Maxime Vanoverschelde: 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 Vanoverschelde
Largest movements
- Receivables within one year +€25,906
up €25,906 (+296%), from €8,760 to €34,666
of which Other amounts receivable: +€34,340
- Tangible fixed assets +€16,203
up €16,203 (+637%), from €2,542 to €18,746
of which Furniture and vehicles: +€11,229
- Current investments +€4,000
new in 2025: €4,000
- Cash -€2,459
down €2,459 (-73.4%), from €3,352 to €893
mainly Receivables within one year (-€25,906) and Investment in fixed assets (net) (-€21,630)
- Intangible fixed assets -€2,000
down €2,000 (-22.3%), from €8,986 to €6,986
- Profit (loss) carried forward +€17,558
up €17,558 (+123%), from €14,297 to €31,854
- Debts after one year +€12,781
up €12,781 (+84,645%), from €15 to €12,796
of which Other amounts payable: +€12,351
- Tax, wage and social debts +€6,641
up €6,641 (+88.3%), from €7,522 to €14,163
- Short-term financial debts +€5,069
new in 2025: €5,069
- Gross operating margin +€11,435
up €11,435 (+56.2%), from €20,335 to €31,770
- Depreciation +€6,233
up €6,233 (+522%), from €1,194 to €7,427
- Financial income +€1,881
new in 2025: €1,881
- Taxes +€1,878
up €1,878 (+43.7%), from €4,300 to €6,178
- Other operating charges +€1,731
up €1,731 (+578%), from €300 to €2,031
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 | €23,641 | €65,937 | +€42,295 | +179% |
| Fixed assets | 21/28 | €11,529 | €25,732 | +€14,203 | +123% |
| Intangible fixed assets | 21 | €8,986 | €6,986 | -€2,000 | -22.3% |
| Tangible fixed assets | 22/27 | €2,542 | €18,746 | +€16,203 | +637% |
| Plant, machinery and equipment | 23 | €2,542 | €7,517 | +€4,974 | +196% |
| Furniture and vehicles | 24 | - | €11,229 | +€11,229 | |
| Current assets | 29/58 | €12,112 | €40,205 | +€28,092 | +232% |
| Amounts receivable within one year | 40/41 | €8,760 | €34,666 | +€25,906 | +296% |
| Trade receivables | 40 | €8,760 | €327 | -€8,434 | -96.3% |
| Other amounts receivable | 41 | - | €34,340 | +€34,340 | |
| Current investments | 50/53 | - | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | €3,352 | €893 | -€2,459 | -73.4% |
| Deferred charges and accrued income | 490/1 | - | €646 | +€646 | |
| Total equity and liabilities | 10/49 | €23,641 | €65,937 | +€42,295 | +179% |
| Equity | 10/15 | €15,297 | €32,854 | +€17,558 | +115% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,297 | €31,854 | +€17,558 | +123% |
| Amounts payable | 17/49 | €8,345 | €33,082 | +€24,738 | +296% |
| Amounts payable after more than one year | 17 | €15 | €12,796 | +€12,781 | +84,645% |
| Financial debts | 170/4 | - | €430 | +€430 | |
| Other amounts payable | 178/9 | €15 | €12,367 | +€12,351 | +81,797% |
| Amounts payable within one year | 42/48 | €8,329 | €20,286 | +€11,956 | +144% |
| Financial debts | 43 | - | €5,069 | +€5,069 | |
| Credit institutions | 430/8 | - | €5,069 | +€5,069 | |
| Trade debts | 44 | €808 | €1,055 | +€247 | +30.6% |
| Suppliers | 440/4 | €808 | €1,055 | +€247 | +30.6% |
| Taxes, remuneration and social security | 45 | €7,522 | €14,163 | +€6,641 | +88.3% |
| Taxes | 450/3 | €7,522 | €14,163 | +€6,641 | +88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,194 | €7,427 | +€6,233 | +522% |
| Other operating charges | 640/8 | €300 | €2,031 | +€1,731 | +578% |
| Gross operating margin | 9900 | €20,335 | €31,770 | +€11,435 | +56.2% |
| Operating profit (loss) | 9901 | €18,842 | €22,313 | +€3,471 | +18.4% |
| Financial income | 75/76B | - | €1,881 | +€1,881 | |
| Recurring financial income | 75 | - | €1,881 | +€1,881 | |
| Financial charges | 65/66B | €245 | €458 | +€213 | +86.8% |
| Recurring financial charges | 65 | €245 | €458 | +€213 | +86.8% |
| Profit (loss) for the period before taxes | 9903 | €18,597 | €23,736 | +€5,139 | +27.6% |
| Income taxes | 67/77 | €4,300 | €6,178 | +€1,878 | +43.7% |
| Profit (loss) for the period | 9904 | €14,297 | €17,558 | +€3,261 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,297 | €17,558 | +€3,261 | +22.8% |
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.