MAKSIMO: 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.
MAKSIMO
Largest movements
- Receivables within one year +€12,908
up €12,908 (+921%), from €1,402 to €14,310
of which Trade receivables: +€11,337
- Cash -€9,544
down €9,544 (-63.0%), from €15,155 to €5,611
mainly Receivables within one year (-€12,908) and Trade debts (-€5,165)
- Profit (loss) carried forward +€7,522
up €7,522 (+16.3%), from -€46,082 to -€38,561
- Trade debts -€5,165
down €5,165 (-85.6%), from €6,031 to €866
- Other debts +€1,123
up €1,123 (+2.5%), from €44,613 to €45,736
- Turnover -€109,601
no longer reported in 2025 (was €109,601)
- Purchases and services -€104,130
no longer reported in 2025 (was €104,130)
- Gross operating margin +€38,271
up €38,271 (+700%), from €5,471 to €43,743
- Staff costs +€34,900
new in 2025: €34,900
- Depreciation -€1,600
no longer reported in 2025 (was €1,600)
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 | €23,277 | €26,641 | +€3,364 | +14.5% |
| Current assets | 29/58 | €23,277 | €26,641 | +€3,364 | +14.5% |
| Stocks and contracts in progress | 3 | €6,720 | €6,720 | = | 0.0% |
| Stocks | 30/36 | €3,730 | €3,730 | = | 0.0% |
| Contracts in progress | 37 | €2,990 | €2,990 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,402 | €14,310 | +€12,908 | +921% |
| Trade receivables | 40 | - | €11,337 | +€11,337 | |
| Other amounts receivable | 41 | €1,402 | €2,973 | +€1,571 | +112% |
| Cash at bank and in hand | 54/58 | €15,155 | €5,611 | -€9,544 | -63.0% |
| Deferred charges and accrued income | 490/1 | - | €0 | +€0 | |
| Total equity and liabilities | 10/49 | €23,277 | €26,641 | +€3,364 | +14.5% |
| Equity | 10/15 | -€27,482 | -€19,961 | +€7,522 | +27.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€46,082 | -€38,561 | +€7,522 | +16.3% |
| Amounts payable | 17/49 | €50,760 | €46,602 | -€4,158 | -8.2% |
| Amounts payable within one year | 42/48 | €50,760 | €46,602 | -€4,158 | -8.2% |
| Trade debts | 44 | €6,031 | €866 | -€5,165 | -85.6% |
| Suppliers | 440/4 | €6,031 | €866 | -€5,165 | -85.6% |
| Taxes, remuneration and social security | 45 | €116 | - | -€116 | |
| Taxes | 450/3 | €116 | - | -€116 | |
| Other amounts payable | 47/48 | €44,613 | €45,736 | +€1,123 | +2.5% |
| Turnover | 70 | €109,601 | - | -€109,601 | |
| Non-recurring operating income | 76A | - | €7,501 | +€7,501 | |
| Goods, raw materials, services and sundry goods | 60/61 | €104,130 | - | -€104,130 | |
| Remuneration, social security and pensions | 62 | - | €34,900 | +€34,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,600 | - | -€1,600 | |
| Other operating charges | 640/8 | €420 | €600 | +€180 | +42.9% |
| Non-recurring operating charges | 66A | €2,141 | - | -€2,141 | |
| Gross operating margin | 9900 | €5,471 | €43,743 | +€38,271 | +700% |
| Operating profit (loss) | 9901 | €1,310 | €8,243 | +€6,932 | +529% |
| Financial income | 75/76B | €0 | €0 | +€0 | +450% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +450% |
| Financial charges | 65/66B | €529 | €474 | -€55 | -10.4% |
| Recurring financial charges | 65 | €529 | €474 | -€55 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €782 | €7,769 | +€6,987 | +894% |
| Income taxes | 67/77 | €348 | €248 | -€100 | -28.8% |
| Profit (loss) for the period | 9904 | €434 | €7,522 | +€7,088 | +1,633% |
| Profit (loss) for the period to be appropriated | 9905 | €434 | €7,522 | +€7,088 | +1,633% |
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 23 October 2026 via checked.be.