MAISON CANTILLON: 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 CANTILLON
Largest movements
- Receivables within one year +€51,012
up €51,012 (+40.5%), from €125,868 to €176,880
of which Trade receivables: +€52,284
- Cash +€35,041
up €35,041 (+69.1%), from €50,687 to €85,728
mainly Net result for the year (+€82,756) and Tax, wage and social debts (+€19,819)
- Receivables after one year +€15,494
new in 2025: €15,494
- Tangible fixed assets -€4,638
down €4,638 (-17.3%), from €26,820 to €22,182
of which Furniture and vehicles: -€3,286
- Reserves +€81,879
up €81,879 (+209%), from €39,178 to €121,057
- Tax, wage and social debts +€19,819
up €19,819 (+59.5%), from €33,296 to €53,115
of which Taxes: +€15,700
- Current portion of long-term debt +€12,526
new in 2025: €12,526
- Other debts -€10,184
down €10,184 (-34.5%), from €29,486 to €19,302
- Trade debts -€4,786
down €4,786 (-7.3%), from €65,395 to €60,609
- Gross operating margin +€87,271
up €87,271 (+55.0%), from €158,584 to €245,855
- Staff costs +€23,400
up €23,400 (+25.6%), from €91,468 to €114,868
- Taxes +€19,644
up €19,644 (+120%), from €16,390 to €36,034
- Other operating charges -€3,297
down €3,297 (-41.9%), from €7,866 to €4,569
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 | €212,394 | €311,649 | +€99,254 | +46.7% |
| Fixed assets | 21/28 | €26,970 | €22,332 | -€4,638 | -17.2% |
| Tangible fixed assets | 22/27 | €26,820 | €22,182 | -€4,638 | -17.3% |
| Furniture and vehicles | 24 | €23,769 | €20,483 | -€3,286 | -13.8% |
| Leasing and similar rights | 25 | €3,051 | €1,699 | -€1,352 | -44.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €185,424 | €289,317 | +€103,892 | +56.0% |
| Amounts receivable after more than one year | 29 | - | €15,494 | +€15,494 | |
| Other amounts receivable | 291 | - | €15,494 | +€15,494 | |
| Stocks and contracts in progress | 3 | €3,570 | €3,718 | +€148 | +4.1% |
| Stocks | 30/36 | €3,570 | €3,718 | +€148 | +4.1% |
| Amounts receivable within one year | 40/41 | €125,868 | €176,880 | +€51,012 | +40.5% |
| Trade receivables | 40 | €123,620 | €175,904 | +€52,284 | +42.3% |
| Other amounts receivable | 41 | €2,247 | €976 | -€1,271 | -56.6% |
| Cash at bank and in hand | 54/58 | €50,687 | €85,728 | +€35,041 | +69.1% |
| Deferred charges and accrued income | 490/1 | €5,300 | €7,497 | +€2,198 | +41.5% |
| Total equity and liabilities | 10/49 | €212,394 | €311,649 | +€99,254 | +46.7% |
| Equity | 10/15 | €84,218 | €166,097 | +€81,879 | +97.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €39,178 | €121,057 | +€81,879 | +209% |
| Distributable reserves | 133 | €39,178 | €121,057 | +€81,879 | +209% |
| Profit (loss) carried forward | 14 | €25,040 | €25,040 | = | 0.0% |
| Amounts payable | 17/49 | €128,177 | €145,551 | +€17,375 | +13.6% |
| Amounts payable within one year | 42/48 | €128,177 | €145,551 | +€17,375 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | - | €12,526 | +€12,526 | |
| Trade debts | 44 | €65,395 | €60,609 | -€4,786 | -7.3% |
| Suppliers | 440/4 | €65,395 | €60,609 | -€4,786 | -7.3% |
| Taxes, remuneration and social security | 45 | €33,296 | €53,115 | +€19,819 | +59.5% |
| Taxes | 450/3 | €21,519 | €37,219 | +€15,700 | +73.0% |
| Remuneration and social security | 454/9 | €11,777 | €15,896 | +€4,119 | +35.0% |
| Other amounts payable | 47/48 | €29,486 | €19,302 | -€10,184 | -34.5% |
| Remuneration, social security and pensions | 62 | €91,468 | €114,868 | +€23,400 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,922 | €4,638 | -€1,284 | -21.7% |
| Other operating charges | 640/8 | €7,866 | €4,569 | -€3,297 | -41.9% |
| Gross operating margin | 9900 | €158,584 | €245,855 | +€87,271 | +55.0% |
| Operating profit (loss) | 9901 | €53,328 | €121,780 | +€68,452 | +128% |
| Financial income | 75/76B | €32 | €28 | -€4 | -11.4% |
| Recurring financial income | 75 | €32 | €28 | -€4 | -11.4% |
| Financial charges | 65/66B | €3,064 | €3,018 | -€46 | -1.5% |
| Recurring financial charges | 65 | €3,064 | €3,018 | -€46 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €50,296 | €118,790 | +€68,494 | +136% |
| Income taxes | 67/77 | €16,390 | €36,034 | +€19,644 | +120% |
| Profit (loss) for the period | 9904 | €33,906 | €82,756 | +€48,850 | +144% |
| Profit (loss) for the period to be appropriated | 9905 | €33,906 | €82,756 | +€48,850 | +144% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.