MAISON FRERES: 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 FRERES
Largest movements
- Receivables within one year -€22,440
down €22,440 (-36.2%), from €61,938 to €39,498
of which Trade receivables: -€36,665
- Tangible fixed assets -€12,445
down €12,445 (-32.0%), from €38,925 to €26,480
of which Other tangible fixed assets: -€7,152
- Short-term financial debts -€26,582
down €26,582 (-26.1%), from €101,996 to €75,414
- Trade debts -€23,948
down €23,948 (-58.8%), from €40,719 to €16,771
- Profit (loss) carried forward +€12,680
up €12,680 (+5.1%), from -€248,163 to -€235,483
- Gross operating margin +€72,799
up €72,799, from -€12,729 to €60,070
- Staff costs +€1,809
up €1,809 (+217%), from €832 to €2,641
- Depreciation +€1,616
up €1,616 (+12.6%), from €12,798 to €14,414
- Financial charges -€1,124
down €1,124 (-5.8%), from €19,327 to €18,203
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €229,185 | €192,436 | -€36,749 | -16.0% |
| Fixed assets | 21/28 | €39,925 | €27,480 | -€12,445 | -31.2% |
| Tangible fixed assets | 22/27 | €38,925 | €26,480 | -€12,445 | -32.0% |
| Plant, machinery and equipment | 23 | €1,620 | €1,724 | +€104 | +6.4% |
| Furniture and vehicles | 24 | €15,848 | €10,451 | -€5,397 | -34.1% |
| Other tangible fixed assets | 26 | €21,457 | €14,305 | -€7,152 | -33.3% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €189,260 | €164,956 | -€24,304 | -12.8% |
| Stocks and contracts in progress | 3 | €63,100 | €61,590 | -€1,510 | -2.4% |
| Stocks | 30/36 | €63,100 | €61,590 | -€1,510 | -2.4% |
| Amounts receivable within one year | 40/41 | €61,938 | €39,498 | -€22,440 | -36.2% |
| Trade receivables | 40 | €55,058 | €18,393 | -€36,665 | -66.6% |
| Other amounts receivable | 41 | €6,880 | €21,105 | +€14,225 | +207% |
| Deferred charges and accrued income | 490/1 | €64,222 | €63,868 | -€354 | -0.6% |
| Total equity and liabilities | 10/49 | €229,185 | €192,436 | -€36,749 | -16.0% |
| Equity | 10/15 | -€49,144 | -€36,464 | +€12,680 | +25.8% |
| Contributions | 10/11 | €193,600 | €193,600 | = | 0.0% |
| Capital | 10 | €193,600 | €193,600 | = | 0.0% |
| Issued capital | 100 | €193,600 | €193,600 | = | 0.0% |
| Reserves | 13 | €5,419 | €5,419 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €3,560 | €3,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€248,163 | -€235,483 | +€12,680 | +5.1% |
| Amounts payable | 17/49 | €278,329 | €228,900 | -€49,429 | -17.8% |
| Amounts payable after more than one year | 17 | €600 | €600 | = | 0.0% |
| Other amounts payable | 178/9 | €600 | €600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €277,729 | €227,550 | -€50,179 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €125,000 | €125,000 | = | 0.0% |
| Financial debts | 43 | €101,996 | €75,414 | -€26,582 | -26.1% |
| Credit institutions | 430/8 | €101,996 | €75,414 | -€26,582 | -26.1% |
| Trade debts | 44 | €40,719 | €16,771 | -€23,948 | -58.8% |
| Suppliers | 440/4 | €40,719 | €16,771 | -€23,948 | -58.8% |
| Taxes, remuneration and social security | 45 | €9,527 | €10,365 | +€837 | +8.8% |
| Taxes | 450/3 | €9,527 | €10,365 | +€837 | +8.8% |
| Other amounts payable | 47/48 | €486 | - | -€486 | |
| Accrued charges and deferred income | 492/3 | - | €750 | +€750 | |
| Non-recurring operating income | 76A | €31,781 | €10,145 | -€21,636 | -68.1% |
| Remuneration, social security and pensions | 62 | €832 | €2,641 | +€1,809 | +217% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,798 | €14,414 | +€1,616 | +12.6% |
| Other operating charges | 640/8 | €18 | - | -€18 | |
| Non-recurring operating charges | 66A | €15,000 | €8,780 | -€6,220 | -41.5% |
| Gross operating margin | 9900 | -€12,729 | €60,070 | +€72,799 | |
| Operating profit (loss) | 9901 | -€41,377 | €34,234 | +€75,612 | |
| Financial income | 75/76B | €45 | €429 | +€385 | +864% |
| Recurring financial income | 75 | €45 | €429 | +€385 | +864% |
| Financial charges | 65/66B | €19,327 | €18,203 | -€1,124 | -5.8% |
| Recurring financial charges | 65 | €19,327 | €18,203 | -€1,124 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | -€60,660 | €16,460 | +€77,120 | |
| Income taxes | 67/77 | €4,286 | €3,780 | -€506 | -11.8% |
| Profit (loss) for the period | 9904 | -€64,946 | €12,680 | +€77,626 | |
| Profit (loss) for the period to be appropriated | 9905 | -€64,946 | €12,680 | +€77,626 |
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 25 October 2026 via checked.be.