Maison No(o)rd: 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 No(o)rd
Largest movements
- Tangible fixed assets -€121,864
down €121,864 (-10.9%), from €1.1m to €993,060
of which Other tangible fixed assets: -€130,868
- Receivables within one year +€121,835
up €121,835 (+82.8%), from €147,169 to €269,003
of which Trade receivables: +€115,889
- Cash -€30,349
down €30,349 (-29.8%), from €101,857 to €71,508
mainly Receivables within one year (-€121,835) and Debts after one year (-€80,437)
- Debts after one year -€80,437
down €80,437 (-9.8%), from €821,498 to €741,061
of which Financial debts: -€80,437
- Trade debts +€75,333
up €75,333 (+16.8%), from €448,896 to €524,229
- Profit (loss) carried forward -€39,536
down €39,536 (-142%), from -€27,926 to -€67,461
- Gross operating margin -€54,427
down €54,427 (-20.3%), from €268,184 to €213,757
- Staff costs +€16,539
up €16,539 (+25.9%), from €63,971 to €80,509
- Other operating charges -€2,683
down €2,683 (-60.4%), from €4,438 to €1,756
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 | €1,568,827 | €1,536,587 | -€32,240 | -2.1% |
| Fixed assets | 21/28 | €1,299,573 | €1,177,709 | -€121,864 | -9.4% |
| Tangible fixed assets | 22/27 | €1,114,924 | €993,060 | -€121,864 | -10.9% |
| Plant, machinery and equipment | 23 | €26,792 | €26,254 | -€538 | -2.0% |
| Furniture and vehicles | 24 | €39,111 | €48,653 | +€9,542 | +24.4% |
| Other tangible fixed assets | 26 | €1,049,021 | €918,153 | -€130,868 | -12.5% |
| Financial fixed assets | 28 | €184,649 | €184,649 | = | 0.0% |
| Current assets | 29/58 | €269,254 | €358,878 | +€89,625 | +33.3% |
| Amounts receivable within one year | 40/41 | €147,169 | €269,003 | +€121,835 | +82.8% |
| Trade receivables | 40 | €143,673 | €259,562 | +€115,889 | +80.7% |
| Other amounts receivable | 41 | €3,495 | €9,441 | +€5,946 | +170% |
| Cash at bank and in hand | 54/58 | €101,857 | €71,508 | -€30,349 | -29.8% |
| Deferred charges and accrued income | 490/1 | €20,228 | €18,367 | -€1,861 | -9.2% |
| Total equity and liabilities | 10/49 | €1,568,827 | €1,536,587 | -€32,240 | -2.1% |
| Equity | 10/15 | €33,574 | -€5,961 | -€39,536 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,926 | -€67,461 | -€39,536 | -142% |
| Amounts payable | 17/49 | €1,535,252 | €1,542,548 | +€7,296 | +0.5% |
| Amounts payable after more than one year | 17 | €821,498 | €741,061 | -€80,437 | -9.8% |
| Financial debts | 170/4 | €818,067 | €737,630 | -€80,437 | -9.8% |
| Other amounts payable | 178/9 | €3,431 | €3,431 | = | 0.0% |
| Amounts payable within one year | 42/48 | €712,185 | €788,808 | +€76,623 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €227,308 | €230,437 | +€3,129 | +1.4% |
| Trade debts | 44 | €448,896 | €524,229 | +€75,333 | +16.8% |
| Suppliers | 440/4 | €448,896 | €524,229 | +€75,333 | +16.8% |
| Advances received on contracts in progress | 46 | €8,976 | €150 | -€8,826 | -98.3% |
| Taxes, remuneration and social security | 45 | €26,968 | €33,956 | +€6,988 | +25.9% |
| Taxes | 450/3 | €13,237 | €17,709 | +€4,471 | +33.8% |
| Remuneration and social security | 454/9 | €13,731 | €16,247 | +€2,516 | +18.3% |
| Other amounts payable | 47/48 | €36 | €36 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,569 | €12,679 | +€11,110 | +708% |
| Non-recurring operating income | 76A | - | €458 | +€458 | |
| Remuneration, social security and pensions | 62 | €63,971 | €80,509 | +€16,539 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,503 | €128,320 | -€1,184 | -0.9% |
| Other operating charges | 640/8 | €4,438 | €1,756 | -€2,683 | -60.4% |
| Gross operating margin | 9900 | €268,184 | €213,757 | -€54,427 | -20.3% |
| Operating profit (loss) | 9901 | €70,271 | €3,172 | -€67,099 | -95.5% |
| Financial income | 75/76B | €2,693 | €56 | -€2,637 | -97.9% |
| Recurring financial income | 75 | €2,693 | €56 | -€2,637 | -97.9% |
| Financial charges | 65/66B | €45,206 | €42,764 | -€2,442 | -5.4% |
| Recurring financial charges | 65 | €45,206 | €42,764 | -€2,442 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €27,758 | -€39,536 | -€67,294 | |
| Profit (loss) for the period | 9904 | €27,758 | -€39,536 | -€67,294 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,758 | -€39,536 | -€67,294 |
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 30 October 2026 via checked.be.