MAUREL: 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.
MAUREL
Largest movements
- Receivables within one year -€78,817
down €78,817 (-87.3%), from €90,233 to €11,415
of which Other amounts receivable: -€40,361
- Receivables after one year +€43,537
new in 2025: €43,537
- Cash -€3,102
down €3,102 (-55.0%), from €5,643 to €2,541
mainly Receivables after one year (-€43,537) and Trade debts (-€33,590)
- Stocks and contracts -€2,881
no longer reported in 2025 (was €2,881)
- Tangible fixed assets -€1,667
down €1,667 (-100.0%), from €1,667 to €0
- Trade debts -€33,590
down €33,590 (-81.6%), from €41,184 to €7,593
- Tax, wage and social debts -€7,965
down €7,965 (-66.2%), from €12,027 to €4,062
of which Taxes: -€7,102
- Profit (loss) carried forward +€4,152
up €4,152 (+35.5%), from €11,686 to €15,838
- Current portion of long-term debt -€3,272
down €3,272 (-100.0%), from €3,272 to €0
- Other debts -€2,000
no longer reported in 2025 (was €2,000)
- Gross operating margin -€20,110
down €20,110 (-50.5%), from €39,849 to €19,739
- Taxes -€4,634
down €4,634 (-71.8%), from €6,454 to €1,820
- Depreciation -€2,674
down €2,674 (-60.3%), from €4,433 to €1,759
- Financial income -€1,024
down €1,024 (-47.1%), from €2,176 to €1,152
- Other operating charges -€968
down €968 (-39.2%), from €2,468 to €1,500
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,516 | €57,493 | -€43,023 | -42.8% |
| Formation expenses | 20 | €92 | €0 | -€92 | -100.0% |
| Fixed assets | 21/28 | €1,667 | €0 | -€1,667 | -100.0% |
| Tangible fixed assets | 22/27 | €1,667 | €0 | -€1,667 | -100.0% |
| Plant, machinery and equipment | 23 | €1,667 | €0 | -€1,667 | -100.0% |
| Current assets | 29/58 | €98,757 | €57,493 | -€41,264 | -41.8% |
| Amounts receivable after more than one year | 29 | - | €43,537 | +€43,537 | |
| Other amounts receivable | 291 | - | €43,537 | +€43,537 | |
| Stocks and contracts in progress | 3 | €2,881 | - | -€2,881 | |
| Stocks | 30/36 | €2,881 | - | -€2,881 | |
| Amounts receivable within one year | 40/41 | €90,233 | €11,415 | -€78,817 | -87.3% |
| Trade receivables | 40 | €47,443 | €8,987 | -€38,456 | -81.1% |
| Other amounts receivable | 41 | €42,789 | €2,428 | -€40,361 | -94.3% |
| Cash at bank and in hand | 54/58 | €5,643 | €2,541 | -€3,102 | -55.0% |
| Total equity and liabilities | 10/49 | €100,516 | €57,493 | -€43,023 | -42.8% |
| Equity | 10/15 | €41,686 | €45,838 | +€4,152 | +10.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,686 | €15,838 | +€4,152 | +35.5% |
| Amounts payable | 17/49 | €58,830 | €11,655 | -€47,175 | -80.2% |
| Amounts payable within one year | 42/48 | €58,483 | €11,655 | -€46,828 | -80.1% |
| Current portion of amounts payable after more than one year | 42 | €3,272 | €0 | -€3,272 | -100.0% |
| Trade debts | 44 | €41,184 | €7,593 | -€33,590 | -81.6% |
| Suppliers | 440/4 | €41,184 | €7,593 | -€33,590 | -81.6% |
| Taxes, remuneration and social security | 45 | €12,027 | €4,062 | -€7,965 | -66.2% |
| Taxes | 450/3 | €11,164 | €4,062 | -€7,102 | -63.6% |
| Remuneration and social security | 454/9 | €864 | - | -€864 | |
| Other amounts payable | 47/48 | €2,000 | - | -€2,000 | |
| Accrued charges and deferred income | 492/3 | €348 | - | -€348 | |
| Remuneration, social security and pensions | 62 | €8,119 | €7,857 | -€262 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,433 | €1,759 | -€2,674 | -60.3% |
| Other operating charges | 640/8 | €2,468 | €1,500 | -€968 | -39.2% |
| Gross operating margin | 9900 | €39,849 | €19,739 | -€20,110 | -50.5% |
| Operating profit (loss) | 9901 | €24,829 | €8,624 | -€16,205 | -65.3% |
| Financial income | 75/76B | €2,176 | €1,152 | -€1,024 | -47.1% |
| Recurring financial income | 75 | €2,176 | €1,152 | -€1,024 | -47.1% |
| Financial charges | 65/66B | €4,080 | €3,803 | -€277 | -6.8% |
| Recurring financial charges | 65 | €4,080 | €3,803 | -€277 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €22,925 | €5,973 | -€16,952 | -73.9% |
| Income taxes | 67/77 | €6,454 | €1,820 | -€4,634 | -71.8% |
| Profit (loss) for the period | 9904 | €16,471 | €4,152 | -€12,318 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,471 | €4,152 | -€12,318 | -74.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.