Maxendis: 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.
Maxendis
Largest movements
- Cash -€31,100
down €31,100 (-44.6%), from €69,784 to €38,684
mainly Contributions, distributions and other (-€108,000) and Short-term financial debts (-€26,574)
- Receivables within one year +€7,881
up €7,881 (+7.2%), from €108,961 to €116,842
of which Other amounts receivable: +€7,881
- Short-term financial debts -€26,574
down €26,574 (-84.0%), from €31,637 to €5,063
- Trade debts +€5,358
up €5,358 (+301%), from €1,781 to €7,139
- Gross operating margin +€12,735
up €12,735 (+9.5%), from €133,617 to €146,352
- Taxes +€3,065
up €3,065 (+10.3%), from €29,906 to €32,972
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 | €185,631 | €163,221 | -€22,410 | -12.1% |
| Fixed assets | 21/28 | €5,597 | €4,803 | -€794 | -14.2% |
| Tangible fixed assets | 22/27 | €5,597 | €4,803 | -€794 | -14.2% |
| Other tangible fixed assets | 26 | €5,597 | €4,803 | -€794 | -14.2% |
| Current assets | 29/58 | €180,034 | €158,419 | -€21,616 | -12.0% |
| Amounts receivable within one year | 40/41 | €108,961 | €116,842 | +€7,881 | +7.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €108,961 | €116,842 | +€7,881 | +7.2% |
| Cash at bank and in hand | 54/58 | €69,784 | €38,684 | -€31,100 | -44.6% |
| Deferred charges and accrued income | 490/1 | €1,289 | €2,893 | +€1,604 | +124% |
| Total equity and liabilities | 10/49 | €185,631 | €163,221 | -€22,410 | -12.1% |
| Equity | 10/15 | €128,165 | €128,472 | +€307 | +0.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €108,165 | €108,472 | +€307 | +0.3% |
| Distributable reserves | 133 | €108,165 | €108,472 | +€307 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €57,466 | €34,749 | -€22,717 | -39.5% |
| Amounts payable within one year | 42/48 | €57,394 | €34,749 | -€22,645 | -39.5% |
| Financial debts | 43 | €31,637 | €5,063 | -€26,574 | -84.0% |
| Credit institutions | 430/8 | €31,637 | €5,063 | -€26,574 | -84.0% |
| Trade debts | 44 | €1,781 | €7,139 | +€5,358 | +301% |
| Suppliers | 440/4 | €1,781 | €7,139 | +€5,358 | +301% |
| Taxes, remuneration and social security | 45 | €3,976 | €2,548 | -€1,428 | -35.9% |
| Taxes | 450/3 | €3,976 | €2,548 | -€1,428 | -35.9% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €72 | €0 | -€72 | -100% |
| Non-recurring operating income | 76A | €0 | €2,890 | +€2,890 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €796 | €794 | -€2 | -0.2% |
| Other operating charges | 640/8 | €1,012 | €1,966 | +€955 | +94.4% |
| Gross operating margin | 9900 | €133,617 | €146,352 | +€12,735 | +9.5% |
| Operating profit (loss) | 9901 | €131,810 | €143,592 | +€11,782 | +8.9% |
| Financial income | 75/76B | €1,039 | €260 | -€779 | -75.0% |
| Recurring financial income | 75 | €1,039 | €260 | -€779 | -75.0% |
| Financial charges | 65/66B | €1,512 | €2,573 | +€1,061 | +70.2% |
| Recurring financial charges | 65 | €1,512 | €2,573 | +€1,061 | +70.2% |
| Profit (loss) for the period before taxes | 9903 | €131,337 | €141,279 | +€9,941 | +7.6% |
| Income taxes | 67/77 | €29,906 | €32,972 | +€3,065 | +10.3% |
| Profit (loss) for the period | 9904 | €101,431 | €108,307 | +€6,876 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €101,431 | €108,307 | +€6,876 | +6.8% |
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 16 October 2026 via checked.be.