MAKSIMMO: 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.
MAKSIMMO
Largest movements
- Cash +€16,372
up €16,372 (+67.3%), from €24,322 to €40,694
mainly Receivables within one year (+€10,791) and Net result for the year (+€7,985)
- Receivables within one year -€10,791
down €10,791 (-62.7%), from €17,218 to €6,427
of which Trade receivables: -€10,470
- Deferred charges and accrued income -€1,931
down €1,931 (-62.0%), from €3,116 to €1,185
- Tangible fixed assets -€1,800
down €1,800 (-16.5%), from €10,921 to €9,121
of which Land and buildings: -€1,023
- Reserves +€7,985
up €7,985 (+18.2%), from €43,898 to €51,883
- Contributions -€3,000
no longer reported in 2025 (was €3,000)
- Trade debts -€1,746
down €1,746 (-54.9%), from €3,178 to €1,432
- Tax, wage and social debts -€1,389
down €1,389 (-25.2%), from €5,501 to €4,112
of which Taxes: -€1,389
- Gross operating margin -€5,093
down €5,093 (-26.2%), from €19,424 to €14,331
- Taxes -€1,389
down €1,389 (-25.2%), from €5,501 to €4,112
- Depreciation +€271
up €271 (+17.7%), from €1,529 to €1,800
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 | €55,577 | €57,427 | +€1,850 | +3.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €10,921 | €9,121 | -€1,800 | -16.5% |
| Tangible fixed assets | 22/27 | €10,921 | €9,121 | -€1,800 | -16.5% |
| Land and buildings | 22 | €8,486 | €7,464 | -€1,023 | -12.0% |
| Furniture and vehicles | 24 | €2,434 | €1,657 | -€777 | -31.9% |
| Current assets | 29/58 | €44,657 | €48,306 | +€3,650 | +8.2% |
| Amounts receivable within one year | 40/41 | €17,218 | €6,427 | -€10,791 | -62.7% |
| Trade receivables | 40 | €15,637 | €5,167 | -€10,470 | -67.0% |
| Other amounts receivable | 41 | €1,582 | €1,261 | -€321 | -20.3% |
| Cash at bank and in hand | 54/58 | €24,322 | €40,694 | +€16,372 | +67.3% |
| Deferred charges and accrued income | 490/1 | €3,116 | €1,185 | -€1,931 | -62.0% |
| Total equity and liabilities | 10/49 | €55,577 | €57,427 | +€1,850 | +3.3% |
| Equity | 10/15 | €46,898 | €51,883 | +€4,985 | +10.6% |
| Contributions | 10/11 | €3,000 | - | -€3,000 | |
| Reserves | 13 | €43,898 | €51,883 | +€7,985 | +18.2% |
| Distributable reserves | 133 | €43,898 | €51,883 | +€7,985 | +18.2% |
| Amounts payable | 17/49 | €8,679 | €5,544 | -€3,134 | -36.1% |
| Amounts payable within one year | 42/48 | €8,679 | €5,544 | -€3,134 | -36.1% |
| Trade debts | 44 | €3,178 | €1,432 | -€1,746 | -54.9% |
| Suppliers | 440/4 | €3,178 | €1,432 | -€1,746 | -54.9% |
| Taxes, remuneration and social security | 45 | €5,501 | €4,112 | -€1,389 | -25.2% |
| Taxes | 450/3 | €5,501 | €4,112 | -€1,389 | -25.2% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,529 | €1,800 | +€271 | +17.7% |
| Other operating charges | 640/8 | €466 | €423 | -€43 | -9.2% |
| Gross operating margin | 9900 | €19,424 | €14,331 | -€5,093 | -26.2% |
| Operating profit (loss) | 9901 | €17,429 | €12,108 | -€5,321 | -30.5% |
| Financial income | 75/76B | €140 | €74 | -€66 | -46.9% |
| Recurring financial income | 75 | €140 | €74 | -€66 | -46.9% |
| Financial charges | 65/66B | €80 | €85 | +€5 | +6.2% |
| Recurring financial charges | 65 | €80 | €85 | +€5 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €17,488 | €12,097 | -€5,392 | -30.8% |
| Income taxes | 67/77 | €5,501 | €4,112 | -€1,389 | -25.2% |
| Profit (loss) for the period | 9904 | €11,987 | €7,985 | -€4,003 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,987 | €7,985 | -€4,003 | -33.4% |
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 9 October 2026 via checked.be.