Maxime Fastrez: 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 Fastrez
Largest movements
- Receivables within one year +€18,998
up €18,998 (+62.6%), from €30,339 to €49,338
- Tangible fixed assets -€8,302
down €8,302 (-42.8%), from €19,415 to €11,113
of which Furniture and vehicles: -€6,345
- Cash -€4,375
down €4,375 (-51.7%), from €8,462 to €4,087
mainly Contributions, distributions and other (-€62,293) and Receivables within one year (-€18,998)
- Tax, wage and social debts +€5,428
up €5,428 (+10.9%), from €49,653 to €55,081
- Trade debts +€893
up €893 (+16.1%), from €5,563 to €6,456
- Gross operating margin -€12,365
down €12,365 (-11.8%), from €104,833 to €92,469
- Taxes -€3,210
down €3,210 (-13.6%), from €23,539 to €20,329
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 | €58,216 | €64,537 | +€6,321 | +10.9% |
| Fixed assets | 21/28 | €19,415 | €11,113 | -€8,302 | -42.8% |
| Tangible fixed assets | 22/27 | €19,415 | €11,113 | -€8,302 | -42.8% |
| Furniture and vehicles | 24 | €7,627 | €1,281 | -€6,345 | -83.2% |
| Other tangible fixed assets | 26 | €11,788 | €9,832 | -€1,957 | -16.6% |
| Current assets | 29/58 | €38,802 | €53,425 | +€14,623 | +37.7% |
| Amounts receivable within one year | 40/41 | €30,339 | €49,338 | +€18,998 | +62.6% |
| Other amounts receivable | 41 | €30,339 | €49,338 | +€18,998 | +62.6% |
| Cash at bank and in hand | 54/58 | €8,462 | €4,087 | -€4,375 | -51.7% |
| Total equity and liabilities | 10/49 | €58,216 | €64,537 | +€6,321 | +10.9% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable | 17/49 | €55,216 | €61,537 | +€6,321 | +11.4% |
| Amounts payable within one year | 42/48 | €55,216 | €61,537 | +€6,321 | +11.4% |
| Trade debts | 44 | €5,563 | €6,456 | +€893 | +16.1% |
| Suppliers | 440/4 | €5,563 | €6,456 | +€893 | +16.1% |
| Taxes, remuneration and social security | 45 | €49,653 | €55,081 | +€5,428 | +10.9% |
| Taxes | 450/3 | €49,653 | €55,081 | +€5,428 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,212 | €8,302 | +€90 | +1.1% |
| Other operating charges | 640/8 | €452 | €1,260 | +€808 | +178.6% |
| Gross operating margin | 9900 | €104,833 | €92,469 | -€12,365 | -11.8% |
| Operating profit (loss) | 9901 | €96,168 | €82,906 | -€13,262 | -13.8% |
| Financial charges | 65/66B | €539 | €284 | -€254 | -47.3% |
| Recurring financial charges | 65 | €539 | €284 | -€254 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €95,630 | €82,622 | -€13,008 | -13.6% |
| Income taxes | 67/77 | €23,539 | €20,329 | -€3,210 | -13.6% |
| Profit (loss) for the period | 9904 | €72,091 | €62,293 | -€9,798 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €72,091 | €62,293 | -€9,798 | -13.6% |
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 30 September 2026 via checked.be.