MAXIME CRETEN: 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 CRETEN
Largest movements
- Cash +€20,457
up €20,457 (+627%), from €3,265 to €23,722
mainly Net result for the year (+€24,404) and Tax, wage and social debts (+€2,459)
- Tangible fixed assets +€4,427
up €4,427 (+259%), from €1,710 to €6,137
- Receivables within one year +€1,877
up €1,877 (+10.6%), from €17,680 to €19,556
- Reserves +€24,404
up €24,404 (+282%), from €8,652 to €33,056
- Tax, wage and social debts +€2,459
up €2,459 (+37.9%), from €6,490 to €8,949
- Gross operating margin +€21,092
up €21,092 (+179%), from €11,816 to €32,907
- Taxes +€4,267
up €4,267 (+161%), from €2,654 to €6,921
- Depreciation +€1,014
up €1,014 (+234%), from €434 to €1,448
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 | €23,286 | €50,153 | +€26,867 | +115% |
| Fixed assets | 21/28 | €1,710 | €6,137 | +€4,427 | +259% |
| Tangible fixed assets | 22/27 | €1,710 | €6,137 | +€4,427 | +259% |
| Furniture and vehicles | 24 | €1,710 | €6,137 | +€4,427 | +259% |
| Current assets | 29/58 | €21,576 | €44,016 | +€22,440 | +104% |
| Amounts receivable within one year | 40/41 | €17,680 | €19,556 | +€1,877 | +10.6% |
| Trade receivables | 40 | €17,680 | €19,556 | +€1,877 | +10.6% |
| Cash at bank and in hand | 54/58 | €3,265 | €23,722 | +€20,457 | +627% |
| Deferred charges and accrued income | 490/1 | €631 | €737 | +€106 | +16.8% |
| Total equity and liabilities | 10/49 | €23,286 | €50,153 | +€26,867 | +115% |
| Equity | 10/15 | €13,652 | €38,056 | +€24,404 | +179% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,652 | €33,056 | +€24,404 | +282% |
| Distributable reserves | 133 | €8,652 | €33,056 | +€24,404 | +282% |
| Amounts payable | 17/49 | €9,634 | €12,097 | +€2,463 | +25.6% |
| Amounts payable within one year | 42/48 | €9,634 | €12,097 | +€2,463 | +25.6% |
| Trade debts | 44 | €2,059 | €2,073 | +€14 | +0.7% |
| Suppliers | 440/4 | €2,059 | €2,073 | +€14 | +0.7% |
| Taxes, remuneration and social security | 45 | €6,490 | €8,949 | +€2,459 | +37.9% |
| Taxes | 450/3 | €6,490 | €8,949 | +€2,459 | +37.9% |
| Other amounts payable | 47/48 | €1,085 | €1,075 | -€10 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €434 | €1,448 | +€1,014 | +234% |
| Gross operating margin | 9900 | €11,816 | €32,907 | +€21,092 | +179% |
| Operating profit (loss) | 9901 | €11,382 | €31,460 | +€20,078 | +176% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €81 | €134 | +€53 | +64.8% |
| Recurring financial charges | 65 | €81 | €134 | +€53 | +64.8% |
| Profit (loss) for the period before taxes | 9903 | €11,306 | €31,326 | +€20,020 | +177% |
| Income taxes | 67/77 | €2,654 | €6,921 | +€4,267 | +161% |
| Profit (loss) for the period | 9904 | €8,652 | €24,404 | +€15,753 | +182% |
| Profit (loss) for the period to be appropriated | 9905 | €8,652 | €24,404 | +€15,753 | +182% |
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 20 October 2026 via checked.be.