Maurice et Séverin: 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 et Séverin
Largest movements
- Stocks and contracts +€41,162
up €41,162 (+110%), from €37,336 to €78,498
- Cash -€29,453
down €29,453 (-42.3%), from €69,559 to €40,106
mainly Stocks and contracts (-€41,162) and Investment in fixed assets (net) (-€8,942)
- Profit (loss) carried forward +€9,002
up €9,002 (+90.8%), from -€9,911 to -€909
- Other debts +€8,684
up €8,684 (+8.3%), from €104,825 to €113,509
- Trade debts -€6,562
no longer reported in 2025 (was €6,562)
- Gross operating margin +€25,539
up €25,539, from -€5,773 to €19,766
- Depreciation +€6,472
up €6,472 (+213%), from €3,033 to €9,505
- Financial income +€3,034
up €3,034 (+237%), from €1,280 to €4,314
- Other operating charges +€2,023
up €2,023 (+162%), from €1,246 to €3,269
- Taxes +€937
new in 2025: €937
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 | €162,048 | €174,508 | +€12,460 | +7.7% |
| Fixed assets | 21/28 | €51,897 | €51,334 | -€563 | -1.1% |
| Intangible fixed assets | 21 | €4,663 | €3,663 | -€1,000 | -21.4% |
| Tangible fixed assets | 22/27 | €37,304 | €37,741 | +€437 | +1.2% |
| Plant, machinery and equipment | 23 | - | €2,129 | +€2,129 | |
| Furniture and vehicles | 24 | €37,304 | €35,612 | -€1,692 | -4.5% |
| Financial fixed assets | 28 | €9,930 | €9,930 | = | 0.0% |
| Current assets | 29/58 | €110,151 | €123,174 | +€13,023 | +11.8% |
| Stocks and contracts in progress | 3 | €37,336 | €78,498 | +€41,162 | +110% |
| Stocks | 30/36 | €37,336 | €78,498 | +€41,162 | +110% |
| Amounts receivable within one year | 40/41 | €606 | €1,606 | +€1,000 | +165% |
| Trade receivables | 40 | €606 | €462 | -€144 | -23.8% |
| Other amounts receivable | 41 | - | €1,144 | +€1,144 | |
| Cash at bank and in hand | 54/58 | €69,559 | €40,106 | -€29,453 | -42.3% |
| Deferred charges and accrued income | 490/1 | €2,650 | €2,964 | +€314 | +11.8% |
| Total equity and liabilities | 10/49 | €162,048 | €174,508 | +€12,460 | +7.7% |
| Equity | 10/15 | €40,089 | €49,091 | +€9,002 | +22.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,911 | -€909 | +€9,002 | +90.8% |
| Amounts payable | 17/49 | €121,959 | €125,417 | +€3,458 | +2.8% |
| Amounts payable within one year | 42/48 | €121,959 | €125,417 | +€3,458 | +2.8% |
| Trade debts | 44 | €6,562 | - | -€6,562 | |
| Suppliers | 440/4 | €6,562 | - | -€6,562 | |
| Taxes, remuneration and social security | 45 | €10,572 | €11,908 | +€1,336 | +12.6% |
| Taxes | 450/3 | €9,738 | €11,908 | +€2,170 | +22.3% |
| Remuneration and social security | 454/9 | €834 | - | -€834 | |
| Other amounts payable | 47/48 | €104,825 | €113,509 | +€8,684 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,033 | €9,505 | +€6,472 | +213% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €241 | +€241 | |
| Other operating charges | 640/8 | €1,246 | €3,269 | +€2,023 | +162% |
| Gross operating margin | 9900 | -€5,773 | €19,766 | +€25,539 | |
| Operating profit (loss) | 9901 | -€10,052 | €6,751 | +€16,803 | |
| Financial income | 75/76B | €1,280 | €4,314 | +€3,034 | +237% |
| Recurring financial income | 75 | €1,280 | €4,314 | +€3,034 | +237% |
| Financial charges | 65/66B | €1,139 | €1,126 | -€13 | -1.1% |
| Recurring financial charges | 65 | €1,139 | €1,126 | -€13 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,911 | €9,939 | +€19,850 | |
| Income taxes | 67/77 | - | €937 | +€937 | |
| Profit (loss) for the period | 9904 | -€9,911 | €9,002 | +€18,913 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,911 | €9,002 | +€18,913 |
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 28 October 2026 via checked.be.