Maud CARRETTE: 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.
Maud CARRETTE
Largest movements
- Tangible fixed assets +€247,364
up €247,364 (+54,441%), from €454 to €247,819
of which Land and buildings: +€237,165
- Receivables within one year -€12,057
down €12,057 (-47.4%), from €25,425 to €13,368
of which Other amounts receivable: -€10,755
- Debts after one year +€171,083
new in 2025: €171,083
- Reserves +€16,456
up €16,456 (+407%), from €4,042 to €20,499
- Current portion of long-term debt +€14,413
new in 2025: €14,413
- Tax, wage and social debts +€13,129
up €13,129 (+353%), from €3,720 to €16,849
of which Taxes: +€12,497
- Other debts +€10,863
new in 2025: €10,863
- Gross operating margin -€11,592
down €11,592 (-28.1%), from €41,218 to €29,626
- Depreciation +€6,525
up €6,525 (+718%), from €909 to €7,434
- Financial charges +€2,711
up €2,711 (+52.2%), from €5,191 to €7,902
- Taxes -€1,508
down €1,508 (-23.5%), from €6,404 to €4,896
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 | €31,444 | €263,969 | +€232,526 | +739% |
| Fixed assets | 21/28 | €764 | €247,992 | +€247,228 | +32,363% |
| Intangible fixed assets | 21 | €310 | €173 | -€136 | -44.0% |
| Tangible fixed assets | 22/27 | €454 | €247,819 | +€247,364 | +54,441% |
| Land and buildings | 22 | - | €237,165 | +€237,165 | |
| Furniture and vehicles | 24 | €329 | €10,654 | +€10,325 | +3,134% |
| Other tangible fixed assets | 26 | €125 | €0 | -€125 | -100% |
| Current assets | 29/58 | €30,680 | €15,978 | -€14,702 | -47.9% |
| Amounts receivable within one year | 40/41 | €25,425 | €13,368 | -€12,057 | -47.4% |
| Trade receivables | 40 | €13,825 | €12,524 | -€1,302 | -9.4% |
| Other amounts receivable | 41 | €11,600 | €845 | -€10,755 | -92.7% |
| Cash at bank and in hand | 54/58 | €3,464 | €2,026 | -€1,438 | -41.5% |
| Deferred charges and accrued income | 490/1 | €1,791 | €584 | -€1,207 | -67.4% |
| Total equity and liabilities | 10/49 | €31,444 | €263,969 | +€232,526 | +739% |
| Equity | 10/15 | €24,042 | €40,499 | +€16,456 | +68.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €4,042 | €20,499 | +€16,456 | +407% |
| Distributable reserves | 133 | €4,042 | €20,499 | +€16,456 | +407% |
| Amounts payable | 17/49 | €7,402 | €223,471 | +€216,069 | +2,919% |
| Amounts payable after more than one year | 17 | - | €171,083 | +€171,083 | |
| Financial debts | 170/4 | - | €171,083 | +€171,083 | |
| Amounts payable within one year | 42/48 | €7,402 | €52,388 | +€44,987 | +608% |
| Current portion of amounts payable after more than one year | 42 | - | €14,413 | +€14,413 | |
| Financial debts | 43 | - | €4,899 | +€4,899 | |
| Credit institutions | 430/8 | - | €4,899 | +€4,899 | |
| Trade debts | 44 | €3,682 | €5,365 | +€1,683 | +45.7% |
| Suppliers | 440/4 | €3,682 | €5,365 | +€1,683 | +45.7% |
| Taxes, remuneration and social security | 45 | €3,720 | €16,849 | +€13,129 | +353% |
| Taxes | 450/3 | €3,720 | €16,217 | +€12,497 | +336% |
| Remuneration and social security | 454/9 | - | €632 | +€632 | |
| Other amounts payable | 47/48 | - | €10,863 | +€10,863 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €909 | €7,434 | +€6,525 | +718% |
| Other operating charges | 640/8 | €591 | €746 | +€155 | +26.2% |
| Gross operating margin | 9900 | €41,218 | €29,626 | -€11,592 | -28.1% |
| Operating profit (loss) | 9901 | €39,719 | €21,447 | -€18,272 | -46.0% |
| Financial income | 75/76B | €454 | €853 | +€399 | +87.9% |
| Recurring financial income | 75 | €454 | €853 | +€399 | +87.9% |
| Financial charges | 65/66B | €5,191 | €7,902 | +€2,711 | +52.2% |
| Recurring financial charges | 65 | €5,191 | €7,902 | +€2,711 | +52.2% |
| Profit (loss) for the period before taxes | 9903 | €34,981 | €14,397 | -€20,584 | -58.8% |
| Income taxes | 67/77 | €6,404 | €4,896 | -€1,508 | -23.5% |
| Profit (loss) for the period | 9904 | €28,577 | €9,501 | -€19,076 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,577 | €9,501 | -€19,076 | -66.8% |
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 20 October 2026 via checked.be.