Maison Rogier: 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 Rogier
Largest movements
- Stocks and contracts -€53,338
down €53,338 (-6.1%), from €880,324 to €826,986
- Cash +€44,508
up €44,508 (+249%), from €17,842 to €62,350
mainly Stocks and contracts (+€53,338) and Advances received (+€18,450)
- Receivables within one year +€11,615
up €11,615 (+49.7%), from €23,363 to €34,979
of which Trade receivables: +€11,672
- Advances received +€18,450
up €18,450 (+30.3%), from €60,800 to €79,250
- Gross operating margin +€8,461
up €8,461 (+53.6%), from €15,772 to €24,233
- Financial charges -€5,665
down €5,665 (-68.9%), from €8,224 to €2,559
- Other operating charges +€5,506
up €5,506 (+243%), from €2,270 to €7,776
- Taxes +€1,691
up €1,691 (+129%), from €1,310 to €3,001
- Depreciation +€589
up €589 (+13.0%), from €4,532 to €5,121
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 | €1,096,726 | €1,101,690 | +€4,965 | +0.5% |
| Fixed assets | 21/28 | €172,063 | €168,700 | -€3,363 | -2.0% |
| Intangible fixed assets | 21 | €158,056 | €158,056 | = | 0.0% |
| Tangible fixed assets | 22/27 | €13,933 | €10,570 | -€3,363 | -24.1% |
| Furniture and vehicles | 24 | €13,933 | €10,570 | -€3,363 | -24.1% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €924,662 | €932,990 | +€8,328 | +0.9% |
| Stocks and contracts in progress | 3 | €880,324 | €826,986 | -€53,338 | -6.1% |
| Stocks | 30/36 | €880,324 | €826,986 | -€53,338 | -6.1% |
| Amounts receivable within one year | 40/41 | €23,363 | €34,979 | +€11,615 | +49.7% |
| Trade receivables | 40 | €11,223 | €22,895 | +€11,672 | +104% |
| Other amounts receivable | 41 | €12,140 | €12,084 | -€57 | -0.5% |
| Cash at bank and in hand | 54/58 | €17,842 | €62,350 | +€44,508 | +249% |
| Deferred charges and accrued income | 490/1 | €3,133 | €8,675 | +€5,543 | +177% |
| Total equity and liabilities | 10/49 | €1,096,726 | €1,101,690 | +€4,965 | +0.5% |
| Equity | 10/15 | €932,355 | €938,192 | +€5,837 | +0.6% |
| Contributions | 10/11 | €716,932 | €716,932 | = | 0.0% |
| Reserves | 13 | €71,693 | €71,693 | = | 0.0% |
| Non-distributable reserves | 130/1 | €71,693 | €71,693 | = | 0.0% |
| Reserves not available under the articles | 1311 | €71,693 | €71,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,729 | €149,566 | +€5,837 | +4.1% |
| Amounts payable | 17/49 | €164,371 | €163,499 | -€872 | -0.5% |
| Amounts payable after more than one year | 17 | €8,769 | €3,303 | -€5,466 | -62.3% |
| Financial debts | 170/4 | €8,769 | €3,303 | -€5,466 | -62.3% |
| Amounts payable within one year | 42/48 | €155,601 | €160,195 | +€4,594 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €5,917 | €6,153 | +€236 | +4.0% |
| Trade debts | 44 | €13,504 | €12,710 | -€795 | -5.9% |
| Suppliers | 440/4 | €13,504 | €12,710 | -€795 | -5.9% |
| Advances received on contracts in progress | 46 | €60,800 | €79,250 | +€18,450 | +30.3% |
| Taxes, remuneration and social security | 45 | €10,451 | €5,528 | -€4,924 | -47.1% |
| Taxes | 450/3 | €10,451 | €5,528 | -€4,924 | -47.1% |
| Other amounts payable | 47/48 | €64,929 | €56,555 | -€8,374 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,532 | €5,121 | +€589 | +13.0% |
| Other operating charges | 640/8 | €2,270 | €7,776 | +€5,506 | +243% |
| Gross operating margin | 9900 | €15,772 | €24,233 | +€8,461 | +53.6% |
| Operating profit (loss) | 9901 | €8,971 | €11,337 | +€2,365 | +26.4% |
| Financial income | 75/76B | €201 | €60 | -€141 | -70.1% |
| Recurring financial income | 75 | €201 | €60 | -€141 | -70.1% |
| Financial charges | 65/66B | €8,224 | €2,559 | -€5,665 | -68.9% |
| Recurring financial charges | 65 | €8,224 | €2,559 | -€5,665 | -68.9% |
| Profit (loss) for the period before taxes | 9903 | €948 | €8,838 | +€7,890 | +832% |
| Income taxes | 67/77 | €1,310 | €3,001 | +€1,691 | +129% |
| Profit (loss) for the period | 9904 | -€361 | €5,837 | +€6,198 | |
| Profit (loss) for the period to be appropriated | 9905 | -€361 | €5,837 | +€6,198 |
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 20 October 2026 via checked.be.