MAISON BUTERA: 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.
MAISON BUTERA
Largest movements
- Tangible fixed assets -€590,305
down €590,305 (-89.2%), from €661,805 to €71,500
of which Land and buildings: -€424,194
- Receivables within one year +€201,062
up €201,062 (+15.3%), from €1.3m to €1.5m
of which Trade receivables: +€164,986
- Cash -€47,113
down €47,113 (-13.9%), from €340,040 to €292,927
mainly Contributions, distributions and other (-€562,656) and Receivables within one year (-€201,062)
- Profit (loss) carried forward -€217,338
down €217,338 (-16.4%), from €1.3m to €1.1m
- Current portion of long-term debt -€67,804
down €67,804 (-62.8%), from €107,967 to €40,163
- Tax, wage and social debts -€63,636
down €63,636 (-23.5%), from €270,605 to €206,969
of which Taxes: -€68,693
- Debts after one year -€38,315
down €38,315 (-62.6%), from €61,164 to €22,849
- Trade debts +€29,974
up €29,974 (+3.7%), from €805,410 to €835,384
- Purchases and services -€164,914
down €164,914 (-1.6%), from €10.5m to €10.4m
- Gross operating margin +€73,164
up €73,164 (+4.8%), from €1.5m to €1.6m
- Depreciation -€58,218
down €58,218 (-59.6%), from €97,737 to €39,519
- Taxes +€39,390
up €39,390 (+49.5%), from €79,531 to €118,921
- Staff costs +€32,821
up €32,821 (+3.6%), from €915,957 to €948,777
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.
Derived cash bridge
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 | €2,746,832 | €2,318,663 | -€428,169 | -15.6% |
| Fixed assets | 21/28 | €680,818 | €90,512 | -€590,305 | -86.7% |
| Tangible fixed assets | 22/27 | €661,805 | €71,500 | -€590,305 | -89.2% |
| Land and buildings | 22 | €424,194 | €0 | -€424,194 | -100% |
| Plant, machinery and equipment | 23 | €131,819 | - | -€131,819 | |
| Furniture and vehicles | 24 | €77,191 | €57,833 | -€19,359 | -25.1% |
| Leasing and similar rights | 25 | €28,600 | €13,667 | -€14,933 | -52.2% |
| Financial fixed assets | 28 | €19,013 | €19,013 | = | 0.0% |
| Current assets | 29/58 | €2,066,014 | €2,228,151 | +€162,137 | +7.8% |
| Stocks and contracts in progress | 3 | €384,963 | €398,219 | +€13,256 | +3.4% |
| Stocks | 30/36 | €384,963 | €398,219 | +€13,256 | +3.4% |
| Amounts receivable within one year | 40/41 | €1,311,122 | €1,512,184 | +€201,062 | +15.3% |
| Trade receivables | 40 | €1,297,356 | €1,462,342 | +€164,986 | +12.7% |
| Other amounts receivable | 41 | €13,766 | €49,842 | +€36,077 | +262% |
| Cash at bank and in hand | 54/58 | €340,040 | €292,927 | -€47,113 | -13.9% |
| Deferred charges and accrued income | 490/1 | €29,889 | €24,821 | -€5,068 | -17.0% |
| Total equity and liabilities | 10/49 | €2,746,832 | €2,318,663 | -€428,169 | -15.6% |
| Equity | 10/15 | €1,434,190 | €1,168,112 | -€266,078 | -18.6% |
| Contributions | 10/11 | €18,592 | €11,384 | -€7,208 | -38.8% |
| Reserves | 13 | €49,964 | €30,594 | -€19,370 | -38.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,139 | -€721 | -38.8% |
| Reserves not available under the articles | 1311 | €1,860 | €1,139 | -€721 | -38.8% |
| Distributable reserves | 133 | €48,104 | €29,455 | -€18,649 | -38.8% |
| Profit (loss) carried forward | 14 | €1,325,606 | €1,108,267 | -€217,338 | -16.4% |
| Investment grants | 15 | €40,029 | €17,868 | -€22,161 | -55.4% |
| Amounts payable | 17/49 | €1,312,642 | €1,150,551 | -€162,091 | -12.3% |
| Amounts payable after more than one year | 17 | €61,164 | €22,849 | -€38,315 | -62.6% |
| Financial debts | 170/4 | €61,164 | €22,849 | -€38,315 | -62.6% |
| Amounts payable within one year | 42/48 | €1,251,316 | €1,127,702 | -€123,614 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €107,967 | €40,163 | -€67,804 | -62.8% |
| Trade debts | 44 | €805,410 | €835,384 | +€29,974 | +3.7% |
| Suppliers | 440/4 | €805,410 | €835,384 | +€29,974 | +3.7% |
| Taxes, remuneration and social security | 45 | €270,605 | €206,969 | -€63,636 | -23.5% |
| Taxes | 450/3 | €166,893 | €98,199 | -€68,693 | -41.2% |
| Remuneration and social security | 454/9 | €103,712 | €108,769 | +€5,057 | +4.9% |
| Other amounts payable | 47/48 | €67,334 | €45,187 | -€22,147 | -32.9% |
| Accrued charges and deferred income | 492/3 | €162 | - | -€162 | |
| Goods, raw materials, services and sundry goods | 60/61 | €10,523,178 | €10,358,263 | -€164,914 | -1.6% |
| Remuneration, social security and pensions | 62 | €915,957 | €948,777 | +€32,821 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,737 | €39,519 | -€58,218 | -59.6% |
| Other operating charges | 640/8 | €213,374 | €183,192 | -€30,182 | -14.1% |
| Gross operating margin | 9900 | €1,527,298 | €1,600,462 | +€73,164 | +4.8% |
| Operating profit (loss) | 9901 | €300,230 | €428,973 | +€128,743 | +42.9% |
| Financial income | 75/76B | €18,219 | €8,793 | -€9,426 | -51.7% |
| Recurring financial income | 75 | €18,219 | €8,793 | -€9,426 | -51.7% |
| Financial charges | 65/66B | €24,291 | €22,267 | -€2,025 | -8.3% |
| Recurring financial charges | 65 | €24,291 | €22,267 | -€2,025 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €294,157 | €415,500 | +€121,343 | +41.3% |
| Income taxes | 67/77 | €79,531 | €118,921 | +€39,390 | +49.5% |
| Profit (loss) for the period | 9904 | €214,626 | €296,579 | +€81,953 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €214,626 | €296,579 | +€81,953 | +38.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.