Maxalix Estates: what changed
Two fiscal 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.
Maxalix Estates
Largest movements
- Tangible fixed assets -€59,048
down €59,048 (-6.3%), from €940,880 to €881,832
of which Other tangible fixed assets: -€285,448
- Current investments -€23,082
down €23,082 (-5.8%), from €399,998 to €376,916
- Debts after one year -€100,000
down €100,000 (-23.0%), from €435,000 to €335,000
- Other debts +€75,939
up €75,939 (+908.2%), from €8,362 to €84,301
- Profit (loss) carried forward -€52,910
down €52,910 (-119.0%), from -€44,466 to -€97,376
- Gross operating margin +€22,516
up €22,516, from -€12,230 to €10,286
- Depreciation -€1,973
down €1,973 (-3.2%), from €61,021 to €59,048
- Taxes +€586
up €586 (+1000.1%), from €59 to €645
- Other operating charges +€580
up €580 (+12.9%), from €4,495 to €5,076
- Financial charges +€363
up €363 (+84.8%), from €428 to €791
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 | €1,406,806 | €1,328,035 | -€78,771 | -5.6% |
| Fixed assets | 21/28 | €940,880 | €881,832 | -€59,048 | -6.3% |
| Tangible fixed assets | 22/27 | €940,880 | €881,832 | -€59,048 | -6.3% |
| Land and buildings | 22 | €600,651 | €851,405 | +€250,754 | +41.7% |
| Plant, machinery and equipment | 23 | €20,109 | €0 | -€20,109 | -100.0% |
| Furniture and vehicles | 24 | €15,465 | €11,220 | -€4,245 | -27.4% |
| Other tangible fixed assets | 26 | €304,655 | €19,207 | -€285,448 | -93.7% |
| Current assets | 29/58 | €465,926 | €446,203 | -€19,723 | -4.2% |
| Amounts receivable within one year | 40/41 | €632 | €0 | -€632 | -100.0% |
| Other amounts receivable | 41 | €632 | €0 | -€632 | -100.0% |
| Current investments | 50/53 | €399,998 | €376,916 | -€23,082 | -5.8% |
| Cash at bank and in hand | 54/58 | €62,636 | €66,430 | +€3,794 | +6.1% |
| Deferred charges and accrued income | 490/1 | €2,660 | €2,857 | +€197 | +7.4% |
| Total equity and liabilities | 10/49 | €1,406,806 | €1,328,035 | -€78,771 | -5.6% |
| Equity | 10/15 | €960,308 | €907,397 | -€52,910 | -5.5% |
| Contributions | 10/11 | €783,600 | €783,600 | = | 0.0% |
| Reserves | 13 | €221,173 | €221,173 | = | 0.0% |
| Distributable reserves | 133 | €221,173 | €221,173 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,466 | -€97,376 | -€52,910 | -119.0% |
| Amounts payable | 17/49 | €446,498 | €420,638 | -€25,860 | -5.8% |
| Amounts payable after more than one year | 17 | €435,000 | €335,000 | -€100,000 | -23.0% |
| Financial debts | 170/4 | €435,000 | €335,000 | -€100,000 | -23.0% |
| Amounts payable within one year | 42/48 | €10,393 | €84,533 | +€74,140 | +713.3% |
| Financial debts | 43 | €313 | €0 | -€313 | -100.0% |
| Credit institutions | 430/8 | €313 | - | -€313 | |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €1,718 | €231 | -€1,487 | -86.5% |
| Suppliers | 440/4 | €1,718 | €231 | -€1,487 | -86.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €8,362 | €84,301 | +€75,939 | +908.2% |
| Accrued charges and deferred income | 492/3 | €1,105 | €1,105 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,021 | €59,048 | -€1,973 | -3.2% |
| Other operating charges | 640/8 | €4,495 | €5,076 | +€580 | +12.9% |
| Gross operating margin | 9900 | -€12,230 | €10,286 | +€22,516 | |
| Operating profit (loss) | 9901 | -€77,747 | -€53,838 | +€23,909 | +30.8% |
| Financial income | 75/76B | €2,470 | €2,364 | -€107 | -4.3% |
| Recurring financial income | 75 | €2,470 | €2,364 | -€107 | -4.3% |
| Financial charges | 65/66B | €428 | €791 | +€363 | +84.8% |
| Recurring financial charges | 65 | €428 | €791 | +€363 | +84.8% |
| Profit (loss) for the period before taxes | 9903 | -€75,704 | -€52,265 | +€23,439 | +31.0% |
| Income taxes | 67/77 | €59 | €645 | +€586 | +1000.1% |
| Profit (loss) for the period | 9904 | -€75,763 | -€52,910 | +€22,853 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,763 | -€52,910 | +€22,853 | +30.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.