Greet Maeyaert: what changed
Greet Maeyaert
Largest movements
- Cash +€18,959
up €18,959 (+1,062%), from €1,784 to €20,743
mainly Other debts (+€30,148) and Receivables within one year (+€14,775)
- Receivables within one year -€14,775
down €14,775 (-48.8%), from €30,263 to €15,488
of which Trade receivables: -€8,712
- Deferred charges and accrued income +€14,592
up €14,592 (+1,137%), from €1,283 to €15,875
- Tangible fixed assets -€3,094
down €3,094 (-24.1%), from €12,865 to €9,771
of which Furniture and vehicles: -€2,046
- Financial fixed assets -€2,775
down €2,775 (-76.4%), from €3,630 to €855
- Other debts +€30,148
up €30,148 (+207%), from €14,555 to €44,703
- Trade debts -€11,362
down €11,362 (-69.4%), from €16,370 to €5,008
- Profit (loss) carried forward -€3,073
down €3,073 (-5.4%), from -€56,855 to -€59,928
- Tax, wage and social debts -€2,033
down €2,033 (-30.2%), from €6,721 to €4,688
of which Taxes: -€2,033
- Short-term financial debts -€773
down €773 (-33.6%), from €2,299 to €1,527
of which Credit institutions: -€2,299
- Gross operating margin +€24,215
up €24,215, from -€19,643 to €4,572
- Depreciation -€1,645
down €1,645 (-28.8%), from €5,711 to €4,066
- Other operating charges -€971
down €971 (-43.9%), from €2,215 to €1,243
- Financial charges -€536
down €536 (-26.6%), from €2,013 to €1,477
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,825 | €62,732 | +€12,907 | +25.9% |
| Fixed assets | 21/28 | €16,495 | €10,626 | -€5,869 | -35.6% |
| Tangible fixed assets | 22/27 | €12,865 | €9,771 | -€3,094 | -24.1% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €6,541 | €4,495 | -€2,046 | -31.3% |
| Other tangible fixed assets | 26 | €6,324 | €5,276 | -€1,048 | -16.6% |
| Financial fixed assets | 28 | €3,630 | €855 | -€2,775 | -76.4% |
| Current assets | 29/58 | €33,330 | €52,106 | +€18,776 | +56.3% |
| Amounts receivable within one year | 40/41 | €30,263 | €15,488 | -€14,775 | -48.8% |
| Trade receivables | 40 | €24,200 | €15,488 | -€8,712 | -36.0% |
| Other amounts receivable | 41 | €6,063 | €0 | -€6,063 | -100% |
| Cash at bank and in hand | 54/58 | €1,784 | €20,743 | +€18,959 | +1,062% |
| Deferred charges and accrued income | 490/1 | €1,283 | €15,875 | +€14,592 | +1,137% |
| Total equity and liabilities | 10/49 | €49,825 | €62,732 | +€12,907 | +25.9% |
| Equity | 10/15 | €9,880 | €6,807 | -€3,073 | -31.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,135 | €48,135 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,320 | €17,320 | = | 0.0% |
| Distributable reserves | 133 | €28,955 | €28,955 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,855 | -€59,928 | -€3,073 | -5.4% |
| Amounts payable | 17/49 | €39,945 | €55,925 | +€15,980 | +40.0% |
| Amounts payable within one year | 42/48 | €39,945 | €55,925 | +€15,980 | +40.0% |
| Financial debts | 43 | €2,299 | €1,527 | -€773 | -33.6% |
| Credit institutions | 430/8 | €2,299 | €0 | -€2,299 | -100% |
| Other loans | 439 | - | €1,527 | +€1,527 | |
| Trade debts | 44 | €16,370 | €5,008 | -€11,362 | -69.4% |
| Suppliers | 440/4 | €16,370 | €5,008 | -€11,362 | -69.4% |
| Taxes, remuneration and social security | 45 | €6,721 | €4,688 | -€2,033 | -30.2% |
| Taxes | 450/3 | €4,721 | €2,688 | -€2,033 | -43.1% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €14,555 | €44,703 | +€30,148 | +207% |
| Non-recurring operating income | 76A | - | €10,800 | +€10,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,711 | €4,066 | -€1,645 | -28.8% |
| Other operating charges | 640/8 | €2,215 | €1,243 | -€971 | -43.9% |
| Non-recurring operating charges | 66A | €12,582 | €981 | -€11,601 | -92.2% |
| Gross operating margin | 9900 | -€19,643 | €4,572 | +€24,215 | |
| Operating profit (loss) | 9901 | -€40,150 | -€1,718 | +€38,432 | +95.7% |
| Financial income | 75/76B | €178 | €297 | +€119 | +66.7% |
| Recurring financial income | 75 | €178 | €297 | +€119 | +66.7% |
| Financial charges | 65/66B | €2,013 | €1,477 | -€536 | -26.6% |
| Recurring financial charges | 65 | €2,013 | €1,477 | -€536 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | -€41,985 | -€2,898 | +€39,087 | +93.1% |
| Income taxes | 67/77 | €276 | €175 | -€101 | -36.5% |
| Profit (loss) for the period | 9904 | -€42,261 | -€3,073 | +€39,188 | +92.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,261 | -€3,073 | +€39,188 | +92.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.