MAXIME LACASSE: 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 LACASSE
Largest movements
- Tangible fixed assets +€55,430
up €55,430 (+710.4%), from €7,803 to €63,232
of which Land and buildings: +€57,057
- Financial fixed assets +€32,500
new in 2025: €32,500
- Cash -€3,923
down €3,923 (-55.6%), from €7,053 to €3,130
mainly Investment in fixed assets (net) (-€97,874) and Receivables within one year (-€1,835)
- Deferred charges and accrued income -€2,192
down €2,192 (-100.0%), from €2,192 to €0
- Receivables within one year +€1,835
up €1,835 (+7.8%), from €23,427 to €25,261
of which Other amounts receivable: +€2,237
- Debts after one year +€72,589
new in 2025: €72,589
- Current portion of long-term debt +€11,010
new in 2025: €11,010
- Tax, wage and social debts +€1,943
up €1,943 (+13.0%), from €14,955 to €16,898
- Profit (loss) carried forward -€1,828
down €1,828 (-8.9%), from €20,623 to €18,795
- Gross operating margin -€8,429
down €8,429 (-40.8%), from €20,637 to €12,208
- Depreciation +€7,789
up €7,789 (+361.4%), from €2,155 to €9,945
- Taxes -€2,935
down €2,935 (-66.1%), from €4,442 to €1,507
- Financial charges +€1,937
up €1,937 (+5517.8%), from €35 to €1,972
- Financial income +€562
up €562 (+1360.7%), from €41 to €603
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 | €40,474 | €124,124 | +€83,650 | +206.7% |
| Fixed assets | 21/28 | €7,803 | €95,732 | +€87,930 | +1126.9% |
| Tangible fixed assets | 22/27 | €7,803 | €63,232 | +€55,430 | +710.4% |
| Land and buildings | 22 | - | €57,057 | +€57,057 | |
| Furniture and vehicles | 24 | €7,803 | €6,175 | -€1,627 | -20.9% |
| Financial fixed assets | 28 | - | €32,500 | +€32,500 | |
| Current assets | 29/58 | €32,671 | €28,392 | -€4,280 | -13.1% |
| Amounts receivable within one year | 40/41 | €23,427 | €25,261 | +€1,835 | +7.8% |
| Trade receivables | 40 | €12,549 | €12,147 | -€403 | -3.2% |
| Other amounts receivable | 41 | €10,877 | €13,115 | +€2,237 | +20.6% |
| Cash at bank and in hand | 54/58 | €7,053 | €3,130 | -€3,923 | -55.6% |
| Deferred charges and accrued income | 490/1 | €2,192 | €0 | -€2,192 | -100.0% |
| Total equity and liabilities | 10/49 | €40,474 | €124,124 | +€83,650 | +206.7% |
| Equity | 10/15 | €21,623 | €19,795 | -€1,828 | -8.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,623 | €18,795 | -€1,828 | -8.9% |
| Amounts payable | 17/49 | €18,851 | €104,329 | +€85,478 | +453.4% |
| Amounts payable after more than one year | 17 | - | €72,589 | +€72,589 | |
| Financial debts | 170/4 | - | €72,589 | +€72,589 | |
| Amounts payable within one year | 42/48 | €18,851 | €31,740 | +€12,889 | +68.4% |
| Current portion of amounts payable after more than one year | 42 | - | €11,010 | +€11,010 | |
| Trade debts | 44 | €3,896 | €3,832 | -€64 | -1.7% |
| Suppliers | 440/4 | €3,896 | €3,832 | -€64 | -1.7% |
| Taxes, remuneration and social security | 45 | €14,955 | €16,898 | +€1,943 | +13.0% |
| Taxes | 450/3 | €14,955 | €16,898 | +€1,943 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,155 | €9,945 | +€7,789 | +361.4% |
| Other operating charges | 640/8 | €1,009 | €1,215 | +€206 | +20.4% |
| Gross operating margin | 9900 | €20,637 | €12,208 | -€8,429 | -40.8% |
| Operating profit (loss) | 9901 | €17,473 | €1,048 | -€16,425 | -94.0% |
| Financial income | 75/76B | €41 | €603 | +€562 | +1360.7% |
| Recurring financial income | 75 | €41 | €603 | +€562 | +1360.7% |
| Financial charges | 65/66B | €35 | €1,972 | +€1,937 | +5517.8% |
| Recurring financial charges | 65 | €35 | €1,972 | +€1,937 | +5517.8% |
| Profit (loss) for the period before taxes | 9903 | €17,479 | -€321 | -€17,800 | |
| Income taxes | 67/77 | €4,442 | €1,507 | -€2,935 | -66.1% |
| Profit (loss) for the period | 9904 | €13,036 | -€1,828 | -€14,864 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,036 | -€1,828 | -€14,864 |
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 11 October 2026 via checked.be.