C-Maxi: what changed
Two fiscal 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.
C-Maxi
Largest movements
- Receivables within one year +€31,665
up €31,665 (+28.3%), from €111,872 to €143,537
of which Trade receivables: +€56,142
- Profit (loss) carried forward +€27,864
up €27,864 (+54.8%), from -€50,844 to -€22,980
- Trade debts +€12,873
up €12,873 (+367.4%), from €3,504 to €16,376
- Tax, wage and social debts -€8,545
down €8,545 (-6.7%), from €127,452 to €118,907
of which Remuneration and social security: -€9,598
- Gross operating margin +€69,188
up €69,188 (+16.0%), from €431,542 to €500,731
- Financial charges +€43,122
up €43,122 (+1726.6%), from €2,497 to €45,619
- Depreciation +€8,652
up €8,652 (+111.2%), from €7,782 to €16,434
- Taxes +€8,134
up €8,134 (+268.7%), from €3,028 to €11,162
- Staff costs -€6,235
down €6,235 (-1.5%), from €402,547 to €396,312
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.
Cash bridge derived
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 | €170,075 | €202,267 | +€32,193 | +18.9% |
| Fixed assets | 21/28 | €37,517 | €36,727 | -€790 | -2.1% |
| Tangible fixed assets | 22/27 | €33,892 | €33,102 | -€790 | -2.3% |
| Land and buildings | 22 | - | €1,419 | +€1,419 | |
| Plant, machinery and equipment | 23 | €3,706 | €2,825 | -€882 | -23.8% |
| Furniture and vehicles | 24 | €30,186 | €28,859 | -€1,327 | -4.4% |
| Financial fixed assets | 28 | €3,625 | €3,625 | = | 0.0% |
| Current assets | 29/58 | €132,558 | €165,540 | +€32,982 | +24.9% |
| Amounts receivable after more than one year | 29 | €20,322 | €20,036 | -€286 | -1.4% |
| Trade receivables | 290 | €20,322 | €20,036 | -€286 | -1.4% |
| Amounts receivable within one year | 40/41 | €111,872 | €143,537 | +€31,665 | +28.3% |
| Trade receivables | 40 | €39,484 | €95,626 | +€56,142 | +142.2% |
| Other amounts receivable | 41 | €72,387 | €47,911 | -€24,477 | -33.8% |
| Cash at bank and in hand | 54/58 | €364 | €1,968 | +€1,604 | +440.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €170,075 | €202,267 | +€32,193 | +18.9% |
| Equity | 10/15 | €39,120 | €66,984 | +€27,864 | +71.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €88,964 | €88,964 | = | 0.0% |
| Distributable reserves | 133 | €88,964 | €88,964 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,844 | -€22,980 | +€27,864 | +54.8% |
| Amounts payable | 17/49 | €130,955 | €135,284 | +€4,328 | +3.3% |
| Amounts payable within one year | 42/48 | €130,955 | €135,284 | +€4,328 | +3.3% |
| Trade debts | 44 | €3,504 | €16,376 | +€12,873 | +367.4% |
| Suppliers | 440/4 | €3,504 | €16,376 | +€12,873 | +367.4% |
| Taxes, remuneration and social security | 45 | €127,452 | €118,907 | -€8,545 | -6.7% |
| Taxes | 450/3 | €52,995 | €54,049 | +€1,054 | +2.0% |
| Remuneration and social security | 454/9 | €74,457 | €64,859 | -€9,598 | -12.9% |
| Remuneration, social security and pensions | 62 | €402,547 | €396,312 | -€6,235 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,782 | €16,434 | +€8,652 | +111.2% |
| Other operating charges | 640/8 | €4,481 | €6,948 | +€2,467 | +55.1% |
| Gross operating margin | 9900 | €431,542 | €500,731 | +€69,188 | +16.0% |
| Operating profit (loss) | 9901 | €16,732 | €81,037 | +€64,305 | +384.3% |
| Financial income | 75/76B | €2,195 | €3,609 | +€1,413 | +64.4% |
| Recurring financial income | 75 | €2,195 | €3,609 | +€1,413 | +64.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,497 | €45,619 | +€43,122 | +1726.6% |
| Recurring financial charges | 65 | €2,497 | €45,619 | +€43,122 | +1726.6% |
| Profit (loss) for the period before taxes | 9903 | €16,430 | €39,026 | +€22,596 | +137.5% |
| Income taxes | 67/77 | €3,028 | €11,162 | +€8,134 | +268.7% |
| Profit (loss) for the period | 9904 | €13,402 | €27,864 | +€14,462 | +107.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,402 | €27,864 | +€14,462 | +107.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.