MAISON LEGER: 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 LEGER
Largest movements
- Tangible fixed assets -€91,779
down €91,779 (-11.0%), from €835,923 to €744,144
of which Land and buildings: -€52,801
- Receivables within one year +€31,126
up €31,126 (+50.1%), from €62,163 to €93,289
of which Trade receivables: +€34,539
- Stocks and contracts -€18,594
down €18,594 (-16.2%), from €114,792 to €96,198
- Cash -€17,666
no longer reported in 2025 (was €17,666)
mainly Debts after one year (-€104,505) and Net result for the year (-€73,754)
- Debts after one year -€104,505
down €104,505 (-21.5%), from €485,509 to €381,004
- Other debts +€81,712
new in 2025: €81,712
- Profit (loss) carried forward -€73,754
down €73,754 (-42.5%), from €173,427 to €99,673
- Short-term financial debts +€40,271
up €40,271 (+161%), from €25,000 to €65,271
- Current portion of long-term debt -€26,309
down €26,309 (-20.0%), from €131,557 to €105,248
- Gross operating margin -€47,703
down €47,703 (-11.9%), from €401,091 to €353,388
- Staff costs +€5,268
up €5,268 (+1.9%), from €270,927 to €276,195
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 | €1,053,240 | €960,135 | -€93,105 | -8.8% |
| Fixed assets | 21/28 | €853,988 | €763,982 | -€90,006 | -10.5% |
| Tangible fixed assets | 22/27 | €835,923 | €744,144 | -€91,779 | -11.0% |
| Land and buildings | 22 | €732,151 | €679,350 | -€52,801 | -7.2% |
| Plant, machinery and equipment | 23 | €35,133 | €13,838 | -€21,295 | -60.6% |
| Furniture and vehicles | 24 | €68,639 | €50,956 | -€17,683 | -25.8% |
| Financial fixed assets | 28 | €18,065 | €19,838 | +€1,773 | +9.8% |
| Current assets | 29/58 | €199,252 | €196,153 | -€3,099 | -1.6% |
| Stocks and contracts in progress | 3 | €114,792 | €96,198 | -€18,594 | -16.2% |
| Stocks | 30/36 | €114,792 | €96,198 | -€18,594 | -16.2% |
| Amounts receivable within one year | 40/41 | €62,163 | €93,289 | +€31,126 | +50.1% |
| Trade receivables | 40 | €58,750 | €93,289 | +€34,539 | +58.8% |
| Other amounts receivable | 41 | €3,413 | - | -€3,413 | |
| Cash at bank and in hand | 54/58 | €17,666 | - | -€17,666 | |
| Deferred charges and accrued income | 490/1 | €4,631 | €6,666 | +€2,035 | +43.9% |
| Total equity and liabilities | 10/49 | €1,053,240 | €960,135 | -€93,105 | -8.8% |
| Equity | 10/15 | €293,483 | €224,129 | -€69,354 | -23.6% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €99,605 | €99,605 | = | 0.0% |
| Tax-exempt reserves | 132 | €99,605 | €99,605 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,427 | €99,673 | -€73,754 | -42.5% |
| Investment grants | 15 | - | €4,400 | +€4,400 | |
| Amounts payable | 17/49 | €759,757 | €736,006 | -€23,751 | -3.1% |
| Amounts payable after more than one year | 17 | €485,509 | €381,004 | -€104,505 | -21.5% |
| Financial debts | 170/4 | €485,509 | €381,004 | -€104,505 | -21.5% |
| Amounts payable within one year | 42/48 | €274,248 | €355,002 | +€80,754 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €131,557 | €105,248 | -€26,309 | -20.0% |
| Financial debts | 43 | €25,000 | €65,271 | +€40,271 | +161% |
| Credit institutions | 430/8 | €25,000 | €65,271 | +€40,271 | +161% |
| Trade debts | 44 | €46,467 | €25,992 | -€20,475 | -44.1% |
| Suppliers | 440/4 | €46,467 | €25,992 | -€20,475 | -44.1% |
| Taxes, remuneration and social security | 45 | €71,224 | €76,779 | +€5,555 | +7.8% |
| Taxes | 450/3 | €12,778 | €15,958 | +€3,180 | +24.9% |
| Remuneration and social security | 454/9 | €58,446 | €60,821 | +€2,375 | +4.1% |
| Other amounts payable | 47/48 | - | €81,712 | +€81,712 | |
| Remuneration, social security and pensions | 62 | €270,927 | €276,195 | +€5,268 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,685 | €118,681 | +€1,996 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,124 | - | -€2,124 | |
| Other operating charges | 640/8 | €13,068 | €12,696 | -€372 | -2.8% |
| Gross operating margin | 9900 | €401,091 | €353,388 | -€47,703 | -11.9% |
| Operating profit (loss) | 9901 | -€1,713 | -€54,184 | -€52,471 | -3,063% |
| Financial income | 75/76B | €5,274 | €8,264 | +€2,990 | +56.7% |
| Recurring financial income | 75 | €5,274 | €8,264 | +€2,990 | +56.7% |
| Financial charges | 65/66B | €26,543 | €27,395 | +€852 | +3.2% |
| Recurring financial charges | 65 | €26,543 | €27,395 | +€852 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,982 | -€73,315 | -€50,333 | -219% |
| Income taxes | 67/77 | €520 | €439 | -€81 | -15.6% |
| Profit (loss) for the period | 9904 | -€23,502 | -€73,754 | -€50,252 | -214% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,502 | -€73,754 | -€50,252 | -214% |
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 26 October 2026 via checked.be.