maxime durdu: 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 durdu
Largest movements
- Cash +€118,211
up €118,211 (+227.9%), from €51,863 to €170,074
mainly Other debts (+€131,936) and Current investments (+€100,000)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year +€14,924
up €14,924 (+473.3%), from €3,153 to €18,077
of which Trade receivables: +€12,799
- Tangible fixed assets -€4,260
down €4,260 (-38.3%), from €11,135 to €6,876
of which Other tangible fixed assets: -€2,168
- Other debts +€131,936
up €131,936 (+527.7%), from €25,000 to €156,936
- Profit (loss) carried forward -€114,003
no longer reported in 2025 (was €114,003)
- Trade debts +€15,655
up €15,655 (+3523.1%), from €444 to €16,100
- Tax, wage and social debts -€4,106
down €4,106 (-36.7%), from €11,173 to €7,068
- Gross operating margin -€8,472
down €8,472 (-12.6%), from €67,145 to €58,673
- Financial income +€3,095
up €3,095 (+61906.0%), from €5 to €3,100
- Depreciation +€1,246
up €1,246 (+41.3%), from €3,014 to €4,260
- Taxes -€1,210
down €1,210 (-9.3%), from €12,972 to €11,762
- Other operating charges +€787
up €787 (+160.2%), from €491 to €1,278
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 | €166,229 | €195,104 | +€28,875 | +17.4% |
| Fixed assets | 21/28 | €11,212 | €6,953 | -€4,260 | -38.0% |
| Tangible fixed assets | 22/27 | €11,135 | €6,876 | -€4,260 | -38.3% |
| Furniture and vehicles | 24 | €5,339 | €3,247 | -€2,092 | -39.2% |
| Other tangible fixed assets | 26 | €5,796 | €3,629 | -€2,168 | -37.4% |
| Financial fixed assets | 28 | €77 | €77 | = | 0.0% |
| Current assets | 29/58 | €155,016 | €188,151 | +€33,135 | +21.4% |
| Amounts receivable within one year | 40/41 | €3,153 | €18,077 | +€14,924 | +473.3% |
| Trade receivables | 40 | €1 | €12,800 | +€12,799 | +1066566.7% |
| Other amounts receivable | 41 | €3,152 | €5,277 | +€2,125 | +67.4% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €51,863 | €170,074 | +€118,211 | +227.9% |
| Total equity and liabilities | 10/49 | €166,229 | €195,104 | +€28,875 | +17.4% |
| Equity | 10/15 | €129,003 | €15,000 | -€114,003 | -88.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,003 | - | -€114,003 | |
| Amounts payable | 17/49 | €37,226 | €180,104 | +€142,878 | +383.8% |
| Amounts payable within one year | 42/48 | €36,617 | €180,104 | +€143,486 | +391.9% |
| Trade debts | 44 | €444 | €16,100 | +€15,655 | +3523.1% |
| Suppliers | 440/4 | €444 | €16,100 | +€15,655 | +3523.1% |
| Taxes, remuneration and social security | 45 | €11,173 | €7,068 | -€4,106 | -36.7% |
| Taxes | 450/3 | €11,173 | €7,068 | -€4,106 | -36.7% |
| Other amounts payable | 47/48 | €25,000 | €156,936 | +€131,936 | +527.7% |
| Accrued charges and deferred income | 492/3 | €608 | - | -€608 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,014 | €4,260 | +€1,246 | +41.3% |
| Other operating charges | 640/8 | €491 | €1,278 | +€787 | +160.2% |
| Gross operating margin | 9900 | €67,145 | €58,673 | -€8,472 | -12.6% |
| Operating profit (loss) | 9901 | €63,640 | €53,135 | -€10,504 | -16.5% |
| Financial income | 75/76B | €5 | €3,100 | +€3,095 | +61906.0% |
| Recurring financial income | 75 | €5 | €3,100 | +€3,095 | +61906.0% |
| Financial charges | 65/66B | €1,503 | €1,540 | +€37 | +2.4% |
| Recurring financial charges | 65 | €1,503 | €1,540 | +€37 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €62,141 | €54,695 | -€7,446 | -12.0% |
| Income taxes | 67/77 | €12,972 | €11,762 | -€1,210 | -9.3% |
| Profit (loss) for the period | 9904 | €49,170 | €42,933 | -€6,236 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,170 | €42,933 | -€6,236 | -12.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.