Maxime Dessy: 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 Dessy
Largest movements
- Current investments +€100,000
up €100,000 (+100%), from €100,000 to €200,000
- Cash -€97,254
down €97,254 (-69.5%), from €139,849 to €42,594
mainly Contributions, distributions and other (-€205,925) and Current investments (-€100,000)
- Current portion of long-term debt +€100,000
new in 2025: €100,000
- Profit (loss) carried forward -€92,218
no longer reported in 2025 (was €92,218)
- Tax, wage and social debts -€20,671
down €20,671 (-43.1%), from €47,976 to €27,304
of which Taxes: -€20,688
- Other debts +€15,196
up €15,196 (+632%), from €2,404 to €17,600
- Trade debts +€3,488
up €3,488 (+1,231%), from €283 to €3,772
- Gross operating margin +€28,645
up €28,645 (+24.9%), from €115,269 to €143,914
- Taxes +€7,327
up €7,327 (+29.4%), from €24,896 to €32,224
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 | €241,752 | €247,563 | +€5,811 | +2.4% |
| Current assets | 29/58 | €241,752 | €247,563 | +€5,811 | +2.4% |
| Amounts receivable within one year | 40/41 | - | €2,018 | +€2,018 | |
| Trade receivables | 40 | - | €691 | +€691 | |
| Other amounts receivable | 41 | - | €1,328 | +€1,328 | |
| Current investments | 50/53 | €100,000 | €200,000 | +€100,000 | +100% |
| Cash at bank and in hand | 54/58 | €139,849 | €42,594 | -€97,254 | -69.5% |
| Deferred charges and accrued income | 490/1 | €1,904 | €2,951 | +€1,047 | +55.0% |
| Total equity and liabilities | 10/49 | €241,752 | €247,563 | +€5,811 | +2.4% |
| Equity | 10/15 | €191,089 | €98,871 | -€92,218 | -48.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €93,871 | €93,871 | = | 0.0% |
| Distributable reserves | 133 | €93,871 | €93,871 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,218 | - | -€92,218 | |
| Amounts payable | 17/49 | €50,663 | €148,692 | +€98,029 | +193% |
| Amounts payable within one year | 42/48 | €50,663 | €148,676 | +€98,013 | +193% |
| Current portion of amounts payable after more than one year | 42 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €283 | €3,772 | +€3,488 | +1,231% |
| Suppliers | 440/4 | €283 | €3,772 | +€3,488 | +1,231% |
| Taxes, remuneration and social security | 45 | €47,976 | €27,304 | -€20,671 | -43.1% |
| Taxes | 450/3 | €45,208 | €24,520 | -€20,688 | -45.8% |
| Remuneration and social security | 454/9 | €2,767 | €2,784 | +€17 | +0.6% |
| Other amounts payable | 47/48 | €2,404 | €17,600 | +€15,196 | +632% |
| Accrued charges and deferred income | 492/3 | - | €17 | +€17 | |
| Other operating charges | 640/8 | - | €660 | +€660 | |
| Gross operating margin | 9900 | €115,269 | €143,914 | +€28,645 | +24.9% |
| Operating profit (loss) | 9901 | €115,269 | €143,254 | +€27,984 | +24.3% |
| Financial income | 75/76B | €3,508 | €3,399 | -€109 | -3.1% |
| Recurring financial income | 75 | €3,508 | €3,399 | -€109 | -3.1% |
| Financial charges | 65/66B | €804 | €722 | -€82 | -10.1% |
| Recurring financial charges | 65 | €804 | €722 | -€82 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €117,973 | €145,930 | +€27,957 | +23.7% |
| Income taxes | 67/77 | €24,896 | €32,224 | +€7,327 | +29.4% |
| Profit (loss) for the period | 9904 | €93,077 | €113,706 | +€20,629 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €93,077 | €113,706 | +€20,629 | +22.2% |
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 14 October 2026 via checked.be.