MAURIC BELGIUM: 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.
MAURIC BELGIUM
Largest movements
- Stocks and contracts +€2.1m
up €2.1m (+462%), from €448,794 to €2.5m
- Receivables within one year -€1.2m
down €1.2m (-38.0%), from €3.1m to €1.9m
of which Trade receivables: -€1.2m
- Cash +€1.2m
up €1.2m (+380%), from €306,785 to €1.5m
mainly Advances received (+€1.3m) and Receivables within one year (+€1.2m)
- Tangible fixed assets -€133,148
down €133,148 (-31.5%), from €422,756 to €289,607
of which Plant, machinery and equipment: -€135,416
- Advances received +€1.3m
up €1.3m (+113%), from €1.2m to €2.5m
- Other debts +€554,918
up €554,918 (+213%), from €260,082 to €815,000
- Gross operating margin +€924,253
up €924,253 (+130%), from €709,098 to €1.6m
- Taxes +€142,969
up €142,969 (+133%), from €107,869 to €250,838
- Staff costs +€129,610
up €129,610 (+43.7%), from €296,782 to €426,392
- Depreciation +€41,369
up €41,369 (+43.4%), from €95,246 to €136,615
- Financial charges +€17,775
up €17,775 (+336%), from €5,296 to €23,071
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 | €4,318,493 | €6,234,428 | +€1.9m | +44.4% |
| Fixed assets | 21/28 | €423,011 | €289,862 | -€133,148 | -31.5% |
| Tangible fixed assets | 22/27 | €422,756 | €289,607 | -€133,148 | -31.5% |
| Plant, machinery and equipment | 23 | €421,057 | €285,640 | -€135,416 | -32.2% |
| Furniture and vehicles | 24 | €1,699 | €3,967 | +€2,268 | +133% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €3,895,482 | €5,944,566 | +€2.0m | +52.6% |
| Stocks and contracts in progress | 3 | €448,794 | €2,524,434 | +€2.1m | +462% |
| Contracts in progress | 37 | €448,794 | €2,524,434 | +€2.1m | +462% |
| Amounts receivable within one year | 40/41 | €3,136,658 | €1,944,058 | -€1.2m | -38.0% |
| Trade receivables | 40 | €2,902,645 | €1,662,088 | -€1.2m | -42.7% |
| Other amounts receivable | 41 | €234,012 | €281,970 | +€47,957 | +20.5% |
| Cash at bank and in hand | 54/58 | €306,785 | €1,472,719 | +€1.2m | +380% |
| Deferred charges and accrued income | 490/1 | €3,245 | €3,355 | +€110 | +3.4% |
| Total equity and liabilities | 10/49 | €4,318,493 | €6,234,428 | +€1.9m | +44.4% |
| Equity | 10/15 | €306,376 | €295,201 | -€11,176 | -3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €287,776 | €276,601 | -€11,176 | -3.9% |
| Amounts payable | 17/49 | €4,012,117 | €5,939,227 | +€1.9m | +48.0% |
| Amounts payable within one year | 42/48 | €4,012,117 | €5,939,225 | +€1.9m | +48.0% |
| Trade debts | 44 | €2,459,922 | €2,498,673 | +€38,751 | +1.6% |
| Suppliers | 440/4 | €2,459,922 | €2,498,673 | +€38,751 | +1.6% |
| Advances received on contracts in progress | 46 | €1,179,748 | €2,517,464 | +€1.3m | +113% |
| Taxes, remuneration and social security | 45 | €112,365 | €108,087 | -€4,277 | -3.8% |
| Taxes | 450/3 | €70,882 | €55,137 | -€15,746 | -22.2% |
| Remuneration and social security | 454/9 | €41,482 | €52,951 | +€11,468 | +27.6% |
| Other amounts payable | 47/48 | €260,082 | €815,000 | +€554,918 | +213% |
| Accrued charges and deferred income | 492/3 | - | €2 | +€2 | |
| Remuneration, social security and pensions | 62 | €296,782 | €426,392 | +€129,610 | +43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,246 | €136,615 | +€41,369 | +43.4% |
| Other operating charges | 640/8 | €1,609 | €1,642 | +€34 | +2.1% |
| Gross operating margin | 9900 | €709,098 | €1,633,351 | +€924,253 | +130% |
| Operating profit (loss) | 9901 | €315,461 | €1,068,702 | +€753,241 | +239% |
| Financial income | 75/76B | €8,815 | €9,031 | +€215 | +2.4% |
| Recurring financial income | 75 | €8,815 | €9,031 | +€215 | +2.4% |
| Financial charges | 65/66B | €5,296 | €23,071 | +€17,775 | +336% |
| Recurring financial charges | 65 | €5,296 | €23,071 | +€17,775 | +336% |
| Profit (loss) for the period before taxes | 9903 | €318,980 | €1,054,662 | +€735,682 | +231% |
| Income taxes | 67/77 | €107,869 | €250,838 | +€142,969 | +133% |
| Profit (loss) for the period | 9904 | €211,111 | €803,824 | +€592,713 | +281% |
| Profit (loss) for the period to be appropriated | 9905 | €211,111 | €803,824 | +€592,713 | +281% |
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 26 October 2026 via checked.be.