MB MAISON: 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.
MB MAISON
Largest movements
- Stocks and contracts +€113,227
up €113,227 (+407%), from €27,835 to €141,062
of which Contracts in progress: +€73,299
- Receivables within one year +€17,165
up €17,165 (+10.2%), from €168,170 to €185,335
of which Other amounts receivable: +€16,523
- Deferred charges and accrued income -€10,000
no longer reported in 2025 (was €10,000)
- Tangible fixed assets -€5,337
down €5,337 (-36.3%), from €14,696 to €9,359
of which Furniture and vehicles: -€5,287
- Other debts +€135,130
up €135,130 (+264%), from €51,246 to €186,376
- Tax, wage and social debts -€11,151
down €11,151 (-55.0%), from €20,266 to €9,115
of which Remuneration and social security: -€10,453
- Trade debts -€7,969
down €7,969 (-14.6%), from €54,461 to €46,492
- Gross operating margin -€79,517
down €79,517 (-41.4%), from €192,285 to €112,768
- Staff costs -€72,419
down €72,419 (-49.7%), from €145,701 to €73,282
- Financial charges +€9,184
up €9,184 (+213%), from €4,317 to €13,501
- Other operating charges -€3,855
down €3,855 (-59.2%), from €6,513 to €2,658
- Taxes +€3,703
up €3,703 (+172%), from €2,150 to €5,853
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 | €224,260 | €341,435 | +€117,175 | +52.2% |
| Fixed assets | 21/28 | €16,720 | €11,383 | -€5,337 | -31.9% |
| Tangible fixed assets | 22/27 | €14,696 | €9,359 | -€5,337 | -36.3% |
| Plant, machinery and equipment | 23 | €50 | - | -€50 | |
| Furniture and vehicles | 24 | €14,646 | €9,359 | -€5,287 | -36.1% |
| Financial fixed assets | 28 | €2,024 | €2,024 | = | 0.0% |
| Current assets | 29/58 | €207,540 | €330,052 | +€122,512 | +59.0% |
| Stocks and contracts in progress | 3 | €27,835 | €141,062 | +€113,227 | +407% |
| Stocks | 30/36 | €27,835 | €67,763 | +€39,928 | +143% |
| Contracts in progress | 37 | - | €73,299 | +€73,299 | |
| Amounts receivable within one year | 40/41 | €168,170 | €185,335 | +€17,165 | +10.2% |
| Trade receivables | 40 | €155,587 | €156,229 | +€642 | +0.4% |
| Other amounts receivable | 41 | €12,583 | €29,106 | +€16,523 | +131% |
| Cash at bank and in hand | 54/58 | €1,535 | €3,655 | +€2,120 | +138% |
| Deferred charges and accrued income | 490/1 | €10,000 | - | -€10,000 | |
| Total equity and liabilities | 10/49 | €224,260 | €341,435 | +€117,175 | +52.2% |
| Equity | 10/15 | €73,191 | €74,633 | +€1,442 | +2.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €18,911 | €18,911 | = | 0.0% |
| Distributable reserves | 133 | €18,911 | €18,911 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,688 | €37,130 | +€1,442 | +4.0% |
| Amounts payable | 17/49 | €151,069 | €266,802 | +€115,733 | +76.6% |
| Amounts payable within one year | 42/48 | €151,069 | €266,802 | +€115,733 | +76.6% |
| Financial debts | 43 | €25,096 | €24,819 | -€277 | -1.1% |
| Credit institutions | 430/8 | €25,096 | €24,819 | -€277 | -1.1% |
| Trade debts | 44 | €54,461 | €46,492 | -€7,969 | -14.6% |
| Suppliers | 440/4 | €54,461 | €46,492 | -€7,969 | -14.6% |
| Taxes, remuneration and social security | 45 | €20,266 | €9,115 | -€11,151 | -55.0% |
| Taxes | 450/3 | €9,409 | €8,711 | -€698 | -7.4% |
| Remuneration and social security | 454/9 | €10,857 | €404 | -€10,453 | -96.3% |
| Other amounts payable | 47/48 | €51,246 | €186,376 | +€135,130 | +264% |
| Remuneration, social security and pensions | 62 | €145,701 | €73,282 | -€72,419 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,791 | €5,337 | -€454 | -7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,000 | €10,000 | = | 0.0% |
| Other operating charges | 640/8 | €6,513 | €2,658 | -€3,855 | -59.2% |
| Non-recurring operating charges | 66A | €1,116 | €960 | -€156 | -14.0% |
| Gross operating margin | 9900 | €192,285 | €112,768 | -€79,517 | -41.4% |
| Operating profit (loss) | 9901 | €23,164 | €20,531 | -€2,633 | -11.4% |
| Financial income | 75/76B | €1,738 | €265 | -€1,473 | -84.8% |
| Recurring financial income | 75 | €1,738 | €265 | -€1,473 | -84.8% |
| Financial charges | 65/66B | €4,317 | €13,501 | +€9,184 | +213% |
| Recurring financial charges | 65 | €4,317 | €13,501 | +€9,184 | +213% |
| Profit (loss) for the period before taxes | 9903 | €20,585 | €7,295 | -€13,290 | -64.6% |
| Income taxes | 67/77 | €2,150 | €5,853 | +€3,703 | +172% |
| Profit (loss) for the period | 9904 | €18,435 | €1,442 | -€16,993 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,435 | €1,442 | -€16,993 | -92.2% |
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.