DECEUNINCK MAXIM: 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.
DECEUNINCK MAXIM
Largest movements
- Cash +€33,240
up €33,240 (+483.3%), from €6,877 to €40,117
mainly Net result for the year (+€23,897) and Debts after one year (+€16,035)
- Intangible fixed assets -€11,448
no longer reported in 2025 (was €11,448)
- Financial fixed assets +€7,012
new in 2025: €7,012
- Tangible fixed assets -€3,090
down €3,090 (-20.1%), from €15,340 to €12,250
of which Other tangible fixed assets: -€3,042
- Receivables within one year -€2,942
down €2,942 (-98.3%), from €2,992 to €50
of which Other amounts receivable: -€2,992
- Profit (loss) carried forward +€23,897
up €23,897 (+46.9%), from -€50,989 to -€27,093
- Accrued charges and deferred income -€16,218
down €16,218 (-99.6%), from €16,285 to €66
- Debts after one year +€16,035
new in 2025: €16,035
- Other debts -€10,112
down €10,112 (-27.8%), from €36,406 to €26,295
- Trade debts +€5,676
up €5,676 (+125.0%), from €4,542 to €10,218
- Gross operating margin +€9,989
up €9,989 (+31.2%), from €31,994 to €41,982
- Other operating charges -€3,958
down €3,958 (-78.2%), from €5,059 to €1,102
- Financial charges +€2,926
up €2,926, from -€481 to €2,446
- Depreciation -€1,344
down €1,344 (-8.5%), from €15,882 to €14,539
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.
Cash bridge derived
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 | €36,658 | €59,438 | +€22,779 | +62.1% |
| Fixed assets | 21/28 | €26,789 | €19,263 | -€7,526 | -28.1% |
| Intangible fixed assets | 21 | €11,448 | - | -€11,448 | |
| Tangible fixed assets | 22/27 | €15,340 | €12,250 | -€3,090 | -20.1% |
| Furniture and vehicles | 24 | €48 | - | -€48 | |
| Other tangible fixed assets | 26 | €15,292 | €12,250 | -€3,042 | -19.9% |
| Financial fixed assets | 28 | - | €7,012 | +€7,012 | |
| Current assets | 29/58 | €9,870 | €40,175 | +€30,305 | +307.1% |
| Amounts receivable within one year | 40/41 | €2,992 | €50 | -€2,942 | -98.3% |
| Trade receivables | 40 | - | €50 | +€50 | |
| Other amounts receivable | 41 | €2,992 | - | -€2,992 | |
| Cash at bank and in hand | 54/58 | €6,877 | €40,117 | +€33,240 | +483.3% |
| Deferred charges and accrued income | 490/1 | - | €8 | +€8 | |
| Total equity and liabilities | 10/49 | €36,658 | €59,438 | +€22,779 | +62.1% |
| Equity | 10/15 | -€29,889 | -€2,093 | +€27,797 | +93.0% |
| Contributions | 10/11 | €21,100 | €25,000 | +€3,900 | +18.5% |
| Profit (loss) carried forward | 14 | -€50,989 | -€27,093 | +€23,897 | +46.9% |
| Amounts payable | 17/49 | €66,548 | €61,530 | -€5,017 | -7.5% |
| Amounts payable after more than one year | 17 | - | €16,035 | +€16,035 | |
| Financial debts | 170/4 | - | €16,035 | +€16,035 | |
| Amounts payable within one year | 42/48 | €50,263 | €45,429 | -€4,834 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €9,315 | €6,522 | -€2,793 | -30.0% |
| Trade debts | 44 | €4,542 | €10,218 | +€5,676 | +125.0% |
| Suppliers | 440/4 | €4,542 | €10,218 | +€5,676 | +125.0% |
| Taxes, remuneration and social security | 45 | - | €2,395 | +€2,395 | |
| Taxes | 450/3 | - | €2,395 | +€2,395 | |
| Other amounts payable | 47/48 | €36,406 | €26,295 | -€10,112 | -27.8% |
| Accrued charges and deferred income | 492/3 | €16,285 | €66 | -€16,218 | -99.6% |
| Non-recurring operating income | 76A | €113 | - | -€113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,882 | €14,539 | -€1,344 | -8.5% |
| Other operating charges | 640/8 | €5,059 | €1,102 | -€3,958 | -78.2% |
| Non-recurring operating charges | 66A | €1,912 | - | -€1,912 | |
| Gross operating margin | 9900 | €31,994 | €41,982 | +€9,989 | +31.2% |
| Operating profit (loss) | 9901 | €9,140 | €26,342 | +€17,202 | +188.2% |
| Financial income | 75/76B | €64 | €0 | -€64 | -99.9% |
| Recurring financial income | 75 | €64 | €0 | -€64 | -99.9% |
| Financial charges | 65/66B | -€481 | €2,446 | +€2,926 | |
| Recurring financial charges | 65 | -€481 | €2,446 | +€2,926 | |
| Profit (loss) for the period before taxes | 9903 | €9,685 | €23,897 | +€14,211 | +146.7% |
| Income taxes | 67/77 | €130 | - | -€130 | |
| Profit (loss) for the period | 9904 | €9,555 | €23,897 | +€14,341 | +150.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,555 | €23,897 | +€14,341 | +150.1% |
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 11 October 2026 via checked.be.