MAISONS BLAVIER: 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
MAISONS BLAVIER
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €1.5m+€473,384
Equity
€12.6m
2024 · €10.6m+€2.0m
Cash
€1.7m
2024 · €4.0m-€2.3m
Balance sheet total
€42.4m
2024 · €43.6m-€1.2m
Largest movements
Assets
- Receivables within one year +€5.8m
up €5.8m (+86.0%), from €6.7m to €12.5m
of which Other amounts receivable: +€5.4m
- Receivables after one year -€4.9m
down €4.9m (-100%), from €4.9m to €0
- Cash -€2.3m
down €2.3m (-57.1%), from €4.0m to €1.7m
mainly Receivables within one year (-€5.8m) and Other debts (-€1.1m)
- Stocks and contracts +€959,743
up €959,743 (+4.3%), from €22.2m to €23.1m
of which Stocks: +€1.8m
- Tangible fixed assets -€650,825
down €650,825 (-15.6%), from €4.2m to €3.5m
of which Land and buildings: -€535,633
Equity and liabilities
- Profit (loss) carried forward +€2.0m
up €2.0m (+42.3%), from €4.7m to €6.7m
- Other debts -€1.1m
down €1.1m (-99.7%), from €1.1m to €3,547
- Accrued charges and deferred income -€986,171
down €986,171 (-8.9%), from €11.1m to €10.1m
- Trade debts -€783,949
down €783,949 (-11.7%), from €6.7m to €5.9m
Income statement
- Goods and materials -€9.8m
down €9.8m (-22.1%), from €44.2m to €34.4m
of which Purchases: -€9.5m
- Turnover -€6.9m
down €6.9m (-12.6%), from €55.0m to €48.1m
- Services and other goods +€873,247
up €873,247 (+15.3%), from €5.7m to €6.6m
- Staff costs -€575,265
down €575,265 (-9.6%), from €6.0m to €5.4m
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
€1.5m
Turnover
-€6.9m
Other operating income
-€160,988
Goods and materials
+€9.8m
Services and other goods
-€873,247
Staff costs
+€575,265
Depreciation
+€49,498
Write-downs
-€158,541
Provisions
-€51,159
Other operating charges
+€10,732
Other operating items
-€1.7m
Financial income
-€47,483
Financial charges
+€11,218
Taxes
+€4,846
Result 2025
€2.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€2.3m
Investment
+€415,015
Financing
-€364,817
Cash 2024
€4.0m
From operations (derived)
-€2.3m
Net result for the year
+€2.0m
Depreciation
+€389,608
Receivables after one year
+€4.9m
Stocks and contracts
-€959,743
Receivables within one year
-€5.8m
Deferred charges and accrued income
-€6,367
Provisions
+€119,843
Trade debts
-€783,949
Tax, wage and social debts
-€232,457
Advances received
+€126,213
Other debts
-€1.1m
Accrued charges and deferred income
-€986,171
Investment (derived)
+€415,015
Investment in fixed assets (net)
+€415,015
Financing
-€364,817
Debts after one year
-€197,614
Current portion of long-term debt
-€53,665
Short-term financial debts
-€113,538
Cash 2025
€1.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,585,774 | €42,359,598 | -€1.2m | -2.8% |
| Fixed assets | 21/28 | €5,075,531 | €4,270,908 | -€804,623 | -15.9% |
| Intangible fixed assets | 21 | €45,181 | €27,174 | -€18,007 | -39.9% |
| Tangible fixed assets | 22/27 | €4,172,405 | €3,521,580 | -€650,825 | -15.6% |
| Land and buildings | 22 | €3,484,583 | €2,948,950 | -€535,633 | -15.4% |
| Plant, machinery and equipment | 23 | €49,757 | €55,097 | +€5,340 | +10.7% |
| Furniture and vehicles | 24 | €510,805 | €350,624 | -€160,182 | -31.4% |
| Other tangible fixed assets | 26 | €127,260 | €161,590 | +€34,329 | +27.0% |
| Assets under construction and advance payments | 27 | €0 | €5,320 | +€5,320 | |
| Financial fixed assets | 28 | €857,945 | €722,153 | -€135,791 | -15.8% |
| Other financial fixed assets | 284/8 | €857,945 | €722,153 | -€135,791 | -15.8% |
| Shares | 284 | €100,124 | €124 | -€100,000 | -99.9% |
| Amounts receivable and cash guarantees | 285/8 | €757,821 | €722,029 | -€35,791 | -4.7% |
| Current assets | 29/58 | €38,510,243 | €38,088,690 | -€421,553 | -1.1% |
| Amounts receivable after more than one year | 29 | €4,902,874 | €0 | -€4.9m | -100% |
| Other amounts receivable | 291 | €4,902,874 | €0 | -€4.9m | -100% |
| Stocks and contracts in progress | 3 | €22,176,976 | €23,136,719 | +€959,743 | +4.3% |
| Stocks | 30/36 | €17,038,409 | €18,856,670 | +€1.8m | +10.7% |
| Property held for sale | 35 | €17,038,409 | €18,856,670 | +€1.8m | +10.7% |
| Contracts in progress | 37 | €5,138,567 | €4,280,049 | -€858,518 | -16.7% |
| Amounts receivable within one year | 40/41 | €6,717,705 | €12,494,666 | +€5.8m | +86.0% |
| Trade receivables | 40 | €3,060,564 | €3,431,348 | +€370,784 | +12.1% |
| Other amounts receivable | 41 | €3,657,142 | €9,063,318 | +€5.4m | +148% |
| Cash at bank and in hand | 54/58 | €3,961,391 | €1,699,641 | -€2.3m | -57.1% |
| Deferred charges and accrued income | 490/1 | €751,297 | €757,664 | +€6,367 | +0.8% |
| Total equity and liabilities | 10/49 | €43,585,774 | €42,359,598 | -€1.2m | -2.8% |
