Maud Piers: 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 Piers
Largest movements
- Cash -€3,164
down €3,164 (-58.3%), from €5,426 to €2,262
mainly Receivables within one year (-€2,196) and Net result for the year (-€905)
- Receivables within one year +€2,196
up €2,196 (+294%), from €747 to €2,943
of which Trade receivables: +€2,070
- Profit (loss) carried forward -€905
down €905 (-15.7%), from -€5,769 to -€6,673
- Trade debts -€72
down €72 (-33.2%), from €216 to €144
- Gross operating margin +€1,821
up €1,821 (+76.3%), from -€2,387 to -€566
- Other operating charges -€247
down €247 (-46.5%), from €531 to €285
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 | €6,173 | €5,205 | -€968 | -15.7% |
| Current assets | 29/58 | €6,173 | €5,205 | -€968 | -15.7% |
| Amounts receivable within one year | 40/41 | €747 | €2,943 | +€2,196 | +294% |
| Trade receivables | 40 | - | €2,070 | +€2,070 | |
| Other amounts receivable | 41 | €747 | €872 | +€126 | +16.8% |
| Cash at bank and in hand | 54/58 | €5,426 | €2,262 | -€3,164 | -58.3% |
| Total equity and liabilities | 10/49 | €6,173 | €5,205 | -€968 | -15.7% |
| Equity | 10/15 | €1,980 | €1,075 | -€905 | -45.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,749 | €2,749 | = | 0.0% |
| Distributable reserves | 133 | €2,749 | €2,749 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,769 | -€6,673 | -€905 | -15.7% |
| Amounts payable | 17/49 | €4,193 | €4,130 | -€63 | -1.5% |
| Amounts payable within one year | 42/48 | €4,193 | €4,130 | -€63 | -1.5% |
| Trade debts | 44 | €216 | €144 | -€72 | -33.2% |
| Suppliers | 440/4 | €216 | €144 | -€72 | -33.2% |
| Taxes, remuneration and social security | 45 | - | €14 | +€14 | |
| Taxes | 450/3 | - | €14 | +€14 | |
| Other amounts payable | 47/48 | €3,977 | €3,971 | -€6 | -0.1% |
| Other operating charges | 640/8 | €531 | €285 | -€247 | -46.5% |
| Gross operating margin | 9900 | -€2,387 | -€566 | +€1,821 | +76.3% |
| Operating profit (loss) | 9901 | -€2,918 | -€851 | +€2,068 | +70.9% |
| Financial charges | 65/66B | €54 | €54 | -€0 | -0.7% |
| Recurring financial charges | 65 | €54 | €54 | -€0 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,973 | -€905 | +€2,068 | +69.6% |
| Profit (loss) for the period | 9904 | -€2,973 | -€905 | +€2,068 | +69.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,973 | -€905 | +€2,068 | +69.6% |
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 27 October 2026 via checked.be.