MAXASSURANCES: 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.
MAXASSURANCES
Largest movements
- Cash +€2,312
up €2,312 (+320.9%), from €720 to €3,032
mainly Net result for the year (+€3,668) and Tax, wage and social debts (+€1,695)
- Tangible fixed assets +€1,055
new in 2025: €1,055
- Stocks and contracts -€782
down €782 (-7.0%), from €11,236 to €10,455
- Receivables within one year +€187
up €187 (+31.5%), from €595 to €782
of which Trade receivables: +€187
- Profit (loss) carried forward +€3,668
up €3,668 (+18.6%), from -€19,756 to -€16,088
- Other debts -€2,000
down €2,000 (-27.5%), from €7,261 to €5,261
- Tax, wage and social debts +€1,695
up €1,695 (+33.0%), from €5,140 to €6,835
- Trade debts -€648
down €648 (-27.1%), from €2,388 to €1,741
- Gross operating margin -€367
down €367 (-4.3%), from €8,460 to €8,094
- Financial charges -€143
down €143 (-39.3%), from €365 to €221
- Depreciation +€102
new in 2025: €102
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 | €13,634 | €16,348 | +€2,715 | +19.9% |
| Fixed assets | 21/28 | €250 | €1,305 | +€1,055 | +421.8% |
| Tangible fixed assets | 22/27 | - | €1,055 | +€1,055 | |
| Furniture and vehicles | 24 | - | €1,055 | +€1,055 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €13,384 | €15,044 | +€1,660 | +12.4% |
| Stocks and contracts in progress | 3 | €11,236 | €10,455 | -€782 | -7.0% |
| Stocks | 30/36 | €11,236 | €10,455 | -€782 | -7.0% |
| Amounts receivable within one year | 40/41 | €595 | €782 | +€187 | +31.5% |
| Trade receivables | 40 | €535 | €723 | +€187 | +35.0% |
| Other amounts receivable | 41 | €59 | €59 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €720 | €3,032 | +€2,312 | +320.9% |
| Deferred charges and accrued income | 490/1 | €833 | €775 | -€57 | -6.9% |
| Total equity and liabilities | 10/49 | €13,634 | €16,348 | +€2,715 | +19.9% |
| Equity | 10/15 | -€1,156 | €2,512 | +€3,668 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,756 | -€16,088 | +€3,668 | +18.6% |
| Amounts payable | 17/49 | €14,789 | €13,837 | -€953 | -6.4% |
| Amounts payable within one year | 42/48 | €14,789 | €13,837 | -€953 | -6.4% |
| Trade debts | 44 | €2,388 | €1,741 | -€648 | -27.1% |
| Suppliers | 440/4 | €2,388 | €1,741 | -€648 | -27.1% |
| Taxes, remuneration and social security | 45 | €5,140 | €6,835 | +€1,695 | +33.0% |
| Taxes | 450/3 | €5,140 | €6,835 | +€1,695 | +33.0% |
| Other amounts payable | 47/48 | €7,261 | €5,261 | -€2,000 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €102 | +€102 | |
| Other operating charges | 640/8 | €720 | €741 | +€21 | +2.9% |
| Non-recurring operating charges | 66A | €63 | €127 | +€64 | +101.0% |
| Gross operating margin | 9900 | €8,460 | €8,094 | -€367 | -4.3% |
| Operating profit (loss) | 9901 | €7,678 | €7,124 | -€554 | -7.2% |
| Financial income | 75/76B | €28 | €0 | -€28 | -99.9% |
| Recurring financial income | 75 | €28 | €0 | -€28 | -99.9% |
| Financial charges | 65/66B | €365 | €221 | -€143 | -39.3% |
| Recurring financial charges | 65 | €365 | €221 | -€143 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €7,341 | €6,902 | -€439 | -6.0% |
| Income taxes | 67/77 | €3,171 | €3,235 | +€64 | +2.0% |
| Profit (loss) for the period | 9904 | €4,171 | €3,668 | -€503 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,171 | €3,668 | -€503 | -12.1% |
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 8 October 2026 via checked.be.