MAXIME LIZON: 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 LIZON
Largest movements
- Tangible fixed assets +€119,553
up €119,553 (+240%), from €49,892 to €169,445
of which Furniture and vehicles: +€62,296
- Receivables within one year -€17,713
down €17,713 (-7.2%), from €245,623 to €227,910
of which Trade receivables: -€22,732
- Stocks and contracts +€15,896
up €15,896 (+33.6%), from €47,373 to €63,269
- Cash +€12,309
up €12,309 (+30.9%), from €39,852 to €52,162
mainly Debts after one year (+€57,669) and Net result for the year (+€36,737)
- Current investments +€8,400
up €8,400 (+22.8%), from €36,849 to €45,249
- Debts after one year +€57,669
up €57,669 (+215%), from €26,816 to €84,484
- Reserves +€36,737
up €36,737 (+76.7%), from €47,875 to €84,612
- Current portion of long-term debt +€17,826
up €17,826 (+92.2%), from €19,338 to €37,164
- Accrued charges and deferred income +€15,575
new in 2024: €15,575
- Trade debts -€6,037
down €6,037 (-5.6%), from €107,676 to €101,640
- Gross operating margin +€46,959
up €46,959 (+35.0%), from €134,228 to €181,187
- Staff costs +€12,575
up €12,575 (+40.9%), from €30,764 to €43,338
- Other operating charges +€10,303
up €10,303 (+342%), from €3,013 to €13,316
- Taxes +€3,913
up €3,913 (+45.8%), from €8,535 to €12,448
- Depreciation +€1,955
up €1,955 (+10.2%), from €19,128 to €21,082
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €423,409 | €558,612 | +€135,203 | +31.9% |
| Fixed assets | 21/28 | €50,022 | €169,575 | +€119,553 | +239% |
| Tangible fixed assets | 22/27 | €49,892 | €169,445 | +€119,553 | +240% |
| Land and buildings | 22 | €2,365 | €1,016 | -€1,348 | -57.0% |
| Plant, machinery and equipment | 23 | €41,972 | €100,577 | +€58,606 | +140% |
| Furniture and vehicles | 24 | €5,556 | €67,851 | +€62,296 | +1,121% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €373,387 | €389,037 | +€15,650 | +4.2% |
| Stocks and contracts in progress | 3 | €47,373 | €63,269 | +€15,896 | +33.6% |
| Stocks | 30/36 | €47,373 | €63,269 | +€15,896 | +33.6% |
| Amounts receivable within one year | 40/41 | €245,623 | €227,910 | -€17,713 | -7.2% |
| Trade receivables | 40 | €245,623 | €222,891 | -€22,732 | -9.3% |
| Other amounts receivable | 41 | - | €5,019 | +€5,019 | |
| Current investments | 50/53 | €36,849 | €45,249 | +€8,400 | +22.8% |
| Cash at bank and in hand | 54/58 | €39,852 | €52,162 | +€12,309 | +30.9% |
| Deferred charges and accrued income | 490/1 | €3,690 | €448 | -€3,242 | -87.9% |
| Total equity and liabilities | 10/49 | €423,409 | €558,612 | +€135,203 | +31.9% |
| Equity | 10/15 | €150,577 | €187,313 | +€36,737 | +24.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €47,875 | €84,612 | +€36,737 | +76.7% |
| Distributable reserves | 133 | €47,875 | €84,612 | +€36,737 | +76.7% |
| Profit (loss) carried forward | 14 | €52,701 | €52,701 | = | 0.0% |
| Amounts payable | 17/49 | €272,832 | €371,298 | +€98,466 | +36.1% |
| Amounts payable after more than one year | 17 | €26,816 | €84,484 | +€57,669 | +215% |
| Financial debts | 170/4 | €26,816 | €84,484 | +€57,669 | +215% |
| Amounts payable within one year | 42/48 | €246,016 | €271,239 | +€25,222 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €19,338 | €37,164 | +€17,826 | +92.2% |
| Financial debts | 43 | €55,397 | €59,294 | +€3,897 | +7.0% |
| Credit institutions | 430/8 | €55,397 | €59,294 | +€3,897 | +7.0% |
| Trade debts | 44 | €107,676 | €101,640 | -€6,037 | -5.6% |
| Suppliers | 440/4 | €107,676 | €101,640 | -€6,037 | -5.6% |
| Taxes, remuneration and social security | 45 | €13,162 | €18,503 | +€5,342 | +40.6% |
| Taxes | 450/3 | €4,406 | €9,055 | +€4,648 | +105% |
| Remuneration and social security | 454/9 | €8,755 | €9,449 | +€693 | +7.9% |
| Other amounts payable | 47/48 | €50,443 | €54,638 | +€4,195 | +8.3% |
| Accrued charges and deferred income | 492/3 | - | €15,575 | +€15,575 | |
| Non-recurring operating income | 76A | - | €17,060 | +€17,060 | |
| Remuneration, social security and pensions | 62 | €30,764 | €43,338 | +€12,575 | +40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,128 | €21,082 | +€1,955 | +10.2% |
| Other operating charges | 640/8 | €3,013 | €13,316 | +€10,303 | +342% |
| Non-recurring operating charges | 66A | €36,523 | €35,218 | -€1,305 | -3.6% |
| Gross operating margin | 9900 | €134,228 | €181,187 | +€46,959 | +35.0% |
| Operating profit (loss) | 9901 | €44,800 | €68,233 | +€23,432 | +52.3% |
| Financial income | 75/76B | €772 | €37 | -€735 | -95.2% |
| Recurring financial income | 75 | €772 | €37 | -€735 | -95.2% |
| Financial charges | 65/66B | €17,581 | €19,085 | +€1,503 | +8.5% |
| Recurring financial charges | 65 | €17,581 | €19,085 | +€1,503 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €27,991 | €49,185 | +€21,194 | +75.7% |
| Income taxes | 67/77 | €8,535 | €12,448 | +€3,913 | +45.8% |
| Profit (loss) for the period | 9904 | €19,455 | €36,737 | +€17,281 | +88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,455 | €36,737 | +€17,281 | +88.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.