MAISON CARTE BLANCHE: 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 CARTE BLANCHE
Largest movements
- Receivables within one year -€30,727
down €30,727 (-25.8%), from €119,070 to €88,343
of which Trade receivables: -€27,987
- Intangible fixed assets -€29,132
down €29,132 (-19.5%), from €149,488 to €120,355
- Tangible fixed assets +€20,054
up €20,054 (+2.1%), from €934,672 to €954,727
of which Furniture and vehicles: +€26,447
- Cash -€15,192
down €15,192 (-18.3%), from €83,169 to €67,977
mainly Other debts (-€172,075) and Investment in fixed assets (net) (-€171,870)
- Reserves +€200,000
up €200,000 (+964%), from €20,750 to €220,750
of which Distributable reserves: +€200,000
- Other debts -€172,075
down €172,075 (-86.1%), from €199,835 to €27,759
- Trade debts -€157,944
down €157,944 (-37.4%), from €422,652 to €264,708
- Tax, wage and social debts +€76,026
up €76,026 (+152%), from €50,164 to €126,190
of which Remuneration and social security: +€50,172
- Current portion of long-term debt +€26,942
up €26,942 (+27.3%), from €98,666 to €125,607
- Gross operating margin +€385,897
up €385,897 (+36.3%), from €1.1m to €1.4m
- Staff costs +€347,098
up €347,098 (+53.3%), from €650,625 to €997,723
- Depreciation +€53,520
up €53,520 (+42.0%), from €127,428 to €180,948
- Taxes +€20,000
new in 2025: €20,000
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 | €1,295,414 | €1,249,945 | -€45,469 | -3.5% |
| Fixed assets | 21/28 | €1,084,160 | €1,075,082 | -€9,078 | -0.8% |
| Intangible fixed assets | 21 | €149,488 | €120,355 | -€29,132 | -19.5% |
| Tangible fixed assets | 22/27 | €934,672 | €954,727 | +€20,054 | +2.1% |
| Plant, machinery and equipment | 23 | €66,258 | €57,321 | -€8,937 | -13.5% |
| Furniture and vehicles | 24 | €77,522 | €103,969 | +€26,447 | +34.1% |
| Other tangible fixed assets | 26 | €790,893 | €793,437 | +€2,544 | +0.3% |
| Current assets | 29/58 | €211,254 | €174,863 | -€36,391 | -17.2% |
| Stocks and contracts in progress | 3 | - | €10,325 | +€10,325 | |
| Stocks | 30/36 | - | €10,325 | +€10,325 | |
| Amounts receivable within one year | 40/41 | €119,070 | €88,343 | -€30,727 | -25.8% |
| Trade receivables | 40 | €94,228 | €66,241 | -€27,987 | -29.7% |
| Other amounts receivable | 41 | €24,842 | €22,102 | -€2,740 | -11.0% |
| Cash at bank and in hand | 54/58 | €83,169 | €67,977 | -€15,192 | -18.3% |
| Deferred charges and accrued income | 490/1 | €9,015 | €8,218 | -€798 | -8.8% |
| Total equity and liabilities | 10/49 | €1,295,414 | €1,249,945 | -€45,469 | -3.5% |
| Equity | 10/15 | €142,961 | €345,475 | +€202,514 | +142% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €20,750 | €220,750 | +€200,000 | +964% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | - | €200,000 | +€200,000 | |
| Profit (loss) carried forward | 14 | €102,211 | €104,725 | +€2,514 | +2.5% |
| Amounts payable | 17/49 | €1,152,453 | €904,470 | -€247,983 | -21.5% |
| Amounts payable after more than one year | 17 | €354,539 | €340,257 | -€14,282 | -4.0% |
| Financial debts | 170/4 | €354,539 | €340,257 | -€14,282 | -4.0% |
| Amounts payable within one year | 42/48 | €771,316 | €544,264 | -€227,052 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €98,666 | €125,607 | +€26,942 | +27.3% |
| Trade debts | 44 | €422,652 | €264,708 | -€157,944 | -37.4% |
| Suppliers | 440/4 | €422,652 | €264,708 | -€157,944 | -37.4% |
| Taxes, remuneration and social security | 45 | €50,164 | €126,190 | +€76,026 | +152% |
| Taxes | 450/3 | €30,582 | €56,437 | +€25,854 | +84.5% |
| Remuneration and social security | 454/9 | €19,582 | €69,754 | +€50,172 | +256% |
| Other amounts payable | 47/48 | €199,835 | €27,759 | -€172,075 | -86.1% |
| Accrued charges and deferred income | 492/3 | €26,598 | €19,948 | -€6,649 | -25.0% |
| Remuneration, social security and pensions | 62 | €650,625 | €997,723 | +€347,098 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,428 | €180,948 | +€53,520 | +42.0% |
| Other operating charges | 640/8 | €13,730 | €11,225 | -€2,505 | -18.2% |
| Gross operating margin | 9900 | €1,062,695 | €1,448,591 | +€385,897 | +36.3% |
| Operating profit (loss) | 9901 | €270,911 | €258,695 | -€12,216 | -4.5% |
| Financial income | 75/76B | €119 | - | -€119 | |
| Recurring financial income | 75 | €119 | - | -€119 | |
| Financial charges | 65/66B | €31,761 | €36,181 | +€4,420 | +13.9% |
| Recurring financial charges | 65 | €31,761 | €36,181 | +€4,420 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €239,269 | €222,514 | -€16,755 | -7.0% |
| Income taxes | 67/77 | - | €20,000 | +€20,000 | |
| Profit (loss) for the period | 9904 | €239,269 | €202,514 | -€36,755 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €239,269 | €202,514 | -€36,755 | -15.4% |
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 28 October 2026 via checked.be.