MAXIME VERSCHUERE: 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 VERSCHUERE
Largest movements
- Current investments +€58,626
new in 2025: €58,626
- Cash +€4,891
up €4,891 (+9.3%), from €52,545 to €57,437
mainly Net result for the year (+€56,222) and Tax, wage and social debts (+€7,865)
- Receivables within one year +€1,590
up €1,590 (+12.7%), from €12,512 to €14,103
- Reserves +€56,222
up €56,222 (+116%), from €48,574 to €104,797
- Tax, wage and social debts +€7,865
up €7,865 (+96.3%), from €8,166 to €16,031
- Gross operating margin +€37,163
up €37,163 (+104%), from €35,724 to €72,887
- Taxes +€7,682
up €7,682 (+94.1%), from €8,166 to €15,848
- Financial income +€1,618
up €1,618 (+5,392,267%), from €0 to €1,618
of which Financial income: +€1,610
- Financial charges +€1,375
up €1,375 (+3,160%), from €44 to €1,419
of which Non-recurring financial charges: +€1,374
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 | €66,676 | €131,513 | +€64,837 | +97.2% |
| Fixed assets | 21/28 | €1,619 | €1,348 | -€271 | -16.7% |
| Tangible fixed assets | 22/27 | €1,619 | €1,348 | -€271 | -16.7% |
| Plant, machinery and equipment | 23 | €718 | €399 | -€319 | -44.4% |
| Furniture and vehicles | 24 | €901 | €949 | +€48 | +5.3% |
| Current assets | 29/58 | €65,057 | €130,166 | +€65,108 | +100% |
| Amounts receivable within one year | 40/41 | €12,512 | €14,103 | +€1,590 | +12.7% |
| Trade receivables | 40 | €12,512 | €14,103 | +€1,590 | +12.7% |
| Current investments | 50/53 | - | €58,626 | +€58,626 | |
| Cash at bank and in hand | 54/58 | €52,545 | €57,437 | +€4,891 | +9.3% |
| Total equity and liabilities | 10/49 | €66,676 | €131,513 | +€64,837 | +97.2% |
| Equity | 10/15 | €50,574 | €106,797 | +€56,222 | +111% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €48,574 | €104,797 | +€56,222 | +116% |
| Distributable reserves | 133 | €48,574 | €104,797 | +€56,222 | +116% |
| Amounts payable | 17/49 | €16,102 | €24,717 | +€8,615 | +53.5% |
| Amounts payable within one year | 42/48 | €16,102 | €24,717 | +€8,615 | +53.5% |
| Trade debts | 44 | €2,944 | €3,782 | +€837 | +28.4% |
| Suppliers | 440/4 | €2,944 | €3,782 | +€837 | +28.4% |
| Taxes, remuneration and social security | 45 | €8,166 | €16,031 | +€7,865 | +96.3% |
| Taxes | 450/3 | €8,166 | €16,031 | +€7,865 | +96.3% |
| Other amounts payable | 47/48 | €4,992 | €4,905 | -€87 | -1.7% |
| Non-recurring operating income | 76A | €835 | €0 | -€835 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €537 | €870 | +€333 | +62.1% |
| Other operating charges | 640/8 | - | €145 | +€145 | |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €35,724 | €72,887 | +€37,163 | +104% |
| Operating profit (loss) | 9901 | €35,187 | €71,871 | +€36,684 | +104% |
| Financial income | 75/76B | €0 | €1,618 | +€1,618 | +5,392,267% |
| Recurring financial income | 75 | €0 | €1,610 | +€1,610 | +5,367,467% |
| Non-recurring financial income | 76B | €0 | €7 | +€7 | +24,700% |
| Financial charges | 65/66B | €44 | €1,419 | +€1,375 | +3,160% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Non-recurring financial charges | 66B | €0 | €1,374 | +€1,374 | +6,867,900% |
| Profit (loss) for the period before taxes | 9903 | €35,144 | €72,070 | +€36,927 | +105% |
| Income taxes | 67/77 | €8,166 | €15,848 | +€7,682 | +94.1% |
| Profit (loss) for the period | 9904 | €26,978 | €56,222 | +€29,244 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €26,978 | €56,222 | +€29,244 | +108% |
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 18 October 2026 via checked.be.