Mahieu - Vandecasteele: what changed
What changed
Mahieu - Vandecasteele
NACE 43.221, Plumbing work
filed annual accounts (NBB)
Net result for the year
-€27,747
2024 · -€28,206+€459
Equity
€681,436
2024 · €709,183-€27,747
Cash
€5,226
2024 · €3,517+€1,709
Balance sheet total
€1.1m
2024 · €1.2m-€82,304
Largest movements
Assets
- Tangible fixed assets -€79,808
down €79,808 (-6.6%), from €1.2m to €1.1m
of which Land and buildings: -€70,908
Equity and liabilities
- Debts after one year -€40,732
down €40,732 (-43.9%), from €92,687 to €51,955
- Reserves -€27,747
down €27,747 (-3.9%), from €702,983 to €675,236
of which Distributable reserves: -€23,352
Income statement
- Gross operating margin -€1,529
down €1,529 (-2.5%), from €61,844 to €60,314
- Financial charges -€1,065
down €1,065 (-23.0%), from €4,631 to €3,567
- Depreciation -€864
down €864 (-1.1%), from €80,672 to €79,808
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
-€28,206
Gross operating margin
-€1,529
Depreciation
+€864
Other operating charges
+€88
Financial income
-€8
Financial charges
+€1,065
Taxes
-€21
Result 2025
-€27,747
raises the resultlowers the result
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
+€40,120
Investment
+€1,293
Financing
-€39,703
Cash 2024
€3,517
From operations (derived)
+€40,120
Net result for the year
-€27,747
Depreciation
+€79,808
Receivables within one year
+€6,018
Deferred charges and accrued income
-€3,106
Provisions
-€1,465
Trade debts
-€290
Tax, wage and social debts
+€265
Advances received
-€1,565
Other debts
-€9,075
Accrued charges and deferred income
-€2,723
Investment (derived)
+€1,293
Current investments
+€1,293
Financing
-€39,703
Debts after one year
-€40,732
Current portion of long-term debt
+€1,029
Cash 2025
€5,226
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,222,157 | €1,139,853 | -€82,304 | -6.7% |
| Fixed assets | 21/28 | €1,207,823 | €1,128,015 | -€79,808 | -6.6% |
| Tangible fixed assets | 22/27 | €1,207,709 | €1,127,901 | -€79,808 | -6.6% |
| Land and buildings | 22 | €1,188,031 | €1,117,123 | -€70,908 | -6.0% |
| Furniture and vehicles | 24 | €19,678 | €10,778 | -€8,900 | -45.2% |
| Financial fixed assets | 28 | €114 | €114 | = | 0.0% |
| Current assets | 29/58 | €14,334 | €11,838 | -€2,496 | -17.4% |
| Amounts receivable within one year | 40/41 | €7,814 | €1,795 | -€6,018 | -77.0% |
| Trade receivables | 40 | €7,813 | €1,795 | -€6,017 | -77.0% |
| Other amounts receivable | 41 | €1 | - | -€1 | |
| Current investments | 50/53 | €1,678 | €385 | -€1,293 | -77.1% |
| Cash at bank and in hand | 54/58 | €3,517 | €5,226 | +€1,709 | +48.6% |
| Deferred charges and accrued income | 490/1 | €1,326 | €4,432 | +€3,106 | +234% |
| Total equity and liabilities | 10/49 | €1,222,157 | €1,139,853 | -€82,304 | -6.7% |
| Equity | 10/15 | €709,183 | €681,436 | -€27,747 | -3.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €702,983 | €675,236 | -€27,747 | -3.9% |
| Tax-exempt reserves | 132 | €106,602 | €102,206 | -€4,396 | -4.1% |
| Distributable reserves | 133 | €596,382 | €573,030 | -€23,352 | -3.9% |
| Provisions and deferred taxes | 16 | €35,534 | €34,069 | -€1,465 | -4.1% |
| Deferred taxes | 168 | €35,534 | €34,069 | -€1,465 | -4.1% |
| Amounts payable | 17/49 | €477,440 | €424,348 | -€53,091 | -11.1% |
| Amounts payable after more than one year | 17 | €92,687 | €51,955 | -€40,732 | -43.9% |
| Financial debts | 170/4 | €92,687 | €51,955 | -€40,732 | -43.9% |
| Amounts payable within one year | 42/48 | €380,645 | €371,008 | -€9,636 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €39,703 | €40,732 | +€1,029 | +2.6% |
| Trade debts | 44 | €2,571 | €2,281 | -€290 | -11.3% |
| Suppliers | 440/4 | €2,571 | €2,281 | -€290 | -11.3% |
| Advances received on contracts in progress | 46 | €1,565 | - | -€1,565 | |
| Taxes, remuneration and social security | 45 | €1,371 | €1,636 | +€265 | +19.3% |
| Taxes | 450/3 | €1,371 | €1,636 | +€265 | +19.3% |
| Other amounts payable | 47/48 | €335,435 | €326,360 | -€9,075 | -2.7% |
| Accrued charges and deferred income | 492/3 | €4,108 | €1,385 | -€2,723 | -66.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,672 | €79,808 | -€864 | -1.1% |
| Other operating charges | 640/8 | €5,771 | €5,683 | -€88 | -1.5% |
| Gross operating margin | 9900 | €61,844 | €60,314 | -€1,529 | -2.5% |
| Operating profit (loss) | 9901 | -€24,600 | -€25,177 | -€577 | -2.3% |
| Financial income | 75/76B | €34 | €26 | -€8 | -23.4% |
| Recurring financial income | 75 | €34 | €26 | -€8 | -23.4% |
| Financial charges | 65/66B | €4,631 | €3,567 | -€1,065 | -23.0% |
| Recurring financial charges | 65 | €4,631 | €3,567 | -€1,065 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | -€29,197 | -€28,717 | +€480 | +1.6% |
| Transfer from deferred taxes | 780 | €1,465 | €1,465 | = | 0.0% |
| Income taxes | 67/77 | €475 | €496 | +€21 | +4.4% |
| Profit (loss) for the period | 9904 | -€28,206 | -€27,747 | +€459 | +1.6% |
| Transfer from tax-exempt reserves | 789 | €4,396 | €4,396 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,810 | -€23,352 | +€459 | +1.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.