Maxélie: 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.
Maxélie
Largest movements
- Cash -€4,445
down €4,445 (-57.6%), from €7,720 to €3,274
mainly Trade debts (-€9,557)
- Receivables within one year -€2,465
down €2,465 (-7.2%), from €34,269 to €31,804
- Trade debts -€9,557
down €9,557 (-65.4%), from €14,616 to €5,059
- Tax, wage and social debts +€2,119
up €2,119 (+20.1%), from €10,547 to €12,667
of which Remuneration and social security: +€3,034
- Staff costs +€22,753
up €22,753 (+59.3%), from €38,346 to €61,098
- Gross operating margin +€9,437
up €9,437 (+17.9%), from €52,852 to €62,289
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 | €42,338 | €35,210 | -€7,128 | -16.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €349 | €131 | -€218 | -62.4% |
| Tangible fixed assets | 22/27 | €349 | €131 | -€218 | -62.4% |
| Plant, machinery and equipment | 23 | €349 | €131 | -€218 | -62.4% |
| Current assets | 29/58 | €41,989 | €35,079 | -€6,910 | -16.5% |
| Amounts receivable within one year | 40/41 | €34,269 | €31,804 | -€2,465 | -7.2% |
| Trade receivables | 40 | €34,269 | €31,804 | -€2,465 | -7.2% |
| Cash at bank and in hand | 54/58 | €7,720 | €3,274 | -€4,445 | -57.6% |
| Total equity and liabilities | 10/49 | €42,338 | €35,210 | -€7,128 | -16.8% |
| Equity | 10/15 | €17,174 | €17,485 | +€310 | +1.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €16,674 | €16,985 | +€310 | +1.9% |
| Distributable reserves | 133 | €16,674 | €16,985 | +€310 | +1.9% |
| Amounts payable | 17/49 | €25,164 | €17,726 | -€7,438 | -29.6% |
| Amounts payable within one year | 42/48 | €25,164 | €17,726 | -€7,438 | -29.6% |
| Trade debts | 44 | €14,616 | €5,059 | -€9,557 | -65.4% |
| Suppliers | 440/4 | €14,616 | €5,059 | -€9,557 | -65.4% |
| Taxes, remuneration and social security | 45 | €10,547 | €12,667 | +€2,119 | +20.1% |
| Taxes | 450/3 | €5,511 | €4,596 | -€915 | -16.6% |
| Remuneration and social security | 454/9 | €5,037 | €8,071 | +€3,034 | +60.2% |
| Remuneration, social security and pensions | 62 | €38,346 | €61,098 | +€22,753 | +59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218 | €218 | = | 0.0% |
| Other operating charges | 640/8 | €506 | €462 | -€45 | -8.8% |
| Gross operating margin | 9900 | €52,852 | €62,289 | +€9,437 | +17.9% |
| Operating profit (loss) | 9901 | €13,782 | €511 | -€13,271 | -96.3% |
| Financial charges | 65/66B | - | €59 | +€59 | |
| Recurring financial charges | 65 | - | €59 | +€59 | |
| Profit (loss) for the period before taxes | 9903 | €13,782 | €452 | -€13,330 | -96.7% |
| Income taxes | 67/77 | - | €142 | +€142 | |
| Profit (loss) for the period | 9904 | €13,782 | €310 | -€13,472 | -97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,782 | €310 | -€13,472 | -97.7% |
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 6 October 2026 via checked.be.