Maxime Nyamabu: 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 Nyamabu
Largest movements
- Cash -€17,225
down €17,225 (-70.6%), from €24,389 to €7,163
mainly Net result for the year (-€10,462) and Trade debts (-€7,604)
- Receivables within one year +€4,465
up €4,465 (+32.4%), from €13,762 to €18,227
of which Other amounts receivable: +€10,034
- Tangible fixed assets -€2,928
down €2,928 (-31.9%), from €9,185 to €6,257
- Profit (loss) carried forward -€10,462
down €10,462 (-53.6%), from €19,513 to €9,051
- Trade debts -€7,604
down €7,604 (-76.9%), from €9,893 to €2,289
- Short-term financial debts +€6,992
new in 2025: €6,992
- Debts after one year -€3,393
down €3,393 (-65.9%), from €5,149 to €1,755
- Tax, wage and social debts -€1,612
down €1,612 (-14.5%), from €11,081 to €9,469
- Gross operating margin -€32,358
down €32,358 (-86.1%), from €37,593 to €5,234
- Taxes -€7,568
down €7,568 (-39.5%), from €19,174 to €11,607
- Other operating charges -€780
down €780 (-68.9%), from €1,131 to €352
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 | €51,923 | €35,995 | -€15,928 | -30.7% |
| Formation expenses | 20 | €528 | €288 | -€240 | -45.5% |
| Fixed assets | 21/28 | €13,245 | €10,317 | -€2,928 | -22.1% |
| Tangible fixed assets | 22/27 | €9,185 | €6,257 | -€2,928 | -31.9% |
| Furniture and vehicles | 24 | €9,185 | €6,257 | -€2,928 | -31.9% |
| Financial fixed assets | 28 | €4,060 | €4,060 | = | 0.0% |
| Current assets | 29/58 | €38,151 | €25,390 | -€12,761 | -33.4% |
| Amounts receivable within one year | 40/41 | €13,762 | €18,227 | +€4,465 | +32.4% |
| Trade receivables | 40 | €9,018 | €3,449 | -€5,569 | -61.8% |
| Other amounts receivable | 41 | €4,744 | €14,778 | +€10,034 | +212% |
| Cash at bank and in hand | 54/58 | €24,389 | €7,163 | -€17,225 | -70.6% |
| Total equity and liabilities | 10/49 | €51,923 | €35,995 | -€15,928 | -30.7% |
| Equity | 10/15 | €22,013 | €11,551 | -€10,462 | -47.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,513 | €9,051 | -€10,462 | -53.6% |
| Amounts payable | 17/49 | €29,910 | €24,444 | -€5,466 | -18.3% |
| Amounts payable after more than one year | 17 | €5,149 | €1,755 | -€3,393 | -65.9% |
| Financial debts | 170/4 | €5,149 | €1,755 | -€3,393 | -65.9% |
| Amounts payable within one year | 42/48 | €24,761 | €22,689 | -€2,073 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €3,243 | €3,393 | +€150 | +4.6% |
| Financial debts | 43 | - | €6,992 | +€6,992 | |
| Credit institutions | 430/8 | - | €6,992 | +€6,992 | |
| Trade debts | 44 | €9,893 | €2,289 | -€7,604 | -76.9% |
| Suppliers | 440/4 | €9,893 | €2,289 | -€7,604 | -76.9% |
| Advances received on contracts in progress | 46 | €545 | €545 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €11,081 | €9,469 | -€1,612 | -14.5% |
| Taxes | 450/3 | €11,081 | €9,469 | -€1,612 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,168 | €3,168 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,131 | €352 | -€780 | -68.9% |
| Gross operating margin | 9900 | €37,593 | €5,234 | -€32,358 | -86.1% |
| Operating profit (loss) | 9901 | €33,294 | €1,715 | -€31,579 | -94.8% |
| Financial income | 75/76B | €7 | €19 | +€11 | +154% |
| Recurring financial income | 75 | €7 | €19 | +€11 | +154% |
| Financial charges | 65/66B | €611 | €589 | -€22 | -3.6% |
| Recurring financial charges | 65 | €611 | €589 | -€22 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €32,690 | €1,145 | -€31,546 | -96.5% |
| Income taxes | 67/77 | €19,174 | €11,607 | -€7,568 | -39.5% |
| Profit (loss) for the period | 9904 | €13,516 | -€10,462 | -€23,978 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,516 | -€10,462 | -€23,978 |
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 22 October 2026 via checked.be.