LES 4 MAISONS: 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.
LES 4 MAISONS
Largest movements
- Cash -€51,164
down €51,164 (-64.0%), from €79,933 to €28,769
mainly Net result for the year (-€33,065) and Debts after one year (-€15,475)
- Stocks and contracts -€12,852
down €12,852 (-33.5%), from €38,364 to €25,511
- Receivables within one year +€7,865
up €7,865 (+33.1%), from €23,729 to €31,594
of which Trade receivables: +€7,865
- Intangible fixed assets -€5,142
down €5,142 (-23.9%), from €21,507 to €16,365
- Profit (loss) carried forward -€33,065
down €33,065 (-41.9%), from €78,826 to €45,761
- Debts after one year -€15,475
down €15,475 (-75.1%), from €20,595 to €5,120
of which Financial debts: -€15,475
- Current portion of long-term debt -€11,179
down €11,179 (-85.7%), from €13,048 to €1,869
- Trade debts -€4,376
down €4,376 (-25.9%), from €16,922 to €12,546
- Depreciation -€8,642
down €8,642 (-56.7%), from €15,255 to €6,612
- Staff costs +€4,249
up €4,249 (+10.0%), from €42,422 to €46,671
- Taxes +€2,091
up €2,091 (+72.0%), from €2,904 to €4,996
- Gross operating margin +€2,033
up €2,033 (+8.2%), from €24,705 to €26,738
- Financial charges -€1,104
down €1,104 (-61.7%), from €1,789 to €685
of which Financial charges: -€1,273
From the 2024 result to the 2025 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.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,230 | €116,742 | -€62,489 | -34.9% |
| Fixed assets | 21/28 | €36,914 | €30,301 | -€6,612 | -17.9% |
| Intangible fixed assets | 21 | €21,507 | €16,365 | -€5,142 | -23.9% |
| Tangible fixed assets | 22/27 | €12,456 | €10,986 | -€1,470 | -11.8% |
| Furniture and vehicles | 24 | €12,456 | €10,986 | -€1,470 | -11.8% |
| Financial fixed assets | 28 | €2,950 | €2,950 | = | 0.0% |
| Current assets | 29/58 | €142,317 | €86,440 | -€55,876 | -39.3% |
| Stocks and contracts in progress | 3 | €38,364 | €25,511 | -€12,852 | -33.5% |
| Stocks | 30/36 | €38,364 | €25,511 | -€12,852 | -33.5% |
| Amounts receivable within one year | 40/41 | €23,729 | €31,594 | +€7,865 | +33.1% |
| Trade receivables | 40 | €23,429 | €31,294 | +€7,865 | +33.6% |
| Other amounts receivable | 41 | €300 | €300 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €79,933 | €28,769 | -€51,164 | -64.0% |
| Deferred charges and accrued income | 490/1 | €291 | €566 | +€275 | +94.5% |
| Total equity and liabilities | 10/49 | €179,230 | €116,742 | -€62,489 | -34.9% |
| Equity | 10/15 | €99,286 | €66,221 | -€33,065 | -33.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,826 | €45,761 | -€33,065 | -41.9% |
| Amounts payable | 17/49 | €79,944 | €50,520 | -€29,424 | -36.8% |
| Amounts payable after more than one year | 17 | €20,595 | €5,120 | -€15,475 | -75.1% |
| Financial debts | 170/4 | €15,475 | - | -€15,475 | |
| Other amounts payable | 178/9 | €5,120 | €5,120 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,349 | €45,400 | -€13,949 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €13,048 | €1,869 | -€11,179 | -85.7% |
| Trade debts | 44 | €16,922 | €12,546 | -€4,376 | -25.9% |
| Suppliers | 440/4 | €16,922 | €12,546 | -€4,376 | -25.9% |
| Taxes, remuneration and social security | 45 | €27,104 | €27,526 | +€421 | +1.6% |
| Taxes | 450/3 | €26,112 | €23,635 | -€2,477 | -9.5% |
| Remuneration and social security | 454/9 | €993 | €3,891 | +€2,898 | +292% |
| Other amounts payable | 47/48 | €2,275 | €3,459 | +€1,184 | +52.1% |
| Remuneration, social security and pensions | 62 | €42,422 | €46,671 | +€4,249 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,255 | €6,612 | -€8,642 | -56.7% |
| Other operating charges | 640/8 | €1,132 | €1,170 | +€38 | +3.3% |
| Gross operating margin | 9900 | €24,705 | €26,738 | +€2,033 | +8.2% |
| Operating profit (loss) | 9901 | -€34,103 | -€27,715 | +€6,388 | +18.7% |
| Financial income | 75/76B | €169 | €330 | +€162 | +96.0% |
| Recurring financial income | 75 | €169 | €330 | +€162 | +96.0% |
| Non-recurring financial income | 76B | €169 | - | -€169 | |
| Financial charges | 65/66B | €1,789 | €685 | -€1,104 | -61.7% |
| Recurring financial charges | 65 | €1,708 | €435 | -€1,273 | -74.5% |
| Non-recurring financial charges | 66B | €81 | €250 | +€169 | +208% |
| Profit (loss) for the period before taxes | 9903 | -€35,724 | -€28,069 | +€7,654 | +21.4% |
| Income taxes | 67/77 | €2,904 | €4,996 | +€2,091 | +72.0% |
| Profit (loss) for the period | 9904 | -€38,628 | -€33,065 | +€5,563 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,628 | -€33,065 | +€5,563 | +14.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.