MAESSEN COUTURE: 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.
MAESSEN COUTURE
Largest movements
- Stocks and contracts +€15,730
up €15,730 (+4.8%), from €324,658 to €340,388
- Tangible fixed assets -€9,694
down €9,694 (-9.5%), from €101,721 to €92,027
- Receivables within one year +€8,378
up €8,378 (+155%), from €5,399 to €13,777
of which Trade receivables: +€7,000
- Cash -€7,511
down €7,511 (-23.6%), from €31,858 to €24,347
mainly Stocks and contracts (-€15,730) and Receivables within one year (-€8,378)
- Profit (loss) carried forward +€10,864
up €10,864 (+32.7%), from -€33,205 to -€22,340
- Debts after one year -€8,207
down €8,207 (-14.9%), from €54,933 to €46,726
- Tax, wage and social debts +€5,954
up €5,954 (+27.7%), from €21,457 to €27,411
of which Remuneration and social security: +€5,134
- Accrued charges and deferred income -€5,084
down €5,084 (-100%), from €5,084 to €0
- Gross operating margin +€48,802
up €48,802 (+44.7%), from €109,293 to €158,094
- Staff costs +€6,472
up €6,472 (+5.7%), from €114,505 to €120,977
- Financial charges -€6,029
down €6,029 (-28.9%), from €20,887 to €14,858
- Financial income -€3,615
down €3,615 (-49.6%), from €7,295 to €3,680
- Depreciation +€2,126
up €2,126 (+18.7%), from €11,387 to €13,513
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €473,732 | €473,070 | -€661 | -0.1% |
| Fixed assets | 21/28 | €101,721 | €93,158 | -€8,563 | -8.4% |
| Intangible fixed assets | 21 | - | €1,131 | +€1,131 | |
| Tangible fixed assets | 22/27 | €101,721 | €92,027 | -€9,694 | -9.5% |
| Land and buildings | 22 | €65,082 | €61,126 | -€3,956 | -6.1% |
| Plant, machinery and equipment | 23 | €34,251 | €30,424 | -€3,827 | -11.2% |
| Furniture and vehicles | 24 | €2,388 | €478 | -€1,910 | -80.0% |
| Current assets | 29/58 | €372,010 | €379,912 | +€7,901 | +2.1% |
| Amounts receivable after more than one year | 29 | €4,646 | €0 | -€4,646 | -100% |
| Other amounts receivable | 291 | €4,646 | €0 | -€4,646 | -100% |
| Stocks and contracts in progress | 3 | €324,658 | €340,388 | +€15,730 | +4.8% |
| Stocks | 30/36 | €324,658 | €340,388 | +€15,730 | +4.8% |
| Amounts receivable within one year | 40/41 | €5,399 | €13,777 | +€8,378 | +155% |
| Trade receivables | 40 | - | €7,000 | +€7,000 | |
| Other amounts receivable | 41 | €5,399 | €6,777 | +€1,378 | +25.5% |
| Cash at bank and in hand | 54/58 | €31,858 | €24,347 | -€7,511 | -23.6% |
| Deferred charges and accrued income | 490/1 | €5,449 | €1,400 | -€4,049 | -74.3% |
| Total equity and liabilities | 10/49 | €473,732 | €473,070 | -€661 | -0.1% |
| Equity | 10/15 | €103,065 | €113,930 | +€10,864 | +10.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €74,270 | €74,270 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €49,320 | €49,320 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,205 | -€22,340 | +€10,864 | +32.7% |
| Amounts payable | 17/49 | €370,667 | €359,141 | -€11,526 | -3.1% |
| Amounts payable after more than one year | 17 | €54,933 | €46,726 | -€8,207 | -14.9% |
| Financial debts | 170/4 | €54,933 | €46,726 | -€8,207 | -14.9% |
| Amounts payable within one year | 42/48 | €310,649 | €312,415 | +€1,766 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €7,863 | €8,207 | +€345 | +4.4% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €110,942 | €108,433 | -€2,509 | -2.3% |
| Suppliers | 440/4 | €110,942 | €108,433 | -€2,509 | -2.3% |
| Taxes, remuneration and social security | 45 | €21,457 | €27,411 | +€5,954 | +27.7% |
| Taxes | 450/3 | €9,899 | €10,719 | +€820 | +8.3% |
| Remuneration and social security | 454/9 | €11,558 | €16,692 | +€5,134 | +44.4% |
| Other amounts payable | 47/48 | €20,387 | €18,363 | -€2,024 | -9.9% |
| Accrued charges and deferred income | 492/3 | €5,084 | €0 | -€5,084 | -100% |
| Remuneration, social security and pensions | 62 | €114,505 | €120,977 | +€6,472 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,387 | €13,513 | +€2,126 | +18.7% |
| Other operating charges | 640/8 | €2,199 | €1,989 | -€210 | -9.5% |
| Gross operating margin | 9900 | €109,293 | €158,094 | +€48,802 | +44.7% |
| Operating profit (loss) | 9901 | -€18,799 | €21,615 | +€40,413 | |
| Financial income | 75/76B | €7,295 | €3,680 | -€3,615 | -49.6% |
| Recurring financial income | 75 | €7,295 | €3,680 | -€3,615 | -49.6% |
| Financial charges | 65/66B | €20,887 | €14,858 | -€6,029 | -28.9% |
| Recurring financial charges | 65 | €20,887 | €14,858 | -€6,029 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | -€32,391 | €10,436 | +€42,827 | |
| Income taxes | 67/77 | €814 | -€428 | -€1,242 | |
| Profit (loss) for the period | 9904 | -€33,205 | €10,864 | +€44,069 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,205 | €10,864 | +€44,069 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.