MAISON DEMEULEMEESTER: 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 DEMEULEMEESTER
Largest movements
- Cash +€51,901
up €51,901 (+54.4%), from €95,324 to €147,225
mainly Trade debts (+€89,213) and Depreciation (+€53,665)
- Stocks and contracts +€43,339
up €43,339 (+638%), from €6,790 to €50,129
- Tangible fixed assets -€35,767
down €35,767 (-10.0%), from €355,937 to €320,170
of which Furniture and vehicles: -€29,127
- Receivables within one year +€12,479
up €12,479 (+18.3%), from €68,048 to €80,527
of which Trade receivables: +€9,420
- Trade debts +€89,213
up €89,213 (+126%), from €70,531 to €159,744
- Debts after one year -€45,675
down €45,675 (-21.3%), from €214,812 to €169,138
of which Financial debts: -€44,275
- Reserves +€24,003
up €24,003 (+16.2%), from €148,463 to €172,467
of which Distributable reserves: +€24,003
- Other debts +€8,397
up €8,397 (+1,069%), from €786 to €9,183
- Current portion of long-term debt -€7,603
down €7,603 (-13.8%), from €54,922 to €47,319
- Gross operating margin +€117,539
up €117,539 (+38.9%), from €301,972 to €419,511
- Staff costs +€65,314
up €65,314 (+26.7%), from €245,036 to €310,350
- Financial income -€25,637
down €25,637 (-99.9%), from €25,663 to €27
- Taxes +€13,915
up €13,915 (+748%), from €1,859 to €15,774
- Depreciation +€12,202
up €12,202 (+29.4%), from €41,463 to €53,665
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 | €535,274 | €601,654 | +€66,379 | +12.4% |
| Fixed assets | 21/28 | €356,087 | €320,320 | -€35,767 | -10.0% |
| Tangible fixed assets | 22/27 | €355,937 | €320,170 | -€35,767 | -10.0% |
| Land and buildings | 22 | €207,045 | €194,545 | -€12,500 | -6.0% |
| Plant, machinery and equipment | 23 | €15,907 | €21,768 | +€5,861 | +36.8% |
| Furniture and vehicles | 24 | €132,985 | €103,857 | -€29,127 | -21.9% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €179,187 | €281,334 | +€102,146 | +57.0% |
| Stocks and contracts in progress | 3 | €6,790 | €50,129 | +€43,339 | +638% |
| Stocks | 30/36 | €6,790 | €50,129 | +€43,339 | +638% |
| Amounts receivable within one year | 40/41 | €68,048 | €80,527 | +€12,479 | +18.3% |
| Trade receivables | 40 | €67,617 | €77,037 | +€9,420 | +13.9% |
| Other amounts receivable | 41 | €431 | €3,490 | +€3,059 | +710% |
| Cash at bank and in hand | 54/58 | €95,324 | €147,225 | +€51,901 | +54.4% |
| Deferred charges and accrued income | 490/1 | €9,025 | €3,453 | -€5,572 | -61.7% |
| Total equity and liabilities | 10/49 | €535,274 | €601,654 | +€66,379 | +12.4% |
| Equity | 10/15 | €167,063 | €191,067 | +€24,003 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €148,463 | €172,467 | +€24,003 | +16.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €146,603 | €170,607 | +€24,003 | +16.4% |
| Amounts payable | 17/49 | €368,211 | €410,587 | +€42,376 | +11.5% |
| Amounts payable after more than one year | 17 | €214,812 | €169,138 | -€45,675 | -21.3% |
| Financial debts | 170/4 | €207,818 | €163,543 | -€44,275 | -21.3% |
| Advances received on contracts in progress | 176 | €6,995 | €5,595 | -€1,400 | -20.0% |
| Amounts payable within one year | 42/48 | €150,165 | €241,449 | +€91,284 | +60.8% |
| Current portion of amounts payable after more than one year | 42 | €54,922 | €47,319 | -€7,603 | -13.8% |
| Trade debts | 44 | €70,531 | €159,744 | +€89,213 | +126% |
| Suppliers | 440/4 | €70,531 | €159,744 | +€89,213 | +126% |
| Taxes, remuneration and social security | 45 | €23,926 | €25,204 | +€1,277 | +5.3% |
| Taxes | 450/3 | €9,933 | €9,933 | = | 0.0% |
| Remuneration and social security | 454/9 | €13,993 | €15,270 | +€1,277 | +9.1% |
| Other amounts payable | 47/48 | €786 | €9,183 | +€8,397 | +1,069% |
| Accrued charges and deferred income | 492/3 | €3,234 | - | -€3,234 | |
| Remuneration, social security and pensions | 62 | €245,036 | €310,350 | +€65,314 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,463 | €53,665 | +€12,202 | +29.4% |
| Other operating charges | 640/8 | €6,944 | €3,465 | -€3,479 | -50.1% |
| Gross operating margin | 9900 | €301,972 | €419,511 | +€117,539 | +38.9% |
| Operating profit (loss) | 9901 | €8,529 | €52,031 | +€43,502 | +510% |
| Financial income | 75/76B | €25,663 | €27 | -€25,637 | -99.9% |
| Recurring financial income | 75 | €25,663 | €27 | -€25,637 | -99.9% |
| Financial charges | 65/66B | €12,183 | €12,280 | +€97 | +0.8% |
| Recurring financial charges | 65 | €10,994 | €12,280 | +€1,286 | +11.7% |
| Non-recurring financial charges | 66B | €1,189 | - | -€1,189 | |
| Profit (loss) for the period before taxes | 9903 | €22,009 | €39,778 | +€17,769 | +80.7% |
| Income taxes | 67/77 | €1,859 | €15,774 | +€13,915 | +748% |
| Profit (loss) for the period | 9904 | €20,150 | €24,003 | +€3,853 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,150 | €24,003 | +€3,853 | +19.1% |
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 27 October 2026 via checked.be.