Maxdb: 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.
Maxdb
Largest movements
- Tangible fixed assets +€38,028
up €38,028 (+44.3%), from €85,820 to €123,848
of which Furniture and vehicles: +€36,947
- Receivables within one year +€13,217
up €13,217 (+62.9%), from €21,015 to €34,231
of which Trade receivables: +€16,791
- Cash -€8,534
down €8,534 (-15.0%), from €56,755 to €48,220
mainly Investment in fixed assets (net) (-€61,146) and Receivables within one year (-€13,217)
- Reserves +€20,000
up €20,000 (+1075.3%), from €1,860 to €21,860
of which Distributable reserves: +€20,000
- Debts after one year +€8,693
up €8,693 (+24.5%), from €35,482 to €44,175
- Profit (loss) carried forward +€8,519
up €8,519 (+9.2%), from €92,519 to €101,037
- Tax, wage and social debts +€3,450
up €3,450 (+138.0%), from €2,500 to €5,950
- Current portion of long-term debt +€3,142
up €3,142 (+22.5%), from €13,978 to €17,120
- Gross operating margin +€47,910
up €47,910 (+360.7%), from €13,281 to €61,192
- Taxes +€6,772
up €6,772 (+3676.3%), from €184 to €6,956
- Depreciation +€4,826
up €4,826 (+26.4%), from €18,293 to €23,118
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 | €167,655 | €210,941 | +€43,286 | +25.8% |
| Fixed assets | 21/28 | €85,940 | €123,968 | +€38,028 | +44.2% |
| Tangible fixed assets | 22/27 | €85,820 | €123,848 | +€38,028 | +44.3% |
| Plant, machinery and equipment | 23 | €1,819 | €2,900 | +€1,081 | +59.4% |
| Furniture and vehicles | 24 | €84,000 | €120,947 | +€36,947 | +44.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €81,715 | €86,973 | +€5,258 | +6.4% |
| Amounts receivable within one year | 40/41 | €21,015 | €34,231 | +€13,217 | +62.9% |
| Trade receivables | 40 | - | €16,791 | +€16,791 | |
| Other amounts receivable | 41 | €21,015 | €17,440 | -€3,575 | -17.0% |
| Cash at bank and in hand | 54/58 | €56,755 | €48,220 | -€8,534 | -15.0% |
| Deferred charges and accrued income | 490/1 | €3,946 | €4,521 | +€576 | +14.6% |
| Total equity and liabilities | 10/49 | €167,655 | €210,941 | +€43,286 | +25.8% |
| Equity | 10/15 | €112,979 | €141,497 | +€28,519 | +25.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €21,860 | +€20,000 | +1075.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €92,519 | €101,037 | +€8,519 | +9.2% |
| Amounts payable | 17/49 | €54,676 | €69,443 | +€14,767 | +27.0% |
| Amounts payable after more than one year | 17 | €35,482 | €44,175 | +€8,693 | +24.5% |
| Financial debts | 170/4 | €35,482 | €44,175 | +€8,693 | +24.5% |
| Amounts payable within one year | 42/48 | €19,194 | €25,268 | +€6,074 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | €13,978 | €17,120 | +€3,142 | +22.5% |
| Trade debts | 44 | €1,620 | - | -€1,620 | |
| Suppliers | 440/4 | €1,620 | - | -€1,620 | |
| Taxes, remuneration and social security | 45 | €2,500 | €5,950 | +€3,450 | +138.0% |
| Remuneration and social security | 454/9 | €2,500 | €5,950 | +€3,450 | +138.0% |
| Other amounts payable | 47/48 | €1,096 | €2,198 | +€1,102 | +100.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,293 | €23,118 | +€4,826 | +26.4% |
| Other operating charges | 640/8 | €521 | €387 | -€134 | -25.7% |
| Gross operating margin | 9900 | €13,281 | €61,192 | +€47,910 | +360.7% |
| Operating profit (loss) | 9901 | -€5,533 | €37,686 | +€43,219 | |
| Financial income | 75/76B | €47 | €8 | -€39 | -83.0% |
| Recurring financial income | 75 | €47 | €8 | -€39 | -83.0% |
| Financial charges | 65/66B | €2,345 | €2,219 | -€126 | -5.4% |
| Recurring financial charges | 65 | €2,345 | €2,219 | -€126 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,831 | €35,475 | +€43,306 | |
| Income taxes | 67/77 | €184 | €6,956 | +€6,772 | +3676.3% |
| Profit (loss) for the period | 9904 | -€8,015 | €28,519 | +€36,533 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,015 | €28,519 | +€36,533 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.