MaxCec: 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.
MaxCec
Largest movements
- Cash -€27,770
down €27,770 (-35.1%), from €79,140 to €51,370
mainly Tax, wage and social debts (-€14,920) and Net result for the year (-€13,877)
- Tangible fixed assets -€7,979
down €7,979 (-56.6%), from €14,086 to €6,107
- Financial fixed assets +€7,500
new in 2025: €7,500
- Receivables within one year -€3,038
down €3,038 (-28.0%), from €10,843 to €7,805
of which Trade receivables: -€4,580
- Tax, wage and social debts -€14,920
down €14,920 (-99.9%), from €14,929 to €9
of which Taxes: -€14,760
- Profit (loss) carried forward -€13,877
down €13,877 (-38.0%), from €36,520 to €22,643
- Other debts -€1,894
down €1,894 (-3.8%), from €50,000 to €48,106
- Gross operating margin -€52,954
down €52,954, from €42,733 to -€10,221
- Taxes -€8,528
down €8,528 (-96.4%), from €8,850 to €322
- Other operating charges +€968
up €968 (+509.8%), from €190 to €1,158
- Depreciation +€611
up €611 (+35.9%), from €1,701 to €2,312
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 | €104,069 | €72,782 | -€31,287 | -30.1% |
| Fixed assets | 21/28 | €14,086 | €13,607 | -€479 | -3.4% |
| Tangible fixed assets | 22/27 | €14,086 | €6,107 | -€7,979 | -56.6% |
| Furniture and vehicles | 24 | €14,086 | €6,107 | -€7,979 | -56.6% |
| Financial fixed assets | 28 | - | €7,500 | +€7,500 | |
| Current assets | 29/58 | €89,983 | €59,175 | -€30,808 | -34.2% |
| Amounts receivable within one year | 40/41 | €10,843 | €7,805 | -€3,038 | -28.0% |
| Trade receivables | 40 | €10,730 | €6,150 | -€4,580 | -42.7% |
| Other amounts receivable | 41 | €113 | €1,655 | +€1,541 | +1363.3% |
| Cash at bank and in hand | 54/58 | €79,140 | €51,370 | -€27,770 | -35.1% |
| Total equity and liabilities | 10/49 | €104,069 | €72,782 | -€31,287 | -30.1% |
| Equity | 10/15 | €38,520 | €24,643 | -€13,877 | -36.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,520 | €22,643 | -€13,877 | -38.0% |
| Amounts payable | 17/49 | €65,549 | €48,139 | -€17,410 | -26.6% |
| Amounts payable within one year | 42/48 | €65,549 | €48,139 | -€17,410 | -26.6% |
| Trade debts | 44 | €619 | €24 | -€596 | -96.2% |
| Suppliers | 440/4 | €619 | €24 | -€596 | -96.2% |
| Taxes, remuneration and social security | 45 | €14,929 | €9 | -€14,920 | -99.9% |
| Taxes | 450/3 | €14,769 | €9 | -€14,760 | -99.9% |
| Remuneration and social security | 454/9 | €161 | - | -€161 | |
| Other amounts payable | 47/48 | €50,000 | €48,106 | -€1,894 | -3.8% |
| Non-recurring operating income | 76A | - | €363 | +€363 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,701 | €2,312 | +€611 | +35.9% |
| Other operating charges | 640/8 | €190 | €1,158 | +€968 | +509.8% |
| Gross operating margin | 9900 | €42,733 | -€10,221 | -€52,954 | |
| Operating profit (loss) | 9901 | €40,842 | -€13,690 | -€54,533 | |
| Financial income | 75/76B | €643 | €240 | -€403 | -62.7% |
| Recurring financial income | 75 | €643 | €240 | -€403 | -62.7% |
| Financial charges | 65/66B | €104 | €104 | +€0 | 0.0% |
| Recurring financial charges | 65 | €104 | €104 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €41,381 | -€13,555 | -€54,936 | |
| Income taxes | 67/77 | €8,850 | €322 | -€8,528 | -96.4% |
| Profit (loss) for the period | 9904 | €32,531 | -€13,877 | -€46,407 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,531 | -€13,877 | -€46,407 |
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 2 October 2026 via checked.be.