YVES MAENHOUT: what changed
What changed
YVES MAENHOUT
NACE 47.512, Retail sale of household textiles and bedding
filed annual accounts (NBB)
Net result for the year
€14,602
2024 · -€19,671+€34,272
Equity
€249,503
2024 · €234,901+€14,602
Cash
€21,543
2024 · €79,160-€57,616
Balance sheet total
€2.3m
2024 · €2.1m+€166,952
Largest movements
Assets
- Stocks and contracts +€366,090
up €366,090 (+29.1%), from €1.3m to €1.6m
- Receivables within one year -€103,528
down €103,528 (-22.8%), from €453,535 to €350,007
of which Trade receivables: -€89,221
- Cash -€57,616
down €57,616 (-72.8%), from €79,160 to €21,543
mainly Stocks and contracts (-€366,090) and Trade debts (-€74,097)
- Tangible fixed assets -€37,422
down €37,422 (-12.5%), from €298,342 to €260,919
of which Plant, machinery and equipment: -€24,063
Equity and liabilities
- Other debts +€111,847
up €111,847 (+27.0%), from €414,967 to €526,813
- Short-term financial debts +€100,000
up €100,000 (+50.0%), from €200,000 to €300,000
- Trade debts -€74,097
down €74,097 (-19.8%), from €373,934 to €299,838
- Provisions -€40,000
down €40,000 (-100%), from €40,000 to €0
- Accrued charges and deferred income +€23,812
new in 2025: €23,812
Income statement
- Taxes -€38,182
down €38,182, from €916 to -€37,266
- Staff costs +€13,451
up €13,451 (+2.2%), from €604,336 to €617,788
- Financial charges -€12,649
down €12,649 (-26.5%), from €47,651 to €35,002
- Depreciation +€7,873
up €7,873 (+16.4%), from €48,113 to €55,986
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€19,671
Gross operating margin
+€3,621
Staff costs
-€13,451
Depreciation
-€7,873
Write-downs
-€3,887
Other operating charges
+€3,610
Financial income
+€1,422
Financial charges
+€12,649
Taxes
+€38,182
Result 2025
€14,602
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€153,830
Investment
-€18,563
Financing
+€114,777
Cash 2024
€79,160
From operations (derived)
-€153,830
Net result for the year
+€14,602
Depreciation
+€55,986
Stocks and contracts
-€366,090
Receivables within one year
+€103,528
Deferred charges and accrued income
+€571
Provisions
-€40,000
Trade debts
-€74,097
Tax, wage and social debts
+€16,012
Other debts
+€111,847
Accrued charges and deferred income
+€23,812
Investment (derived)
-€18,563
Investment in fixed assets (net)
-€18,563
Financing
+€114,777
Debts after one year
+€12,466
Current portion of long-term debt
+€2,311
Short-term financial debts
+€100,000
Cash 2025
€21,543
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,097,117 | €2,264,069 | +€166,952 | +8.0% |
| Fixed assets | 21/28 | €298,442 | €261,019 | -€37,422 | -12.5% |
| Tangible fixed assets | 22/27 | €298,342 | €260,919 | -€37,422 | -12.5% |
| Land and buildings | 22 | €171,049 | €169,332 | -€1,718 | -1.0% |
| Plant, machinery and equipment | 23 | €92,775 | €68,712 | -€24,063 | -25.9% |
| Furniture and vehicles | 24 | €34,518 | €22,876 | -€11,642 | -33.7% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €1,798,675 | €2,003,050 | +€204,374 | +11.4% |
| Stocks and contracts in progress | 3 | €1,259,741 | €1,625,831 | +€366,090 | +29.1% |
| Stocks | 30/36 | €1,259,741 | €1,625,831 | +€366,090 | +29.1% |
| Amounts receivable within one year | 40/41 | €453,535 | €350,007 | -€103,528 | -22.8% |
| Trade receivables | 40 | €418,745 | €329,524 | -€89,221 | -21.3% |
| Other amounts receivable | 41 | €34,790 | €20,483 | -€14,307 | -41.1% |
| Cash at bank and in hand | 54/58 | €79,160 | €21,543 | -€57,616 | -72.8% |
| Deferred charges and accrued income | 490/1 | €6,240 | €5,669 | -€571 | -9.1% |
| Total equity and liabilities | 10/49 | €2,097,117 | €2,264,069 | +€166,952 | +8.0% |
| Equity | 10/15 | €234,901 | €249,503 | +€14,602 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €216,301 | €230,903 | +€14,602 | +6.8% |
| Distributable reserves | 133 | €216,301 | €230,903 | +€14,602 | +6.8% |
| Provisions and deferred taxes | 16 | €40,000 | €0 | -€40,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €40,000 | €0 | -€40,000 | -100% |
| Pensions and similar obligations | 160 | €40,000 | €0 | -€40,000 | -100% |
| Amounts payable | 17/49 | €1,822,216 | €2,014,566 | +€192,350 | +10.6% |
| Amounts payable after more than one year | 17 | €781,903 | €794,369 | +€12,466 | +1.6% |
| Financial debts | 170/4 | €11,903 | €24,369 | +€12,466 | +105% |
| Other amounts payable | 178/9 | €770,000 | €770,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,040,313 | €1,196,385 | +€156,073 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €16,842 | €19,153 | +€2,311 | +13.7% |
| Financial debts | 43 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Credit institutions | 430/8 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Trade debts | 44 | €373,934 | €299,838 | -€74,097 | -19.8% |
| Suppliers | 440/4 | €373,934 | €299,838 | -€74,097 | -19.8% |
| Taxes, remuneration and social security | 45 | €34,570 | €50,581 | +€16,012 | +46.3% |
| Taxes | 450/3 | €13,110 | €6,657 | -€6,454 | -49.2% |
| Remuneration and social security | 454/9 | €21,459 | €43,925 | +€22,465 | +105% |
| Other amounts payable | 47/48 | €414,967 | €526,813 | +€111,847 | +27.0% |
| Accrued charges and deferred income | 492/3 | - | €23,812 | +€23,812 | |
| Remuneration, social security and pensions | 62 | €604,336 | €617,788 | +€13,451 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,113 | €55,986 | +€7,873 | +16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,887 | €0 | +€3,887 | |
| Other operating charges | 640/8 | €10,474 | €6,864 | -€3,610 | -34.5% |
| Gross operating margin | 9900 | €686,924 | €690,546 | +€3,621 | +0.5% |
| Operating profit (loss) | 9901 | €27,888 | €9,908 | -€17,980 | -64.5% |
| Financial income | 75/76B | €1,008 | €2,430 | +€1,422 | +141% |
| Recurring financial income | 75 | €1,008 | €2,430 | +€1,422 | +141% |
| Financial charges | 65/66B | €47,651 | €35,002 | -€12,649 | -26.5% |
| Recurring financial charges | 65 | €47,651 | €35,002 | -€12,649 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,755 | -€22,665 | -€3,910 | -20.8% |
| Income taxes | 67/77 | €916 | -€37,266 | -€38,182 | |
| Profit (loss) for the period | 9904 | -€19,671 | €14,602 | +€34,272 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,671 | €14,602 | +€34,272 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.