Maison COURTOIS: 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.
What changed
Maison COURTOIS
NACE 47.761, Retail sale of flowers, plants, seeds and fertilisers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€17,112
2024 · €53,028-€35,916
Equity
€330,899
2024 · €344,523-€13,624
Cash
€21,139
2024 · €22,172-€1,033
Balance sheet total
€643,053
2024 · €611,681+€31,372
Largest movements
Assets
- Receivables within one year +€23,707
up €23,707 (+18.1%), from €131,158 to €154,865
of which Trade receivables: +€15,876
- Tangible fixed assets +€8,914
up €8,914 (+47.6%), from €18,723 to €27,637
of which Furniture and vehicles: +€9,333
Equity and liabilities
- Reserves -€30,736
down €30,736 (-16.2%), from €190,110 to €159,374
of which Distributable reserves: -€30,736
- Trade debts +€25,145
up €25,145 (+21.4%), from €117,574 to €142,719
- Other debts +€18,456
new in 2025: €18,456
- Profit (loss) carried forward +€17,112
up €17,112 (+12.0%), from €142,018 to €159,130
Income statement
- Gross operating margin -€43,325
down €43,325 (-23.4%), from €185,476 to €142,151
- Taxes -€9,191
down €9,191 (-68.9%), from €13,337 to €4,146
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.
Result 2024
€53,028
Gross operating margin
-€43,325
Staff costs
-€904
Depreciation
-€1,247
Write-downs
+€166
Other operating charges
-€117
Other operating items
+€1,395
Financial income
+€234
Financial charges
-€1,309
Taxes
+€9,191
Result 2025
€17,112
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€42,110
Investment
-€16,206
Financing
-€26,937
Cash 2024
€22,172
From operations (derived)
+€42,110
Net result for the year
+€17,112
Depreciation
+€3,738
Stocks and contracts
+€5,961
Receivables within one year
-€23,707
Deferred charges and accrued income
-€2,191
Trade debts
+€25,145
Tax, wage and social debts
-€2,404
Other debts
+€18,456
Investment (derived)
-€16,206
Investment in fixed assets (net)
-€16,206
Financing
-€26,937
Debts after one year
+€2,682
Current portion of long-term debt
+€1,117
Contributions, distributions and other
-€30,736
Cash 2025
€21,139
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €611,681 | €643,053 | +€31,372 | +5.1% |
| Fixed assets | 21/28 | €21,129 | €33,597 | +€12,468 | +59.0% |
| Intangible fixed assets | 21 | - | €3,082 | +€3,082 | |
| Tangible fixed assets | 22/27 | €18,723 | €27,637 | +€8,914 | +47.6% |
| Land and buildings | 22 | €11,155 | €11,155 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,463 | €6,544 | +€3,081 | +89.0% |
| Furniture and vehicles | 24 | €605 | €9,938 | +€9,333 | +1,543% |
| Assets under construction and advance payments | 27 | €3,500 | - | -€3,500 | |
| Financial fixed assets | 28 | €2,406 | €2,878 | +€472 | +19.6% |
| Current assets | 29/58 | €590,552 | €609,456 | +€18,904 | +3.2% |
| Stocks and contracts in progress | 3 | €433,591 | €427,630 | -€5,961 | -1.4% |
| Stocks | 30/36 | €433,591 | €427,630 | -€5,961 | -1.4% |
| Amounts receivable within one year | 40/41 | €131,158 | €154,865 | +€23,707 | +18.1% |
| Trade receivables | 40 | €130,841 | €146,717 | +€15,876 | +12.1% |
| Other amounts receivable | 41 | €317 | €8,148 | +€7,831 | +2,470% |
| Cash at bank and in hand | 54/58 | €22,172 | €21,139 | -€1,033 | -4.7% |
| Deferred charges and accrued income | 490/1 | €3,631 | €5,822 | +€2,191 | +60.3% |
| Total equity and liabilities | 10/49 | €611,681 | €643,053 | +€31,372 | +5.1% |
| Equity | 10/15 | €344,523 | €330,899 | -€13,624 | -4.0% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €190,110 | €159,374 | -€30,736 | -16.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €188,251 | €157,515 | -€30,736 | -16.3% |
| Profit (loss) carried forward | 14 | €142,018 | €159,130 | +€17,112 | +12.0% |
| Amounts payable | 17/49 | €267,158 | €312,154 | +€44,996 | +16.8% |
| Amounts payable after more than one year | 17 | €4,364 | €7,046 | +€2,682 | +61.5% |
| Financial debts | 170/4 | €4,364 | €7,046 | +€2,682 | +61.5% |
| Amounts payable within one year | 42/48 | €262,794 | €305,108 | +€42,314 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €6,489 | €7,606 | +€1,117 | +17.2% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €117,574 | €142,719 | +€25,145 | +21.4% |
| Suppliers | 440/4 | €117,574 | €142,719 | +€25,145 | +21.4% |
| Taxes, remuneration and social security | 45 | €38,731 | €36,327 | -€2,404 | -6.2% |
| Taxes | 450/3 | €23,852 | €16,081 | -€7,771 | -32.6% |
| Remuneration and social security | 454/9 | €14,879 | €20,246 | +€5,367 | +36.1% |
| Other amounts payable | 47/48 | - | €18,456 | +€18,456 | |
| Remuneration, social security and pensions | 62 | €107,775 | €108,679 | +€904 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,491 | €3,738 | +€1,247 | +50.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€17 | -€183 | -€166 | -976% |
| Other operating charges | 640/8 | €1,450 | €1,567 | +€117 | +8.1% |
| Non-recurring operating charges | 66A | €1,395 | - | -€1,395 | |
| Gross operating margin | 9900 | €185,476 | €142,151 | -€43,325 | -23.4% |
| Operating profit (loss) | 9901 | €72,382 | €28,350 | -€44,032 | -60.8% |
| Financial income | 75/76B | €1,368 | €1,602 | +€234 | +17.1% |
| Recurring financial income | 75 | €1,368 | €1,602 | +€234 | +17.1% |
| Financial charges | 65/66B | €7,385 | €8,694 | +€1,309 | +17.7% |
| Recurring financial charges | 65 | €7,385 | €8,694 | +€1,309 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €66,365 | €21,258 | -€45,107 | -68.0% |
| Income taxes | 67/77 | €13,337 | €4,146 | -€9,191 | -68.9% |
| Profit (loss) for the period | 9904 | €53,028 | €17,112 | -€35,916 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,028 | €17,112 | -€35,916 | -67.7% |
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 30 October 2026 via checked.be.