MAXDEL MANAGEMENT: 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.
MAXDEL MANAGEMENT
Largest movements
- Deferred charges and accrued income +€9,841
new in 2025: €9,841
- Receivables within one year -€1,091
down €1,091 (-84.3%), from €1,295 to €203
of which Other amounts receivable: -€1,295
- Cash -€119
down €119 (-88.3%), from €135 to €16
mainly Deferred charges and accrued income (-€9,841) and Net result for the year (-€5,074)
- Other debts +€8,716
up €8,716 (+83.6%), from €10,431 to €19,148
- Profit (loss) carried forward -€5,074
down €5,074 (-39.6%), from -€12,816 to -€17,890
- Accrued charges and deferred income +€2,850
new in 2025: €2,850
- Tax, wage and social debts +€1,313
up €1,313 (+922.3%), from €142 to €1,456
- Trade debts +€776
up €776 (+107.7%), from €721 to €1,497
- Gross operating margin +€15,501
up €15,501, from -€13,573 to €1,929
- Other operating charges +€3,379
up €3,379 (+1184.1%), from €285 to €3,665
- Financial charges +€274
up €274 (+9.4%), from €2,905 to €3,179
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 | €1,478 | €10,060 | +€8,582 | +580.5% |
| Fixed assets | 21/28 | €49 | - | -€49 | |
| Financial fixed assets | 28 | €49 | - | -€49 | |
| Current assets | 29/58 | €1,429 | €10,060 | +€8,631 | +603.8% |
| Amounts receivable within one year | 40/41 | €1,295 | €203 | -€1,091 | -84.3% |
| Trade receivables | 40 | - | €203 | +€203 | |
| Other amounts receivable | 41 | €1,295 | - | -€1,295 | |
| Cash at bank and in hand | 54/58 | €135 | €16 | -€119 | -88.3% |
| Deferred charges and accrued income | 490/1 | - | €9,841 | +€9,841 | |
| Total equity and liabilities | 10/49 | €1,478 | €10,060 | +€8,582 | +580.5% |
| Equity | 10/15 | -€9,816 | -€14,890 | -€5,074 | -51.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,816 | -€17,890 | -€5,074 | -39.6% |
| Amounts payable | 17/49 | €11,294 | €24,950 | +€13,656 | +120.9% |
| Amounts payable within one year | 42/48 | €11,294 | €22,100 | +€10,806 | +95.7% |
| Trade debts | 44 | €721 | €1,497 | +€776 | +107.7% |
| Suppliers | 440/4 | €721 | €1,497 | +€776 | +107.7% |
| Taxes, remuneration and social security | 45 | €142 | €1,456 | +€1,313 | +922.3% |
| Taxes | 450/3 | €142 | €1,456 | +€1,313 | +922.3% |
| Other amounts payable | 47/48 | €10,431 | €19,148 | +€8,716 | +83.6% |
| Accrued charges and deferred income | 492/3 | - | €2,850 | +€2,850 | |
| Other operating charges | 640/8 | €285 | €3,665 | +€3,379 | +1184.1% |
| Gross operating margin | 9900 | -€13,573 | €1,929 | +€15,501 | |
| Operating profit (loss) | 9901 | -€13,858 | -€1,736 | +€12,122 | +87.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,905 | €3,179 | +€274 | +9.4% |
| Recurring financial charges | 65 | €2,905 | €3,179 | +€274 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,763 | -€4,915 | +€11,848 | +70.7% |
| Income taxes | 67/77 | €142 | €159 | +€17 | +11.7% |
| Profit (loss) for the period | 9904 | -€16,905 | -€5,074 | +€11,831 | +70.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,905 | -€5,074 | +€11,831 | +70.0% |
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.