MAUD BARIGAND: what changed
MAUD BARIGAND
Largest movements
- Receivables within one year +€22,111
up €22,111 (+197%), from €11,214 to €33,325
of which Trade receivables: +€21,080
- Cash -€8,761
down €8,761 (-50.3%), from €17,432 to €8,671
mainly Receivables within one year (-€22,111) and Debts after one year (-€11,244)
- Tangible fixed assets -€4,090
down €4,090 (-2.0%), from €205,873 to €201,783
of which Land and buildings: -€3,132
- Deferred charges and accrued income -€3,569
down €3,569 (-47.6%), from €7,500 to €3,931
- Profit (loss) carried forward +€11,689
up €11,689 (+18.7%), from €62,427 to €74,116
- Debts after one year -€11,244
down €11,244 (-7.7%), from €146,888 to €135,644
- Tax, wage and social debts +€5,011
up €5,011 (+1,368%), from €366 to €5,378
of which Taxes: +€3,354
- Gross operating margin +€29,017
up €29,017 (+970%), from €2,993 to €32,009
- Depreciation +€9,564
up €9,564 (+980%), from €976 to €10,540
- Taxes +€2,587
up €2,587 (+404%), from €640 to €3,227
- Other operating charges -€544
down €544 (-14.4%), from €3,776 to €3,232
- Financial charges -€348
down €348 (-9.5%), from €3,670 to €3,322
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 | €242,020 | €247,711 | +€5,691 | +2.4% |
| Fixed assets | 21/28 | €205,873 | €201,783 | -€4,090 | -2.0% |
| Tangible fixed assets | 22/27 | €205,873 | €201,783 | -€4,090 | -2.0% |
| Land and buildings | 22 | €192,803 | €189,670 | -€3,132 | -1.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,829 | €1,315 | -€515 | -28.1% |
| Assets under construction and advance payments | 27 | €11,241 | €10,798 | -€443 | -3.9% |
| Current assets | 29/58 | €36,147 | €45,928 | +€9,781 | +27.1% |
| Amounts receivable within one year | 40/41 | €11,214 | €33,325 | +€22,111 | +197% |
| Trade receivables | 40 | €11,214 | €32,295 | +€21,080 | +188% |
| Other amounts receivable | 41 | - | €1,031 | +€1,031 | |
| Cash at bank and in hand | 54/58 | €17,432 | €8,671 | -€8,761 | -50.3% |
| Deferred charges and accrued income | 490/1 | €7,500 | €3,931 | -€3,569 | -47.6% |
| Total equity and liabilities | 10/49 | €242,020 | €247,711 | +€5,691 | +2.4% |
| Equity | 10/15 | €82,427 | €94,116 | +€11,689 | +14.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,427 | €74,116 | +€11,689 | +18.7% |
| Amounts payable | 17/49 | €159,593 | €153,595 | -€5,998 | -3.8% |
| Amounts payable after more than one year | 17 | €146,888 | €135,644 | -€11,244 | -7.7% |
| Financial debts | 170/4 | €146,888 | €135,644 | -€11,244 | -7.7% |
| Amounts payable within one year | 42/48 | €12,705 | €17,951 | +€5,246 | +41.3% |
| Current portion of amounts payable after more than one year | 42 | €11,016 | €11,244 | +€228 | +2.1% |
| Trade debts | 44 | €708 | €615 | -€93 | -13.1% |
| Suppliers | 440/4 | €708 | €615 | -€93 | -13.1% |
| Taxes, remuneration and social security | 45 | €366 | €5,378 | +€5,011 | +1,368% |
| Taxes | 450/3 | €366 | €3,721 | +€3,354 | +915% |
| Remuneration and social security | 454/9 | - | €1,657 | +€1,657 | |
| Other amounts payable | 47/48 | €614 | €714 | +€100 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €976 | €10,540 | +€9,564 | +980% |
| Other operating charges | 640/8 | €3,776 | €3,232 | -€544 | -14.4% |
| Gross operating margin | 9900 | €2,993 | €32,009 | +€29,017 | +970% |
| Operating profit (loss) | 9901 | -€1,758 | €18,238 | +€19,996 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +3,633% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +3,633% |
| Financial charges | 65/66B | €3,670 | €3,322 | -€348 | -9.5% |
| Recurring financial charges | 65 | €3,670 | €3,322 | -€348 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,429 | €14,916 | +€20,345 | |
| Income taxes | 67/77 | €640 | €3,227 | +€2,587 | +404% |
| Profit (loss) for the period | 9904 | -€6,069 | €11,689 | +€17,757 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,069 | €11,689 | +€17,757 |
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 6 November 2026 via checked.be.