Maurell: 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.
Maurell
Largest movements
- Cash +€4,091
up €4,091 (+3.2%), from €126,853 to €130,944
mainly Other debts (+€116,895) and Net result for the year (+€72,292)
- Receivables within one year -€2,412
down €2,412 (-14.9%), from €16,190 to €13,778
of which Other amounts receivable: -€4,816
- Other debts +€116,895
up €116,895, from €0 to €116,895
- Reserves -€112,500
down €112,500 (-100%), from €112,500 to €0
- Tax, wage and social debts +€6,119
up €6,119 (+41.6%), from €14,710 to €20,829
of which Taxes: +€9,119
- Debts after one year -€4,096
down €4,096 (-79.9%), from €5,129 to €1,033
- Contributions -€3,700
down €3,700 (-59.7%), from €6,200 to €2,500
- Gross operating margin +€61,572
up €61,572 (+165%), from €37,417 to €98,989
- Taxes +€11,807
up €11,807 (+139%), from €8,492 to €20,299
- Financial charges +€3,235
up €3,235 (+194%), from €1,667 to €4,903
- Other operating charges -€1,361
down €1,361 (-61.2%), from €2,225 to €864
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 | €145,447 | €147,218 | +€1,772 | +1.2% |
| Fixed assets | 21/28 | €691 | €1,055 | +€363 | +52.6% |
| Tangible fixed assets | 22/27 | €691 | €1,055 | +€363 | +52.6% |
| Furniture and vehicles | 24 | €691 | €1,055 | +€363 | +52.6% |
| Current assets | 29/58 | €144,755 | €146,164 | +€1,408 | +1.0% |
| Amounts receivable within one year | 40/41 | €16,190 | €13,778 | -€2,412 | -14.9% |
| Trade receivables | 40 | €11,374 | €13,778 | +€2,404 | +21.1% |
| Other amounts receivable | 41 | €4,816 | €0 | -€4,816 | -100% |
| Cash at bank and in hand | 54/58 | €126,853 | €130,944 | +€4,091 | +3.2% |
| Deferred charges and accrued income | 490/1 | €1,712 | €1,441 | -€271 | -15.8% |
| Total equity and liabilities | 10/49 | €145,447 | €147,218 | +€1,772 | +1.2% |
| Equity | 10/15 | €118,773 | €2,865 | -€115,908 | -97.6% |
| Contributions | 10/11 | €6,200 | €2,500 | -€3,700 | -59.7% |
| Reserves | 13 | €112,500 | €0 | -€112,500 | -100% |
| Distributable reserves | 133 | €112,500 | €0 | -€112,500 | -100% |
| Profit (loss) carried forward | 14 | €73 | €365 | +€292 | +399% |
| Amounts payable | 17/49 | €26,674 | €144,354 | +€117,680 | +441% |
| Amounts payable after more than one year | 17 | €5,129 | €1,033 | -€4,096 | -79.9% |
| Financial debts | 170/4 | €5,129 | €1,033 | -€4,096 | -79.9% |
| Amounts payable within one year | 42/48 | €21,544 | €143,321 | +€121,777 | +565% |
| Current portion of amounts payable after more than one year | 42 | €4,041 | €4,096 | +€56 | +1.4% |
| Trade debts | 44 | €2,794 | €1,500 | -€1,294 | -46.3% |
| Suppliers | 440/4 | €2,794 | €1,500 | -€1,294 | -46.3% |
| Taxes, remuneration and social security | 45 | €14,710 | €20,829 | +€6,119 | +41.6% |
| Taxes | 450/3 | €11,710 | €20,829 | +€9,119 | +77.9% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts payable | 47/48 | €0 | €116,895 | +€116,895 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €764 | €710 | -€54 | -7.1% |
| Other operating charges | 640/8 | €2,225 | €864 | -€1,361 | -61.2% |
| Gross operating margin | 9900 | €37,417 | €98,989 | +€61,572 | +165% |
| Operating profit (loss) | 9901 | €34,427 | €97,414 | +€62,987 | +183% |
| Financial income | 75/76B | €0 | €79 | +€79 | |
| Recurring financial income | 75 | €0 | €79 | +€79 | |
| Financial charges | 65/66B | €1,667 | €4,903 | +€3,235 | +194% |
| Recurring financial charges | 65 | €1,667 | €4,903 | +€3,235 | +194% |
| Profit (loss) for the period before taxes | 9903 | €32,760 | €92,590 | +€59,831 | +183% |
| Income taxes | 67/77 | €8,492 | €20,299 | +€11,807 | +139% |
| Profit (loss) for the period | 9904 | €24,268 | €72,292 | +€48,024 | +198% |
| Profit (loss) for the period to be appropriated | 9905 | €24,268 | €72,292 | +€48,024 | +198% |
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 14 October 2026 via checked.be.