MAXANE: 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.
MAXANE
Largest movements
- Cash +€751,500
up €751,500 (+43.0%), from €1.7m to €2.5m
mainly Other debts (+€1.3m) and Net result for the year (+€1.2m)
- Profit (loss) carried forward -€2.5m
down €2.5m, from €2,108 to -€2.5m
- Other debts +€1.3m
up €1.3m (+296%), from €441,750 to €1.8m
- Reserves +€1.2m
up €1.2m (+45.0%), from €2.7m to €3.9m
of which Distributable reserves: +€1.2m
- Tax, wage and social debts +€726,750
up €726,750 (+3,126%), from €23,250 to €750,000
- Financial income +€1.1m
up €1.1m (+3,678%), from €29,293 to €1.1m
of which Financial income: +€1.1m
- Taxes -€6,800
down €6,800 (-15.1%), from €45,067 to €38,267
- Financial charges -€4,991
down €4,991 (-95.5%), from €5,225 to €233
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 | €3,158,055 | €3,889,867 | +€731,812 | +23.2% |
| Fixed assets | 21/28 | €1,376,488 | €1,348,911 | -€27,577 | -2.0% |
| Tangible fixed assets | 22/27 | €61,720 | €34,143 | -€27,577 | -44.7% |
| Furniture and vehicles | 24 | €61,720 | €34,143 | -€27,577 | -44.7% |
| Financial fixed assets | 28 | €1,314,768 | €1,314,768 | = | 0.0% |
| Current assets | 29/58 | €1,781,567 | €2,540,956 | +€759,389 | +42.6% |
| Amounts receivable within one year | 40/41 | €29,920 | €37,688 | +€7,768 | +26.0% |
| Trade receivables | 40 | €15,226 | €25,203 | +€9,977 | +65.5% |
| Other amounts receivable | 41 | €14,695 | €12,485 | -€2,209 | -15.0% |
| Cash at bank and in hand | 54/58 | €1,749,278 | €2,500,778 | +€751,500 | +43.0% |
| Deferred charges and accrued income | 490/1 | €2,368 | €2,490 | +€122 | +5.2% |
| Total equity and liabilities | 10/49 | €3,158,055 | €3,889,867 | +€731,812 | +23.2% |
| Equity | 10/15 | €2,677,087 | €1,389,154 | -€1.3m | -48.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €2,667,979 | €3,867,979 | +€1.2m | +45.0% |
| Non-distributable reserves | 130/1 | - | €2,000 | +€2,000 | |
| Reserves not available under the articles | 1311 | - | €2,000 | +€2,000 | |
| Tax-exempt reserves | 132 | €10,979 | €10,979 | = | 0.0% |
| Distributable reserves | 133 | €2,657,000 | €3,855,000 | +€1.2m | +45.1% |
| Profit (loss) carried forward | 14 | €2,108 | -€2,485,825 | -€2.5m | |
| Amounts payable | 17/49 | €480,968 | €2,500,713 | +€2.0m | +420% |
| Amounts payable within one year | 42/48 | €480,968 | €2,500,713 | +€2.0m | +420% |
| Current portion of amounts payable after more than one year | 42 | €15,968 | - | -€15,968 | |
| Taxes, remuneration and social security | 45 | €23,250 | €750,000 | +€726,750 | +3,126% |
| Taxes | 450/3 | €23,250 | €750,000 | +€726,750 | +3,126% |
| Other amounts payable | 47/48 | €441,750 | €1,750,713 | +€1.3m | +296% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,212 | €27,577 | +€1,365 | +5.2% |
| Other operating charges | 640/8 | €1,997 | €2,054 | +€56 | +2.8% |
| Gross operating margin | 9900 | €173,834 | €173,586 | -€248 | -0.1% |
| Operating profit (loss) | 9901 | €145,624 | €143,955 | -€1,669 | -1.1% |
| Financial income | 75/76B | €29,293 | €1,106,613 | +€1.1m | +3,678% |
| Recurring financial income | 75 | €29,293 | €1,106,613 | +€1.1m | +3,678% |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,225 | €233 | -€4,991 | -95.5% |
| Recurring financial charges | 65 | €5,225 | €233 | -€4,991 | -95.5% |
| Profit (loss) for the period before taxes | 9903 | €169,693 | €1,250,334 | +€1.1m | +637% |
| Income taxes | 67/77 | €45,067 | €38,267 | -€6,800 | -15.1% |
| Profit (loss) for the period | 9904 | €124,625 | €1,212,067 | +€1.1m | +873% |
| Profit (loss) for the period to be appropriated | 9905 | €124,625 | €1,212,067 | +€1.1m | +873% |
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 19 October 2026 via checked.be.