MAESSEN VERFGROOTHANDEL: what changed
What changed
MAESSEN VERFGROOTHANDEL
NACE 46.833, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€2,292
2024 · €27,989-€25,696
Equity
€154,341
2024 · €152,049+€2,292
Cash
€6,839
2024 · €28,977-€22,138
Balance sheet total
€1.6m
2024 · €1.7m-€72,416
Largest movements
Assets
- Tangible fixed assets -€64,108
down €64,108 (-4.1%), from €1.6m to €1.5m
of which Land and buildings: -€60,481
- Cash -€22,138
down €22,138 (-76.4%), from €28,977 to €6,839
mainly Debts after one year (-€55,205) and Other debts (-€19,609)
Equity and liabilities
- Debts after one year -€55,205
down €55,205 (-4.7%), from €1.2m to €1.1m
of which Financial debts: -€47,507
- Other debts -€19,609
down €19,609 (-17.6%), from €111,168 to €91,558
Income statement
- Gross operating margin -€23,055
down €23,055 (-15.0%), from €153,679 to €130,623
- Taxes -€9,140
down €9,140 (-84.1%), from €10,862 to €1,723
- Financial charges +€6,752
up €6,752 (+19.6%), from €34,464 to €41,217
- Financial income -€4,171
down €4,171 (-92.9%), from €4,491 to €320
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
€27,989
Gross operating margin
-€23,055
Depreciation
-€327
Other operating charges
-€298
Other operating items
-€232
Financial income
-€4,171
Financial charges
-€6,752
Taxes
+€9,140
Result 2025
€2,292
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
+€25,470
Investment
-€4,642
Financing
-€42,967
Cash 2024
€28,977
From operations (derived)
+€25,470
Net result for the year
+€2,292
Depreciation
+€78,020
Stocks and contracts
-€12,000
Receivables within one year
-€12,429
Deferred charges and accrued income
+€1,328
Trade debts
-€4,051
Tax, wage and social debts
-€13,425
Other debts
-€19,609
Accrued charges and deferred income
+€5,343
Investment (derived)
-€4,642
Investment in fixed assets (net)
-€4,642
Financing
-€42,967
Debts after one year
-€55,205
Current portion of long-term debt
+€10,567
Short-term financial debts
+€1,671
Cash 2025
€6,839
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,666,341 | €1,593,925 | -€72,416 | -4.3% |
| Formation expenses | 20 | €493 | €202 | -€292 | -59.1% |
| Fixed assets | 21/28 | €1,572,833 | €1,499,747 | -€73,086 | -4.6% |
| Intangible fixed assets | 21 | €8,978 | - | -€8,978 | |
| Tangible fixed assets | 22/27 | €1,563,855 | €1,499,747 | -€64,108 | -4.1% |
| Land and buildings | 22 | €1,547,408 | €1,486,927 | -€60,481 | -3.9% |
| Plant, machinery and equipment | 23 | €10,377 | €8,850 | -€1,527 | -14.7% |
| Furniture and vehicles | 24 | €6,070 | €3,970 | -€2,100 | -34.6% |
| Current assets | 29/58 | €93,015 | €93,977 | +€962 | +1.0% |
| Stocks and contracts in progress | 3 | €31,500 | €43,500 | +€12,000 | +38.1% |
| Stocks | 30/36 | €31,500 | €43,500 | +€12,000 | +38.1% |
| Amounts receivable within one year | 40/41 | €29,172 | €41,601 | +€12,429 | +42.6% |
| Trade receivables | 40 | €29,172 | €38,094 | +€8,922 | +30.6% |
| Other amounts receivable | 41 | - | €3,507 | +€3,507 | |
| Cash at bank and in hand | 54/58 | €28,977 | €6,839 | -€22,138 | -76.4% |
| Deferred charges and accrued income | 490/1 | €3,366 | €2,038 | -€1,328 | -39.5% |
| Total equity and liabilities | 10/49 | €1,666,341 | €1,593,925 | -€72,416 | -4.3% |
| Equity | 10/15 | €152,049 | €154,341 | +€2,292 | +1.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €52,049 | €54,341 | +€2,292 | +4.4% |
| Distributable reserves | 133 | €52,049 | €54,341 | +€2,292 | +4.4% |
| Amounts payable | 17/49 | €1,514,292 | €1,439,584 | -€74,709 | -4.9% |
| Amounts payable after more than one year | 17 | €1,174,790 | €1,119,585 | -€55,205 | -4.7% |
| Financial debts | 170/4 | €1,167,092 | €1,119,585 | -€47,507 | -4.1% |
| Other amounts payable | 178/9 | €7,698 | - | -€7,698 | |
| Amounts payable within one year | 42/48 | €339,502 | €314,656 | -€24,846 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €96,178 | €106,746 | +€10,567 | +11.0% |
| Financial debts | 43 | €75,000 | €76,671 | +€1,671 | +2.2% |
| Credit institutions | 430/8 | €75,000 | €76,671 | +€1,671 | +2.2% |
| Trade debts | 44 | €28,264 | €24,213 | -€4,051 | -14.3% |
| Suppliers | 440/4 | €28,264 | €24,213 | -€4,051 | -14.3% |
| Taxes, remuneration and social security | 45 | €28,892 | €15,468 | -€13,425 | -46.5% |
| Taxes | 450/3 | €28,892 | €15,468 | -€13,425 | -46.5% |
| Other amounts payable | 47/48 | €111,168 | €91,558 | -€19,609 | -17.6% |
| Accrued charges and deferred income | 492/3 | - | €5,343 | +€5,343 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,693 | €78,020 | +€327 | +0.4% |
| Other operating charges | 640/8 | €7,161 | €7,459 | +€298 | +4.2% |
| Non-recurring operating charges | 66A | - | €232 | +€232 | |
| Gross operating margin | 9900 | €153,679 | €130,623 | -€23,055 | -15.0% |
| Operating profit (loss) | 9901 | €68,825 | €44,912 | -€23,912 | -34.7% |
| Financial income | 75/76B | €4,491 | €320 | -€4,171 | -92.9% |
| Recurring financial income | 75 | €4,491 | €320 | -€4,171 | -92.9% |
| Financial charges | 65/66B | €34,464 | €41,217 | +€6,752 | +19.6% |
| Recurring financial charges | 65 | €34,464 | €41,217 | +€6,752 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €38,851 | €4,015 | -€34,836 | -89.7% |
| Income taxes | 67/77 | €10,862 | €1,723 | -€9,140 | -84.1% |
| Profit (loss) for the period | 9904 | €27,989 | €2,292 | -€25,696 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,989 | €2,292 | -€25,696 | -91.8% |
Next steps
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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 5 November 2026 via checked.be.