Maxine Potargent: 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.
Maxine Potargent
Largest movements
- Cash +€29,917
up €29,917 (+73.7%), from €40,604 to €70,520
mainly Net result for the year (+€53,759) and Trade debts (+€76)
- Receivables within one year +€23,919
up €23,919 (+77.5%), from €30,862 to €54,781
of which Other amounts receivable: +€12,119
- Reserves +€53,759
up €53,759 (+83.9%), from €64,074 to €117,833
- Gross operating margin +€21,909
up €21,909 (+48.8%), from €44,890 to €66,799
- Taxes +€5,054
up €5,054 (+54.5%), from €9,280 to €14,334
- Financial income +€1,836
new in 2025: €1,836
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 | €71,466 | €125,302 | +€53,836 | +75.3% |
| Current assets | 29/58 | €71,466 | €125,302 | +€53,836 | +75.3% |
| Amounts receivable within one year | 40/41 | €30,862 | €54,781 | +€23,919 | +77.5% |
| Trade receivables | 40 | - | €11,800 | +€11,800 | |
| Other amounts receivable | 41 | €30,862 | €42,981 | +€12,119 | +39.3% |
| Cash at bank and in hand | 54/58 | €40,604 | €70,520 | +€29,917 | +73.7% |
| Total equity and liabilities | 10/49 | €71,466 | €125,302 | +€53,836 | +75.3% |
| Equity | 10/15 | €68,074 | €121,833 | +€53,759 | +79.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €64,074 | €117,833 | +€53,759 | +83.9% |
| Distributable reserves | 133 | €64,074 | €117,833 | +€53,759 | +83.9% |
| Amounts payable | 17/49 | €3,392 | €3,468 | +€76 | +2.2% |
| Amounts payable within one year | 42/48 | €3,392 | €3,468 | +€76 | +2.2% |
| Trade debts | 44 | €962 | €1,038 | +€76 | +7.9% |
| Suppliers | 440/4 | €962 | €1,038 | +€76 | +7.9% |
| Taxes, remuneration and social security | 45 | €2,430 | €2,430 | = | 0.0% |
| Taxes | 450/3 | €2,430 | €2,430 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25 | - | -€25 | |
| Other operating charges | 640/8 | €62 | €486 | +€424 | +684% |
| Gross operating margin | 9900 | €44,890 | €66,799 | +€21,909 | +48.8% |
| Operating profit (loss) | 9901 | €44,803 | €66,313 | +€21,510 | +48.0% |
| Financial income | 75/76B | - | €1,836 | +€1,836 | |
| Recurring financial income | 75 | - | €1,836 | +€1,836 | |
| Financial charges | 65/66B | €44 | €55 | +€11 | +26.0% |
| Recurring financial charges | 65 | €44 | €55 | +€11 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €44,759 | €68,094 | +€23,334 | +52.1% |
| Income taxes | 67/77 | €9,280 | €14,334 | +€5,054 | +54.5% |
| Profit (loss) for the period | 9904 | €35,479 | €53,759 | +€18,280 | +51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,479 | €53,759 | +€18,280 | +51.5% |
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 21 October 2026 via checked.be.