MAISON COURTAIN: 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 COURTAIN
Largest movements
- Tangible fixed assets +€288,319
up €288,319 (+25.4%), from €1.1m to €1.4m
of which Other tangible fixed assets: +€338,789
- Cash +€35,740
up €35,740 (+25.4%), from €140,788 to €176,528
mainly Debts after one year (+€213,998) and Depreciation (+€105,629)
- Stocks and contracts +€17,284
up €17,284 (+56.8%), from €30,428 to €47,712
- Debts after one year +€213,998
up €213,998 (+26.3%), from €812,524 to €1.0m
of which Financial debts: +€222,695
- Reserves +€95,000
up €95,000 (+45.1%), from €210,454 to €305,454
of which Distributable reserves: +€95,000
- Current portion of long-term debt +€28,858
up €28,858 (+28.7%), from €100,687 to €129,545
- Gross operating margin +€181,849
up €181,849 (+31.3%), from €580,501 to €762,350
- Staff costs +€111,516
up €111,516 (+30.3%), from €368,125 to €479,640
- Financial charges +€10,932
up €10,932 (+34.9%), from €31,347 to €42,279
of which Financial charges: +€11,389
- Depreciation +€9,856
up €9,856 (+10.3%), from €95,774 to €105,629
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 | €1,359,260 | €1,703,767 | +€344,506 | +25.3% |
| Fixed assets | 21/28 | €1,136,959 | €1,425,278 | +€288,319 | +25.4% |
| Tangible fixed assets | 22/27 | €1,135,764 | €1,424,083 | +€288,319 | +25.4% |
| Land and buildings | 22 | €1,088,043 | €1,016,446 | -€71,596 | -6.6% |
| Plant, machinery and equipment | 23 | €47,721 | €68,848 | +€21,127 | +44.3% |
| Other tangible fixed assets | 26 | - | €338,789 | +€338,789 | |
| Financial fixed assets | 28 | €1,196 | €1,196 | = | 0.0% |
| Current assets | 29/58 | €222,301 | €278,488 | +€56,187 | +25.3% |
| Amounts receivable after more than one year | 29 | €17,250 | €11,749 | -€5,501 | -31.9% |
| Other amounts receivable | 291 | €17,250 | €11,749 | -€5,501 | -31.9% |
| Stocks and contracts in progress | 3 | €30,428 | €47,712 | +€17,284 | +56.8% |
| Stocks | 30/36 | €30,428 | €47,712 | +€17,284 | +56.8% |
| Amounts receivable within one year | 40/41 | €33,197 | €41,015 | +€7,818 | +23.6% |
| Trade receivables | 40 | €31,335 | €36,065 | +€4,730 | +15.1% |
| Other amounts receivable | 41 | €1,861 | €4,949 | +€3,088 | +166% |
| Cash at bank and in hand | 54/58 | €140,788 | €176,528 | +€35,740 | +25.4% |
| Deferred charges and accrued income | 490/1 | €638 | €1,484 | +€846 | +133% |
| Total equity and liabilities | 10/49 | €1,359,260 | €1,703,767 | +€344,506 | +25.3% |
| Equity | 10/15 | €284,854 | €380,010 | +€95,156 | +33.4% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Capital | 10 | €74,400 | €74,400 | = | 0.0% |
| Issued capital | 100 | €74,400 | €74,400 | = | 0.0% |
| Reserves | 13 | €210,454 | €305,454 | +€95,000 | +45.1% |
| Non-distributable reserves | 130/1 | €7,440 | €7,440 | = | 0.0% |
| Legal reserve | 130 | €7,440 | €7,440 | = | 0.0% |
| Distributable reserves | 133 | €203,014 | €298,014 | +€95,000 | +46.8% |
| Profit (loss) carried forward | 14 | €0 | €156 | +€156 | +1,555,800% |
| Amounts payable | 17/49 | €1,074,406 | €1,323,757 | +€249,351 | +23.2% |
| Amounts payable after more than one year | 17 | €812,524 | €1,026,522 | +€213,998 | +26.3% |
| Financial debts | 170/4 | €656,721 | €879,415 | +€222,695 | +33.9% |
| Other amounts payable | 178/9 | €155,803 | €147,107 | -€8,696 | -5.6% |
| Amounts payable within one year | 42/48 | €261,882 | €297,235 | +€35,353 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €100,687 | €129,545 | +€28,858 | +28.7% |
| Trade debts | 44 | €96,287 | €96,012 | -€276 | -0.3% |
| Suppliers | 440/4 | €85,260 | €84,984 | -€276 | -0.3% |
| Bills of exchange payable | 441 | €11,028 | €11,028 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €64,411 | €71,629 | +€7,218 | +11.2% |
| Taxes | 450/3 | €15,057 | €14,199 | -€858 | -5.7% |
| Remuneration and social security | 454/9 | €49,355 | €57,430 | +€8,076 | +16.4% |
| Other amounts payable | 47/48 | €496 | €49 | -€447 | -90.1% |
| Remuneration, social security and pensions | 62 | €368,125 | €479,640 | +€111,516 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,774 | €105,629 | +€9,856 | +10.3% |
| Other operating charges | 640/8 | €7,132 | €14,630 | +€7,498 | +105% |
| Gross operating margin | 9900 | €580,501 | €762,350 | +€181,849 | +31.3% |
| Operating profit (loss) | 9901 | €109,470 | €162,450 | +€52,980 | +48.4% |
| Financial income | 75/76B | €918 | €2,083 | +€1,165 | +127% |
| Recurring financial income | 75 | €918 | €2,083 | +€1,165 | +127% |
| Financial charges | 65/66B | €31,347 | €42,279 | +€10,932 | +34.9% |
| Recurring financial charges | 65 | €30,890 | €42,279 | +€11,389 | +36.9% |
| Non-recurring financial charges | 66B | €458 | - | -€458 | |
| Profit (loss) for the period before taxes | 9903 | €79,040 | €122,253 | +€43,213 | +54.7% |
| Income taxes | 67/77 | €22,258 | €27,098 | +€4,840 | +21.7% |
| Profit (loss) for the period | 9904 | €56,783 | €95,156 | +€38,373 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,783 | €95,156 | +€38,373 | +67.6% |
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 23 October 2026 via checked.be.