Maubert Services: what changed
Two fiscal 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.
Maubert Services
Largest movements
- Stocks and contracts +€8,714
up €8,714 (+15.2%), from €57,291 to €66,005
- Tangible fixed assets +€7,164
up €7,164 (+89.6%), from €7,992 to €15,156
of which Furniture and vehicles: +€5,042
- Cash +€6,296
up €6,296 (+8.2%), from €76,383 to €82,679
mainly Net result for the year (+€124,135) and Tax, wage and social debts (+€19,191)
- Receivables within one year -€4,238
down €4,238 (-2.5%), from €171,671 to €167,433
of which Trade receivables: -€4,601
- Profit (loss) carried forward +€26,079
up €26,079 (+17.9%), from €145,315 to €171,395
- Other debts -€25,765
down €25,765 (-46.0%), from €56,015 to €30,250
- Tax, wage and social debts +€19,191
up €19,191 (+24.0%), from €80,124 to €99,314
of which Taxes: +€21,949
- Staff costs +€27,948
up €27,948 (+30.6%), from €91,185 to €119,133
- Gross operating margin +€21,371
up €21,371 (+7.3%), from €293,810 to €315,180
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €313,337 | €331,272 | +€17,936 | +5.7% |
| Fixed assets | 21/28 | €7,992 | €15,156 | +€7,164 | +89.6% |
| Tangible fixed assets | 22/27 | €7,992 | €15,156 | +€7,164 | +89.6% |
| Plant, machinery and equipment | 23 | €634 | €2,756 | +€2,122 | +334.7% |
| Furniture and vehicles | 24 | €7,358 | €12,400 | +€5,042 | +68.5% |
| Current assets | 29/58 | €305,345 | €316,117 | +€10,772 | +3.5% |
| Stocks and contracts in progress | 3 | €57,291 | €66,005 | +€8,714 | +15.2% |
| Stocks | 30/36 | €57,291 | €66,005 | +€8,714 | +15.2% |
| Amounts receivable within one year | 40/41 | €171,671 | €167,433 | -€4,238 | -2.5% |
| Trade receivables | 40 | €170,981 | €166,380 | -€4,601 | -2.7% |
| Other amounts receivable | 41 | €690 | €1,053 | +€362 | +52.5% |
| Cash at bank and in hand | 54/58 | €76,383 | €82,679 | +€6,296 | +8.2% |
| Total equity and liabilities | 10/49 | €313,337 | €331,272 | +€17,936 | +5.7% |
| Equity | 10/15 | €165,775 | €191,855 | +€26,079 | +15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,315 | €171,395 | +€26,079 | +17.9% |
| Amounts payable | 17/49 | €147,561 | €139,418 | -€8,144 | -5.5% |
| Amounts payable within one year | 42/48 | €144,961 | €139,418 | -€5,544 | -3.8% |
| Trade debts | 44 | €8,823 | €9,853 | +€1,030 | +11.7% |
| Suppliers | 440/4 | €8,823 | €9,853 | +€1,030 | +11.7% |
| Taxes, remuneration and social security | 45 | €80,124 | €99,314 | +€19,191 | +24.0% |
| Taxes | 450/3 | €65,879 | €87,828 | +€21,949 | +33.3% |
| Remuneration and social security | 454/9 | €14,244 | €11,486 | -€2,758 | -19.4% |
| Other amounts payable | 47/48 | €56,015 | €30,250 | -€25,765 | -46.0% |
| Accrued charges and deferred income | 492/3 | €2,600 | - | -€2,600 | |
| Remuneration, social security and pensions | 62 | €91,185 | €119,133 | +€27,948 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,338 | €4,594 | +€256 | +5.9% |
| Other operating charges | 640/8 | €3,242 | €5,671 | +€2,429 | +74.9% |
| Non-recurring operating charges | 66A | - | €6,762 | +€6,762 | |
| Gross operating margin | 9900 | €293,810 | €315,180 | +€21,371 | +7.3% |
| Operating profit (loss) | 9901 | €195,044 | €179,020 | -€16,024 | -8.2% |
| Financial charges | 65/66B | €3,556 | €3,895 | +€339 | +9.5% |
| Recurring financial charges | 65 | €3,556 | €3,895 | +€339 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €191,488 | €175,125 | -€16,363 | -8.5% |
| Income taxes | 67/77 | €52,583 | €50,990 | -€1,593 | -3.0% |
| Profit (loss) for the period | 9904 | €138,906 | €124,135 | -€14,770 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €138,906 | €124,135 | -€14,770 | -10.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.