Maurice DP: 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 DP
Largest movements
- Tangible fixed assets +€10,297
up €10,297 (+9.4%), from €109,564 to €119,861
of which Other tangible fixed assets: +€20,761
- Deferred charges and accrued income +€4,134
up €4,134 (+208%), from €1,986 to €6,119
- Cash +€2,906
up €2,906 (+5.8%), from €50,129 to €53,035
mainly Depreciation (+€47,488) and Net result for the year (+€30,737)
- Receivables within one year +€2,788
up €2,788 (+29.7%), from €9,401 to €12,189
of which Other amounts receivable: +€7,064
- Reserves +€30,737
up €30,737 (+67.0%), from €45,842 to €76,580
- Debts after one year -€12,723
down €12,723 (-59.8%), from €21,273 to €8,551
- Tax, wage and social debts +€11,729
up €11,729 (+50.7%), from €23,148 to €34,877
of which Taxes: +€8,602
- Other debts -€6,602
down €6,602 (-20.8%), from €31,795 to €25,193
- Accrued charges and deferred income -€5,700
no longer reported in 2025 (was €5,700)
- Gross operating margin +€64,530
up €64,530 (+33.2%), from €194,332 to €258,862
- Staff costs +€31,081
up €31,081 (+22.4%), from €138,501 to €169,582
- Depreciation +€13,071
up €13,071 (+38.0%), from €34,417 to €47,488
- Taxes +€2,930
up €2,930 (+70.8%), from €4,140 to €7,069
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 | €186,968 | €207,790 | +€20,822 | +11.1% |
| Fixed assets | 21/28 | €117,951 | €128,123 | +€10,173 | +8.6% |
| Intangible fixed assets | 21 | €124 | - | -€124 | |
| Tangible fixed assets | 22/27 | €109,564 | €119,861 | +€10,297 | +9.4% |
| Plant, machinery and equipment | 23 | €54,127 | €43,649 | -€10,478 | -19.4% |
| Furniture and vehicles | 24 | €4,354 | €15,015 | +€10,662 | +245% |
| Leasing and similar rights | 25 | €38,092 | €27,445 | -€10,648 | -28.0% |
| Other tangible fixed assets | 26 | €12,992 | €33,753 | +€20,761 | +160% |
| Financial fixed assets | 28 | €8,262 | €8,262 | = | 0.0% |
| Current assets | 29/58 | €69,018 | €79,667 | +€10,649 | +15.4% |
| Stocks and contracts in progress | 3 | €7,502 | €8,323 | +€821 | +11.0% |
| Stocks | 30/36 | €7,502 | €8,323 | +€821 | +11.0% |
| Amounts receivable within one year | 40/41 | €9,401 | €12,189 | +€2,788 | +29.7% |
| Trade receivables | 40 | €6,222 | €1,947 | -€4,275 | -68.7% |
| Other amounts receivable | 41 | €3,178 | €10,242 | +€7,064 | +222% |
| Cash at bank and in hand | 54/58 | €50,129 | €53,035 | +€2,906 | +5.8% |
| Deferred charges and accrued income | 490/1 | €1,986 | €6,119 | +€4,134 | +208% |
| Total equity and liabilities | 10/49 | €186,968 | €207,790 | +€20,822 | +11.1% |
| Equity | 10/15 | €65,842 | €96,580 | +€30,737 | +46.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €45,842 | €76,580 | +€30,737 | +67.0% |
| Distributable reserves | 133 | €45,842 | €76,580 | +€30,737 | +67.0% |
| Amounts payable | 17/49 | €121,126 | €111,210 | -€9,915 | -8.2% |
| Amounts payable after more than one year | 17 | €21,273 | €8,551 | -€12,723 | -59.8% |
| Financial debts | 170/4 | €21,273 | €8,551 | -€12,723 | -59.8% |
| Amounts payable within one year | 42/48 | €94,152 | €102,660 | +€8,507 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €11,692 | €12,723 | +€1,031 | +8.8% |
| Trade debts | 44 | €27,518 | €29,868 | +€2,350 | +8.5% |
| Suppliers | 440/4 | €27,518 | €29,868 | +€2,350 | +8.5% |
| Taxes, remuneration and social security | 45 | €23,148 | €34,877 | +€11,729 | +50.7% |
| Taxes | 450/3 | €17,430 | €26,032 | +€8,602 | +49.4% |
| Remuneration and social security | 454/9 | €5,718 | €8,845 | +€3,127 | +54.7% |
| Other amounts payable | 47/48 | €31,795 | €25,193 | -€6,602 | -20.8% |
| Accrued charges and deferred income | 492/3 | €5,700 | - | -€5,700 | |
| Remuneration, social security and pensions | 62 | €138,501 | €169,582 | +€31,081 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,417 | €47,488 | +€13,071 | +38.0% |
| Other operating charges | 640/8 | €2,581 | €2,637 | +€56 | +2.2% |
| Gross operating margin | 9900 | €194,332 | €258,862 | +€64,530 | +33.2% |
| Operating profit (loss) | 9901 | €18,833 | €39,156 | +€20,322 | +108% |
| Financial income | 75/76B | €27 | €183 | +€155 | +565% |
| Recurring financial income | 75 | €27 | €183 | +€155 | +565% |
| Financial charges | 65/66B | €1,895 | €1,531 | -€363 | -19.2% |
| Recurring financial charges | 65 | €1,895 | €1,531 | -€363 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €16,966 | €37,807 | +€20,840 | +123% |
| Income taxes | 67/77 | €4,140 | €7,069 | +€2,930 | +70.8% |
| Profit (loss) for the period | 9904 | €12,827 | €30,737 | +€17,911 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €12,827 | €30,737 | +€17,911 | +140% |
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.