| Equity | 10/15 | €10,646,496 | €12,636,094 | +€2.0m | +18.7% |
| Contributions | 10/11 | €2,062,000 | €2,062,000 | = | 0.0% |
| Capital | 10 | €2,062,000 | €2,062,000 | = | 0.0% |
| Issued capital | 100 | €2,062,000 | €2,062,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,401,994 | €1,310,669 | -€91,324 | -6.5% |
| Reserves | 13 | €2,476,281 | €2,567,605 | +€91,324 | +3.7% |
| Non-distributable reserves | 130/1 | €206,200 | €206,200 | = | 0.0% |
| Legal reserve | 130 | €206,200 | €206,200 | = | 0.0% |
| Distributable reserves | 133 | €2,270,081 | €2,361,405 | +€91,324 | +4.0% |
| Profit (loss) carried forward | 14 | €4,706,222 | €6,695,819 | +€2.0m | +42.3% |
| Provisions and deferred taxes | 16 | €243,789 | €363,632 | +€119,843 | +49.2% |
| Provisions for liabilities and charges | 160/5 | €243,789 | €363,632 | +€119,843 | +49.2% |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €243,789 | €363,632 | +€119,843 | +49.2% |
| Amounts payable | 17/49 | €32,695,488 | €29,359,872 | -€3.3m | -10.2% |
| Amounts payable after more than one year | 17 | €392,021 | €194,407 | -€197,614 | -50.4% |
| Financial debts | 170/4 | €391,912 | €194,289 | -€197,623 | -50.4% |
| Credit institutions | 173 | €391,912 | €194,289 | -€197,623 | -50.4% |
| Other amounts payable | 178/9 | €109 | €118 | +€9 | +8.4% |
| Amounts payable within one year | 42/48 | €21,246,708 | €19,094,877 | -€2.2m | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €281,492 | €227,827 | -€53,665 | -19.1% |
| Financial debts | 43 | €10,593,415 | €10,479,877 | -€113,538 | -1.1% |
| Credit institutions | 430/8 | €10,593,415 | €10,479,877 | -€113,538 | -1.1% |
| Trade debts | 44 | €6,698,716 | €5,914,767 | -€783,949 | -11.7% |
| Suppliers | 440/4 | €6,698,716 | €5,914,767 | -€783,949 | -11.7% |
| Advances received on contracts in progress | 46 | €117,911 | €244,124 | +€126,213 | +107% |
| Taxes, remuneration and social security | 45 | €2,457,192 | €2,224,735 | -€232,457 | -9.5% |
| Taxes | 450/3 | €1,668,987 | €1,755,460 | +€86,473 | +5.2% |
| Remuneration and social security | 454/9 | €788,205 | €469,275 | -€318,930 | -40.5% |
| Other amounts payable | 47/48 | €1,097,982 | €3,547 | -€1.1m | -99.7% |
| Accrued charges and deferred income | 492/3 | €11,056,759 | €10,070,588 | -€986,171 | -8.9% |
| Operating income | 70/76A | €58,516,665 | €49,686,869 | -€8.8m | -15.1% |
| Turnover | 70 | €55,043,626 | €48,096,659 | -€6.9m | -12.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €2,759,157 | €1,037,316 | -€1.7m | -62.4% |
| Other operating income | 74 | €713,882 | €552,894 | -€160,988 | -22.6% |
| Operating charges | 60/66A | €56,341,186 | €47,006,587 | -€9.3m | -16.6% |
| Goods for resale, raw materials and consumables | 60 | €44,212,628 | €34,430,577 | -€9.8m | -22.1% |
| Purchases | 600/8 | €43,837,854 | €34,353,004 | -€9.5m | -21.6% |
| Change in stocks: decrease (increase) | 609 | €374,774 | €77,574 | -€297,200 | -79.3% |
| Services and other goods | 61 | €5,710,559 | €6,583,806 | +€873,247 | +15.3% |
| Remuneration, social security and pensions | 62 | €5,967,482 | €5,392,216 | -€575,265 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €439,106 | €389,608 | -€49,498 | -11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€186,264 | -€27,723 | +€158,541 | +85.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €68,684 | €119,843 | +€51,159 | +74.5% |
| Other operating charges | 640/8 | €128,992 | €118,260 | -€10,732 | -8.3% |
| Operating profit (loss) | 9901 | €2,175,479 | €2,680,282 | +€504,803 | +23.2% |
| Financial income | 75/76B | €393,210 | €345,728 | -€47,483 | -12.1% |
| Recurring financial income | 75 | €393,210 | €345,728 | -€47,483 | -12.1% |
| Income from current assets | 751 | €184,688 | €179,477 | -€5,212 | -2.8% |
| Other financial income | 752/9 | €208,522 | €166,251 | -€42,271 | -20.3% |
| Financial charges | 65/66B | €580,507 | €569,289 | -€11,218 | -1.9% |
| Recurring financial charges | 65 | €580,507 | €569,289 | -€11,218 | -1.9% |
| Debt charges | 650 | €565,600 | €550,352 | -€15,248 | -2.7% |
| Other financial charges | 652/9 | €14,907 | €18,937 | +€4,030 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €1,988,183 | €2,456,721 | +€468,538 | +23.6% |
| Income taxes | 67/77 | €471,969 | €467,123 | -€4,846 | -1.0% |
| Taxes | 670/3 | €471,969 | €596,048 | +€124,080 | +26.3% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €128,925 | +€128,925 | |
| Profit (loss) for the period | 9904 | €1,516,214 | €1,989,598 | +€473,384 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,516,214 | €1,989,598 | +€473,384 | +31.2% |
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 15 October 2026 via checked.be.