Maria & dochters: what changed
Maria & dochters
Largest movements
- Tangible fixed assets +€463,362
up €463,362 (+106%), from €439,069 to €902,430
of which Land and buildings: +€456,879
- Receivables within one year +€99,558
up €99,558 (+354%), from €28,157 to €127,715
of which Trade receivables: +€112,853
- Intangible fixed assets -€91,071
down €91,071 (-47.1%), from €193,530 to €102,459
- Cash +€40,311
up €40,311 (+29.8%), from €135,423 to €175,734
mainly Debts after one year (+€293,541) and Depreciation (+€165,023)
- Debts after one year +€293,541
up €293,541 (+48.3%), from €608,273 to €901,815
- Trade debts +€94,870
up €94,870 (+250%), from €37,965 to €132,835
- Reserves +€54,623
up €54,623 (+121%), from €45,319 to €99,942
- Tax, wage and social debts +€41,458
up €41,458 (+101%), from €41,157 to €82,616
of which Remuneration and social security: +€46,713
- Current portion of long-term debt +€26,500
up €26,500 (+26.5%), from €99,959 to €126,459
- Gross operating margin +€67,594
up €67,594 (+7.5%), from €904,765 to €972,359
- Financial charges +€22,016
up €22,016 (+176%), from €12,490 to €34,507
- Staff costs -€19,868
down €19,868 (-2.9%), from €681,086 to €661,218
- Taxes +€19,399
up €19,399 (+70.8%), from €27,390 to €46,789
- Depreciation -€12,100
down €12,100 (-6.8%), from €177,123 to €165,023
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €844,867 | €1,356,066 | +€511,199 | +60.5% |
| Fixed assets | 21/28 | €649,999 | €1,022,289 | +€372,290 | +57.3% |
| Intangible fixed assets | 21 | €193,530 | €102,459 | -€91,071 | -47.1% |
| Tangible fixed assets | 22/27 | €439,069 | €902,430 | +€463,362 | +106% |
| Land and buildings | 22 | €392,093 | €848,972 | +€456,879 | +117% |
| Plant, machinery and equipment | 23 | €42,062 | €46,549 | +€4,487 | +10.7% |
| Furniture and vehicles | 24 | €1,314 | €3,309 | +€1,995 | +152% |
| Other tangible fixed assets | 26 | €3,600 | €3,600 | = | 0.0% |
| Financial fixed assets | 28 | €17,400 | €17,400 | = | 0.0% |
| Current assets | 29/58 | €194,868 | €333,777 | +€138,909 | +71.3% |
| Stocks and contracts in progress | 3 | €19,402 | €18,050 | -€1,352 | -7.0% |
| Stocks | 30/36 | €19,402 | €18,050 | -€1,352 | -7.0% |
| Amounts receivable within one year | 40/41 | €28,157 | €127,715 | +€99,558 | +354% |
| Trade receivables | 40 | €14,375 | €127,228 | +€112,853 | +785% |
| Other amounts receivable | 41 | €13,782 | €486 | -€13,295 | -96.5% |
| Cash at bank and in hand | 54/58 | €135,423 | €175,734 | +€40,311 | +29.8% |
| Deferred charges and accrued income | 490/1 | €11,886 | €12,278 | +€392 | +3.3% |
| Total equity and liabilities | 10/49 | €844,867 | €1,356,066 | +€511,199 | +60.5% |
| Equity | 10/15 | €51,492 | €112,342 | +€60,850 | +118% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €45,319 | €99,942 | +€54,623 | +121% |
| Distributable reserves | 133 | €45,319 | €99,942 | +€54,623 | +121% |
| Profit (loss) carried forward | 14 | -€6,227 | €0 | +€6,227 | |
| Amounts payable | 17/49 | €793,375 | €1,243,724 | +€450,349 | +56.8% |
| Amounts payable after more than one year | 17 | €608,273 | €901,815 | +€293,541 | +48.3% |
| Financial debts | 170/4 | €608,273 | €901,815 | +€293,541 | +48.3% |
| Amounts payable within one year | 42/48 | €184,081 | €341,909 | +€157,828 | +85.7% |
| Current portion of amounts payable after more than one year | 42 | €99,959 | €126,459 | +€26,500 | +26.5% |
| Trade debts | 44 | €37,965 | €132,835 | +€94,870 | +250% |
| Suppliers | 440/4 | €37,965 | €132,835 | +€94,870 | +250% |
| Taxes, remuneration and social security | 45 | €41,157 | €82,616 | +€41,458 | +101% |
| Taxes | 450/3 | €41,157 | €35,902 | -€5,255 | -12.8% |
| Remuneration and social security | 454/9 | €0 | €46,713 | +€46,713 | |
| Other amounts payable | 47/48 | €5,000 | €0 | -€5,000 | -100% |
| Accrued charges and deferred income | 492/3 | €1,020 | €0 | -€1,020 | -100% |
| Non-recurring operating income | 76A | - | €2,637 | +€2,637 | |
| Remuneration, social security and pensions | 62 | €681,086 | €661,218 | -€19,868 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177,123 | €165,023 | -€12,100 | -6.8% |
| Other operating charges | 640/8 | €8,836 | €5,692 | -€3,144 | -35.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €904,765 | €972,359 | +€67,594 | +7.5% |
| Operating profit (loss) | 9901 | €37,721 | €140,427 | +€102,706 | +272% |
| Financial income | 75/76B | €5,599 | €1,719 | -€3,880 | -69.3% |
| Recurring financial income | 75 | €5,599 | €1,719 | -€3,880 | -69.3% |
| Financial charges | 65/66B | €12,490 | €34,507 | +€22,016 | +176% |
| Recurring financial charges | 65 | €12,490 | €34,507 | +€22,016 | +176% |
| Profit (loss) for the period before taxes | 9903 | €30,830 | €107,639 | +€76,809 | +249% |
| Income taxes | 67/77 | €27,390 | €46,789 | +€19,399 | +70.8% |
| Profit (loss) for the period | 9904 | €3,440 | €60,850 | +€57,410 | +1,669% |
| Profit (loss) for the period to be appropriated | 9905 | €3,440 | €60,850 | +€57,410 | +1,669% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.