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
- Cash -€158,676
down €158,676 (-63.0%), from €251,842 to €93,167
mainly Other debts (-€138,891) and Investment in fixed assets (net) (-€36,246)
- Tangible fixed assets +€23,139
up €23,139 (+85.0%), from €27,212 to €50,351
of which Other tangible fixed assets: +€28,388
- Receivables within one year +€18,633
up €18,633 (+265%), from €7,022 to €25,655
of which Other amounts receivable: +€14,867
- Other debts -€138,891
down €138,891 (-61.2%), from €226,787 to €87,896
- Trade debts +€31,803
up €31,803 (+123%), from €25,775 to €57,579
- Tax, wage and social debts -€11,620
down €11,620 (-42.1%), from €27,593 to €15,973
of which Taxes: -€11,866
- Gross operating margin -€66,616
down €66,616 (-80.3%), from €82,991 to €16,376
- Taxes -€19,156
down €19,156 (-99.3%), from €19,292 to €136
- Financial income -€2,836
down €2,836 (-99.9%), from €2,839 to €3
- Depreciation +€1,384
up €1,384 (+11.8%), from €11,723 to €13,107
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 | €286,644 | €169,873 | -€116,770 | -40.7% |
| Fixed assets | 21/28 | €27,212 | €50,351 | +€23,139 | +85.0% |
| Tangible fixed assets | 22/27 | €27,212 | €50,351 | +€23,139 | +85.0% |
| Plant, machinery and equipment | 23 | - | €4,660 | +€4,660 | |
| Furniture and vehicles | 24 | €24,083 | €14,173 | -€9,910 | -41.1% |
| Other tangible fixed assets | 26 | €3,129 | €31,518 | +€28,388 | +907% |
| Current assets | 29/58 | €259,432 | €119,523 | -€139,909 | -53.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €7,022 | €25,655 | +€18,633 | +265% |
| Trade receivables | 40 | €5,207 | €8,973 | +€3,766 | +72.3% |
| Other amounts receivable | 41 | €1,815 | €16,682 | +€14,867 | +819% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €251,842 | €93,167 | -€158,676 | -63.0% |
| Deferred charges and accrued income | 490/1 | €567 | €701 | +€134 | +23.6% |
| Total equity and liabilities | 10/49 | €286,644 | €169,873 | -€116,770 | -40.7% |
| Equity | 10/15 | €5,000 | €4,945 | -€55 | -1.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | -€55 | -€55 | |
| Amounts payable | 17/49 | €281,644 | €164,928 | -€116,716 | -41.4% |
| Amounts payable within one year | 42/48 | €280,744 | €161,778 | -€118,966 | -42.4% |
| Financial debts | 43 | €588 | €331 | -€257 | -43.7% |
| Credit institutions | 430/8 | €588 | €331 | -€257 | -43.7% |
| Trade debts | 44 | €25,775 | €57,579 | +€31,803 | +123% |
| Suppliers | 440/4 | €25,775 | €57,579 | +€31,803 | +123% |
| Taxes, remuneration and social security | 45 | €27,593 | €15,973 | -€11,620 | -42.1% |
| Taxes | 450/3 | €27,593 | €15,727 | -€11,866 | -43.0% |
| Remuneration and social security | 454/9 | €0 | €245 | +€245 | |
| Other amounts payable | 47/48 | €226,787 | €87,896 | -€138,891 | -61.2% |
| Accrued charges and deferred income | 492/3 | €900 | €3,150 | +€2,250 | +250% |
| Remuneration, social security and pensions | 62 | €1,500 | €2,298 | +€797 | +53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,723 | €13,107 | +€1,384 | +11.8% |
| Other operating charges | 640/8 | €0 | €77 | +€77 | |
| Gross operating margin | 9900 | €82,991 | €16,376 | -€66,616 | -80.3% |
| Operating profit (loss) | 9901 | €69,768 | €894 | -€68,874 | -98.7% |
| Financial income | 75/76B | €2,839 | €3 | -€2,836 | -99.9% |
| Recurring financial income | 75 | €2,839 | €3 | -€2,836 | -99.9% |
| Financial charges | 65/66B | €207 | €815 | +€608 | +293% |
| Recurring financial charges | 65 | €207 | €815 | +€608 | +293% |
| Profit (loss) for the period before taxes | 9903 | €72,400 | €82 | -€72,318 | -99.9% |
| Income taxes | 67/77 | €19,292 | €136 | -€19,156 | -99.3% |
| Profit (loss) for the period | 9904 | €53,108 | -€55 | -€53,162 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,108 | -€55 | -€53,162 |
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 19 October 2026 via checked.be.