MAURICE: 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
MAURICE
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€277,422
2024 · €209,412+€68,010
Equity
€1.0m
2024 · €976,078+€26,307
Cash
€107,475
2024 · €111,944-€4,470
Balance sheet total
€1.6m
2024 · €1.7m-€113,266
Largest movements
Assets
- Receivables within one year -€101,638
down €101,638 (-84.3%), from €120,627 to €18,989
of which Other amounts receivable: -€101,638
Equity and liabilities
- Debts after one year -€144,100
down €144,100 (-29.2%), from €493,625 to €349,525
- Reserves +€26,307
up €26,307 (+2.8%), from €956,078 to €982,385
Income statement
- Financial income +€110,413
up €110,413 (+1697.7%), from €6,504 to €116,917
- Gross operating margin -€60,115
down €60,115 (-19.9%), from €301,874 to €241,759
- Taxes -€16,408
down €16,408 (-22.5%), from €72,893 to €56,485
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
€209,412
Gross operating margin
-€60,115
Depreciation
-€491
Other operating charges
-€287
Other operating items
-€207
Financial income
+€110,413
Financial charges
+€2,289
Taxes
+€16,408
Result 2025
€277,422
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
+€407,020
Investment
-€16,275
Financing
-€395,215
Cash 2024
€111,944
From operations (derived)
+€407,020
Net result for the year
+€277,422
Depreciation
+€16,433
Receivables within one year
+€101,638
Deferred charges and accrued income
+€7,000
Trade debts
+€24
Tax, wage and social debts
-€5,003
Other debts
+€9,506
Investment (derived)
-€16,275
Investment in fixed assets (net)
-€16,275
Financing
-€395,215
Debts after one year
-€144,100
Contributions, distributions and other
-€251,115
Cash 2025
€107,475
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,687,302 | €1,574,037 | -€113,266 | -6.7% |
| Fixed assets | 21/28 | €1,445,081 | €1,444,923 | -€158 | 0.0% |
| Tangible fixed assets | 22/27 | €34,681 | €34,523 | -€158 | -0.5% |
| Plant, machinery and equipment | 23 | €1,866 | €1,370 | -€496 | -26.6% |
| Furniture and vehicles | 24 | €32,815 | €33,153 | +€338 | +1.0% |
| Financial fixed assets | 28 | €1,410,400 | €1,410,400 | = | 0.0% |
| Current assets | 29/58 | €242,221 | €129,114 | -€113,107 | -46.7% |
| Amounts receivable within one year | 40/41 | €120,627 | €18,989 | -€101,638 | -84.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €120,627 | €18,989 | -€101,638 | -84.3% |
| Cash at bank and in hand | 54/58 | €111,944 | €107,475 | -€4,470 | -4.0% |
| Deferred charges and accrued income | 490/1 | €9,650 | €2,650 | -€7,000 | -72.5% |
| Total equity and liabilities | 10/49 | €1,687,302 | €1,574,037 | -€113,266 | -6.7% |
| Equity | 10/15 | €976,078 | €1,002,385 | +€26,307 | +2.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €956,078 | €982,385 | +€26,307 | +2.8% |
| Distributable reserves | 133 | €956,078 | €982,385 | +€26,307 | +2.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €711,224 | €571,652 | -€139,573 | -19.6% |
| Amounts payable after more than one year | 17 | €493,625 | €349,525 | -€144,100 | -29.2% |
| Financial debts | 170/4 | €493,625 | €349,525 | -€144,100 | -29.2% |
| Amounts payable within one year | 42/48 | €217,599 | €222,126 | +€4,527 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €144,100 | €144,100 | = | 0.0% |
| Trade debts | 44 | €479 | €503 | +€24 | +5.1% |
| Suppliers | 440/4 | €479 | €503 | +€24 | +5.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €21,969 | €16,966 | -€5,003 | -22.8% |
| Taxes | 450/3 | €21,969 | €16,966 | -€5,003 | -22.8% |
| Other amounts payable | 47/48 | €51,051 | €60,557 | +€9,506 | +18.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,942 | €16,433 | +€491 | +3.1% |
| Other operating charges | 640/8 | €1,089 | €1,376 | +€287 | +26.3% |
| Non-recurring operating charges | 66A | €0 | €207 | +€207 | |
| Gross operating margin | 9900 | €301,874 | €241,759 | -€60,115 | -19.9% |
| Operating profit (loss) | 9901 | €284,843 | €223,743 | -€61,100 | -21.5% |
| Financial income | 75/76B | €6,504 | €116,917 | +€110,413 | +1697.7% |
| Recurring financial income | 75 | €6,504 | €116,917 | +€110,413 | +1697.7% |
| Financial charges | 65/66B | €9,041 | €6,752 | -€2,289 | -25.3% |
| Recurring financial charges | 65 | €9,041 | €6,752 | -€2,289 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €282,305 | €333,907 | +€51,602 | +18.3% |
| Income taxes | 67/77 | €72,893 | €56,485 | -€16,408 | -22.5% |
| Profit (loss) for the period | 9904 | €209,412 | €277,422 | +€68,010 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €209,412 | €277,422 | +€68,010 | +32.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.