MAISON DAVID: what changed
Two fiscal 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 DAVID
Largest movements
- Stocks and contracts -€142,921
down €142,921 (-22.1%), from €646,086 to €503,165
- Receivables within one year +€37,544
up €37,544 (+259.2%), from €14,486 to €52,030
of which Trade receivables: +€41,743
- Cash +€24,058
new in 2025: €24,058
mainly Stocks and contracts (+€142,921) and Trade debts (+€68,538)
- Other debts -€140,880
down €140,880 (-55.1%), from €255,646 to €114,766
- Debts after one year -€127,525
down €127,525 (-34.2%), from €372,547 to €245,022
- Trade debts +€68,538
up €68,538 (+359.8%), from €19,047 to €87,586
- Profit (loss) carried forward +€66,050
up €66,050, from -€24,179 to €41,871
- Tax, wage and social debts +€62,535
up €62,535 (+1999.7%), from €3,127 to €65,662
of which Taxes: +€61,173
- Gross operating margin +€90,146
up €90,146 (+573.1%), from €15,729 to €105,874
- Staff costs +€6,245
up €6,245 (+1218.9%), from €512 to €6,758
- Taxes +€4,761
new in 2025: €4,761
- Other operating charges +€4,390
up €4,390 (+201.4%), from €2,180 to €6,569
- Financial charges +€1,092
up €1,092 (+5.4%), from €20,333 to €21,425
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.
Cash bridge derived
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 | €660,745 | €585,094 | -€75,651 | -11.4% |
| Fixed assets | 21/28 | €173 | €2,225 | +€2,052 | +1186.0% |
| Tangible fixed assets | 22/27 | €173 | €2,225 | +€2,052 | +1186.0% |
| Plant, machinery and equipment | 23 | €173 | €0 | -€173 | -100.0% |
| Furniture and vehicles | 24 | - | €2,225 | +€2,225 | |
| Current assets | 29/58 | €660,572 | €582,869 | -€77,703 | -11.8% |
| Stocks and contracts in progress | 3 | €646,086 | €503,165 | -€142,921 | -22.1% |
| Stocks | 30/36 | €646,086 | €503,165 | -€142,921 | -22.1% |
| Amounts receivable within one year | 40/41 | €14,486 | €52,030 | +€37,544 | +259.2% |
| Trade receivables | 40 | €10,287 | €52,030 | +€41,743 | +405.8% |
| Other amounts receivable | 41 | €4,199 | €0 | -€4,199 | -100.0% |
| Cash at bank and in hand | 54/58 | - | €24,058 | +€24,058 | |
| Deferred charges and accrued income | 490/1 | - | €3,616 | +€3,616 | |
| Total equity and liabilities | 10/49 | €660,745 | €585,094 | -€75,651 | -11.4% |
| Equity | 10/15 | -€4,179 | €61,871 | +€66,050 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,179 | €41,871 | +€66,050 | |
| Amounts payable | 17/49 | €664,924 | €523,223 | -€141,702 | -21.3% |
| Amounts payable after more than one year | 17 | €372,547 | €245,022 | -€127,525 | -34.2% |
| Financial debts | 170/4 | €372,547 | €245,022 | -€127,525 | -34.2% |
| Amounts payable within one year | 42/48 | €292,377 | €278,200 | -€14,177 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €9,710 | €10,187 | +€477 | +4.9% |
| Financial debts | 43 | €4,846 | - | -€4,846 | |
| Credit institutions | 430/8 | €4,846 | - | -€4,846 | |
| Trade debts | 44 | €19,047 | €87,586 | +€68,538 | +359.8% |
| Suppliers | 440/4 | €19,047 | €87,586 | +€68,538 | +359.8% |
| Taxes, remuneration and social security | 45 | €3,127 | €65,662 | +€62,535 | +1999.7% |
| Taxes | 450/3 | €3,127 | €64,300 | +€61,173 | +1956.1% |
| Remuneration and social security | 454/9 | - | €1,362 | +€1,362 | |
| Other amounts payable | 47/48 | €255,646 | €114,766 | -€140,880 | -55.1% |
| Remuneration, social security and pensions | 62 | €512 | €6,758 | +€6,245 | +1218.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €339 | €288 | -€50 | -14.8% |
| Other operating charges | 640/8 | €2,180 | €6,569 | +€4,390 | +201.4% |
| Non-recurring operating charges | 66A | - | €108 | +€108 | |
| Gross operating margin | 9900 | €15,729 | €105,874 | +€90,146 | +573.1% |
| Operating profit (loss) | 9901 | €12,698 | €92,151 | +€79,453 | +625.7% |
| Financial income | 75/76B | €22 | €85 | +€63 | +282.5% |
| Recurring financial income | 75 | €22 | €85 | +€63 | +282.5% |
| Financial charges | 65/66B | €20,333 | €21,425 | +€1,092 | +5.4% |
| Recurring financial charges | 65 | €20,333 | €21,425 | +€1,092 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,613 | €70,811 | +€78,424 | |
| Income taxes | 67/77 | - | €4,761 | +€4,761 | |
| Profit (loss) for the period | 9904 | -€7,613 | €66,050 | +€73,663 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,613 | €66,050 | +€73,663 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.