Maison Quinze: 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 Quinze
Largest movements
- Stocks and contracts -€338,312
no longer reported in 2025 (was €338,312)
- Receivables within one year +€223,299
up €223,299 (+771%), from €28,978 to €252,277
of which Other amounts receivable: +€223,299
- Tangible fixed assets -€35,006
down €35,006 (-43.8%), from €79,849 to €44,843
of which Land and buildings: -€35,006
- Cash -€8,688
down €8,688 (-91.9%), from €9,449 to €761
mainly Short-term financial debts (-€232,626) and Receivables within one year (-€223,299)
- Short-term financial debts -€232,626
no longer reported in 2025 (was €232,626)
of which Credit institutions: -€155,000
- Profit (loss) carried forward +€51,872
no longer reported in 2025 (was -€51,872)
- Reserves +€25,860
up €25,860 (+15.9%), from €162,592 to €188,452
- Trade debts +€20,903
up €20,903 (+448%), from €4,663 to €25,566
- Current portion of long-term debt -€11,881
down €11,881 (-74.2%), from €16,011 to €4,130
- Gross operating margin +€126,389
up €126,389, from -€27,610 to €98,779
- Taxes +€11,724
up €11,724, from -€1,125 to €10,599
- Financial charges -€11,125
down €11,125 (-81.4%), from €13,665 to €2,540
- Financial income +€3,686
up €3,686 (+2,459%), from €150 to €3,836
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 | €456,629 | €297,975 | -€158,653 | -34.7% |
| Fixed assets | 21/28 | €79,849 | €44,843 | -€35,006 | -43.8% |
| Tangible fixed assets | 22/27 | €79,849 | €44,843 | -€35,006 | -43.8% |
| Land and buildings | 22 | €79,849 | €44,843 | -€35,006 | -43.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €376,779 | €253,132 | -€123,647 | -32.8% |
| Stocks and contracts in progress | 3 | €338,312 | - | -€338,312 | |
| Contracts in progress | 37 | €338,312 | - | -€338,312 | |
| Amounts receivable within one year | 40/41 | €28,978 | €252,277 | +€223,299 | +771% |
| Trade receivables | 40 | €3,630 | €3,630 | = | 0.0% |
| Other amounts receivable | 41 | €25,348 | €248,647 | +€223,299 | +881% |
| Cash at bank and in hand | 54/58 | €9,449 | €761 | -€8,688 | -91.9% |
| Deferred charges and accrued income | 490/1 | €40 | €94 | +€54 | +137% |
| Total equity and liabilities | 10/49 | €456,629 | €297,975 | -€158,653 | -34.7% |
| Equity | 10/15 | €178,921 | €256,652 | +€77,732 | +43.4% |
| Contributions | 10/11 | €68,200 | €68,200 | = | 0.0% |
| Reserves | 13 | €162,592 | €188,452 | +€25,860 | +15.9% |
| Distributable reserves | 133 | €162,592 | €188,452 | +€25,860 | +15.9% |
| Profit (loss) carried forward | 14 | -€51,872 | - | +€51,872 | |
| Amounts payable | 17/49 | €277,708 | €41,323 | -€236,385 | -85.1% |
| Amounts payable after more than one year | 17 | €4,130 | - | -€4,130 | |
| Financial debts | 170/4 | €4,130 | - | -€4,130 | |
| Amounts payable within one year | 42/48 | €270,510 | €41,323 | -€229,187 | -84.7% |
| Current portion of amounts payable after more than one year | 42 | €16,011 | €4,130 | -€11,881 | -74.2% |
| Financial debts | 43 | €232,626 | - | -€232,626 | |
| Credit institutions | 430/8 | €155,000 | - | -€155,000 | |
| Other loans | 439 | €77,627 | - | -€77,627 | |
| Trade debts | 44 | €4,663 | €25,566 | +€20,903 | +448% |
| Suppliers | 440/4 | €4,663 | €25,566 | +€20,903 | +448% |
| Taxes, remuneration and social security | 45 | €14,877 | €11,627 | -€3,250 | -21.8% |
| Taxes | 450/3 | €14,877 | €11,627 | -€3,250 | -21.8% |
| Other amounts payable | 47/48 | €2,333 | - | -€2,333 | |
| Accrued charges and deferred income | 492/3 | €3,069 | - | -€3,069 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,221 | €10,217 | -€4 | 0.0% |
| Other operating charges | 640/8 | €1,702 | €1,527 | -€175 | -10.3% |
| Gross operating margin | 9900 | -€27,610 | €98,779 | +€126,389 | |
| Operating profit (loss) | 9901 | -€39,533 | €87,035 | +€126,569 | |
| Financial income | 75/76B | €150 | €3,836 | +€3,686 | +2,459% |
| Recurring financial income | 75 | €150 | €3,836 | +€3,686 | +2,459% |
| Financial charges | 65/66B | €13,665 | €2,540 | -€11,125 | -81.4% |
| Recurring financial charges | 65 | €13,665 | €2,540 | -€11,125 | -81.4% |
| Profit (loss) for the period before taxes | 9903 | -€53,049 | €88,331 | +€141,380 | |
| Income taxes | 67/77 | -€1,125 | €10,599 | +€11,724 | |
| Profit (loss) for the period | 9904 | -€51,924 | €77,732 | +€129,656 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,924 | €77,732 | +€129,656 |
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 16 October 2026 via checked.be.