MAISON PIVOT-BADOUX SA: 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 PIVOT-BADOUX SA
Largest movements
- Tangible fixed assets -€20,275
down €20,275 (-12.5%), from €162,063 to €141,788
of which Land and buildings: -€14,589
- Receivables within one year +€17,158
up €17,158 (+69.2%), from €24,789 to €41,946
of which Trade receivables: +€20,108
- Other debts -€336,045
down €336,045 (-88.7%), from €379,070 to €43,024
- Debts after one year +€276,411
new in 2025: €276,411
- Trade debts +€33,317
up €33,317 (+512%), from €6,507 to €39,824
- Reserves +€21,500
up €21,500 (+28.8%), from €74,700 to €96,200
of which Distributable reserves: +€21,500
- Current portion of long-term debt +€20,332
up €20,332 (+250%), from €8,133 to €28,465
- Write-downs +€13,997
up €13,997, from -€6,720 to €7,277
- Gross operating margin -€12,488
down €12,488 (-8.8%), from €141,999 to €129,510
- Depreciation -€6,709
down €6,709 (-22.5%), from €29,851 to €23,142
- Financial charges -€6,491
down €6,491 (-33.9%), from €19,134 to €12,643
- Staff costs +€3,922
up €3,922 (+8.8%), from €44,329 to €48,251
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 | €584,780 | €587,799 | +€3,019 | +0.5% |
| Fixed assets | 21/28 | €162,183 | €141,908 | -€20,275 | -12.5% |
| Tangible fixed assets | 22/27 | €162,063 | €141,788 | -€20,275 | -12.5% |
| Land and buildings | 22 | €145,542 | €130,953 | -€14,589 | -10.0% |
| Plant, machinery and equipment | 23 | €14,919 | €8,290 | -€6,629 | -44.4% |
| Furniture and vehicles | 24 | €1,602 | €2,546 | +€944 | +58.9% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €422,597 | €445,891 | +€23,294 | +5.5% |
| Stocks and contracts in progress | 3 | €316,573 | €318,877 | +€2,305 | +0.7% |
| Stocks | 30/36 | €316,573 | €318,877 | +€2,305 | +0.7% |
| Amounts receivable within one year | 40/41 | €24,789 | €41,946 | +€17,158 | +69.2% |
| Trade receivables | 40 | €21,839 | €41,946 | +€20,108 | +92.1% |
| Other amounts receivable | 41 | €2,950 | - | -€2,950 | |
| Cash at bank and in hand | 54/58 | €81,236 | €82,781 | +€1,545 | +1.9% |
| Deferred charges and accrued income | 490/1 | - | €2,286 | +€2,286 | |
| Total equity and liabilities | 10/49 | €584,780 | €587,799 | +€3,019 | +0.5% |
| Equity | 10/15 | €137,144 | €158,657 | +€21,513 | +15.7% |
| 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% |
| Reserves | 13 | €74,700 | €96,200 | +€21,500 | +28.8% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Legal reserve | 130 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €74,500 | €96,000 | +€21,500 | +28.9% |
| Profit (loss) carried forward | 14 | €944 | €957 | +€13 | +1.4% |
| Amounts payable | 17/49 | €447,636 | €429,142 | -€18,494 | -4.1% |
| Amounts payable after more than one year | 17 | - | €276,411 | +€276,411 | |
| Financial debts | 170/4 | - | €276,411 | +€276,411 | |
| Amounts payable within one year | 42/48 | €429,636 | €152,731 | -€276,905 | -64.5% |
| Current portion of amounts payable after more than one year | 42 | €8,133 | €28,465 | +€20,332 | +250% |
| Trade debts | 44 | €6,507 | €39,824 | +€33,317 | +512% |
| Suppliers | 440/4 | €6,507 | €39,824 | +€33,317 | +512% |
| Taxes, remuneration and social security | 45 | €35,926 | €41,418 | +€5,491 | +15.3% |
| Taxes | 450/3 | €26,993 | €32,186 | +€5,193 | +19.2% |
| Remuneration and social security | 454/9 | €8,933 | €9,232 | +€299 | +3.3% |
| Other amounts payable | 47/48 | €379,070 | €43,024 | -€336,045 | -88.7% |
| Accrued charges and deferred income | 492/3 | €18,000 | - | -€18,000 | |
| Remuneration, social security and pensions | 62 | €44,329 | €48,251 | +€3,922 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,851 | €23,142 | -€6,709 | -22.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,720 | €7,277 | +€13,997 | |
| Other operating charges | 640/8 | €6,963 | €7,219 | +€256 | +3.7% |
| Non-recurring operating charges | 66A | €27,192 | - | -€27,192 | |
| Gross operating margin | 9900 | €141,999 | €129,510 | -€12,488 | -8.8% |
| Operating profit (loss) | 9901 | €40,383 | €43,621 | +€3,238 | +8.0% |
| Financial income | 75/76B | €5,151 | €4,100 | -€1,051 | -20.4% |
| Recurring financial income | 75 | €5,151 | €4,100 | -€1,051 | -20.4% |
| Financial charges | 65/66B | €19,134 | €12,643 | -€6,491 | -33.9% |
| Recurring financial charges | 65 | €19,134 | €12,643 | -€6,491 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €26,401 | €35,078 | +€8,678 | +32.9% |
| Income taxes | 67/77 | €10,580 | €13,565 | +€2,985 | +28.2% |
| Profit (loss) for the period | 9904 | €15,821 | €21,513 | +€5,692 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,821 | €21,513 | +€5,692 | +36.0% |
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 27 October 2026 via checked.be.