MAXBOUW: 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.
MAXBOUW
Largest movements
- Tangible fixed assets -€9,677
no longer reported in 2025 (was €9,677)
- Deferred charges and accrued income +€1,947
up €1,947 (+805.5%), from €242 to €2,189
- Cash -€1,811
down €1,811 (-28.8%), from €6,284 to €4,473
mainly Net result for the year (-€17,058) and Deferred charges and accrued income (-€1,947)
- Receivables within one year -€1,151
no longer reported in 2025 (was €1,151)
- Profit (loss) carried forward -€17,058
down €17,058 (-186.1%), from -€9,168 to -€26,226
- Accrued charges and deferred income +€2,860
new in 2025: €2,860
- Trade debts +€1,749
up €1,749 (+453.1%), from €386 to €2,135
- Tax, wage and social debts +€1,665
up €1,665 (+3213.0%), from €52 to €1,717
of which Remuneration and social security: +€1,688
- Turnover -€96,010
no longer reported in 2025 (was €96,010)
- Services and other goods -€54,877
no longer reported in 2025 (was €54,877)
- Goods and materials -€33,660
no longer reported in 2025 (was €33,660)
- Gross operating margin -€6,150
new in 2025: -€6,150
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 | €17,689 | €6,998 | -€10,691 | -60.4% |
| Fixed assets | 21/28 | €10,013 | €336 | -€9,677 | -96.6% |
| Tangible fixed assets | 22/27 | €9,677 | - | -€9,677 | |
| Furniture and vehicles | 24 | €9,677 | - | -€9,677 | |
| Financial fixed assets | 28 | €336 | €336 | = | 0.0% |
| Other financial fixed assets | 284/8 | €336 | - | -€336 | |
| Amounts receivable and cash guarantees | 285/8 | €336 | - | -€336 | |
| Current assets | 29/58 | €7,676 | €6,662 | -€1,014 | -13.2% |
| Amounts receivable within one year | 40/41 | €1,151 | - | -€1,151 | |
| Trade receivables | 40 | €1,151 | - | -€1,151 | |
| Cash at bank and in hand | 54/58 | €6,284 | €4,473 | -€1,811 | -28.8% |
| Deferred charges and accrued income | 490/1 | €242 | €2,189 | +€1,947 | +805.5% |
| Total equity and liabilities | 10/49 | €17,689 | €6,998 | -€10,691 | -60.4% |
| Equity | 10/15 | -€1,108 | -€18,166 | -€17,058 | -1539.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€9,168 | -€26,226 | -€17,058 | -186.1% |
| Amounts payable | 17/49 | €18,797 | €25,164 | +€6,367 | +33.9% |
| Amounts payable within one year | 42/48 | €18,797 | €22,304 | +€3,507 | +18.7% |
| Trade debts | 44 | €386 | €2,135 | +€1,749 | +453.1% |
| Suppliers | 440/4 | €386 | €2,135 | +€1,749 | +453.1% |
| Taxes, remuneration and social security | 45 | €52 | €1,717 | +€1,665 | +3213.0% |
| Taxes | 450/3 | €52 | €29 | -€23 | -43.5% |
| Remuneration and social security | 454/9 | - | €1,688 | +€1,688 | |
| Other amounts payable | 47/48 | €18,359 | €18,451 | +€92 | +0.5% |
| Accrued charges and deferred income | 492/3 | - | €2,860 | +€2,860 | |
| Operating income | 70/76A | €96,010 | - | -€96,010 | |
| Turnover | 70 | €96,010 | - | -€96,010 | |
| Operating charges | 60/66A | €99,999 | - | -€99,999 | |
| Goods for resale, raw materials and consumables | 60 | €33,660 | - | -€33,660 | |
| Purchases | 600/8 | €33,660 | - | -€33,660 | |
| Services and other goods | 61 | €54,877 | - | -€54,877 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,366 | €9,677 | -€689 | -6.6% |
| Other operating charges | 640/8 | €1,096 | €1,187 | +€91 | +8.3% |
| Gross operating margin | 9900 | - | -€6,150 | -€6,150 | |
| Operating profit (loss) | 9901 | -€3,989 | -€17,015 | -€13,026 | -326.5% |
| Financial income | 75/76B | €65 | €2 | -€63 | -96.2% |
| Recurring financial income | 75 | €65 | €2 | -€63 | -96.2% |
| Other financial income | 752/9 | €65 | - | -€65 | |
| Financial charges | 65/66B | €252 | €46 | -€207 | -81.9% |
| Recurring financial charges | 65 | €252 | €46 | -€207 | -81.9% |
| Debt charges | 650 | €252 | - | -€252 | |
| Profit (loss) for the period before taxes | 9903 | -€4,176 | -€17,058 | -€12,882 | -308.5% |
| Profit (loss) for the period | 9904 | -€4,176 | -€17,058 | -€12,882 | -308.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,176 | -€17,058 | -€12,882 | -308.5% |
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 7 October 2026 via checked.be.