MAENHOUDT CONSTRUCT: 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.
MAENHOUDT CONSTRUCT
Largest movements
- Receivables within one year -€37,164
down €37,164 (-23.5%), from €158,274 to €121,110
of which Trade receivables: -€38,365
- Tangible fixed assets +€13,109
up €13,109 (+2.7%), from €479,262 to €492,371
of which Furniture and vehicles: +€42,384
- Short-term financial debts -€19,322
down €19,322 (-83.5%), from €23,137 to €3,815
- Other debts -€10,842
down €10,842 (-10.7%), from €101,383 to €90,541
- Current portion of long-term debt +€9,336
up €9,336 (+41.4%), from €22,556 to €31,892
- Reserves +€8,000
up €8,000 (+2.2%), from €363,095 to €371,095
- Gross operating margin +€5,968
up €5,968 (+9.6%), from €62,171 to €68,139
- Staff costs -€2,033
down €2,033 (-55.1%), from €3,687 to €1,654
- Financial charges +€1,343
up €1,343 (+23.3%), from €5,765 to €7,108
- Taxes +€1,246
up €1,246 (+59.1%), from €2,109 to €3,355
- Depreciation +€693
up €693 (+1.8%), from €38,314 to €39,007
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.
Cash bridge derived
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 | €705,837 | €684,503 | -€21,334 | -3.0% |
| Fixed assets | 21/28 | €481,012 | €494,121 | +€13,109 | +2.7% |
| Tangible fixed assets | 22/27 | €479,262 | €492,371 | +€13,109 | +2.7% |
| Land and buildings | 22 | €475,043 | €447,737 | -€27,306 | -5.7% |
| Plant, machinery and equipment | 23 | €2,201 | €232 | -€1,969 | -89.5% |
| Furniture and vehicles | 24 | €2,018 | €44,402 | +€42,384 | +2100.3% |
| Financial fixed assets | 28 | €1,750 | €1,750 | = | 0.0% |
| Current assets | 29/58 | €224,825 | €190,382 | -€34,443 | -15.3% |
| Stocks and contracts in progress | 3 | €58,200 | €58,200 | = | 0.0% |
| Stocks | 30/36 | €58,200 | €58,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €158,274 | €121,110 | -€37,164 | -23.5% |
| Trade receivables | 40 | €157,957 | €119,592 | -€38,365 | -24.3% |
| Other amounts receivable | 41 | €317 | €1,518 | +€1,201 | +378.9% |
| Cash at bank and in hand | 54/58 | €2,421 | €2,421 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €5,930 | €8,651 | +€2,721 | +45.9% |
| Total equity and liabilities | 10/49 | €705,837 | €684,503 | -€21,334 | -3.0% |
| Equity | 10/15 | €381,820 | €389,715 | +€7,895 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €363,095 | €371,095 | +€8,000 | +2.2% |
| Distributable reserves | 133 | €363,095 | €371,095 | +€8,000 | +2.2% |
| Profit (loss) carried forward | 14 | €125 | €20 | -€105 | -84.0% |
| Amounts payable | 17/49 | €324,017 | €294,788 | -€29,229 | -9.0% |
| Amounts payable after more than one year | 17 | €117,334 | €112,034 | -€5,300 | -4.5% |
| Financial debts | 170/4 | €117,334 | €112,034 | -€5,300 | -4.5% |
| Amounts payable within one year | 42/48 | €200,358 | €176,159 | -€24,199 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €22,556 | €31,892 | +€9,336 | +41.4% |
| Financial debts | 43 | €23,137 | €3,815 | -€19,322 | -83.5% |
| Credit institutions | 430/8 | €23,137 | €3,815 | -€19,322 | -83.5% |
| Trade debts | 44 | €34,706 | €37,301 | +€2,595 | +7.5% |
| Suppliers | 440/4 | €34,706 | €37,301 | +€2,595 | +7.5% |
| Taxes, remuneration and social security | 45 | €18,576 | €12,610 | -€5,966 | -32.1% |
| Taxes | 450/3 | €6,871 | €3,655 | -€3,216 | -46.8% |
| Remuneration and social security | 454/9 | €11,705 | €8,955 | -€2,750 | -23.5% |
| Other amounts payable | 47/48 | €101,383 | €90,541 | -€10,842 | -10.7% |
| Accrued charges and deferred income | 492/3 | €6,325 | €6,595 | +€270 | +4.3% |
| Non-recurring operating income | 76A | - | €5,785 | +€5,785 | |
| Remuneration, social security and pensions | 62 | €3,687 | €1,654 | -€2,033 | -55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,314 | €39,007 | +€693 | +1.8% |
| Other operating charges | 640/8 | €9,650 | €9,506 | -€144 | -1.5% |
| Gross operating margin | 9900 | €62,171 | €68,139 | +€5,968 | +9.6% |
| Operating profit (loss) | 9901 | €10,520 | €17,972 | +€7,452 | +70.8% |
| Financial income | 75/76B | €591 | €386 | -€205 | -34.7% |
| Recurring financial income | 75 | €591 | €386 | -€205 | -34.7% |
| Financial charges | 65/66B | €5,765 | €7,108 | +€1,343 | +23.3% |
| Recurring financial charges | 65 | €5,765 | €7,108 | +€1,343 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €5,346 | €11,250 | +€5,904 | +110.4% |
| Income taxes | 67/77 | €2,109 | €3,355 | +€1,246 | +59.1% |
| Profit (loss) for the period | 9904 | €3,237 | €7,895 | +€4,658 | +143.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,237 | €7,895 | +€4,658 | +143.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.