Maurielle: 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.
Maurielle
Largest movements
- Tangible fixed assets +€534,072
up €534,072 (+93.2%), from €572,864 to €1.1m
of which Land and buildings: +€501,157
- Intangible fixed assets +€204,757
up €204,757 (+205%), from €100,026 to €304,783
- Receivables within one year +€122,113
up €122,113 (+156%), from €78,147 to €200,260
of which Trade receivables: +€123,738
- Cash +€79,464
up €79,464 (+94.0%), from €84,551 to €164,015
mainly Debts after one year (+€677,058) and Net result for the year (+€160,010)
- Debts after one year +€677,058
up €677,058 (+130%), from €521,557 to €1.2m
- Reserves +€100,997
up €100,997 (+50.8%), from €199,007 to €300,005
of which Distributable reserves: +€100,997
- Tax, wage and social debts +€100,087
up €100,087 (+204%), from €48,954 to €149,041
of which Taxes: +€81,952
- Current portion of long-term debt +€45,973
up €45,973 (+98.7%), from €46,596 to €92,568
- Gross operating margin +€224,364
up €224,364 (+50.0%), from €448,357 to €672,721
- Staff costs +€64,962
up €64,962 (+23.0%), from €282,938 to €347,900
- Taxes +€36,235
up €36,235 (+188%), from €19,262 to €55,496
- Financial charges +€25,214
up €25,214 (+216%), from €11,650 to €36,864
- Depreciation +€8,856
up €8,856 (+15.6%), from €56,793 to €65,649
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 | €869,815 | €1,813,198 | +€943,384 | +108% |
| Fixed assets | 21/28 | €681,630 | €1,420,459 | +€738,829 | +108% |
| Intangible fixed assets | 21 | €100,026 | €304,783 | +€204,757 | +205% |
| Tangible fixed assets | 22/27 | €572,864 | €1,106,937 | +€534,072 | +93.2% |
| Land and buildings | 22 | €546,480 | €1,047,638 | +€501,157 | +91.7% |
| Furniture and vehicles | 24 | €20,308 | €54,892 | +€34,584 | +170% |
| Other tangible fixed assets | 26 | €6,076 | €4,407 | -€1,669 | -27.5% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €8,739 | €8,739 | = | 0.0% |
| Current assets | 29/58 | €188,185 | €392,739 | +€204,554 | +109% |
| Amounts receivable within one year | 40/41 | €78,147 | €200,260 | +€122,113 | +156% |
| Trade receivables | 40 | €76,480 | €200,218 | +€123,738 | +162% |
| Other amounts receivable | 41 | €1,667 | €42 | -€1,625 | -97.5% |
| Cash at bank and in hand | 54/58 | €84,551 | €164,015 | +€79,464 | +94.0% |
| Deferred charges and accrued income | 490/1 | €25,488 | €28,465 | +€2,977 | +11.7% |
| Total equity and liabilities | 10/49 | €869,815 | €1,813,198 | +€943,384 | +108% |
| Equity | 10/15 | €218,067 | €319,064 | +€100,997 | +46.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €199,007 | €300,005 | +€100,997 | +50.8% |
| Non-distributable reserves | 130/1 | €628 | €628 | = | 0.0% |
| Reserves not available under the articles | 1311 | €628 | €628 | = | 0.0% |
| Distributable reserves | 133 | €198,379 | €299,377 | +€100,997 | +50.9% |
| Profit (loss) carried forward | 14 | €510 | €510 | = | 0.0% |
| Amounts payable | 17/49 | €651,748 | €1,494,134 | +€842,386 | +129% |
| Amounts payable after more than one year | 17 | €521,557 | €1,198,615 | +€677,058 | +130% |
| Financial debts | 170/4 | €521,557 | €1,198,615 | +€677,058 | +130% |
| Amounts payable within one year | 42/48 | €130,191 | €295,169 | +€164,978 | +127% |
| Current portion of amounts payable after more than one year | 42 | €46,596 | €92,568 | +€45,973 | +98.7% |
| Financial debts | 43 | - | €3,362 | +€3,362 | |
| Credit institutions | 430/8 | - | €3,362 | +€3,362 | |
| Trade debts | 44 | €15,924 | €31,584 | +€15,660 | +98.3% |
| Suppliers | 440/4 | €15,924 | €31,584 | +€15,660 | +98.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €48,954 | €149,041 | +€100,087 | +204% |
| Taxes | 450/3 | €14,232 | €96,184 | +€81,952 | +576% |
| Remuneration and social security | 454/9 | €34,722 | €52,856 | +€18,134 | +52.2% |
| Other amounts payable | 47/48 | €18,717 | €18,613 | -€103 | -0.6% |
| Accrued charges and deferred income | 492/3 | - | €350 | +€350 | |
| Non-recurring operating income | 76A | - | €39 | +€39 | |
| Remuneration, social security and pensions | 62 | €282,938 | €347,900 | +€64,962 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,793 | €65,649 | +€8,856 | +15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€493 | €924 | +€1,417 | |
| Other operating charges | 640/8 | €1,606 | €4,785 | +€3,179 | +198% |
| Non-recurring operating charges | 66A | €35,472 | €1,923 | -€33,549 | -94.6% |
| Gross operating margin | 9900 | €448,357 | €672,721 | +€224,364 | +50.0% |
| Operating profit (loss) | 9901 | €72,040 | €251,540 | +€179,500 | +249% |
| Financial income | 75/76B | €3,479 | €830 | -€2,649 | -76.1% |
| Recurring financial income | 75 | €2,852 | €830 | -€2,022 | -70.9% |
| Non-recurring financial income | 76B | €627 | €0 | -€627 | -100% |
| Financial charges | 65/66B | €11,650 | €36,864 | +€25,214 | +216% |
| Recurring financial charges | 65 | €11,650 | €36,864 | +€25,214 | +216% |
| Profit (loss) for the period before taxes | 9903 | €63,869 | €215,506 | +€151,637 | +237% |
| Income taxes | 67/77 | €19,262 | €55,496 | +€36,235 | +188% |
| Profit (loss) for the period | 9904 | €44,608 | €160,010 | +€115,402 | +259% |
| Profit (loss) for the period to be appropriated | 9905 | €44,608 | €160,010 | +€115,402 | +259% |
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 22 October 2026 via checked.be.