MAXDESIGN: 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.
MAXDESIGN
Largest movements
- Cash -€8,409
down €8,409 (-77.9%), from €10,790 to €2,381
mainly Advances received (-€5,000) and Net result for the year (-€4,761)
- Tangible fixed assets -€1,703
down €1,703 (-34.3%), from €4,971 to €3,268
of which Plant, machinery and equipment: -€3,756
- Deferred charges and accrued income -€965
no longer reported in 2025 (was €965)
- Receivables within one year +€256
up €256 (+12.8%), from €1,995 to €2,251
of which Trade receivables: +€1,516
- Advances received -€5,000
no longer reported in 2025 (was €5,000)
- Profit (loss) carried forward -€4,761
down €4,761 (-38.3%), from -€12,423 to -€17,183
- Trade debts -€1,532
down €1,532 (-25.5%), from €5,998 to €4,466
- Tax, wage and social debts +€580
up €580 (+78.9%), from €735 to €1,315
- Gross operating margin +€13,050
up €13,050, from -€12,948 to €101
- Depreciation -€3,907
down €3,907 (-48.1%), from €8,119 to €4,211
- Other operating charges -€631
down €631 (-49.9%), from €1,263 to €632
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 | €18,720 | €7,900 | -€10,821 | -57.8% |
| Fixed assets | 21/28 | €4,971 | €3,268 | -€1,703 | -34.3% |
| Tangible fixed assets | 22/27 | €4,971 | €3,268 | -€1,703 | -34.3% |
| Plant, machinery and equipment | 23 | €4,971 | €1,215 | -€3,756 | -75.6% |
| Furniture and vehicles | 24 | - | €2,053 | +€2,053 | |
| Current assets | 29/58 | €13,749 | €4,632 | -€9,117 | -66.3% |
| Amounts receivable within one year | 40/41 | €1,995 | €2,251 | +€256 | +12.8% |
| Trade receivables | 40 | - | €1,516 | +€1,516 | |
| Other amounts receivable | 41 | €1,995 | €735 | -€1,260 | -63.2% |
| Cash at bank and in hand | 54/58 | €10,790 | €2,381 | -€8,409 | -77.9% |
| Deferred charges and accrued income | 490/1 | €965 | - | -€965 | |
| Total equity and liabilities | 10/49 | €18,720 | €7,900 | -€10,821 | -57.8% |
| Equity | 10/15 | -€10,423 | -€15,183 | -€4,761 | -45.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,423 | -€17,183 | -€4,761 | -38.3% |
| Amounts payable | 17/49 | €29,143 | €23,083 | -€6,060 | -20.8% |
| Amounts payable within one year | 42/48 | €29,143 | €23,083 | -€6,060 | -20.8% |
| Trade debts | 44 | €5,998 | €4,466 | -€1,532 | -25.5% |
| Suppliers | 440/4 | €5,998 | €4,466 | -€1,532 | -25.5% |
| Advances received on contracts in progress | 46 | €5,000 | - | -€5,000 | |
| Taxes, remuneration and social security | 45 | €735 | €1,315 | +€580 | +78.9% |
| Taxes | 450/3 | €735 | €1,315 | +€580 | +78.9% |
| Other amounts payable | 47/48 | €17,411 | €17,303 | -€108 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,119 | €4,211 | -€3,907 | -48.1% |
| Other operating charges | 640/8 | €1,263 | €632 | -€631 | -49.9% |
| Gross operating margin | 9900 | -€12,948 | €101 | +€13,050 | |
| Operating profit (loss) | 9901 | -€22,330 | -€4,742 | +€17,588 | +78.8% |
| Financial income | 75/76B | - | €94 | +€94 | |
| Recurring financial income | 75 | - | €94 | +€94 | |
| Financial charges | 65/66B | €132 | €112 | -€19 | -14.8% |
| Recurring financial charges | 65 | €132 | €112 | -€19 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | -€22,461 | -€4,761 | +€17,701 | +78.8% |
| Profit (loss) for the period | 9904 | -€22,461 | -€4,761 | +€17,701 | +78.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,461 | -€4,761 | +€17,701 | +78.8% |
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 17 October 2026 via checked.be.