Xavier Maquet: 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.
Xavier Maquet
Largest movements
- Cash +€13,409
up €13,409 (+55.5%), from €24,163 to €37,572
mainly Depreciation (+€9,981) and Tax, wage and social debts (+€7,117)
- Tangible fixed assets -€4,887
down €4,887 (-27.6%), from €17,712 to €12,825
of which Furniture and vehicles: -€2,587
- Deferred charges and accrued income +€1,529
up €1,529 (+3,216%), from €48 to €1,577
- Tax, wage and social debts +€7,117
up €7,117 (+290%), from €2,451 to €9,568
- Current portion of long-term debt -€6,649
down €6,649 (-83.2%), from €7,988 to €1,338
- Profit (loss) carried forward +€5,856
up €5,856 (+91.0%), from €6,434 to €12,290
- Other debts +€5,611
up €5,611 (+19.4%), from €28,850 to €34,461
- Debts after one year -€1,338
no longer reported in 2025 (was €1,338)
- Financial charges -€2,288
down €2,288 (-13.2%), from €17,390 to €15,103
- Gross operating margin +€1,040
up €1,040 (+3.0%), from €35,053 to €36,093
- Taxes +€712
up €712 (+33.5%), from €2,123 to €2,834
- Other operating charges +€626
up €626 (+72.8%), from €860 to €1,485
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 | €50,436 | €60,209 | +€9,773 | +19.4% |
| Fixed assets | 21/28 | €17,712 | €12,825 | -€4,887 | -27.6% |
| Tangible fixed assets | 22/27 | €17,712 | €12,825 | -€4,887 | -27.6% |
| Furniture and vehicles | 24 | €8,977 | €6,390 | -€2,587 | -28.8% |
| Other tangible fixed assets | 26 | €8,735 | €6,435 | -€2,300 | -26.3% |
| Current assets | 29/58 | €32,724 | €47,383 | +€14,659 | +44.8% |
| Amounts receivable within one year | 40/41 | €8,513 | €8,234 | -€279 | -3.3% |
| Trade receivables | 40 | €8,405 | €8,234 | -€171 | -2.0% |
| Other amounts receivable | 41 | €108 | - | -€108 | |
| Cash at bank and in hand | 54/58 | €24,163 | €37,572 | +€13,409 | +55.5% |
| Deferred charges and accrued income | 490/1 | €48 | €1,577 | +€1,529 | +3,216% |
| Total equity and liabilities | 10/49 | €50,436 | €60,209 | +€9,773 | +19.4% |
| Equity | 10/15 | €8,934 | €14,790 | +€5,856 | +65.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,434 | €12,290 | +€5,856 | +91.0% |
| Amounts payable | 17/49 | €41,502 | €45,418 | +€3,917 | +9.4% |
| Amounts payable after more than one year | 17 | €1,338 | - | -€1,338 | |
| Financial debts | 170/4 | €1,338 | - | -€1,338 | |
| Amounts payable within one year | 42/48 | €40,163 | €45,418 | +€5,255 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €7,988 | €1,338 | -€6,649 | -83.2% |
| Trade debts | 44 | €875 | €51 | -€824 | -94.2% |
| Suppliers | 440/4 | €875 | €51 | -€824 | -94.2% |
| Taxes, remuneration and social security | 45 | €2,451 | €9,568 | +€7,117 | +290% |
| Taxes | 450/3 | €2,451 | €9,568 | +€7,117 | +290% |
| Other amounts payable | 47/48 | €28,850 | €34,461 | +€5,611 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,784 | €9,981 | +€197 | +2.0% |
| Other operating charges | 640/8 | €860 | €1,485 | +€626 | +72.8% |
| Gross operating margin | 9900 | €35,053 | €36,093 | +€1,040 | +3.0% |
| Operating profit (loss) | 9901 | €24,410 | €24,626 | +€217 | +0.9% |
| Financial charges | 65/66B | €17,390 | €15,103 | -€2,288 | -13.2% |
| Recurring financial charges | 65 | €17,390 | €15,103 | -€2,288 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €7,019 | €9,524 | +€2,504 | +35.7% |
| Income taxes | 67/77 | €2,123 | €2,834 | +€712 | +33.5% |
| Profit (loss) for the period | 9904 | €4,896 | €6,689 | +€1,793 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,896 | €6,689 | +€1,793 | +36.6% |
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 13 October 2026 via checked.be.