MAURICE VAN DE PUTTE: 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 VAN DE PUTTE
Largest movements
- Receivables within one year +€212,694
up €212,694 (+302%), from €70,465 to €283,159
of which Trade receivables: +€216,466
- Stocks and contracts -€71,000
down €71,000 (-22.3%), from €318,450 to €247,450
- Tangible fixed assets -€16,602
down €16,602 (-28.5%), from €58,230 to €41,627
of which Furniture and vehicles: -€11,614
- Reserves +€79,535
up €79,535 (+48.1%), from €165,453 to €244,989
of which Distributable reserves: +€79,535
- Trade debts +€47,941
up €47,941 (+60.4%), from €79,355 to €127,296
- Tax, wage and social debts +€39,115
up €39,115 (+1,223%), from €3,197 to €42,312
- Other debts -€30,438
down €30,438 (-24.8%), from €122,925 to €92,487
- Short-term financial debts -€13,400
down €13,400 (-27.6%), from €48,576 to €35,176
- Gross operating margin +€134,463
up €134,463 (+626%), from €21,477 to €155,939
- Taxes +€41,236
up €41,236 (+4,488%), from €919 to €42,155
- Write-downs +€8,797
up €8,797, from -€8,797 to €0
- Other operating charges +€2,412
up €2,412 (+136%), from €1,768 to €4,180
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 | €460,085 | €579,492 | +€119,407 | +26.0% |
| Fixed assets | 21/28 | €58,230 | €41,627 | -€16,602 | -28.5% |
| Tangible fixed assets | 22/27 | €58,230 | €41,627 | -€16,602 | -28.5% |
| Land and buildings | 22 | €12,346 | €10,857 | -€1,489 | -12.1% |
| Plant, machinery and equipment | 23 | €15,292 | €11,792 | -€3,500 | -22.9% |
| Furniture and vehicles | 24 | €30,591 | €18,978 | -€11,614 | -38.0% |
| Current assets | 29/58 | €401,856 | €537,865 | +€136,009 | +33.8% |
| Stocks and contracts in progress | 3 | €318,450 | €247,450 | -€71,000 | -22.3% |
| Stocks | 30/36 | €318,450 | €247,450 | -€71,000 | -22.3% |
| Amounts receivable within one year | 40/41 | €70,465 | €283,159 | +€212,694 | +302% |
| Trade receivables | 40 | €64,391 | €280,857 | +€216,466 | +336% |
| Other amounts receivable | 41 | €6,074 | €2,302 | -€3,772 | -62.1% |
| Cash at bank and in hand | 54/58 | €2,436 | €1,200 | -€1,236 | -50.7% |
| Deferred charges and accrued income | 490/1 | €10,504 | €6,056 | -€4,449 | -42.4% |
| Total equity and liabilities | 10/49 | €460,085 | €579,492 | +€119,407 | +26.0% |
| Equity | 10/15 | €171,653 | €251,189 | +€79,535 | +46.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €165,453 | €244,989 | +€79,535 | +48.1% |
| Tax-exempt reserves | 132 | €9,800 | €9,800 | = | 0.0% |
| Distributable reserves | 133 | €155,653 | €235,189 | +€79,535 | +51.1% |
| Amounts payable | 17/49 | €288,432 | €328,304 | +€39,872 | +13.8% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €254,054 | €297,271 | +€43,217 | +17.0% |
| Financial debts | 43 | €48,576 | €35,176 | -€13,400 | -27.6% |
| Credit institutions | 430/8 | €48,576 | €35,176 | -€13,400 | -27.6% |
| Trade debts | 44 | €79,355 | €127,296 | +€47,941 | +60.4% |
| Suppliers | 440/4 | €79,355 | €127,296 | +€47,941 | +60.4% |
| Taxes, remuneration and social security | 45 | €3,197 | €42,312 | +€39,115 | +1,223% |
| Taxes | 450/3 | €3,197 | €42,312 | +€39,115 | +1,223% |
| Other amounts payable | 47/48 | €122,925 | €92,487 | -€30,438 | -24.8% |
| Accrued charges and deferred income | 492/3 | €14,378 | €11,032 | -€3,346 | -23.3% |
| Non-recurring operating income | 76A | - | €3,989 | +€3,989 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,331 | €16,602 | +€1,271 | +8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,797 | €0 | +€8,797 | |
| Other operating charges | 640/8 | €1,768 | €4,180 | +€2,412 | +136% |
| Gross operating margin | 9900 | €21,477 | €155,939 | +€134,463 | +626% |
| Operating profit (loss) | 9901 | €13,175 | €135,157 | +€121,982 | +926% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €12,195 | €13,467 | +€1,272 | +10.4% |
| Recurring financial charges | 65 | €12,195 | €13,467 | +€1,272 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €980 | €121,690 | +€120,710 | +12,322% |
| Income taxes | 67/77 | €919 | €42,155 | +€41,236 | +4,488% |
| Profit (loss) for the period | 9904 | €61 | €79,535 | +€79,474 | +130,714% |
| Profit (loss) for the period to be appropriated | 9905 | €61 | €79,535 | +€79,474 | +130,714% |
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.