MAISON DEMOULIN: 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 DEMOULIN
Largest movements
- Stocks and contracts +€29,072
up €29,072 (+11.8%), from €247,065 to €276,138
- Deferred charges and accrued income -€9,190
down €9,190 (-81.9%), from €11,216 to €2,026
- Receivables within one year +€7,086
up €7,086 (+32.5%), from €21,824 to €28,910
of which Other amounts receivable: +€18,948
- Cash -€4,039
down €4,039 (-5.6%), from €71,889 to €67,850
mainly Contributions, distributions and other (-€33,065) and Stocks and contracts (-€29,072)
- Short-term financial debts +€16,728
up €16,728, from €0 to €16,728
- Other debts +€11,955
up €11,955 (+42.2%), from €28,309 to €40,264
- Trade debts +€8,941
up €8,941 (+11.2%), from €79,884 to €88,825
- Accrued charges and deferred income -€6,213
down €6,213 (-28.1%), from €22,073 to €15,859
- Reserves -€5,569
down €5,569 (-3.5%), from €161,197 to €155,628
- Gross operating margin -€101,379
down €101,379 (-48.0%), from €211,262 to €109,883
- Taxes -€33,540
down €33,540 (-70.3%), from €47,734 to €14,193
- Staff costs +€14,962
up €14,962 (+32.3%), from €46,328 to €61,290
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 | €356,624 | €379,005 | +€22,380 | +6.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,629 | €4,081 | -€549 | -11.9% |
| Tangible fixed assets | 22/27 | €4,549 | €4,001 | -€549 | -12.1% |
| Plant, machinery and equipment | 23 | €993 | €747 | -€246 | -24.7% |
| Furniture and vehicles | 24 | €1,509 | €1,825 | +€315 | +20.9% |
| Other tangible fixed assets | 26 | €2,047 | €1,429 | -€618 | -30.2% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €351,995 | €374,924 | +€22,929 | +6.5% |
| Stocks and contracts in progress | 3 | €247,065 | €276,138 | +€29,072 | +11.8% |
| Stocks | 30/36 | €247,065 | €276,138 | +€29,072 | +11.8% |
| Amounts receivable within one year | 40/41 | €21,824 | €28,910 | +€7,086 | +32.5% |
| Trade receivables | 40 | €17,656 | €5,794 | -€11,862 | -67.2% |
| Other amounts receivable | 41 | €4,168 | €23,116 | +€18,948 | +455% |
| Cash at bank and in hand | 54/58 | €71,889 | €67,850 | -€4,039 | -5.6% |
| Deferred charges and accrued income | 490/1 | €11,216 | €2,026 | -€9,190 | -81.9% |
| Total equity and liabilities | 10/49 | €356,624 | €379,005 | +€22,380 | +6.3% |
| Equity | 10/15 | €186,197 | €180,628 | -€5,569 | -3.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €161,197 | €155,628 | -€5,569 | -3.5% |
| Distributable reserves | 133 | €161,197 | €155,628 | -€5,569 | -3.5% |
| Amounts payable | 17/49 | €170,427 | €198,376 | +€27,949 | +16.4% |
| Amounts payable within one year | 42/48 | €148,354 | €182,517 | +€34,163 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Financial debts | 43 | €0 | €16,728 | +€16,728 | |
| Credit institutions | 430/8 | €0 | €16,728 | +€16,728 | |
| Trade debts | 44 | €79,884 | €88,825 | +€8,941 | +11.2% |
| Suppliers | 440/4 | €79,884 | €88,825 | +€8,941 | +11.2% |
| Taxes, remuneration and social security | 45 | €40,161 | €36,700 | -€3,461 | -8.6% |
| Taxes | 450/3 | €34,068 | €28,792 | -€5,276 | -15.5% |
| Remuneration and social security | 454/9 | €6,093 | €7,908 | +€1,815 | +29.8% |
| Other amounts payable | 47/48 | €28,309 | €40,264 | +€11,955 | +42.2% |
| Accrued charges and deferred income | 492/3 | €22,073 | €15,859 | -€6,213 | -28.1% |
| Remuneration, social security and pensions | 62 | €46,328 | €61,290 | +€14,962 | +32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,279 | €1,390 | +€111 | +8.7% |
| Other operating charges | 640/8 | €954 | €851 | -€103 | -10.8% |
| Gross operating margin | 9900 | €211,262 | €109,883 | -€101,379 | -48.0% |
| Operating profit (loss) | 9901 | €162,702 | €46,353 | -€116,349 | -71.5% |
| Financial income | 75/76B | €57 | €283 | +€227 | +398% |
| Recurring financial income | 75 | €57 | €283 | +€227 | +398% |
| Financial charges | 65/66B | €5,718 | €4,947 | -€772 | -13.5% |
| Recurring financial charges | 65 | €5,718 | €4,947 | -€772 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €157,041 | €41,690 | -€115,351 | -73.5% |
| Income taxes | 67/77 | €47,734 | €14,193 | -€33,540 | -70.3% |
| Profit (loss) for the period | 9904 | €109,307 | €27,497 | -€81,811 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €109,307 | €27,497 | -€81,811 | -74.8% |
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 24 October 2026 via checked.be.