LE MAILLON: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LE MAILLON
Largest movements
- Current investments -€250,000
no longer reported in 2024 (was €250,000)
- Cash +€157,646
up €157,646 (+47.4%), from €332,284 to €489,931
mainly Current investments (+€250,000) and Accrued charges and deferred income (+€15,605)
- Profit (loss) carried forward -€105,761
down €105,761 (-28.1%), from -€377,026 to -€482,787
- Accrued charges and deferred income +€15,605
new in 2024: €15,605
- Staff costs -€37,207
down €37,207 (-3.8%), from €985,872 to €948,665
- Gross operating margin -€34,354
down €34,354 (-3.9%), from €887,103 to €852,749
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €879,162 | €780,941 | -€98,221 | -11.2% |
| Fixed assets | 21/28 | €263,099 | €250,880 | -€12,219 | -4.6% |
| Intangible fixed assets | 21 | €12,335 | €8,796 | -€3,539 | -28.7% |
| Tangible fixed assets | 22/27 | €250,509 | €241,829 | -€8,680 | -3.5% |
| Land and buildings | 22 | €238,004 | €232,504 | -€5,500 | -2.3% |
| Plant, machinery and equipment | 23 | €12,505 | €9,326 | -€3,180 | -25.4% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €616,063 | €530,061 | -€86,002 | -14.0% |
| Amounts receivable within one year | 40/41 | €22,864 | €28,321 | +€5,457 | +23.9% |
| Trade receivables | 40 | €22,864 | €28,321 | +€5,457 | +23.9% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €332,284 | €489,931 | +€157,646 | +47.4% |
| Deferred charges and accrued income | 490/1 | €10,915 | €11,810 | +€895 | +8.2% |
| Total equity and liabilities | 10/49 | €879,162 | €780,941 | -€98,221 | -11.2% |
| Equity | 10/15 | €614,374 | €508,613 | -€105,761 | -17.2% |
| Contributions | 10/11 | €991,400 | €991,400 | = | 0.0% |
| Capital | 10 | €991,400 | €991,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€377,026 | -€482,787 | -€105,761 | -28.1% |
| Amounts payable | 17/49 | €264,788 | €272,328 | +€7,540 | +2.8% |
| Amounts payable within one year | 42/48 | €264,788 | €256,724 | -€8,065 | -3.0% |
| Trade debts | 44 | €35,672 | €25,012 | -€10,660 | -29.9% |
| Suppliers | 440/4 | €35,672 | €25,012 | -€10,660 | -29.9% |
| Taxes, remuneration and social security | 45 | €104,921 | €107,517 | +€2,596 | +2.5% |
| Remuneration and social security | 454/9 | €104,921 | €107,517 | +€2,596 | +2.5% |
| Accrued charges and deferred income | 492/3 | - | €15,605 | +€15,605 | |
| Remuneration, social security and pensions | 62 | €985,872 | €948,665 | -€37,207 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,418 | €12,219 | -€199 | -1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €930 | +€930 | |
| Other operating charges | 640/8 | €4,823 | €4,528 | -€295 | -6.1% |
| Gross operating margin | 9900 | €887,103 | €852,749 | -€34,354 | -3.9% |
| Operating profit (loss) | 9901 | -€116,010 | -€113,593 | +€2,417 | +2.1% |
| Financial income | 75/76B | €20 | €8,740 | +€8,721 | +44335.0% |
| Recurring financial income | 75 | €20 | €8,740 | +€8,721 | +44335.0% |
| Financial charges | 65/66B | €173 | €542 | +€368 | +212.8% |
| Recurring financial charges | 65 | €173 | €542 | +€368 | +212.8% |
| Profit (loss) for the period before taxes | 9903 | -€116,163 | -€105,395 | +€10,769 | +9.3% |
| Income taxes | 67/77 | - | €366 | +€366 | |
| Profit (loss) for the period | 9904 | -€116,163 | -€105,761 | +€10,403 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€116,163 | -€105,761 | +€10,403 | +9.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.