MAUDOUX.O: 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.
What changed
MAUDOUX.O
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€34,443
2024 · -€32,432-€2,011
Equity
€216,663
2024 · €251,106-€34,443
Cash
€6,921
2024 · -+€6,921
Balance sheet total
€955,554
2024 · €976,564-€21,010
Largest movements
Assets
- Tangible fixed assets -€52,552
down €52,552 (-7.3%), from €719,115 to €666,563
of which Land and buildings: -€47,739
- Receivables within one year +€37,653
up €37,653 (+70.5%), from €53,382 to €91,034
Equity and liabilities
- Profit (loss) carried forward -€34,443
down €34,443 (-14.4%), from -€239,855 to -€274,298
- Debts after one year -€24,867
down €24,867 (-10.6%), from €233,818 to €208,951
- Other debts +€24,213
up €24,213 (+60.4%), from €40,103 to €64,316
- Trade debts +€20,335
up €20,335 (+8.3%), from €244,398 to €264,733
- Accrued charges and deferred income +€17,025
new in 2025: €17,025
Income statement
- Turnover -€1.3m
no longer reported in 2025 (was €1.3m)
- Purchases and services +€838,906
new in 2025: €838,906
- Depreciation +€25,048
up €25,048 (+64.7%), from €38,732 to €63,780
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.
Result 2024
-€32,432
Gross operating margin
+€4,863
Staff costs
+€956
Depreciation
-€25,048
Other operating charges
+€12,267
Financial income
+€15
Financial charges
+€2,052
Taxes
+€2,884
Result 2025
-€34,443
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.
From operations
+€62,463
Investment
-€9,328
Financing
-€46,214
Cash 2024
€0
From operations (derived)
+€62,463
Net result for the year
-€34,443
Depreciation
+€63,780
Stocks and contracts
+€7,236
Receivables within one year
-€37,653
Deferred charges and accrued income
+€3,896
Trade debts
+€20,335
Tax, wage and social debts
-€1,927
Other debts
+€24,213
Accrued charges and deferred income
+€17,025
Investment (derived)
-€9,328
Investment in fixed assets (net)
-€9,328
Financing
-€46,214
Debts after one year
-€24,867
Current portion of long-term debt
-€7,195
Short-term financial debts
-€14,152
Cash 2025
€6,921
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €976,564 | €955,554 | -€21,010 | -2.2% |
| Fixed assets | 21/28 | €726,715 | €672,263 | -€54,452 | -7.5% |
| Intangible fixed assets | 21 | €7,600 | €5,700 | -€1,900 | -25.0% |
| Tangible fixed assets | 22/27 | €719,115 | €666,563 | -€52,552 | -7.3% |
| Land and buildings | 22 | €693,508 | €645,769 | -€47,739 | -6.9% |
| Plant, machinery and equipment | 23 | €1,899 | €9,569 | +€7,670 | +403.9% |
| Furniture and vehicles | 24 | €23,707 | €11,224 | -€12,483 | -52.7% |
| Current assets | 29/58 | €249,849 | €283,291 | +€33,442 | +13.4% |
| Stocks and contracts in progress | 3 | €192,572 | €185,336 | -€7,236 | -3.8% |
| Stocks | 30/36 | €192,572 | €185,336 | -€7,236 | -3.8% |
| Amounts receivable within one year | 40/41 | €53,382 | €91,034 | +€37,653 | +70.5% |
| Trade receivables | 40 | €53,382 | €91,034 | +€37,653 | +70.5% |
| Cash at bank and in hand | 54/58 | - | €6,921 | +€6,921 | |
| Deferred charges and accrued income | 490/1 | €3,896 | - | -€3,896 | |
| Total equity and liabilities | 10/49 | €976,564 | €955,554 | -€21,010 | -2.2% |
| Equity | 10/15 | €251,106 | €216,663 | -€34,443 | -13.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €484,761 | €484,761 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€239,855 | -€274,298 | -€34,443 | -14.4% |
| Amounts payable | 17/49 | €725,458 | €738,891 | +€13,433 | +1.9% |
| Amounts payable after more than one year | 17 | €233,818 | €208,951 | -€24,867 | -10.6% |
| Financial debts | 170/4 | €233,818 | €208,951 | -€24,867 | -10.6% |
| Amounts payable within one year | 42/48 | €491,641 | €512,915 | +€21,274 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €66,427 | €59,231 | -€7,195 | -10.8% |
| Financial debts | 43 | €114,152 | €100,000 | -€14,152 | -12.4% |
| Credit institutions | 430/8 | €114,152 | €100,000 | -€14,152 | -12.4% |
| Trade debts | 44 | €244,398 | €264,733 | +€20,335 | +8.3% |
| Suppliers | 440/4 | €244,398 | €264,733 | +€20,335 | +8.3% |
| Taxes, remuneration and social security | 45 | €26,562 | €24,635 | -€1,927 | -7.3% |
| Taxes | 450/3 | - | €11,269 | +€11,269 | |
| Remuneration and social security | 454/9 | €26,562 | €13,366 | -€13,195 | -49.7% |
| Other amounts payable | 47/48 | €40,103 | €64,316 | +€24,213 | +60.4% |
| Accrued charges and deferred income | 492/3 | - | €17,025 | +€17,025 | |
| Turnover | 70 | €1,348,169 | - | -€1.3m | |
| Non-recurring operating income | 76A | €11,044 | - | -€11,044 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €838,906 | +€838,906 | |
| Remuneration, social security and pensions | 62 | €149,474 | €148,518 | -€956 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,732 | €63,780 | +€25,048 | +64.7% |
| Other operating charges | 640/8 | €20,264 | €7,997 | -€12,267 | -60.5% |
| Gross operating margin | 9900 | €193,977 | €198,839 | +€4,863 | +2.5% |
| Operating profit (loss) | 9901 | -€14,493 | -€21,455 | -€6,963 | -48.0% |
| Financial income | 75/76B | €0 | €16 | +€15 | +11064.3% |
| Recurring financial income | 75 | €0 | €16 | +€15 | +11064.3% |
| Financial charges | 65/66B | €17,939 | €15,888 | -€2,052 | -11.4% |
| Recurring financial charges | 65 | €17,939 | €15,888 | -€2,052 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€32,432 | -€37,327 | -€4,895 | -15.1% |
| Income taxes | 67/77 | - | -€2,884 | -€2,884 | |
| Profit (loss) for the period | 9904 | -€32,432 | -€34,443 | -€2,011 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,432 | -€34,443 | -€2,011 | -6.2% |
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 8 October 2026 via checked.be.