MAENHAUT WIM: what changed
What changed
MAENHAUT WIM
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €1.6m-€269,238
Equity
€3.3m
2024 · €7.2m-€3.9m
Cash
€1.3m
2024 · €3.3m-€1.9m
Balance sheet total
€7.5m
2024 · €11.7m-€4.2m
Largest movements
Assets
- Receivables within one year -€2.3m
down €2.3m (-30.5%), from €7.6m to €5.3m
of which Other amounts receivable: -€3.7m
- Cash -€1.9m
down €1.9m (-59.1%), from €3.3m to €1.3m
mainly Contributions, distributions and other (-€5.2m) and Trade debts (-€2.0m)
Equity and liabilities
- Reserves -€3.9m
down €3.9m (-54.9%), from €7.1m to €3.2m
of which Distributable reserves: -€3.9m
- Other debts +€2.1m
up €2.1m (+30,343%), from €6,973 to €2.1m
- Trade debts -€2.0m
down €2.0m (-53.2%), from €3.8m to €1.8m
- Accrued charges and deferred income -€199,293
down €199,293 (-62.8%), from €317,520 to €118,227
- Current portion of long-term debt -€127,612
down €127,612 (-73.4%), from €173,747 to €46,134
Income statement
- Turnover +€572,065
up €572,065 (+4.8%), from €12.0m to €12.6m
- Services and other goods +€492,553
up €492,553 (+23.2%), from €2.1m to €2.6m
- Goods and materials +€364,816
up €364,816 (+5.5%), from €6.7m to €7.0m
of which Purchases: +€352,447
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.6m
Turnover
+€572,065
Other operating income
+€25,877
Goods and materials
-€364,816
Services and other goods
-€492,553
Staff costs
-€120,206
Depreciation
+€68,845
Write-downs
-€4,056
Provisions
+€7,197
Other operating charges
-€6,861
Other operating items
-€7,250
Financial income
-€51,826
Financial charges
+€14,702
Taxes
+€89,645
Result 2025
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3.5m
Investment
-€114,623
Financing
-€5.4m
Cash 2024
€3.3m
From operations (derived)
+€3.5m
Net result for the year
+€1.3m
Depreciation
+€128,923
Receivables after one year
-€59,531
Stocks and contracts
-€41,799
Receivables within one year
+€2.3m
Deferred charges and accrued income
+€7,169
Provisions
-€30,000
Trade debts
-€2.0m
Tax, wage and social debts
+€30,403
Other debts
+€2.1m
Accrued charges and deferred income
-€199,293
Investment (derived)
-€114,623
Investment in fixed assets (net)
-€114,604
Current investments
-€20
Financing
-€5.4m
Debts after one year
-€44,661
Current portion of long-term debt
-€127,612
Contributions, distributions and other
-€5.2m
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,722,279 | €7,538,960 | -€4.2m | -35.7% |
| Fixed assets | 21/28 | €363,971 | €349,651 | -€14,319 | -3.9% |
| Tangible fixed assets | 22/27 | €265,262 | €251,048 | -€14,214 | -5.4% |
| Land and buildings | 22 | €1,510 | €0 | -€1,510 | -100% |
| Plant, machinery and equipment | 23 | €104,811 | €131,968 | +€27,156 | +25.9% |
| Furniture and vehicles | 24 | €158,941 | €119,080 | -€39,861 | -25.1% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €98,709 | €98,604 | -€105 | -0.1% |
| Other financial fixed assets | 284/8 | €98,709 | €98,604 | -€105 | -0.1% |
| Shares | 284 | €8,000 | €8,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €90,709 | €90,604 | -€105 | -0.1% |
| Current assets | 29/58 | €11,358,308 | €7,189,308 | -€4.2m | -36.7% |
| Amounts receivable after more than one year | 29 | €84,078 | €143,608 | +€59,531 | +70.8% |
| Other amounts receivable | 291 | €84,078 | €143,608 | +€59,531 | +70.8% |
| Stocks and contracts in progress | 3 | €303,240 | €345,039 | +€41,799 | +13.8% |
| Stocks | 30/36 | €303,240 | €345,039 | +€41,799 | +13.8% |
| Raw materials and consumables | 30/31 | €303,240 | €345,039 | +€41,799 | +13.8% |
| Amounts receivable within one year | 40/41 | €7,622,695 | €5,300,124 | -€2.3m | -30.5% |
| Trade receivables | 40 | €3,721,778 | €5,069,735 | +€1.3m | +36.2% |
| Other amounts receivable | 41 | €3,900,916 | €230,389 | -€3.7m | -94.1% |
| Current investments | 50/53 | €11,184 | €11,204 | +€20 | +0.2% |
| Other investments | 51/53 | €11,184 | €11,204 | +€20 | +0.2% |
| Cash at bank and in hand | 54/58 | €3,286,092 | €1,345,483 | -€1.9m | -59.1% |
| Deferred charges and accrued income | 490/1 | €51,020 | €43,850 | -€7,169 | -14.1% |
| Total equity and liabilities | 10/49 | €11,722,279 | €7,538,960 | -€4.2m | -35.7% |
