MAISON RORIVE: 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.
What changed
MAISON RORIVE
NACE 46.360, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€246,319
2024 · €39,576-€285,895
Equity
€783,091
2024 · €1.0m-€246,319
Cash
€472,589
2024 · €468,360+€4,228
Balance sheet total
€2.5m
2024 · €2.8m-€358,915
Largest movements
Assets
- Receivables within one year -€318,128
down €318,128 (-26.6%), from €1.2m to €878,098
of which Trade receivables: -€313,290
- Stocks and contracts -€55,819
down €55,819 (-5.8%), from €957,084 to €901,266
Equity and liabilities
- Profit (loss) carried forward -€246,319
down €246,319 (-31.7%), from €777,858 to €531,539
- Trade debts -€141,581
down €141,581 (-15.3%), from €925,939 to €784,358
- Debts after one year -€29,900
down €29,900 (-37.6%), from €79,561 to €49,662
Income statement
- Write-downs +€377,214
new in 2025: €377,214
- Gross operating margin +€48,096
up €48,096 (+6.1%), from €784,362 to €832,459
- Staff costs -€31,499
down €31,499 (-5.2%), from €609,565 to €578,066
- Financial charges -€20,348
down €20,348 (-33.7%), from €60,337 to €39,989
- Other operating charges +€13,253
up €13,253 (+40.4%), from €32,791 to €46,044
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.
Result 2024
€39,576
Gross operating margin
+€48,096
Staff costs
+€31,499
Depreciation
-€5,022
Write-downs
-€377,214
Other operating charges
-€13,253
Financial income
+€3,246
Financial charges
+€20,348
Taxes
+€6,404
Result 2025
-€246,319
Cash bridge derived
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.
From operations
+€86,417
Investment
-€66,367
Financing
-€15,822
Cash 2024
€468,360
From operations (derived)
+€86,417
Net result for the year
-€246,319
Depreciation
+€57,492
Stocks and contracts
+€55,819
Receivables within one year
+€318,128
Deferred charges and accrued income
-€1,929
Trade debts
-€141,581
Tax, wage and social debts
+€18,696
Advances received
+€24,085
Other debts
+€2,027
Investment (derived)
-€66,367
Investment in fixed assets (net)
-€66,367
Financing
-€15,822
Debts after one year
-€29,900
Current portion of long-term debt
-€10,922
Short-term financial debts
+€25,000
Cash 2025
€472,589
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,833,797 | €2,474,883 | -€358,915 | -12.7% |
| Fixed assets | 21/28 | €196,705 | €205,580 | +€8,875 | +4.5% |
| Intangible fixed assets | 21 | €4,810 | €17,517 | +€12,707 | +264.2% |
| Tangible fixed assets | 22/27 | €191,796 | €187,963 | -€3,832 | -2.0% |
| Land and buildings | 22 | €113,595 | €119,554 | +€5,959 | +5.2% |
| Plant, machinery and equipment | 23 | €5,186 | €21,180 | +€15,994 | +308.4% |
| Furniture and vehicles | 24 | €29,467 | €19,915 | -€9,553 | -32.4% |
| Leasing and similar rights | 25 | €43,547 | €27,314 | -€16,233 | -37.3% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €2,637,092 | €2,269,303 | -€367,789 | -13.9% |
| Stocks and contracts in progress | 3 | €957,084 | €901,266 | -€55,819 | -5.8% |
| Stocks | 30/36 | €957,084 | €901,266 | -€55,819 | -5.8% |
| Amounts receivable within one year | 40/41 | €1,196,225 | €878,098 | -€318,128 | -26.6% |
| Trade receivables | 40 | €1,177,888 | €864,598 | -€313,290 | -26.6% |
| Other amounts receivable | 41 | €18,337 | €13,500 | -€4,838 | -26.4% |
| Cash at bank and in hand | 54/58 | €468,360 | €472,589 | +€4,228 | +0.9% |
| Deferred charges and accrued income | 490/1 | €15,422 | €17,351 | +€1,929 | +12.5% |
| Total equity and liabilities | 10/49 | €2,833,797 | €2,474,883 | -€358,915 | -12.7% |
| Equity | 10/15 | €1,029,411 | €783,091 | -€246,319 | -23.9% |
| Contributions | 10/11 | €199,802 | €199,802 | = | 0.0% |
| Capital | 10 | €199,802 | €199,802 | = | 0.0% |
| Issued capital | 100 | €199,802 | €199,802 | = | 0.0% |
| Reserves | 13 | €51,750 | €51,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,750 | €21,750 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €777,858 | €531,539 | -€246,319 | -31.7% |
| Amounts payable | 17/49 | €1,804,387 | €1,691,791 | -€112,596 | -6.2% |
| Amounts payable after more than one year | 17 | €79,561 | €49,662 | -€29,900 | -37.6% |
| Financial debts | 170/4 | €79,561 | €49,662 | -€29,900 | -37.6% |
| Amounts payable within one year | 42/48 | €1,724,826 | €1,642,130 | -€82,696 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €40,822 | €29,900 | -€10,922 | -26.8% |
| Financial debts | 43 | €565,000 | €590,000 | +€25,000 | +4.4% |
| Credit institutions | 430/8 | €565,000 | €590,000 | +€25,000 | +4.4% |
| Trade debts | 44 | €925,939 | €784,358 | -€141,581 | -15.3% |
| Suppliers | 440/4 | €925,939 | €784,358 | -€141,581 | -15.3% |
| Advances received on contracts in progress | 46 | - | €24,085 | +€24,085 | |
| Taxes, remuneration and social security | 45 | €181,083 | €199,779 | +€18,696 | +10.3% |
| Taxes | 450/3 | €41,448 | €49,870 | +€8,421 | +20.3% |
| Remuneration and social security | 454/9 | €139,634 | €149,909 | +€10,275 | +7.4% |
| Other amounts payable | 47/48 | €11,982 | €14,009 | +€2,027 | +16.9% |
| Non-recurring operating income | 76A | - | €9,057 | +€9,057 | |
| Remuneration, social security and pensions | 62 | €609,565 | €578,066 | -€31,499 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,470 | €57,492 | +€5,022 | +9.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €377,214 | +€377,214 | |
| Other operating charges | 640/8 | €32,791 | €46,044 | +€13,253 | +40.4% |
| Gross operating margin | 9900 | €784,362 | €832,459 | +€48,096 | +6.1% |
| Operating profit (loss) | 9901 | €89,536 | -€226,358 | -€315,893 | |
| Financial income | 75/76B | €17,013 | €20,259 | +€3,246 | +19.1% |
| Recurring financial income | 75 | €17,013 | €20,259 | +€3,246 | +19.1% |
| Financial charges | 65/66B | €60,337 | €39,989 | -€20,348 | -33.7% |
| Recurring financial charges | 65 | €60,337 | €39,989 | -€20,348 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €46,212 | -€246,087 | -€292,299 | |
| Income taxes | 67/77 | €6,636 | €232 | -€6,404 | -96.5% |
| Profit (loss) for the period | 9904 | €39,576 | -€246,319 | -€285,895 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,576 | -€246,319 | -€285,895 |
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 11 October 2026 via checked.be.