MAISON ALPHA: what changed
Two fiscal 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.
MAISON ALPHA
Largest movements
- Cash +€72,266
up €72,266 (+46.2%), from €156,409 to €228,675
mainly Net result for the year (+€105,837) and Depreciation (+€32,029)
- Tangible fixed assets -€32,029
down €32,029 (-8.5%), from €376,800 to €344,771
of which Land and buildings: -€25,568
- Profit (loss) carried forward +€108,072
up €108,072 (+70.1%), from €154,175 to €262,247
- Debts after one year -€44,104
down €44,104 (-66.6%), from €66,188 to €22,084
- Current portion of long-term debt -€10,478
down €10,478 (-15.3%), from €68,602 to €58,123
- Tax, wage and social debts -€9,817
no longer reported in 2025 (was €9,817)
- Depreciation -€12,897
down €12,897 (-28.7%), from €44,927 to €32,029
- Gross operating margin +€5,810
up €5,810 (+3.1%), from €189,256 to €195,066
- Taxes -€2,727
down €2,727 (-6.8%), from €39,977 to €37,250
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 | €533,209 | €573,446 | +€40,237 | +7.5% |
| Fixed assets | 21/28 | €376,800 | €344,771 | -€32,029 | -8.5% |
| Tangible fixed assets | 22/27 | €376,800 | €344,771 | -€32,029 | -8.5% |
| Land and buildings | 22 | €344,492 | €318,924 | -€25,568 | -7.4% |
| Other tangible fixed assets | 26 | €32,308 | €25,847 | -€6,462 | -20.0% |
| Current assets | 29/58 | €156,409 | €228,675 | +€72,266 | +46.2% |
| Cash at bank and in hand | 54/58 | €156,409 | €228,675 | +€72,266 | +46.2% |
| Total equity and liabilities | 10/49 | €533,209 | €573,446 | +€40,237 | +7.5% |
| Equity | 10/15 | €377,783 | €483,620 | +€105,837 | +28.0% |
| Contributions | 10/11 | €40,350 | €40,350 | = | 0.0% |
| Capital | 10 | €40,350 | €40,350 | = | 0.0% |
| Issued capital | 100 | €40,350 | €40,350 | = | 0.0% |
| Reserves | 13 | €183,258 | €181,023 | -€2,234 | -1.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,108 | €19,873 | -€2,234 | -10.1% |
| Distributable reserves | 133 | €155,000 | €155,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,175 | €262,247 | +€108,072 | +70.1% |
| Provisions and deferred taxes | 16 | €10,819 | €9,618 | -€1,201 | -11.1% |
| Provisions for liabilities and charges | 160/5 | €10,819 | €9,618 | -€1,201 | -11.1% |
| Taxes | 161 | - | €9,618 | +€9,618 | |
| Other liabilities and charges | 164/5 | €10,819 | - | -€10,819 | |
| Amounts payable | 17/49 | €144,607 | €80,207 | -€64,399 | -44.5% |
| Amounts payable after more than one year | 17 | €66,188 | €22,084 | -€44,104 | -66.6% |
| Financial debts | 170/4 | €66,188 | €22,084 | -€44,104 | -66.6% |
| Amounts payable within one year | 42/48 | €78,419 | €58,123 | -€20,295 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €68,602 | €58,123 | -€10,478 | -15.3% |
| Taxes, remuneration and social security | 45 | €9,817 | - | -€9,817 | |
| Taxes | 450/3 | €9,817 | - | -€9,817 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,927 | €32,029 | -€12,897 | -28.7% |
| Other operating charges | 640/8 | €18,468 | €19,049 | +€580 | +3.1% |
| Gross operating margin | 9900 | €189,256 | €195,066 | +€5,810 | +3.1% |
| Operating profit (loss) | 9901 | €125,861 | €143,988 | +€18,127 | +14.4% |
| Financial income | 75/76B | €535 | €225 | -€311 | -58.0% |
| Recurring financial income | 75 | €535 | €225 | -€311 | -58.0% |
| Financial charges | 65/66B | €2,503 | €2,326 | -€177 | -7.1% |
| Recurring financial charges | 65 | €2,503 | €2,326 | -€177 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €123,893 | €141,887 | +€17,993 | +14.5% |
| Transfer from deferred taxes | 780 | €2,234 | €1,201 | -€1,033 | -46.2% |
| Income taxes | 67/77 | €39,977 | €37,250 | -€2,727 | -6.8% |
| Profit (loss) for the period | 9904 | €86,150 | €105,837 | +€19,687 | +22.9% |
| Transfer from tax-exempt reserves | 789 | €1,201 | €2,234 | +€1,033 | +86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,351 | €108,072 | +€20,721 | +23.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.