MAXIME DEWITTE: what changed
Two fiscal 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 DEWITTE
Largest movements
- Stocks and contracts +€160,967
up €160,967 (+84.7%), from €190,105 to €351,073
of which Contracts in progress: +€142,506
- Receivables within one year +€144,845
up €144,845 (+40.4%), from €358,095 to €502,940
of which Other amounts receivable: +€75,177
- Cash +€100,907
up €100,907 (+48.1%), from €209,890 to €310,796
mainly Trade debts (+€196,485) and Net result for the year (+€131,792)
- Trade debts +€196,485
up €196,485 (+121.8%), from €161,329 to €357,813
- Reserves +€68,792
up €68,792 (+7.9%), from €866,927 to €935,719
- Debts after one year +€66,589
up €66,589 (+167.9%), from €39,662 to €106,251
- Short-term financial debts +€25,531
up €25,531 (+149.3%), from €17,101 to €42,632
- Current portion of long-term debt +€22,545
up €22,545 (+156.0%), from €14,456 to €37,000
- Gross operating margin +€201,060
up €201,060 (+50.1%), from €401,451 to €602,510
- Taxes +€44,664
up €44,664 (+625.0%), from €7,146 to €51,810
- Staff costs +€27,273
up €27,273 (+10.1%), from €268,900 to €296,173
- Depreciation -€9,368
down €9,368 (-9.3%), from €101,069 to €91,701
- Financial charges +€9,137
up €9,137 (+178.3%), from €5,125 to €14,262
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.
Cash bridge derived
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 | €1,158,764 | €1,558,772 | +€400,008 | +34.5% |
| Fixed assets | 21/28 | €382,076 | €376,544 | -€5,532 | -1.4% |
| Tangible fixed assets | 22/27 | €381,941 | €376,409 | -€5,532 | -1.4% |
| Plant, machinery and equipment | 23 | €189,228 | €137,213 | -€52,014 | -27.5% |
| Furniture and vehicles | 24 | €180,606 | €229,731 | +€49,126 | +27.2% |
| Other tangible fixed assets | 26 | €12,107 | €9,464 | -€2,643 | -21.8% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €776,688 | €1,182,228 | +€405,540 | +52.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €190,105 | €351,073 | +€160,967 | +84.7% |
| Stocks | 30/36 | €95,542 | €114,003 | +€18,461 | +19.3% |
| Contracts in progress | 37 | €94,563 | €237,070 | +€142,506 | +150.7% |
| Amounts receivable within one year | 40/41 | €358,095 | €502,940 | +€144,845 | +40.4% |
| Trade receivables | 40 | €312,333 | €382,001 | +€69,668 | +22.3% |
| Other amounts receivable | 41 | €45,762 | €120,939 | +€75,177 | +164.3% |
| Cash at bank and in hand | 54/58 | €209,890 | €310,796 | +€100,907 | +48.1% |
| Deferred charges and accrued income | 490/1 | €18,598 | €17,419 | -€1,179 | -6.3% |
| Total equity and liabilities | 10/49 | €1,158,764 | €1,558,772 | +€400,008 | +34.5% |
| Equity | 10/15 | €879,327 | €948,119 | +€68,792 | +7.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €866,927 | €935,719 | +€68,792 | +7.9% |
| Distributable reserves | 133 | €866,927 | €935,719 | +€68,792 | +7.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €279,437 | €610,653 | +€331,216 | +118.5% |
| Amounts payable after more than one year | 17 | €39,662 | €106,251 | +€66,589 | +167.9% |
| Financial debts | 170/4 | €39,662 | €106,251 | +€66,589 | +167.9% |
| Amounts payable within one year | 42/48 | €239,776 | €504,403 | +€264,627 | +110.4% |
| Current portion of amounts payable after more than one year | 42 | €14,456 | €37,000 | +€22,545 | +156.0% |
| Financial debts | 43 | €17,101 | €42,632 | +€25,531 | +149.3% |
| Credit institutions | 430/8 | €17,101 | €42,632 | +€25,531 | +149.3% |
| Trade debts | 44 | €161,329 | €357,813 | +€196,485 | +121.8% |
| Suppliers | 440/4 | €161,329 | €357,813 | +€196,485 | +121.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €27,262 | €30,764 | +€3,502 | +12.8% |
| Taxes | 450/3 | €5,776 | €0 | -€5,776 | -100.0% |
| Remuneration and social security | 454/9 | €21,486 | €30,764 | +€9,278 | +43.2% |
| Other amounts payable | 47/48 | €19,628 | €36,193 | +€16,565 | +84.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €4,512 | €0 | -€4,512 | -100.0% |
| Remuneration, social security and pensions | 62 | €268,900 | €296,173 | +€27,273 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,069 | €91,701 | -€9,368 | -9.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,142 | +€5,142 | |
| Other operating charges | 640/8 | €7,760 | €12,457 | +€4,697 | +60.5% |
| Non-recurring operating charges | 66A | €3,438 | €250 | -€3,188 | -92.7% |
| Gross operating margin | 9900 | €401,451 | €602,510 | +€201,060 | +50.1% |
| Operating profit (loss) | 9901 | €20,283 | €196,786 | +€176,503 | +870.2% |
| Financial income | 75/76B | €8,557 | €1,077 | -€7,480 | -87.4% |
| Recurring financial income | 75 | €8,557 | €1,077 | -€7,480 | -87.4% |
| Financial charges | 65/66B | €5,125 | €14,262 | +€9,137 | +178.3% |
| Recurring financial charges | 65 | €5,125 | €14,262 | +€9,137 | +178.3% |
| Profit (loss) for the period before taxes | 9903 | €23,715 | €183,602 | +€159,886 | +674.2% |
| Income taxes | 67/77 | €7,146 | €51,810 | +€44,664 | +625.0% |
| Profit (loss) for the period | 9904 | €16,569 | €131,792 | +€115,223 | +695.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,569 | €131,792 | +€115,223 | +695.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.