MAXIME CAUS MANAGEMENT: 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.
MAXIME CAUS MANAGEMENT
Largest movements
- Receivables within one year -€58,196
down €58,196 (-29.3%), from €198,594 to €140,398
of which Trade receivables: -€30,000
- Tangible fixed assets -€15,643
down €15,643 (-4.1%), from €381,819 to €366,176
of which Land and buildings: -€13,825
- Reserves -€42,441
down €42,441 (-36.4%), from €116,515 to €74,074
of which Distributable reserves: -€42,441
- Debts after one year -€23,700
down €23,700 (-7.7%), from €308,100 to €284,400
- Tax, wage and social debts -€23,468
down €23,468 (-45.4%), from €51,662 to €28,194
- Gross operating margin -€36,235
down €36,235 (-46.5%), from €77,967 to €41,732
- Financial charges -€4,672
down €4,672 (-25.8%), from €18,095 to €13,423
- Taxes +€4,021
up €4,021 (+136%), from €2,967 to €6,987
- Other operating charges -€956
down €956 (-31.1%), from €3,076 to €2,120
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 | €586,257 | €507,977 | -€78,281 | -13.4% |
| Fixed assets | 21/28 | €381,819 | €366,176 | -€15,643 | -4.1% |
| Tangible fixed assets | 22/27 | €381,819 | €366,176 | -€15,643 | -4.1% |
| Land and buildings | 22 | €380,001 | €366,176 | -€13,825 | -3.6% |
| Furniture and vehicles | 24 | €1,818 | - | -€1,818 | |
| Current assets | 29/58 | €204,439 | €141,801 | -€62,638 | -30.6% |
| Amounts receivable within one year | 40/41 | €198,594 | €140,398 | -€58,196 | -29.3% |
| Trade receivables | 40 | €60,000 | €30,000 | -€30,000 | -50.0% |
| Other amounts receivable | 41 | €138,594 | €110,398 | -€28,196 | -20.3% |
| Cash at bank and in hand | 54/58 | €4,922 | €1,267 | -€3,655 | -74.2% |
| Deferred charges and accrued income | 490/1 | €923 | €135 | -€788 | -85.4% |
| Total equity and liabilities | 10/49 | €586,257 | €507,977 | -€78,281 | -13.4% |
| Equity | 10/15 | €135,115 | €92,674 | -€42,441 | -31.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,515 | €74,074 | -€42,441 | -36.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €114,655 | €72,214 | -€42,441 | -37.0% |
| Amounts payable | 17/49 | €451,143 | €415,303 | -€35,840 | -7.9% |
| Amounts payable after more than one year | 17 | €308,100 | €284,400 | -€23,700 | -7.7% |
| Financial debts | 170/4 | €308,100 | €284,400 | -€23,700 | -7.7% |
| Amounts payable within one year | 42/48 | €143,043 | €130,042 | -€13,001 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €23,700 | €23,700 | = | 0.0% |
| Financial debts | 43 | - | €4,465 | +€4,465 | |
| Credit institutions | 430/8 | - | €4,465 | +€4,465 | |
| Trade debts | 44 | €7,406 | €11,122 | +€3,716 | +50.2% |
| Suppliers | 440/4 | €7,406 | €11,122 | +€3,716 | +50.2% |
| Taxes, remuneration and social security | 45 | €51,662 | €28,194 | -€23,468 | -45.4% |
| Taxes | 450/3 | €51,662 | €28,194 | -€23,468 | -45.4% |
| Other amounts payable | 47/48 | €60,274 | €62,560 | +€2,286 | +3.8% |
| Accrued charges and deferred income | 492/3 | - | €861 | +€861 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,101 | €15,643 | -€458 | -2.8% |
| Other operating charges | 640/8 | €3,076 | €2,120 | -€956 | -31.1% |
| Non-recurring operating charges | 66A | €33,594 | - | -€33,594 | |
| Gross operating margin | 9900 | €77,967 | €41,732 | -€36,235 | -46.5% |
| Operating profit (loss) | 9901 | €25,196 | €23,970 | -€1,226 | -4.9% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €18,095 | €13,423 | -€4,672 | -25.8% |
| Recurring financial charges | 65 | €18,095 | €13,423 | -€4,672 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €7,103 | €10,547 | +€3,444 | +48.5% |
| Income taxes | 67/77 | €2,967 | €6,987 | +€4,021 | +136% |
| Profit (loss) for the period | 9904 | €4,136 | €3,559 | -€577 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,136 | €3,559 | -€577 | -13.9% |
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 28 October 2026 via checked.be.