MAXCES Consulting: 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.
MAXCES Consulting
Largest movements
- Financial fixed assets +€700,000
up €700,000 (+175%), from €400,000 to €1.1m
- Cash -€14,259
down €14,259 (-58.0%), from €24,571 to €10,312
mainly Investment in fixed assets (net) (-€700,000) and Deferred charges and accrued income (-€4,933)
- Debts after one year +€633,082
up €633,082 (+213%), from €297,456 to €930,539
of which Other amounts payable: +€350,000
- Current portion of long-term debt +€29,822
up €29,822 (+80.4%), from €37,095 to €66,918
- Profit (loss) carried forward +€23,250
up €23,250 (+209%), from €11,143 to €34,393
- Gross operating margin +€16,809
up €16,809 (+55.2%), from €30,470 to €47,279
- Taxes +€4,530
up €4,530 (+76.7%), from €5,906 to €10,436
- Financial charges -€507
down €507 (-4.1%), from €12,487 to €11,980
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 | €434,301 | €1,122,468 | +€688,168 | +158% |
| Fixed assets | 21/28 | €401,915 | €1,101,191 | +€699,276 | +174% |
| Tangible fixed assets | 22/27 | €1,915 | €1,191 | -€724 | -37.8% |
| Furniture and vehicles | 24 | €1,915 | €1,191 | -€724 | -37.8% |
| Financial fixed assets | 28 | €400,000 | €1,100,000 | +€700,000 | +175% |
| Current assets | 29/58 | €32,386 | €21,278 | -€11,108 | -34.3% |
| Amounts receivable within one year | 40/41 | €1,782 | - | -€1,782 | |
| Trade receivables | 40 | €1,782 | - | -€1,782 | |
| Cash at bank and in hand | 54/58 | €24,571 | €10,312 | -€14,259 | -58.0% |
| Deferred charges and accrued income | 490/1 | €6,033 | €10,966 | +€4,933 | +81.8% |
| Total equity and liabilities | 10/49 | €434,301 | €1,122,468 | +€688,168 | +158% |
| Equity | 10/15 | €13,643 | €36,893 | +€23,250 | +170% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,143 | €34,393 | +€23,250 | +209% |
| Amounts payable | 17/49 | €420,658 | €1,085,576 | +€664,918 | +158% |
| Amounts payable after more than one year | 17 | €297,456 | €930,539 | +€633,082 | +213% |
| Financial debts | 170/4 | €297,456 | €580,539 | +€283,082 | +95.2% |
| Other amounts payable | 178/9 | - | €350,000 | +€350,000 | |
| Amounts payable within one year | 42/48 | €122,483 | €155,037 | +€32,554 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | €37,095 | €66,918 | +€29,822 | +80.4% |
| Financial debts | 43 | - | €848 | +€848 | |
| Credit institutions | 430/8 | - | €848 | +€848 | |
| Trade debts | 44 | €946 | €2,608 | +€1,663 | +176% |
| Suppliers | 440/4 | €946 | €2,608 | +€1,663 | +176% |
| Taxes, remuneration and social security | 45 | €9,765 | €13,841 | +€4,076 | +41.7% |
| Taxes | 450/3 | €9,765 | €13,841 | +€4,076 | +41.7% |
| Other amounts payable | 47/48 | €74,677 | €70,822 | -€3,855 | -5.2% |
| Accrued charges and deferred income | 492/3 | €718 | - | -€718 | |
| Non-recurring operating income | 76A | - | €9,641 | +€9,641 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €724 | €724 | = | 0.0% |
| Other operating charges | 640/8 | €527 | €890 | +€363 | +68.8% |
| Gross operating margin | 9900 | €30,470 | €47,279 | +€16,809 | +55.2% |
| Operating profit (loss) | 9901 | €29,218 | €45,664 | +€16,446 | +56.3% |
| Financial income | 75/76B | €0 | €2 | +€2 | +5,100% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +5,100% |
| Financial charges | 65/66B | €12,487 | €11,980 | -€507 | -4.1% |
| Recurring financial charges | 65 | €12,487 | €11,980 | -€507 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €16,731 | €33,686 | +€16,955 | +101% |
| Income taxes | 67/77 | €5,906 | €10,436 | +€4,530 | +76.7% |
| Profit (loss) for the period | 9904 | €10,825 | €23,250 | +€12,424 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €10,825 | €23,250 | +€12,424 | +115% |
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 22 October 2026 via checked.be.