MAXCONSULT: 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.
MAXCONSULT
Largest movements
- Financial fixed assets -€180,325
down €180,325 (-80.4%), from €224,325 to €44,000
- Tangible fixed assets +€61,397
new in 2025: €61,397
- Cash +€39,986
up €39,986 (+135%), from €29,616 to €69,602
mainly Investment in fixed assets (net) (+€104,292) and Net result for the year (+€65,197)
- Current investments +€10,000
up €10,000 (+11.1%), from €90,000 to €100,000
- Receivables within one year -€4,708
down €4,708 (-5.9%), from €80,013 to €75,305
of which Other amounts receivable: -€4,505
- Profit (loss) carried forward -€60,103
no longer reported in 2025 (was €60,103)
- Reserves -€11,316
down €11,316 (-3.7%), from €306,688 to €295,372
- Tax, wage and social debts -€7,181
down €7,181 (-41.8%), from €17,198 to €10,017
- Other debts +€4,959
up €4,959 (+29.5%), from €16,812 to €21,771
- Financial charges +€56,056
up €56,056 (+4,425%), from €1,267 to €57,323
of which Non-recurring financial charges: +€56,000
- Gross operating margin -€22,950
down €22,950 (-22.3%), from €103,101 to €80,152
- Financial income +€18,653
up €18,653 (+24.7%), from €75,463 to €94,116
of which Financial income: +€92,978
- Depreciation +€14,636
new in 2025: €14,636
- Taxes -€12,689
down €12,689 (-31.3%), from €40,580 to €27,891
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 | €425,235 | €351,648 | -€73,587 | -17.3% |
| Fixed assets | 21/28 | €224,325 | €105,397 | -€118,928 | -53.0% |
| Tangible fixed assets | 22/27 | - | €61,397 | +€61,397 | |
| Furniture and vehicles | 24 | - | €61,397 | +€61,397 | |
| Financial fixed assets | 28 | €224,325 | €44,000 | -€180,325 | -80.4% |
| Current assets | 29/58 | €200,910 | €246,251 | +€45,341 | +22.6% |
| Amounts receivable within one year | 40/41 | €80,013 | €75,305 | -€4,708 | -5.9% |
| Trade receivables | 40 | €21,702 | €21,499 | -€203 | -0.9% |
| Other amounts receivable | 41 | €58,311 | €53,806 | -€4,505 | -7.7% |
| Current investments | 50/53 | €90,000 | €100,000 | +€10,000 | +11.1% |
| Cash at bank and in hand | 54/58 | €29,616 | €69,602 | +€39,986 | +135% |
| Deferred charges and accrued income | 490/1 | €1,282 | €1,345 | +€63 | +4.9% |
| Total equity and liabilities | 10/49 | €425,235 | €351,648 | -€73,587 | -17.3% |
| Equity | 10/15 | €386,790 | €315,372 | -€71,419 | -18.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €306,688 | €295,372 | -€11,316 | -3.7% |
| Distributable reserves | 133 | €306,688 | €295,372 | -€11,316 | -3.7% |
| Profit (loss) carried forward | 14 | €60,103 | - | -€60,103 | |
| Amounts payable | 17/49 | €38,445 | €36,277 | -€2,169 | -5.6% |
| Amounts payable within one year | 42/48 | €37,361 | €35,119 | -€2,241 | -6.0% |
| Trade debts | 44 | €3,351 | €3,331 | -€20 | -0.6% |
| Suppliers | 440/4 | €3,351 | €3,331 | -€20 | -0.6% |
| Taxes, remuneration and social security | 45 | €17,198 | €10,017 | -€7,181 | -41.8% |
| Taxes | 450/3 | €17,198 | €10,017 | -€7,181 | -41.8% |
| Other amounts payable | 47/48 | €16,812 | €21,771 | +€4,959 | +29.5% |
| Accrued charges and deferred income | 492/3 | €1,085 | €1,157 | +€73 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €14,636 | +€14,636 | |
| Other operating charges | 640/8 | €1,227 | €9,221 | +€7,994 | +652% |
| Gross operating margin | 9900 | €103,101 | €80,152 | -€22,950 | -22.3% |
| Operating profit (loss) | 9901 | €101,875 | €56,294 | -€45,581 | -44.7% |
| Financial income | 75/76B | €75,463 | €94,116 | +€18,653 | +24.7% |
| Recurring financial income | 75 | €1,138 | €94,116 | +€92,978 | +8,167% |
| Non-recurring financial income | 76B | €74,325 | - | -€74,325 | |
| Financial charges | 65/66B | €1,267 | €57,323 | +€56,056 | +4,425% |
| Recurring financial charges | 65 | €1,267 | €1,323 | +€56 | +4.4% |
| Non-recurring financial charges | 66B | - | €56,000 | +€56,000 | |
| Profit (loss) for the period before taxes | 9903 | €176,072 | €93,087 | -€82,984 | -47.1% |
| Income taxes | 67/77 | €40,580 | €27,891 | -€12,689 | -31.3% |
| Profit (loss) for the period | 9904 | €135,491 | €65,197 | -€70,295 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €135,491 | €65,197 | -€70,295 | -51.9% |
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 13 October 2026 via checked.be.