MaksAn: 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.
MaksAn
Largest movements
- Tangible fixed assets -€15,161
down €15,161 (-40.2%), from €37,672 to €22,511
of which Furniture and vehicles: -€9,805
- Receivables within one year +€9,698
up €9,698 (+84.2%), from €11,515 to €21,213
of which Other amounts receivable: +€8,244
- Cash +€8,247
up €8,247 (+90.3%), from €9,134 to €17,381
mainly Depreciation (+€15,161) and Trade debts (+€11,853)
- Other debts -€16,130
no longer reported in 2025 (was €16,130)
- Trade debts +€11,853
up €11,853 (+90.6%), from €13,085 to €24,938
- Profit (loss) carried forward +€10,846
up €10,846 (+45.4%), from €23,869 to €34,715
- Current portion of long-term debt -€3,784
down €3,784 (-89.3%), from €4,237 to €452
- Gross operating margin -€15,533
down €15,533 (-34.0%), from €45,720 to €30,187
- Taxes -€3,289
down €3,289 (-54.8%), from €6,000 to €2,711
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 | €58,321 | €61,105 | +€2,784 | +4.8% |
| Fixed assets | 21/28 | €37,672 | €22,511 | -€15,161 | -40.2% |
| Tangible fixed assets | 22/27 | €37,672 | €22,511 | -€15,161 | -40.2% |
| Plant, machinery and equipment | 23 | €15,230 | €9,874 | -€5,356 | -35.2% |
| Furniture and vehicles | 24 | €22,442 | €12,637 | -€9,805 | -43.7% |
| Current assets | 29/58 | €20,649 | €38,594 | +€17,945 | +86.9% |
| Amounts receivable within one year | 40/41 | €11,515 | €21,213 | +€9,698 | +84.2% |
| Trade receivables | 40 | - | €1,454 | +€1,454 | |
| Other amounts receivable | 41 | €11,515 | €19,759 | +€8,244 | +71.6% |
| Cash at bank and in hand | 54/58 | €9,134 | €17,381 | +€8,247 | +90.3% |
| Total equity and liabilities | 10/49 | €58,321 | €61,105 | +€2,784 | +4.8% |
| Equity | 10/15 | €24,869 | €35,715 | +€10,846 | +43.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,869 | €34,715 | +€10,846 | +45.4% |
| Amounts payable | 17/49 | €33,452 | €25,390 | -€8,062 | -24.1% |
| Amounts payable within one year | 42/48 | €33,452 | €25,390 | -€8,062 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €4,237 | €452 | -€3,784 | -89.3% |
| Trade debts | 44 | €13,085 | €24,938 | +€11,853 | +90.6% |
| Suppliers | 440/4 | €13,085 | €24,938 | +€11,853 | +90.6% |
| Other amounts payable | 47/48 | €16,130 | - | -€16,130 | |
| Non-recurring operating income | 76A | - | €587 | +€587 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,077 | €15,161 | +€84 | +0.6% |
| Other operating charges | 640/8 | €923 | €994 | +€71 | +7.7% |
| Gross operating margin | 9900 | €45,720 | €30,187 | -€15,533 | -34.0% |
| Operating profit (loss) | 9901 | €29,720 | €14,032 | -€15,688 | -52.8% |
| Financial income | 75/76B | €312 | €3 | -€309 | -98.9% |
| Recurring financial income | 75 | €312 | €3 | -€309 | -98.9% |
| Financial charges | 65/66B | €163 | €478 | +€316 | +194.0% |
| Recurring financial charges | 65 | €163 | €478 | +€316 | +194.0% |
| Profit (loss) for the period before taxes | 9903 | €29,869 | €13,557 | -€16,312 | -54.6% |
| Income taxes | 67/77 | €6,000 | €2,711 | -€3,289 | -54.8% |
| Profit (loss) for the period | 9904 | €23,869 | €10,846 | -€13,024 | -54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,869 | €10,846 | -€13,024 | -54.6% |
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 11 October 2026 via checked.be.