iMAXIMUS: 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.
iMAXIMUS
Largest movements
- Tangible fixed assets +€135,595
up €135,595 (+5.2%), from €2.6m to €2.7m
of which Assets under construction and advance payments: +€147,251
- Receivables within one year +€32,101
up €32,101 (+77.3%), from €41,537 to €73,638
of which Other amounts receivable: +€21,609
- Other debts +€175,000
up €175,000 (+34.3%), from €509,852 to €684,852
- Trade debts +€127,475
up €127,475 (+503.5%), from €25,317 to €152,792
- Profit (loss) carried forward -€125,487
down €125,487 (-31.9%), from -€392,774 to -€518,261
- Financial charges -€28,636
down €28,636 (-29.4%), from €97,440 to €68,803
- Other operating charges -€28,033
down €28,033 (-63.6%), from €44,077 to €16,044
- Gross operating margin -€18,706
down €18,706 (-58.8%), from €31,832 to €13,126
- Depreciation +€900
up €900 (+1.7%), from €52,866 to €53,765
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 | €2,701,581 | €2,872,899 | +€171,318 | +6.3% |
| Fixed assets | 21/28 | €2,594,444 | €2,730,039 | +€135,595 | +5.2% |
| Tangible fixed assets | 22/27 | €2,594,444 | €2,730,039 | +€135,595 | +5.2% |
| Land and buildings | 22 | €2,267,240 | €2,255,584 | -€11,656 | -0.5% |
| Assets under construction and advance payments | 27 | €327,204 | €474,455 | +€147,251 | +45.0% |
| Current assets | 29/58 | €107,138 | €142,861 | +€35,723 | +33.3% |
| Amounts receivable after more than one year | 29 | €55,000 | €55,000 | = | 0.0% |
| Trade receivables | 290 | €55,000 | €55,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €41,537 | €73,638 | +€32,101 | +77.3% |
| Trade receivables | 40 | €37,820 | €48,311 | +€10,491 | +27.7% |
| Other amounts receivable | 41 | €3,718 | €25,327 | +€21,609 | +581.3% |
| Cash at bank and in hand | 54/58 | €9,590 | €13,197 | +€3,607 | +37.6% |
| Deferred charges and accrued income | 490/1 | €1,010 | €1,026 | +€16 | +1.6% |
| Total equity and liabilities | 10/49 | €2,701,581 | €2,872,899 | +€171,318 | +6.3% |
| Equity | 10/15 | €228,275 | €102,788 | -€125,487 | -55.0% |
| Contributions | 10/11 | €602,250 | €602,250 | = | 0.0% |
| Reserves | 13 | €18,799 | €18,799 | = | 0.0% |
| Distributable reserves | 133 | €18,799 | €18,799 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€392,774 | -€518,261 | -€125,487 | -31.9% |
| Amounts payable | 17/49 | €2,473,307 | €2,770,112 | +€296,805 | +12.0% |
| Amounts payable after more than one year | 17 | €1,000,000 | €1,000,000 | = | 0.0% |
| Financial debts | 170/4 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,463,592 | €1,766,067 | +€302,475 | +20.7% |
| Financial debts | 43 | €900,000 | €900,000 | = | 0.0% |
| Credit institutions | 430/8 | €900,000 | €900,000 | = | 0.0% |
| Trade debts | 44 | €25,317 | €152,792 | +€127,475 | +503.5% |
| Suppliers | 440/4 | €25,317 | €152,792 | +€127,475 | +503.5% |
| Taxes, remuneration and social security | 45 | €28,423 | €28,423 | = | 0.0% |
| Taxes | 450/3 | €28,423 | €28,423 | = | 0.0% |
| Other amounts payable | 47/48 | €509,852 | €684,852 | +€175,000 | +34.3% |
| Accrued charges and deferred income | 492/3 | €9,714 | €4,045 | -€5,670 | -58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,866 | €53,765 | +€900 | +1.7% |
| Other operating charges | 640/8 | €44,077 | €16,044 | -€28,033 | -63.6% |
| Gross operating margin | 9900 | €31,832 | €13,126 | -€18,706 | -58.8% |
| Operating profit (loss) | 9901 | -€65,112 | -€56,684 | +€8,428 | +12.9% |
| Financial charges | 65/66B | €97,440 | €68,803 | -€28,636 | -29.4% |
| Recurring financial charges | 65 | €97,440 | €68,803 | -€28,636 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | -€162,551 | -€125,487 | +€37,064 | +22.8% |
| Profit (loss) for the period | 9904 | -€162,551 | -€125,487 | +€37,064 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€162,551 | -€125,487 | +€37,064 | +22.8% |
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 11 October 2026 via checked.be.