Maxime Cuypers: what changed
Maxime Cuypers
Largest movements
- Cash +€81,230
up €81,230 (+54.0%), from €150,557 to €231,787
mainly Net result for the year (+€124,059) and Other debts (+€112,000)
- Current investments +€17,800
new in 2025: €17,800
- Receivables within one year +€12,647
up €12,647 (+62.1%), from €20,360 to €33,007
of which Other amounts receivable: +€12,631
- Other debts +€112,000
up €112,000 (+933%), from €12,000 to €124,000
- Trade debts -€4,506
down €4,506 (-62.9%), from €7,159 to €2,653
- Tax, wage and social debts +€3,325
up €3,325 (+9.4%), from €35,281 to €38,606
of which Remuneration and social security: +€2,000
- Gross operating margin +€75,192
up €75,192 (+89.5%), from €84,025 to €159,217
- Taxes +€14,360
up €14,360 (+67.9%), from €21,145 to €35,505
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 | €173,845 | €284,723 | +€110,878 | +63.8% |
| Fixed assets | 21/28 | €634 | €372 | -€262 | -41.3% |
| Tangible fixed assets | 22/27 | €634 | €372 | -€262 | -41.3% |
| Furniture and vehicles | 24 | €634 | €372 | -€262 | -41.3% |
| Current assets | 29/58 | €173,211 | €284,351 | +€111,140 | +64.2% |
| Amounts receivable within one year | 40/41 | €20,360 | €33,007 | +€12,647 | +62.1% |
| Trade receivables | 40 | €8,061 | €8,077 | +€16 | +0.2% |
| Other amounts receivable | 41 | €12,299 | €24,930 | +€12,631 | +103% |
| Current investments | 50/53 | - | €17,800 | +€17,800 | |
| Cash at bank and in hand | 54/58 | €150,557 | €231,787 | +€81,230 | +54.0% |
| Deferred charges and accrued income | 490/1 | €2,294 | €1,757 | -€537 | -23.4% |
| Total equity and liabilities | 10/49 | €173,845 | €284,723 | +€110,878 | +63.8% |
| Equity | 10/15 | €119,405 | €119,464 | +€59 | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €113,300 | €113,300 | = | 0.0% |
| Distributable reserves | 133 | €113,300 | €113,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,105 | €1,164 | +€59 | +5.3% |
| Amounts payable | 17/49 | €54,440 | €165,259 | +€110,819 | +204% |
| Amounts payable within one year | 42/48 | €54,440 | €165,259 | +€110,819 | +204% |
| Trade debts | 44 | €7,159 | €2,653 | -€4,506 | -62.9% |
| Suppliers | 440/4 | €7,159 | €2,653 | -€4,506 | -62.9% |
| Taxes, remuneration and social security | 45 | €35,281 | €38,606 | +€3,325 | +9.4% |
| Taxes | 450/3 | €35,281 | €36,606 | +€1,325 | +3.8% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €12,000 | €124,000 | +€112,000 | +933% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263 | €262 | -€1 | -0.4% |
| Other operating charges | 640/8 | €114 | €50 | -€64 | -56.1% |
| Gross operating margin | 9900 | €84,025 | €159,217 | +€75,192 | +89.5% |
| Operating profit (loss) | 9901 | €83,648 | €158,905 | +€75,257 | +90.0% |
| Financial income | 75/76B | €533 | €1,200 | +€667 | +125% |
| Recurring financial income | 75 | €533 | €1,200 | +€667 | +125% |
| Financial charges | 65/66B | €176 | €541 | +€365 | +207% |
| Recurring financial charges | 65 | €176 | €541 | +€365 | +207% |
| Profit (loss) for the period before taxes | 9903 | €84,005 | €159,564 | +€75,559 | +89.9% |
| Income taxes | 67/77 | €21,145 | €35,505 | +€14,360 | +67.9% |
| Profit (loss) for the period | 9904 | €62,860 | €124,059 | +€61,199 | +97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,860 | €124,059 | +€61,199 | +97.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.