Maxime Durant: 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 Durant
Largest movements
- Cash +€41,065
up €41,065 (+54.2%), from €75,756 to €116,821
mainly Net result for the year (+€41,403) and Depreciation (+€14,773)
- Tangible fixed assets -€14,773
down €14,773 (-35.2%), from €42,003 to €27,231
of which Furniture and vehicles: -€14,151
- Deferred charges and accrued income +€6,473
up €6,473 (+1,207%), from €536 to €7,009
- Receivables within one year +€1,947
up €1,947 (+179%), from €1,088 to €3,035
of which Other amounts receivable: +€2,412
- Profit (loss) carried forward +€40,115
up €40,115 (+66.4%), from €60,411 to €100,525
- Debts after one year -€11,755
down €11,755 (-49.3%), from €23,850 to €12,095
- Trade debts +€5,562
up €5,562 (+856%), from €650 to €6,212
- Gross operating margin +€5,046
up €5,046 (+8.1%), from €62,031 to €67,077
- Financial income +€1,074
up €1,074 (+357,887%), from €0 to €1,074
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 | €119,383 | €154,096 | +€34,713 | +29.1% |
| Fixed assets | 21/28 | €42,003 | €27,231 | -€14,773 | -35.2% |
| Tangible fixed assets | 22/27 | €42,003 | €27,231 | -€14,773 | -35.2% |
| Plant, machinery and equipment | 23 | €782 | €160 | -€622 | -79.5% |
| Furniture and vehicles | 24 | €41,221 | €27,070 | -€14,151 | -34.3% |
| Current assets | 29/58 | €77,379 | €126,865 | +€49,486 | +64.0% |
| Amounts receivable within one year | 40/41 | €1,088 | €3,035 | +€1,947 | +179% |
| Trade receivables | 40 | €464 | - | -€464 | |
| Other amounts receivable | 41 | €623 | €3,035 | +€2,412 | +387% |
| Cash at bank and in hand | 54/58 | €75,756 | €116,821 | +€41,065 | +54.2% |
| Deferred charges and accrued income | 490/1 | €536 | €7,009 | +€6,473 | +1,207% |
| Total equity and liabilities | 10/49 | €119,383 | €154,096 | +€34,713 | +29.1% |
| Equity | 10/15 | €65,411 | €105,525 | +€40,115 | +61.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,411 | €100,525 | +€40,115 | +66.4% |
| Amounts payable | 17/49 | €53,972 | €48,570 | -€5,402 | -10.0% |
| Amounts payable after more than one year | 17 | €23,850 | €12,095 | -€11,755 | -49.3% |
| Financial debts | 170/4 | €23,850 | €12,095 | -€11,755 | -49.3% |
| Amounts payable within one year | 42/48 | €30,080 | €36,458 | +€6,378 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €11,424 | €11,755 | +€331 | +2.9% |
| Trade debts | 44 | €650 | €6,212 | +€5,562 | +856% |
| Suppliers | 440/4 | €650 | €6,212 | +€5,562 | +856% |
| Taxes, remuneration and social security | 45 | €16,971 | €17,461 | +€490 | +2.9% |
| Taxes | 450/3 | €16,971 | €17,461 | +€490 | +2.9% |
| Other amounts payable | 47/48 | €1,036 | €1,031 | -€5 | -0.5% |
| Accrued charges and deferred income | 492/3 | €42 | €17 | -€25 | -59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,220 | €14,773 | +€553 | +3.9% |
| Other operating charges | 640/8 | €448 | €453 | +€5 | +1.1% |
| Gross operating margin | 9900 | €62,031 | €67,077 | +€5,046 | +8.1% |
| Operating profit (loss) | 9901 | €47,363 | €51,851 | +€4,489 | +9.5% |
| Financial income | 75/76B | €0 | €1,074 | +€1,074 | +357,887% |
| Recurring financial income | 75 | €0 | €1,074 | +€1,074 | +357,887% |
| Financial charges | 65/66B | €1,289 | €1,117 | -€172 | -13.4% |
| Recurring financial charges | 65 | €1,289 | €1,117 | -€172 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €46,074 | €51,808 | +€5,734 | +12.4% |
| Income taxes | 67/77 | €9,817 | €10,405 | +€588 | +6.0% |
| Profit (loss) for the period | 9904 | €36,257 | €41,403 | +€5,147 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,257 | €41,403 | +€5,147 | +14.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.