MAUCLET & FILS: 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.
MAUCLET & FILS
Largest movements
- Tangible fixed assets +€133,483
up €133,483 (+46.4%), from €287,389 to €420,871
of which Leasing and similar rights: +€179,975
- Receivables within one year -€103,097
down €103,097 (-12.1%), from €854,269 to €751,172
of which Trade receivables: -€106,052
- Debts after one year +€132,186
up €132,186 (+146%), from €90,621 to €222,807
- Trade debts -€99,609
down €99,609 (-19.6%), from €507,483 to €407,875
- Other debts -€66,849
down €66,849 (-20.9%), from €319,766 to €252,917
- Current portion of long-term debt +€20,925
up €20,925 (+35.1%), from €59,646 to €80,571
- Tax, wage and social debts +€15,592
up €15,592 (+107%), from €14,619 to €30,211
of which Taxes: +€8,439
- Gross operating margin -€48,597
down €48,597 (-16.9%), from €287,495 to €238,897
- Other operating charges -€26,418
down €26,418 (-46.0%), from €57,429 to €31,012
- Write-downs +€14,388
new in 2025: €14,388
- Taxes -€10,926
down €10,926 (-94.9%), from €11,508 to €582
- Financial charges +€8,906
up €8,906 (+108%), from €8,242 to €17,148
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 | €1,226,657 | €1,235,475 | +€8,818 | +0.7% |
| Fixed assets | 21/28 | €288,024 | €421,506 | +€133,483 | +46.3% |
| Tangible fixed assets | 22/27 | €287,389 | €420,871 | +€133,483 | +46.4% |
| Land and buildings | 22 | €3,770 | €815 | -€2,955 | -78.4% |
| Plant, machinery and equipment | 23 | €4,372 | €2,333 | -€2,038 | -46.6% |
| Furniture and vehicles | 24 | €78,963 | €37,463 | -€41,499 | -52.6% |
| Leasing and similar rights | 25 | €200,284 | €380,260 | +€179,975 | +89.9% |
| Financial fixed assets | 28 | €635 | €635 | = | 0.0% |
| Current assets | 29/58 | €938,633 | €813,968 | -€124,665 | -13.3% |
| Stocks and contracts in progress | 3 | €60,458 | €50,214 | -€10,245 | -16.9% |
| Stocks | 30/36 | €60,458 | €50,214 | -€10,245 | -16.9% |
| Amounts receivable within one year | 40/41 | €854,269 | €751,172 | -€103,097 | -12.1% |
| Trade receivables | 40 | €230,978 | €124,926 | -€106,052 | -45.9% |
| Other amounts receivable | 41 | €623,291 | €626,246 | +€2,955 | +0.5% |
| Cash at bank and in hand | 54/58 | €21,113 | €10,370 | -€10,743 | -50.9% |
| Deferred charges and accrued income | 490/1 | €2,793 | €2,213 | -€580 | -20.8% |
| Total equity and liabilities | 10/49 | €1,226,657 | €1,235,475 | +€8,818 | +0.7% |
| Equity | 10/15 | €234,522 | €241,094 | +€6,572 | +2.8% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €228,222 | €234,794 | +€6,572 | +2.9% |
| Distributable reserves | 133 | €228,222 | €234,794 | +€6,572 | +2.9% |
| Amounts payable | 17/49 | €992,136 | €994,381 | +€2,245 | +0.2% |
| Amounts payable after more than one year | 17 | €90,621 | €222,807 | +€132,186 | +146% |
| Financial debts | 170/4 | €90,621 | €222,807 | +€132,186 | +146% |
| Amounts payable within one year | 42/48 | €901,515 | €771,574 | -€129,941 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €59,646 | €80,571 | +€20,925 | +35.1% |
| Trade debts | 44 | €507,483 | €407,875 | -€99,609 | -19.6% |
| Suppliers | 440/4 | €507,483 | €407,875 | -€99,609 | -19.6% |
| Taxes, remuneration and social security | 45 | €14,619 | €30,211 | +€15,592 | +107% |
| Taxes | 450/3 | €9,605 | €18,044 | +€8,439 | +87.9% |
| Remuneration and social security | 454/9 | €5,013 | €12,167 | +€7,153 | +143% |
| Other amounts payable | 47/48 | €319,766 | €252,917 | -€66,849 | -20.9% |
| Non-recurring operating income | 76A | - | €1,347 | +€1,347 | |
| Remuneration, social security and pensions | 62 | €80,362 | €72,430 | -€7,932 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,436 | €96,895 | +€6,460 | +7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,388 | +€14,388 | |
| Other operating charges | 640/8 | €57,429 | €31,012 | -€26,418 | -46.0% |
| Non-recurring operating charges | 66A | €24,894 | - | -€24,894 | |
| Gross operating margin | 9900 | €287,495 | €238,897 | -€48,597 | -16.9% |
| Operating profit (loss) | 9901 | €34,374 | €24,172 | -€10,201 | -29.7% |
| Financial income | 75/76B | €1,646 | €130 | -€1,515 | -92.1% |
| Recurring financial income | 75 | €1,646 | €130 | -€1,515 | -92.1% |
| Financial charges | 65/66B | €8,242 | €17,148 | +€8,906 | +108% |
| Recurring financial charges | 65 | €8,242 | €17,148 | +€8,906 | +108% |
| Profit (loss) for the period before taxes | 9903 | €27,777 | €7,154 | -€20,623 | -74.2% |
| Income taxes | 67/77 | €11,508 | €582 | -€10,926 | -94.9% |
| Profit (loss) for the period | 9904 | €16,269 | €6,572 | -€9,697 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,269 | €6,572 | -€9,697 | -59.6% |
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 29 October 2026 via checked.be.