Maxime Servais: 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 Servais
Largest movements
- Cash +€119,641
up €119,641 (+57.0%), from €209,929 to €329,570
mainly Net result for the year (+€134,548) and Tax, wage and social debts (+€27,058)
- Receivables within one year +€12,013
up €12,013 (+60.4%), from €19,879 to €31,892
- Reserves +€285,000
new in 2025: €285,000
- Profit (loss) carried forward -€150,452
down €150,452 (-96.7%), from €155,545 to €5,092
- Trade debts -€30,063
down €30,063 (-95.9%), from €31,358 to €1,296
- Tax, wage and social debts +€27,058
up €27,058 (+64.7%), from €41,792 to €68,850
of which Taxes: +€23,858
- Gross operating margin +€74,503
up €74,503 (+77.6%), from €95,963 to €170,467
- Taxes +€18,296
up €18,296 (+95.3%), from €19,199 to €37,494
- Financial income +€1,914
new in 2025: €1,914
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 | €230,759 | €363,939 | +€133,180 | +57.7% |
| Fixed assets | 21/28 | €91 | €2,477 | +€2,387 | +2,628% |
| Tangible fixed assets | 22/27 | - | €887 | +€887 | |
| Furniture and vehicles | 24 | - | €887 | +€887 | |
| Financial fixed assets | 28 | €91 | €1,591 | +€1,500 | +1,652% |
| Current assets | 29/58 | €230,668 | €361,462 | +€130,794 | +56.7% |
| Amounts receivable within one year | 40/41 | €19,879 | €31,892 | +€12,013 | +60.4% |
| Trade receivables | 40 | €19,879 | €31,892 | +€12,013 | +60.4% |
| Cash at bank and in hand | 54/58 | €209,929 | €329,570 | +€119,641 | +57.0% |
| Deferred charges and accrued income | 490/1 | €860 | - | -€860 | |
| Total equity and liabilities | 10/49 | €230,759 | €363,939 | +€133,180 | +57.7% |
| Equity | 10/15 | €157,545 | €292,092 | +€134,548 | +85.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €285,000 | +€285,000 | |
| Distributable reserves | 133 | - | €285,000 | +€285,000 | |
| Profit (loss) carried forward | 14 | €155,545 | €5,092 | -€150,452 | -96.7% |
| Amounts payable | 17/49 | €73,214 | €71,847 | -€1,368 | -1.9% |
| Amounts payable within one year | 42/48 | €73,214 | €71,847 | -€1,368 | -1.9% |
| Trade debts | 44 | €31,358 | €1,296 | -€30,063 | -95.9% |
| Suppliers | 440/4 | €31,358 | €1,296 | -€30,063 | -95.9% |
| Taxes, remuneration and social security | 45 | €41,792 | €68,850 | +€27,058 | +64.7% |
| Taxes | 450/3 | €41,792 | €65,650 | +€23,858 | +57.1% |
| Remuneration and social security | 454/9 | - | €3,200 | +€3,200 | |
| Other amounts payable | 47/48 | €64 | €1,701 | +€1,638 | +2,567% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €47 | +€47 | |
| Other operating charges | 640/8 | €105 | - | -€105 | |
| Gross operating margin | 9900 | €95,963 | €170,467 | +€74,503 | +77.6% |
| Operating profit (loss) | 9901 | €95,858 | €170,420 | +€74,562 | +77.8% |
| Financial income | 75/76B | - | €1,914 | +€1,914 | |
| Recurring financial income | 75 | - | €1,914 | +€1,914 | |
| Financial charges | 65/66B | €244 | €292 | +€48 | +19.6% |
| Recurring financial charges | 65 | €244 | €292 | +€48 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €95,614 | €172,042 | +€76,428 | +79.9% |
| Income taxes | 67/77 | €19,199 | €37,494 | +€18,296 | +95.3% |
| Profit (loss) for the period | 9904 | €76,416 | €134,548 | +€58,132 | +76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,416 | €134,548 | +€58,132 | +76.1% |
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 19 October 2026 via checked.be.