MAURICE: 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.
MAURICE
Largest movements
- Tangible fixed assets -€27,950
down €27,950 (-6.1%), from €458,210 to €430,260
of which Land and buildings: -€22,411
- Receivables within one year -€23,659
down €23,659 (-98.9%), from €23,934 to €275
of which Other amounts receivable: -€17,125
- Current portion of long-term debt -€47,619
down €47,619 (-100.0%), from €47,619 to €0
- Other debts -€35,317
down €35,317 (-3.3%), from €1.1m to €1.0m
- Reserves +€26,176
up €26,176 (+3.2%), from €813,579 to €839,755
- Gross operating margin -€32,400
down €32,400 (-21.3%), from €151,882 to €119,483
- Taxes +€9,292
up €9,292 (+2146.6%), from €433 to €9,725
- Financial charges -€7,131
down €7,131 (-13.5%), from €52,995 to €45,864
- Other operating charges +€5,428
up €5,428 (+59.3%), from €9,156 to €14,584
- Financial income +€4,746
up €4,746 (+6760.9%), from €70 to €4,816
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 | €2,031,696 | €1,976,278 | -€55,418 | -2.7% |
| Fixed assets | 21/28 | €1,949,800 | €1,921,851 | -€27,950 | -1.4% |
| Tangible fixed assets | 22/27 | €458,210 | €430,260 | -€27,950 | -6.1% |
| Land and buildings | 22 | €448,831 | €426,420 | -€22,411 | -5.0% |
| Plant, machinery and equipment | 23 | €9,378 | €3,840 | -€5,538 | -59.1% |
| Financial fixed assets | 28 | €1,491,591 | €1,491,591 | = | 0.0% |
| Current assets | 29/58 | €81,896 | €54,427 | -€27,469 | -33.5% |
| Amounts receivable within one year | 40/41 | €23,934 | €275 | -€23,659 | -98.9% |
| Trade receivables | 40 | €6,534 | €0 | -€6,534 | -100.0% |
| Other amounts receivable | 41 | €17,400 | €275 | -€17,125 | -98.4% |
| Cash at bank and in hand | 54/58 | €57,888 | €54,078 | -€3,810 | -6.6% |
| Deferred charges and accrued income | 490/1 | €74 | €74 | -€0 | -0.3% |
| Total equity and liabilities | 10/49 | €2,031,696 | €1,976,278 | -€55,418 | -2.7% |
| Equity | 10/15 | €913,579 | €939,755 | +€26,176 | +2.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €813,579 | €839,755 | +€26,176 | +3.2% |
| Distributable reserves | 133 | €813,579 | €839,755 | +€26,176 | +3.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,118,117 | €1,036,523 | -€81,594 | -7.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,118,117 | €1,036,523 | -€81,594 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €47,619 | €0 | -€47,619 | -100.0% |
| Trade debts | 44 | €36 | €41 | +€4 | +11.6% |
| Suppliers | 440/4 | €36 | €41 | +€4 | +11.6% |
| Taxes, remuneration and social security | 45 | €433 | €1,770 | +€1,337 | +308.9% |
| Taxes | 450/3 | €433 | €1,770 | +€1,337 | +308.9% |
| Other amounts payable | 47/48 | €1,070,029 | €1,034,712 | -€35,317 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,313 | €27,950 | -€2,363 | -7.8% |
| Other operating charges | 640/8 | €9,156 | €14,584 | +€5,428 | +59.3% |
| Gross operating margin | 9900 | €151,882 | €119,483 | -€32,400 | -21.3% |
| Operating profit (loss) | 9901 | €112,414 | €76,949 | -€35,465 | -31.5% |
| Financial income | 75/76B | €70 | €4,816 | +€4,746 | +6760.9% |
| Recurring financial income | 75 | €70 | €4,816 | +€4,746 | +6760.9% |
| Financial charges | 65/66B | €52,995 | €45,864 | -€7,131 | -13.5% |
| Recurring financial charges | 65 | €52,995 | €45,864 | -€7,131 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €59,489 | €35,901 | -€23,588 | -39.7% |
| Income taxes | 67/77 | €433 | €9,725 | +€9,292 | +2146.6% |
| Profit (loss) for the period | 9904 | €59,056 | €26,176 | -€32,880 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,056 | €26,176 | -€32,880 | -55.7% |
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 10 October 2026 via checked.be.