MAISON DULLAERS: what changed
MAISON DULLAERS
Largest movements
- Receivables within one year +€2.3m
up €2.3m (+295%), from €780,474 to €3.1m
of which Other amounts receivable: +€2.5m
- Stocks and contracts +€1.0m
up €1.0m (+301%), from €338,697 to €1.4m
- Tangible fixed assets +€856,326
up €856,326 (+65.4%), from €1.3m to €2.2m
of which Land and buildings: +€443,849
- Cash -€338,910
down €338,910 (-88.7%), from €381,935 to €43,025
mainly Receivables within one year (-€2.3m) and Stocks and contracts (-€1.0m)
- Debts after one year +€2.3m
up €2.3m (+4,841%), from €47,447 to €2.3m
- Trade debts +€1.5m
up €1.5m (+2,466%), from €59,096 to €1.5m
- Current portion of long-term debt +€138,846
up €138,846 (+203%), from €68,362 to €207,208
- Tax, wage and social debts -€88,209
down €88,209 (-53.2%), from €165,776 to €77,567
of which Remuneration and social security: -€165,776
- Profit (loss) carried forward +€70,508
up €70,508 (+10.8%), from €650,203 to €720,712
- Gross operating margin +€146,106
up €146,106 (+19.9%), from €733,051 to €879,157
- Financial charges +€73,039
up €73,039 (+952%), from €7,673 to €80,711
- Depreciation +€62,887
up €62,887 (+96.2%), from €65,401 to €128,287
- Staff costs +€33,993
up €33,993 (+6.6%), from €518,820 to €552,813
- Taxes -€13,543
down €13,543 (-47.5%), from €28,510 to €14,967
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,854,370 | €6,722,533 | +€3.9m | +136% |
| Fixed assets | 21/28 | €1,312,356 | €2,165,582 | +€853,226 | +65.0% |
| Tangible fixed assets | 22/27 | €1,309,256 | €2,165,582 | +€856,326 | +65.4% |
| Land and buildings | 22 | €1,138,419 | €1,582,269 | +€443,849 | +39.0% |
| Plant, machinery and equipment | 23 | €152,456 | €502,714 | +€350,258 | +230% |
| Furniture and vehicles | 24 | €18,381 | €80,599 | +€62,218 | +338% |
| Financial fixed assets | 28 | €3,100 | - | -€3,100 | |
| Current assets | 29/58 | €1,542,014 | €4,556,951 | +€3.0m | +196% |
| Amounts receivable after more than one year | 29 | €40,527 | €26,515 | -€14,012 | -34.6% |
| Trade receivables | 290 | €40,527 | - | -€40,527 | |
| Other amounts receivable | 291 | - | €26,515 | +€26,515 | |
| Stocks and contracts in progress | 3 | €338,697 | €1,359,594 | +€1.0m | +301% |
| Stocks | 30/36 | €338,697 | €1,359,594 | +€1.0m | +301% |
| Amounts receivable within one year | 40/41 | €780,474 | €3,086,215 | +€2.3m | +295% |
| Trade receivables | 40 | €208,425 | €10,146 | -€198,279 | -95.1% |
| Other amounts receivable | 41 | €572,048 | €3,076,069 | +€2.5m | +438% |
| Cash at bank and in hand | 54/58 | €381,935 | €43,025 | -€338,910 | -88.7% |
| Deferred charges and accrued income | 490/1 | €382 | €41,603 | +€41,221 | +10,792% |
| Total equity and liabilities | 10/49 | €2,854,370 | €6,722,533 | +€3.9m | +136% |
| Equity | 10/15 | €2,506,118 | €2,576,627 | +€70,508 | +2.8% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Capital | 10 | €110,000 | €110,000 | = | 0.0% |
| Issued capital | 100 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €1,745,915 | €1,745,915 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,000 | €11,000 | = | 0.0% |
| Legal reserve | 130 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €1,734,915 | €1,734,915 | = | 0.0% |
| Profit (loss) carried forward | 14 | €650,203 | €720,712 | +€70,508 | +10.8% |
| Amounts payable | 17/49 | €348,251 | €4,145,907 | +€3.8m | +1,090% |
| Amounts payable after more than one year | 17 | €47,447 | €2,344,296 | +€2.3m | +4,841% |
| Financial debts | 170/4 | €47,447 | €2,344,296 | +€2.3m | +4,841% |
| Amounts payable within one year | 42/48 | €300,805 | €1,801,611 | +€1.5m | +499% |
| Current portion of amounts payable after more than one year | 42 | €68,362 | €207,208 | +€138,846 | +203% |
| Trade debts | 44 | €59,096 | €1,516,537 | +€1.5m | +2,466% |
| Suppliers | 440/4 | €59,096 | €1,516,537 | +€1.5m | +2,466% |
| Advances received on contracts in progress | 46 | €330 | €299 | -€31 | -9.4% |
| Taxes, remuneration and social security | 45 | €165,776 | €77,567 | -€88,209 | -53.2% |
| Taxes | 450/3 | - | €77,567 | +€77,567 | |
| Remuneration and social security | 454/9 | €165,776 | - | -€165,776 | |
| Other amounts payable | 47/48 | €7,240 | - | -€7,240 | |
| Remuneration, social security and pensions | 62 | €518,820 | €552,813 | +€33,993 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,401 | €128,287 | +€62,887 | +96.2% |
| Other operating charges | 640/8 | €41,627 | €38,613 | -€3,014 | -7.2% |
| Gross operating margin | 9900 | €733,051 | €879,157 | +€146,106 | +19.9% |
| Operating profit (loss) | 9901 | €107,204 | €159,444 | +€52,241 | +48.7% |
| Financial income | 75/76B | €18,884 | €6,742 | -€12,142 | -64.3% |
| Recurring financial income | 75 | €18,884 | €6,742 | -€12,142 | -64.3% |
| Financial charges | 65/66B | €7,673 | €80,711 | +€73,039 | +952% |
| Recurring financial charges | 65 | €7,673 | €80,711 | +€73,039 | +952% |
| Profit (loss) for the period before taxes | 9903 | €118,415 | €85,475 | -€32,940 | -27.8% |
| Income taxes | 67/77 | €28,510 | €14,967 | -€13,543 | -47.5% |
| Profit (loss) for the period | 9904 | €89,905 | €70,508 | -€19,397 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €89,905 | €70,508 | -€19,397 | -21.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.