BARTHOLOME MAXIME: 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.
BARTHOLOME MAXIME
Largest movements
- Cash -€20,418
down €20,418 (-52.8%), from €38,655 to €18,237
mainly Contributions, distributions and other (-€27,805) and Other debts (-€6,445)
- Receivables within one year +€5,530
up €5,530 (+13.9%), from €39,788 to €45,318
- Tangible fixed assets -€971
down €971 (-34.2%), from €2,840 to €1,869
- Profit (loss) carried forward -€12,066
down €12,066 (-33.0%), from €36,512 to €24,446
- Other debts -€6,445
down €6,445 (-18.6%), from €34,695 to €28,250
- Tax, wage and social debts +€2,225
up €2,225 (+35.6%), from €6,252 to €8,477
of which Remuneration and social security: +€1,600
- Trade debts +€1,173
up €1,173 (+245%), from €478 to €1,651
- Accrued charges and deferred income -€876
down €876 (-48.4%), from €1,809 to €933
- Gross operating margin -€2,104
down €2,104 (-8.2%), from €25,518 to €23,414
- Financial charges -€1,079
down €1,079 (-40.9%), from €2,640 to €1,561
- Depreciation +€672
up €672 (+224%), from €300 to €971
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,746 | €66,757 | -€15,989 | -19.3% |
| Fixed assets | 21/28 | €2,840 | €1,869 | -€971 | -34.2% |
| Tangible fixed assets | 22/27 | €2,840 | €1,869 | -€971 | -34.2% |
| Furniture and vehicles | 24 | €2,840 | €1,869 | -€971 | -34.2% |
| Current assets | 29/58 | €79,906 | €64,888 | -€15,018 | -18.8% |
| Amounts receivable within one year | 40/41 | €39,788 | €45,318 | +€5,530 | +13.9% |
| Other amounts receivable | 41 | €39,788 | €45,318 | +€5,530 | +13.9% |
| Cash at bank and in hand | 54/58 | €38,655 | €18,237 | -€20,418 | -52.8% |
| Deferred charges and accrued income | 490/1 | €1,463 | €1,333 | -€130 | -8.9% |
| Total equity and liabilities | 10/49 | €82,746 | €66,757 | -€15,989 | -19.3% |
| Equity | 10/15 | €39,512 | €27,446 | -€12,066 | -30.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,512 | €24,446 | -€12,066 | -33.0% |
| Amounts payable | 17/49 | €43,235 | €39,311 | -€3,923 | -9.1% |
| Amounts payable within one year | 42/48 | €41,425 | €38,379 | -€3,047 | -7.4% |
| Trade debts | 44 | €478 | €1,651 | +€1,173 | +245% |
| Suppliers | 440/4 | €478 | €1,651 | +€1,173 | +245% |
| Taxes, remuneration and social security | 45 | €6,252 | €8,477 | +€2,225 | +35.6% |
| Taxes | 450/3 | €6,252 | €6,877 | +€625 | +10.0% |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Other amounts payable | 47/48 | €34,695 | €28,250 | -€6,445 | -18.6% |
| Accrued charges and deferred income | 492/3 | €1,809 | €933 | -€876 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €971 | +€672 | +224% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €177 | €74 | -€103 | -58.0% |
| Gross operating margin | 9900 | €25,518 | €23,414 | -€2,104 | -8.2% |
| Operating profit (loss) | 9901 | €24,653 | €21,968 | -€2,685 | -10.9% |
| Financial charges | 65/66B | €2,640 | €1,561 | -€1,079 | -40.9% |
| Recurring financial charges | 65 | €2,640 | €1,561 | -€1,079 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €22,014 | €20,407 | -€1,607 | -7.3% |
| Income taxes | 67/77 | €4,911 | €4,668 | -€242 | -4.9% |
| Profit (loss) for the period | 9904 | €17,103 | €15,739 | -€1,364 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,103 | €15,739 | -€1,364 | -8.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.