MAXAL Invest: what changed
What changed
MAXAL Invest
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€14,781
2024 · €16,820-€2,039
Equity
€45,597
2024 · €30,817+€14,781
Cash
€3,097
2024 · €9,366-€6,269
Balance sheet total
€176,334
2024 · €182,943-€6,609
Largest movements
Assets
- Cash -€6,269
down €6,269 (-66.9%), from €9,366 to €3,097
mainly Current portion of long-term debt (-€89,846) and Other debts (-€3,000)
Equity and liabilities
- Current portion of long-term debt -€89,846
down €89,846 (-83.8%), from €107,264 to €17,419
- Debts after one year +€73,059
new in 2025: €73,059
- Profit (loss) carried forward +€14,781
up €14,781 (+49.6%), from €29,817 to €44,597
- Other debts -€3,000
down €3,000 (-8.6%), from €35,000 to €32,000
Income statement
- Financial charges +€2,352
up €2,352 (+157%), from €1,500 to €3,852
- Taxes -€692
down €692 (-15.3%), from €4,510 to €3,818
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€16,820
Gross operating margin
-€100
Depreciation
-€83
Other operating charges
-€172
Financial income
-€24
Financial charges
-€2,352
Taxes
+€692
Result 2025
€14,781
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€10,518
Investment
€0
Financing
-€16,787
Cash 2024
€9,366
From operations (derived)
+€10,518
Net result for the year
+€14,781
Depreciation
+€340
Tax, wage and social debts
-€1,603
Other debts
-€3,000
Financing
-€16,787
Debts after one year
+€73,059
Current portion of long-term debt
-€89,846
Cash 2025
€3,097
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,943 | €176,334 | -€6,609 | -3.6% |
| Fixed assets | 21/28 | €160,763 | €160,423 | -€340 | -0.2% |
| Tangible fixed assets | 22/27 | €763 | €423 | -€340 | -44.6% |
| Furniture and vehicles | 24 | €763 | €423 | -€340 | -44.6% |
| Financial fixed assets | 28 | €160,000 | €160,000 | = | 0.0% |
| Current assets | 29/58 | €22,180 | €15,911 | -€6,269 | -28.3% |
| Amounts receivable within one year | 40/41 | €12,814 | €12,814 | = | 0.0% |
| Trade receivables | 40 | €12,814 | €12,814 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,366 | €3,097 | -€6,269 | -66.9% |
| Total equity and liabilities | 10/49 | €182,943 | €176,334 | -€6,609 | -3.6% |
| Equity | 10/15 | €30,817 | €45,597 | +€14,781 | +48.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,817 | €44,597 | +€14,781 | +49.6% |
| Amounts payable | 17/49 | €152,126 | €130,736 | -€21,390 | -14.1% |
| Amounts payable after more than one year | 17 | - | €73,059 | +€73,059 | |
| Financial debts | 170/4 | - | €73,059 | +€73,059 | |
| Amounts payable within one year | 42/48 | €152,126 | €57,678 | -€94,448 | -62.1% |
| Current portion of amounts payable after more than one year | 42 | €107,264 | €17,419 | -€89,846 | -83.8% |
| Taxes, remuneration and social security | 45 | €9,862 | €8,259 | -€1,603 | -16.3% |
| Taxes | 450/3 | €9,862 | €8,259 | -€1,603 | -16.3% |
| Other amounts payable | 47/48 | €35,000 | €32,000 | -€3,000 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257 | €340 | +€83 | +32.1% |
| Other operating charges | 640/8 | €387 | €560 | +€172 | +44.5% |
| Gross operating margin | 9900 | €23,441 | €23,341 | -€100 | -0.4% |
| Operating profit (loss) | 9901 | €22,797 | €22,441 | -€356 | -1.6% |
| Financial income | 75/76B | €33 | €10 | -€24 | -70.4% |
| Recurring financial income | 75 | €33 | €10 | -€24 | -70.4% |
| Financial charges | 65/66B | €1,500 | €3,852 | +€2,352 | +157% |
| Recurring financial charges | 65 | €1,500 | €3,852 | +€2,352 | +157% |
| Profit (loss) for the period before taxes | 9903 | €21,330 | €18,599 | -€2,731 | -12.8% |
| Income taxes | 67/77 | €4,510 | €3,818 | -€692 | -15.3% |
| Profit (loss) for the period | 9904 | €16,820 | €14,781 | -€2,039 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,820 | €14,781 | -€2,039 | -12.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.