MAISON MAQUET: 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 MAQUET
Largest movements
- Tangible fixed assets +€456,736
up €456,736 (+477%), from €95,686 to €552,423
of which Land and buildings: +€456,270
- Cash -€59,250
down €59,250 (-62.5%), from €94,855 to €35,605
mainly Investment in fixed assets (net) (-€533,850) and Stocks and contracts (-€46,654)
- Stocks and contracts +€46,654
up €46,654 (+131%), from €35,732 to €82,386
- Debts after one year +€342,554
up €342,554 (+327%), from €104,656 to €447,210
of which Financial debts: +€350,590
- Profit (loss) carried forward +€56,205
up €56,205 (+83.1%), from €67,623 to €123,828
- Current portion of long-term debt +€18,979
up €18,979 (+93.0%), from €20,410 to €39,388
- Trade debts +€11,073
up €11,073 (+143%), from €7,770 to €18,843
- Advances received +€8,220
up €8,220 (+106%), from €7,741 to €15,961
- Gross operating margin +€180,779
up €180,779 (+94.6%), from €191,010 to €371,789
- Staff costs +€117,563
up €117,563 (+128%), from €91,861 to €209,424
- Depreciation +€63,100
up €63,100 (+450%), from €14,014 to €77,114
- Financial charges +€9,764
up €9,764 (+148%), from €6,609 to €16,373
- Other operating charges +€6,151
up €6,151 (+521%), from €1,181 to €7,332
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 | €245,165 | €690,931 | +€445,766 | +182% |
| Fixed assets | 21/28 | €95,855 | €552,592 | +€456,736 | +476% |
| Tangible fixed assets | 22/27 | €95,686 | €552,423 | +€456,736 | +477% |
| Land and buildings | 22 | - | €456,270 | +€456,270 | |
| Plant, machinery and equipment | 23 | €50,916 | €59,493 | +€8,577 | +16.8% |
| Furniture and vehicles | 24 | €7,473 | €24,036 | +€16,563 | +222% |
| Other tangible fixed assets | 26 | €13,797 | €12,028 | -€1,769 | -12.8% |
| Assets under construction and advance payments | 27 | €23,500 | €595 | -€22,905 | -97.5% |
| Financial fixed assets | 28 | €169 | €169 | = | 0.0% |
| Current assets | 29/58 | €149,310 | €138,339 | -€10,970 | -7.3% |
| Stocks and contracts in progress | 3 | €35,732 | €82,386 | +€46,654 | +131% |
| Stocks | 30/36 | €35,732 | €82,386 | +€46,654 | +131% |
| Amounts receivable within one year | 40/41 | €17,711 | €17,058 | -€653 | -3.7% |
| Trade receivables | 40 | €625 | €412 | -€213 | -34.1% |
| Other amounts receivable | 41 | €17,086 | €16,647 | -€440 | -2.6% |
| Cash at bank and in hand | 54/58 | €94,855 | €35,605 | -€59,250 | -62.5% |
| Deferred charges and accrued income | 490/1 | €1,012 | €3,291 | +€2,279 | +225% |
| Total equity and liabilities | 10/49 | €245,165 | €690,931 | +€445,766 | +182% |
| Equity | 10/15 | €92,623 | €148,828 | +€56,205 | +60.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,623 | €123,828 | +€56,205 | +83.1% |
| Amounts payable | 17/49 | €152,541 | €542,103 | +€389,561 | +255% |
| Amounts payable after more than one year | 17 | €104,656 | €447,210 | +€342,554 | +327% |
| Financial debts | 170/4 | €89,257 | €439,847 | +€350,590 | +393% |
| Trade debts | 175 | €6,599 | €2,563 | -€4,036 | -61.2% |
| Other amounts payable | 178/9 | €8,800 | €4,800 | -€4,000 | -45.5% |
| Amounts payable within one year | 42/48 | €47,885 | €94,893 | +€47,008 | +98.2% |
| Current portion of amounts payable after more than one year | 42 | €20,410 | €39,388 | +€18,979 | +93.0% |
| Trade debts | 44 | €7,770 | €18,843 | +€11,073 | +143% |
| Suppliers | 440/4 | €7,770 | €18,843 | +€11,073 | +143% |
| Advances received on contracts in progress | 46 | €7,741 | €15,961 | +€8,220 | +106% |
| Taxes, remuneration and social security | 45 | €11,926 | €19,290 | +€7,364 | +61.8% |
| Taxes | 450/3 | €6,051 | €4,926 | -€1,125 | -18.6% |
| Remuneration and social security | 454/9 | €5,875 | €14,365 | +€8,490 | +145% |
| Other amounts payable | 47/48 | €39 | €1,411 | +€1,372 | +3,514% |
| Remuneration, social security and pensions | 62 | €91,861 | €209,424 | +€117,563 | +128% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,014 | €77,114 | +€63,100 | +450% |
| Other operating charges | 640/8 | €1,181 | €7,332 | +€6,151 | +521% |
| Gross operating margin | 9900 | €191,010 | €371,789 | +€180,779 | +94.6% |
| Operating profit (loss) | 9901 | €83,954 | €77,919 | -€6,035 | -7.2% |
| Financial income | 75/76B | €180 | €957 | +€777 | +433% |
| Recurring financial income | 75 | €180 | €957 | +€777 | +433% |
| Financial charges | 65/66B | €6,609 | €16,373 | +€9,764 | +148% |
| Recurring financial charges | 65 | €6,609 | €16,373 | +€9,764 | +148% |
| Profit (loss) for the period before taxes | 9903 | €77,524 | €62,502 | -€15,022 | -19.4% |
| Income taxes | 67/77 | €9,901 | €6,298 | -€3,603 | -36.4% |
| Profit (loss) for the period | 9904 | €67,623 | €56,205 | -€11,419 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,623 | €56,205 | -€11,419 | -16.9% |
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 1 November 2026 via checked.be.