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 +€170,195
up €170,195 (+691%), from €24,647 to €194,842
of which Land and buildings: +€177,881
- Cash +€123,532
up €123,532 (+132%), from €93,871 to €217,404
mainly Trade debts (+€180,124) and Debts after one year (+€113,887)
- Deferred charges and accrued income +€17,750
up €17,750 (+766%), from €2,318 to €20,068
- Trade debts +€180,124
up €180,124 (+1,272%), from €14,166 to €194,291
- Debts after one year +€113,887
new in 2025: €113,887
- Other debts +€30,891
up €30,891 (+838%), from €3,684 to €34,576
- Reserves -€29,364
down €29,364 (-22.4%), from €131,043 to €101,679
- Current portion of long-term debt +€10,913
new in 2025: €10,913
- Staff costs +€46,964
up €46,964 (+34.0%), from €138,057 to €185,021
- Gross operating margin +€30,677
up €30,677 (+17.1%), from €179,034 to €209,712
- Taxes -€6,051
down €6,051 (-65.9%), from €9,188 to €3,136
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 | €207,071 | €514,947 | +€307,875 | +149% |
| Fixed assets | 21/28 | €24,647 | €194,842 | +€170,195 | +691% |
| Tangible fixed assets | 22/27 | €24,647 | €194,842 | +€170,195 | +691% |
| Land and buildings | 22 | - | €177,881 | +€177,881 | |
| Plant, machinery and equipment | 23 | €20,957 | €14,110 | -€6,847 | -32.7% |
| Furniture and vehicles | 24 | €2,217 | €1,567 | -€650 | -29.3% |
| Other tangible fixed assets | 26 | €1,473 | €1,284 | -€189 | -12.8% |
| Current assets | 29/58 | €182,424 | €320,105 | +€137,680 | +75.5% |
| Amounts receivable after more than one year | 29 | €31,320 | €32,178 | +€859 | +2.7% |
| Other amounts receivable | 291 | €31,320 | €32,178 | +€859 | +2.7% |
| Amounts receivable within one year | 40/41 | €54,915 | €50,455 | -€4,461 | -8.1% |
| Trade receivables | 40 | €42,731 | €39,711 | -€3,020 | -7.1% |
| Other amounts receivable | 41 | €12,184 | €10,744 | -€1,441 | -11.8% |
| Cash at bank and in hand | 54/58 | €93,871 | €217,404 | +€123,532 | +132% |
| Deferred charges and accrued income | 490/1 | €2,318 | €20,068 | +€17,750 | +766% |
| Total equity and liabilities | 10/49 | €207,071 | €514,947 | +€307,875 | +149% |
| Equity | 10/15 | €143,443 | €114,079 | -€29,364 | -20.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €131,043 | €101,679 | -€29,364 | -22.4% |
| Distributable reserves | 133 | €131,043 | €101,679 | -€29,364 | -22.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €63,628 | €400,868 | +€337,240 | +530% |
| Amounts payable after more than one year | 17 | - | €113,887 | +€113,887 | |
| Financial debts | 170/4 | - | €113,887 | +€113,887 | |
| Amounts payable within one year | 42/48 | €63,628 | €286,981 | +€223,353 | +351% |
| Current portion of amounts payable after more than one year | 42 | - | €10,913 | +€10,913 | |
| Financial debts | 43 | €829 | €964 | +€135 | +16.2% |
| Credit institutions | 430/8 | €829 | €964 | +€135 | +16.2% |
| Trade debts | 44 | €14,166 | €194,291 | +€180,124 | +1,272% |
| Suppliers | 440/4 | €14,166 | €194,291 | +€180,124 | +1,272% |
| Taxes, remuneration and social security | 45 | €44,948 | €46,238 | +€1,289 | +2.9% |
| Taxes | 450/3 | €27,448 | €20,241 | -€7,207 | -26.3% |
| Remuneration and social security | 454/9 | €17,500 | €25,997 | +€8,496 | +48.5% |
| Other amounts payable | 47/48 | €3,684 | €34,576 | +€30,891 | +838% |
| Remuneration, social security and pensions | 62 | €138,057 | €185,021 | +€46,964 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,614 | €8,863 | +€1,249 | +16.4% |
| Other operating charges | 640/8 | €5,310 | €6,817 | +€1,507 | +28.4% |
| Gross operating margin | 9900 | €179,034 | €209,712 | +€30,677 | +17.1% |
| Operating profit (loss) | 9901 | €28,053 | €9,010 | -€19,043 | -67.9% |
| Financial income | 75/76B | €854 | €859 | +€4 | +0.5% |
| Recurring financial income | 75 | €854 | €859 | +€4 | +0.5% |
| Financial charges | 65/66B | €6,108 | €6,453 | +€345 | +5.6% |
| Recurring financial charges | 65 | €6,108 | €6,453 | +€345 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €22,799 | €3,415 | -€19,384 | -85.0% |
| Income taxes | 67/77 | €9,188 | €3,136 | -€6,051 | -65.9% |
| Profit (loss) for the period | 9904 | €13,612 | €279 | -€13,332 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,612 | €279 | -€13,332 | -97.9% |
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 18 October 2026 via checked.be.