Maison Cheikh: 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 Cheikh
Largest movements
- Receivables within one year -€29,702
down €29,702 (-36.7%), from €80,896 to €51,194
of which Trade receivables: -€40,747
- Cash +€12,236
up €12,236 (+131%), from €9,308 to €21,545
mainly Net result for the year (+€33,184) and Receivables within one year (+€29,702)
- Tangible fixed assets -€11,111
down €11,111 (-16.0%), from €69,243 to €58,132
of which Furniture and vehicles: -€17,885
- Stocks and contracts -€3,518
down €3,518 (-12.4%), from €28,283 to €24,765
- Trade debts -€61,253
down €61,253 (-47.8%), from €128,271 to €67,018
- Profit (loss) carried forward +€33,184
up €33,184 (+256%), from €12,957 to €46,141
- Tax, wage and social debts -€5,926
down €5,926 (-13.1%), from €45,400 to €39,475
of which Remuneration and social security: -€3,584
- Gross operating margin +€44,403
up €44,403 (+39.9%), from €111,398 to €155,800
- Staff costs -€20,366
down €20,366 (-18.3%), from €111,510 to €91,144
- Taxes +€2,487
up €2,487 (+496%), from €502 to €2,989
- Depreciation +€2,265
up €2,265 (+12.0%), from €18,881 to €21,147
- Financial income +€2,134
up €2,134 (+1,573%), from €136 to €2,270
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 | €191,628 | €158,278 | -€33,350 | -17.4% |
| Fixed assets | 21/28 | €69,636 | €58,884 | -€10,752 | -15.4% |
| Tangible fixed assets | 22/27 | €69,243 | €58,132 | -€11,111 | -16.0% |
| Furniture and vehicles | 24 | €63,459 | €45,574 | -€17,885 | -28.2% |
| Other tangible fixed assets | 26 | - | €12,558 | +€12,558 | |
| Assets under construction and advance payments | 27 | €5,784 | - | -€5,784 | |
| Financial fixed assets | 28 | €393 | €752 | +€359 | +91.3% |
| Current assets | 29/58 | €121,992 | €99,394 | -€22,598 | -18.5% |
| Stocks and contracts in progress | 3 | €28,283 | €24,765 | -€3,518 | -12.4% |
| Stocks | 30/36 | €28,283 | €24,765 | -€3,518 | -12.4% |
| Amounts receivable within one year | 40/41 | €80,896 | €51,194 | -€29,702 | -36.7% |
| Trade receivables | 40 | €74,814 | €34,067 | -€40,747 | -54.5% |
| Other amounts receivable | 41 | €6,083 | €17,127 | +€11,045 | +182% |
| Cash at bank and in hand | 54/58 | €9,308 | €21,545 | +€12,236 | +131% |
| Deferred charges and accrued income | 490/1 | €3,505 | €1,891 | -€1,614 | -46.1% |
| Total equity and liabilities | 10/49 | €191,628 | €158,278 | -€33,350 | -17.4% |
| Equity | 10/15 | €17,957 | €51,141 | +€33,184 | +185% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,957 | €46,141 | +€33,184 | +256% |
| Amounts payable | 17/49 | €173,671 | €107,137 | -€66,534 | -38.3% |
| Amounts payable within one year | 42/48 | €173,671 | €106,492 | -€67,179 | -38.7% |
| Trade debts | 44 | €128,271 | €67,018 | -€61,253 | -47.8% |
| Suppliers | 440/4 | €128,271 | €67,018 | -€61,253 | -47.8% |
| Taxes, remuneration and social security | 45 | €45,400 | €39,475 | -€5,926 | -13.1% |
| Taxes | 450/3 | €15,132 | €12,790 | -€2,342 | -15.5% |
| Remuneration and social security | 454/9 | €30,268 | €26,685 | -€3,584 | -11.8% |
| Accrued charges and deferred income | 492/3 | - | €645 | +€645 | |
| Remuneration, social security and pensions | 62 | €111,510 | €91,144 | -€20,366 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,881 | €21,147 | +€2,265 | +12.0% |
| Other operating charges | 640/8 | €1,997 | €3,227 | +€1,231 | +61.6% |
| Gross operating margin | 9900 | €111,398 | €155,800 | +€44,403 | +39.9% |
| Operating profit (loss) | 9901 | -€20,990 | €40,283 | +€61,273 | |
| Financial income | 75/76B | €136 | €2,270 | +€2,134 | +1,573% |
| Recurring financial income | 75 | €136 | €2,270 | +€2,134 | +1,573% |
| Financial charges | 65/66B | €6,187 | €6,380 | +€192 | +3.1% |
| Recurring financial charges | 65 | €6,187 | €6,380 | +€192 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€27,041 | €36,173 | +€63,215 | |
| Income taxes | 67/77 | €502 | €2,989 | +€2,487 | +496% |
| Profit (loss) for the period | 9904 | -€27,543 | €33,184 | +€60,727 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,543 | €33,184 | +€60,727 |
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 16 October 2026 via checked.be.