STAESSENS MAXIM: 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.
STAESSENS MAXIM
Largest movements
- Cash +€19,051
up €19,051 (+187%), from €10,166 to €29,217
mainly Net result for the year (+€22,612) and Receivables within one year (+€14,050)
- Receivables within one year -€14,050
down €14,050 (-38.2%), from €36,808 to €22,758
of which Trade receivables: -€13,945
- Stocks and contracts +€10,000
up €10,000 (+132%), from €7,594 to €17,594
of which Contracts in progress: +€10,000
- Tangible fixed assets +€1,808
up €1,808 (+5.2%), from €34,655 to €36,463
of which Plant, machinery and equipment: +€7,922
- Reserves +€22,612
up €22,612 (+68.5%), from €32,999 to €55,612
- Debts after one year -€6,935
down €6,935 (-39.8%), from €17,446 to €10,511
- Accrued charges and deferred income -€4,550
no longer reported in 2025 (was €4,550)
- Trade debts +€2,910
up €2,910 (+14.8%), from €19,678 to €22,587
- Tax, wage and social debts +€2,812
up €2,812 (+42.8%), from €6,575 to €9,388
- Gross operating margin +€18,001
up €18,001 (+51.7%), from €34,816 to €52,817
- Taxes +€4,963
up €4,963 (+117%), from €4,246 to €9,210
- Depreciation +€2,843
up €2,843 (+45.5%), from €6,242 to €9,085
- Financial income +€672
up €672 (+202%), from €332 to €1,004
- Other operating charges +€596
up €596 (+120%), from €495 to €1,091
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 | €89,223 | €106,033 | +€16,809 | +18.8% |
| Fixed assets | 21/28 | €34,655 | €36,463 | +€1,808 | +5.2% |
| Tangible fixed assets | 22/27 | €34,655 | €36,463 | +€1,808 | +5.2% |
| Plant, machinery and equipment | 23 | €7,760 | €15,682 | +€7,922 | +102% |
| Furniture and vehicles | 24 | €26,895 | €20,781 | -€6,114 | -22.7% |
| Current assets | 29/58 | €54,568 | €69,569 | +€15,001 | +27.5% |
| Stocks and contracts in progress | 3 | €7,594 | €17,594 | +€10,000 | +132% |
| Stocks | 30/36 | €7,594 | €7,594 | = | 0.0% |
| Contracts in progress | 37 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €36,808 | €22,758 | -€14,050 | -38.2% |
| Trade receivables | 40 | €25,267 | €11,322 | -€13,945 | -55.2% |
| Other amounts receivable | 41 | €11,542 | €11,436 | -€105 | -0.9% |
| Cash at bank and in hand | 54/58 | €10,166 | €29,217 | +€19,051 | +187% |
| Total equity and liabilities | 10/49 | €89,223 | €106,033 | +€16,809 | +18.8% |
| Equity | 10/15 | €33,999 | €56,612 | +€22,612 | +66.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €32,999 | €55,612 | +€22,612 | +68.5% |
| Distributable reserves | 133 | €32,999 | €55,612 | +€22,612 | +68.5% |
| Amounts payable | 17/49 | €55,224 | €49,421 | -€5,803 | -10.5% |
| Amounts payable after more than one year | 17 | €17,446 | €10,511 | -€6,935 | -39.8% |
| Financial debts | 170/4 | €17,446 | €10,511 | -€6,935 | -39.8% |
| Amounts payable within one year | 42/48 | €33,228 | €38,910 | +€5,682 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €6,559 | €6,935 | +€376 | +5.7% |
| Trade debts | 44 | €19,678 | €22,587 | +€2,910 | +14.8% |
| Suppliers | 440/4 | €19,678 | €22,587 | +€2,910 | +14.8% |
| Taxes, remuneration and social security | 45 | €6,575 | €9,388 | +€2,812 | +42.8% |
| Taxes | 450/3 | €6,575 | €9,388 | +€2,812 | +42.8% |
| Other amounts payable | 47/48 | €416 | - | -€416 | |
| Accrued charges and deferred income | 492/3 | €4,550 | - | -€4,550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,242 | €9,085 | +€2,843 | +45.5% |
| Other operating charges | 640/8 | €495 | €1,091 | +€596 | +120% |
| Gross operating margin | 9900 | €34,816 | €52,817 | +€18,001 | +51.7% |
| Operating profit (loss) | 9901 | €28,078 | €42,640 | +€14,562 | +51.9% |
| Financial income | 75/76B | €332 | €1,004 | +€672 | +202% |
| Recurring financial income | 75 | €332 | €1,004 | +€672 | +202% |
| Financial charges | 65/66B | €11,357 | €11,822 | +€465 | +4.1% |
| Recurring financial charges | 65 | €11,357 | €11,822 | +€465 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €17,053 | €31,822 | +€14,769 | +86.6% |
| Income taxes | 67/77 | €4,246 | €9,210 | +€4,963 | +117% |
| Profit (loss) for the period | 9904 | €12,807 | €22,612 | +€9,806 | +76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,807 | €22,612 | +€9,806 | +76.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.