Maison Hacour: 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 Hacour
Largest movements
- Stocks and contracts +€365,124
up €365,124 (+46.7%), from €782,569 to €1.1m
- Cash -€59,253
down €59,253 (-55.6%), from €106,530 to €47,277
mainly Stocks and contracts (-€365,124) and Investment in fixed assets (net) (-€139,717)
- Tangible fixed assets +€54,629
up €54,629 (+84.6%), from €64,563 to €119,192
of which Other tangible fixed assets: +€47,395
- Intangible fixed assets +€51,599
new in 2025: €51,599
- Trade debts +€258,916
up €258,916 (+35.7%), from €725,564 to €984,481
of which Suppliers: +€381,747
- Other debts +€118,180
up €118,180 (+174%), from €67,906 to €186,086
- Profit (loss) carried forward +€50,111
up €50,111 (+25.1%), from €199,705 to €249,816
- Gross operating margin +€103,994
up €103,994 (+29.2%), from €355,952 to €459,946
- Staff costs +€63,265
up €63,265 (+25.2%), from €251,000 to €314,264
- Taxes +€18,717
up €18,717 (+85.2%), from €21,971 to €40,687
- Financial charges +€13,215
up €13,215 (+634%), from €2,085 to €15,300
- Provisions -€10,000
no longer reported in 2025 (was €10,000)
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 | €1,114,709 | €1,526,823 | +€412,114 | +37.0% |
| Fixed assets | 21/28 | €66,263 | €172,491 | +€106,227 | +160% |
| Intangible fixed assets | 21 | - | €51,599 | +€51,599 | |
| Tangible fixed assets | 22/27 | €64,563 | €119,192 | +€54,629 | +84.6% |
| Land and buildings | 22 | €18,685 | €12,238 | -€6,447 | -34.5% |
| Plant, machinery and equipment | 23 | €9,452 | €20,424 | +€10,972 | +116% |
| Furniture and vehicles | 24 | €11,832 | €14,541 | +€2,709 | +22.9% |
| Other tangible fixed assets | 26 | €24,594 | €71,989 | +€47,395 | +193% |
| Financial fixed assets | 28 | €1,700 | €1,700 | = | 0.0% |
| Current assets | 29/58 | €1,048,446 | €1,354,332 | +€305,886 | +29.2% |
| Stocks and contracts in progress | 3 | €782,569 | €1,147,693 | +€365,124 | +46.7% |
| Stocks | 30/36 | €782,569 | €1,147,693 | +€365,124 | +46.7% |
| Amounts receivable within one year | 40/41 | €159,300 | €159,363 | +€63 | 0.0% |
| Trade receivables | 40 | €152,400 | €137,463 | -€14,937 | -9.8% |
| Other amounts receivable | 41 | €6,900 | €21,900 | +€15,000 | +217% |
| Cash at bank and in hand | 54/58 | €106,530 | €47,277 | -€59,253 | -55.6% |
| Deferred charges and accrued income | 490/1 | €47 | - | -€47 | |
| Total equity and liabilities | 10/49 | €1,114,709 | €1,526,823 | +€412,114 | +37.0% |
| Equity | 10/15 | €222,922 | €273,033 | +€50,111 | +22.5% |
| Reserves | 13 | €23,217 | €23,217 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,094 | €1,094 | = | 0.0% |
| Other | 1319 | €1,094 | €1,094 | = | 0.0% |
| Distributable reserves | 133 | €22,123 | €22,123 | = | 0.0% |
| Profit (loss) carried forward | 14 | €199,705 | €249,816 | +€50,111 | +25.1% |
| Provisions and deferred taxes | 16 | €30,000 | €30,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €30,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable | 17/49 | €861,787 | €1,223,790 | +€362,003 | +42.0% |
| Amounts payable within one year | 42/48 | €861,787 | €1,223,790 | +€362,003 | +42.0% |
| Current portion of amounts payable after more than one year | 42 | €5,142 | - | -€5,142 | |
| Trade debts | 44 | €725,564 | €984,481 | +€258,916 | +35.7% |
| Suppliers | 440/4 | €602,734 | €984,481 | +€381,747 | +63.3% |
| Bills of exchange payable | 441 | €122,830 | - | -€122,830 | |
| Taxes, remuneration and social security | 45 | €63,174 | €53,223 | -€9,951 | -15.8% |
| Taxes | 450/3 | €28,698 | €9,404 | -€19,295 | -67.2% |
| Remuneration and social security | 454/9 | €34,476 | €43,820 | +€9,343 | +27.1% |
| Other amounts payable | 47/48 | €67,906 | €186,086 | +€118,180 | +174% |
| Remuneration, social security and pensions | 62 | €251,000 | €314,264 | +€63,265 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,534 | €33,490 | +€6,955 | +26.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €10,000 | - | -€10,000 | |
| Other operating charges | 640/8 | €6,258 | €6,098 | -€159 | -2.5% |
| Gross operating margin | 9900 | €355,952 | €459,946 | +€103,994 | +29.2% |
| Operating profit (loss) | 9901 | €62,160 | €106,093 | +€43,933 | +70.7% |
| Financial income | 75/76B | €6 | €5 | -€1 | -22.3% |
| Recurring financial income | 75 | €6 | €5 | -€1 | -22.3% |
| Financial charges | 65/66B | €2,085 | €15,300 | +€13,215 | +634% |
| Recurring financial charges | 65 | €2,085 | €15,300 | +€13,215 | +634% |
| Profit (loss) for the period before taxes | 9903 | €60,082 | €90,798 | +€30,716 | +51.1% |
| Income taxes | 67/77 | €21,971 | €40,687 | +€18,717 | +85.2% |
| Profit (loss) for the period | 9904 | €38,111 | €50,111 | +€12,000 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,111 | €50,111 | +€12,000 | +31.5% |
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 21 October 2026 via checked.be.