MAARTEN ANDRIESSEN: 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.
MAARTEN ANDRIESSEN
Largest movements
- Cash +€30,171
up €30,171 (+373%), from €8,091 to €38,261
mainly Receivables within one year (+€20,672) and Depreciation (+€14,894)
- Receivables within one year -€20,672
down €20,672 (-28.3%), from €72,939 to €52,267
of which Other amounts receivable: -€15,631
- Tangible fixed assets -€10,294
down €10,294 (-34.5%), from €29,802 to €19,508
of which Land and buildings: -€8,319
- Tax, wage and social debts -€14,543
down €14,543 (-59.8%), from €24,338 to €9,795
- Profit (loss) carried forward +€9,894
up €9,894 (+24.4%), from €40,523 to €50,417
- Trade debts +€3,853
new in 2025: €3,853
- Gross operating margin -€52,256
down €52,256 (-65.5%), from €79,757 to €27,501
- Other operating charges -€13,414
down €13,414 (-93.7%), from €14,311 to €897
- Taxes -€12,456
down €12,456 (-83.7%), from €14,882 to €2,425
- Depreciation +€6,379
up €6,379 (+74.9%), from €8,515 to €14,894
- Financial income +€3,204
up €3,204 (+16,021,250%), from €0 to €3,204
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 | €114,312 | €113,517 | -€795 | -0.7% |
| Fixed assets | 21/28 | €33,282 | €22,988 | -€10,294 | -30.9% |
| Tangible fixed assets | 22/27 | €29,802 | €19,508 | -€10,294 | -34.5% |
| Land and buildings | 22 | €17,800 | €9,481 | -€8,319 | -46.7% |
| Furniture and vehicles | 24 | €11,034 | €9,543 | -€1,491 | -13.5% |
| Other tangible fixed assets | 26 | €968 | €484 | -€484 | -50.0% |
| Financial fixed assets | 28 | €3,480 | €3,480 | = | 0.0% |
| Current assets | 29/58 | €81,030 | €90,529 | +€9,499 | +11.7% |
| Amounts receivable within one year | 40/41 | €72,939 | €52,267 | -€20,672 | -28.3% |
| Trade receivables | 40 | €10,982 | €5,941 | -€5,041 | -45.9% |
| Other amounts receivable | 41 | €61,957 | €46,326 | -€15,631 | -25.2% |
| Cash at bank and in hand | 54/58 | €8,091 | €38,261 | +€30,171 | +373% |
| Total equity and liabilities | 10/49 | €114,312 | €113,517 | -€795 | -0.7% |
| Equity | 10/15 | €89,974 | €99,869 | +€9,894 | +11.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €30,859 | €30,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €29,000 | €29,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,523 | €50,417 | +€9,894 | +24.4% |
| Amounts payable | 17/49 | €24,338 | €13,648 | -€10,690 | -43.9% |
| Amounts payable within one year | 42/48 | €24,338 | €13,648 | -€10,690 | -43.9% |
| Trade debts | 44 | - | €3,853 | +€3,853 | |
| Suppliers | 440/4 | - | €3,853 | +€3,853 | |
| Taxes, remuneration and social security | 45 | €24,338 | €9,795 | -€14,543 | -59.8% |
| Taxes | 450/3 | €24,338 | €9,795 | -€14,543 | -59.8% |
| Non-recurring operating income | 76A | €66,568 | - | -€66,568 | |
| Remuneration, social security and pensions | 62 | - | €1,902 | +€1,902 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,515 | €14,894 | +€6,379 | +74.9% |
| Other operating charges | 640/8 | €14,311 | €897 | -€13,414 | -93.7% |
| Gross operating margin | 9900 | €79,757 | €27,501 | -€52,256 | -65.5% |
| Operating profit (loss) | 9901 | €56,931 | €9,807 | -€47,124 | -82.8% |
| Financial income | 75/76B | €0 | €3,204 | +€3,204 | +16,021,250% |
| Recurring financial income | 75 | €0 | €3,204 | +€3,204 | +16,021,250% |
| Financial charges | 65/66B | €3,728 | €692 | -€3,036 | -81.4% |
| Recurring financial charges | 65 | €3,728 | €692 | -€3,036 | -81.4% |
| Profit (loss) for the period before taxes | 9903 | €53,203 | €12,320 | -€40,883 | -76.8% |
| Income taxes | 67/77 | €14,882 | €2,425 | -€12,456 | -83.7% |
| Profit (loss) for the period | 9904 | €38,321 | €9,894 | -€28,427 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,321 | €9,894 | -€28,427 | -74.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.