MAISON PAQUET: what changed
MAISON PAQUET
Largest movements
- Receivables after one year -€26,000
down €26,000 (-20.9%), from €124,267 to €98,267
- Receivables within one year -€14,408
down €14,408 (-28.5%), from €50,546 to €36,138
of which Other amounts receivable: -€14,434
- Deferred charges and accrued income -€7,480
no longer reported in 2025 (was €7,480)
- Cash -€4,980
down €4,980 (-39.8%), from €12,505 to €7,525
mainly Contributions, distributions and other (-€59,351) and Short-term financial debts (-€15,000)
- Reserves -€38,199
down €38,199 (-41.5%), from €92,036 to €53,837
of which Distributable reserves: -€38,199
- Short-term financial debts -€15,000
down €15,000 (-33.3%), from €45,000 to €30,000
- Other debts +€9,863
new in 2025: €9,863
- Trade debts -€4,181
down €4,181 (-66.5%), from €6,291 to €2,110
- Tax, wage and social debts -€2,525
down €2,525 (-20.8%), from €12,148 to €9,623
of which Remuneration and social security: -€3,782
- Gross operating margin -€29,388
down €29,388 (-31.7%), from €92,682 to €63,294
- Staff costs -€13,569
down €13,569 (-31.5%), from €43,139 to €29,570
- Other operating charges -€13,302
down €13,302 (-95.7%), from €13,900 to €599
- Financial charges -€5,139
down €5,139 (-50.1%), from €10,251 to €5,112
of which Non-recurring financial charges: -€2,941
- Taxes +€1,810
up €1,810 (+27.3%), from €6,619 to €8,429
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €212,155 | €161,247 | -€50,908 | -24.0% |
| Fixed assets | 21/28 | €17,357 | €19,317 | +€1,959 | +11.3% |
| Tangible fixed assets | 22/27 | €17,357 | €19,317 | +€1,959 | +11.3% |
| Land and buildings | 22 | €17,190 | €19,317 | +€2,127 | +12.4% |
| Plant, machinery and equipment | 23 | €167 | €0 | -€167 | -100.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Current assets | 29/58 | €194,798 | €141,931 | -€52,867 | -27.1% |
| Amounts receivable after more than one year | 29 | €124,267 | €98,267 | -€26,000 | -20.9% |
| Other amounts receivable | 291 | €124,267 | €98,267 | -€26,000 | -20.9% |
| Amounts receivable within one year | 40/41 | €50,546 | €36,138 | -€14,408 | -28.5% |
| Trade receivables | 40 | €35,750 | €35,776 | +€26 | +0.1% |
| Other amounts receivable | 41 | €14,796 | €362 | -€14,434 | -97.6% |
| Cash at bank and in hand | 54/58 | €12,505 | €7,525 | -€4,980 | -39.8% |
| Deferred charges and accrued income | 490/1 | €7,480 | - | -€7,480 | |
| Total equity and liabilities | 10/49 | €212,155 | €161,247 | -€50,908 | -24.0% |
| Equity | 10/15 | €147,850 | €109,651 | -€38,199 | -25.8% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €92,036 | €53,837 | -€38,199 | -41.5% |
| Non-distributable reserves | 130/1 | €992 | €992 | = | 0.0% |
| Reserves not available under the articles | 1311 | €992 | €992 | = | 0.0% |
| Distributable reserves | 133 | €91,044 | €52,846 | -€38,199 | -42.0% |
| Profit (loss) carried forward | 14 | €35,982 | €35,982 | = | 0.0% |
| Amounts payable | 17/49 | €64,306 | €51,597 | -€12,709 | -19.8% |
| Amounts payable within one year | 42/48 | €64,306 | €51,597 | -€12,709 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €867 | - | -€867 | |
| Financial debts | 43 | €45,000 | €30,000 | -€15,000 | -33.3% |
| Credit institutions | 430/8 | €45,000 | €30,000 | -€15,000 | -33.3% |
| Trade debts | 44 | €6,291 | €2,110 | -€4,181 | -66.5% |
| Suppliers | 440/4 | €6,291 | €2,110 | -€4,181 | -66.5% |
| Taxes, remuneration and social security | 45 | €12,148 | €9,623 | -€2,525 | -20.8% |
| Taxes | 450/3 | €8,366 | €9,623 | +€1,257 | +15.0% |
| Remuneration and social security | 454/9 | €3,782 | - | -€3,782 | |
| Other amounts payable | 47/48 | - | €9,863 | +€9,863 | |
| Remuneration, social security and pensions | 62 | €43,139 | €29,570 | -€13,569 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,780 | €2,200 | -€580 | -20.8% |
| Other operating charges | 640/8 | €13,900 | €599 | -€13,302 | -95.7% |
| Gross operating margin | 9900 | €92,682 | €63,294 | -€29,388 | -31.7% |
| Operating profit (loss) | 9901 | €32,864 | €30,926 | -€1,938 | -5.9% |
| Financial income | 75/76B | €3,540 | €3,767 | +€228 | +6.4% |
| Recurring financial income | 75 | €3,540 | €3,767 | +€228 | +6.4% |
| Financial charges | 65/66B | €10,251 | €5,112 | -€5,139 | -50.1% |
| Recurring financial charges | 65 | €7,310 | €5,112 | -€2,198 | -30.1% |
| Non-recurring financial charges | 66B | €2,941 | - | -€2,941 | |
| Profit (loss) for the period before taxes | 9903 | €26,152 | €29,581 | +€3,429 | +13.1% |
| Income taxes | 67/77 | €6,619 | €8,429 | +€1,810 | +27.3% |
| Profit (loss) for the period | 9904 | €19,533 | €21,152 | +€1,619 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,533 | €21,152 | +€1,619 | +8.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.