| Equity | 10/15 | €7,169,531 | €3,284,815 | -€3.9m | -54.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €7,137,250 | €3,220,750 | -€3.9m | -54.9% |
| Tax-exempt reserves | 132 | €1,789,250 | €1,780,830 | -€8,420 | -0.5% |
| Distributable reserves | 133 | €5,348,000 | €1,439,920 | -€3.9m | -73.1% |
| Profit (loss) carried forward | 14 | €12,281 | €44,065 | +€31,784 | +259% |
| Provisions and deferred taxes | 16 | €30,000 | €0 | -€30,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €0 | -€30,000 | -100% |
| Environmental obligations | 163 | €30,000 | €0 | -€30,000 | -100% |
| Amounts payable | 17/49 | €4,522,748 | €4,254,145 | -€268,603 | -5.9% |
| Amounts payable after more than one year | 17 | €63,438 | €18,777 | -€44,661 | -70.4% |
| Financial debts | 170/4 | €63,438 | €18,777 | -€44,661 | -70.4% |
| Credit institutions | 173 | €63,438 | €18,777 | -€44,661 | -70.4% |
| Amounts payable within one year | 42/48 | €4,141,790 | €4,117,141 | -€24,649 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €173,747 | €46,134 | -€127,612 | -73.4% |
| Trade debts | 44 | €3,841,574 | €1,798,360 | -€2.0m | -53.2% |
| Suppliers | 440/4 | €3,841,574 | €1,798,360 | -€2.0m | -53.2% |
| Taxes, remuneration and social security | 45 | €119,497 | €149,900 | +€30,403 | +25.4% |
| Taxes | 450/3 | €47,235 | €65,596 | +€18,361 | +38.9% |
| Remuneration and social security | 454/9 | €72,262 | €84,304 | +€12,043 | +16.7% |
| Other amounts payable | 47/48 | €6,973 | €2,122,747 | +€2.1m | +30,343% |
| Accrued charges and deferred income | 492/3 | €317,520 | €118,227 | -€199,293 | -62.8% |
| Operating income | 70/76A | €12,106,724 | €12,697,416 | +€590,692 | +4.9% |
| Turnover | 70 | €12,031,297 | €12,603,363 | +€572,065 | +4.8% |
| Other operating income | 74 | €61,927 | €87,803 | +€25,877 | +41.8% |
| Non-recurring operating income | 76A | €13,500 | €6,250 | -€7,250 | -53.7% |
| Operating charges | 60/66A | €10,070,940 | €10,983,392 | +€912,452 | +9.1% |
| Goods for resale, raw materials and consumables | 60 | €6,652,031 | €7,016,847 | +€364,816 | +5.5% |
| Purchases | 600/8 | €6,706,199 | €7,058,646 | +€352,447 | +5.3% |
| Change in stocks: decrease (increase) | 609 | -€54,168 | -€41,799 | +€12,369 | +22.8% |
| Services and other goods | 61 | €2,126,716 | €2,619,269 | +€492,553 | +23.2% |
| Remuneration, social security and pensions | 62 | €1,108,617 | €1,228,823 | +€120,206 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €197,768 | €128,923 | -€68,845 | -34.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,056 | +€4,056 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€22,803 | -€30,000 | -€7,197 | -31.6% |
| Other operating charges | 640/8 | €8,612 | €15,473 | +€6,861 | +79.7% |
| Operating profit (loss) | 9901 | €2,035,784 | €1,714,024 | -€321,759 | -15.8% |
| Financial income | 75/76B | €114,076 | €62,251 | -€51,826 | -45.4% |
| Recurring financial income | 75 | €114,076 | €62,251 | -€51,826 | -45.4% |
| Income from current assets | 751 | €72,244 | €16,870 | -€55,374 | -76.6% |
| Other financial income | 752/9 | €41,832 | €45,380 | +€3,548 | +8.5% |
| Financial charges | 65/66B | €38,503 | €23,801 | -€14,702 | -38.2% |
| Recurring financial charges | 65 | €38,503 | €23,801 | -€14,702 | -38.2% |
| Debt charges | 650 | €32,650 | €20,818 | -€11,832 | -36.2% |
| Other financial charges | 652/9 | €5,853 | €2,982 | -€2,871 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €2,111,357 | €1,752,474 | -€358,883 | -17.0% |
| Income taxes | 67/77 | €528,836 | €439,191 | -€89,645 | -17.0% |
| Taxes | 670/3 | €629,621 | €439,191 | -€190,431 | -30.2% |
| Tax adjustments and reversals of tax provisions | 77 | €100,785 | €0 | -€100,785 | -100% |
| Profit (loss) for the period | 9904 | €1,582,521 | €1,313,284 | -€269,238 | -17.0% |
| Transfer from tax-exempt reserves | 789 | €356,000 | €639,920 | +€283,920 | +79.8% |
| Transfer to tax-exempt reserves | 689 | €631,500 | €631,500 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,307,021 | €1,321,704 | +€14,682 | +1.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.