MAXFACE: 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.
MAXFACE
Largest movements
- Cash +€153,025
up €153,025 (+211.8%), from €72,233 to €225,259
mainly Net result for the year (+€156,910) and Tax, wage and social debts (+€22,037)
- Deferred charges and accrued income +€25,420
up €25,420 (+53.4%), from €47,610 to €73,029
- Tangible fixed assets +€3,562
up €3,562 (+57.5%), from €6,196 to €9,758
of which Furniture and vehicles: +€4,191
- Profit (loss) carried forward +€156,910
up €156,910 (+156.1%), from €100,497 to €257,407
- Tax, wage and social debts +€22,037
up €22,037 (+86.9%), from €25,365 to €47,402
- Gross operating margin +€92,773
up €92,773 (+80.8%), from €114,810 to €207,583
- Taxes +€22,837
up €22,837 (+93.0%), from €24,565 to €47,402
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 | €131,175 | €311,849 | +€180,675 | +137.7% |
| Fixed assets | 21/28 | €6,196 | €9,758 | +€3,562 | +57.5% |
| Tangible fixed assets | 22/27 | €6,196 | €9,758 | +€3,562 | +57.5% |
| Furniture and vehicles | 24 | - | €4,191 | +€4,191 | |
| Other tangible fixed assets | 26 | €6,196 | €5,567 | -€629 | -10.2% |
| Current assets | 29/58 | €124,979 | €302,092 | +€177,113 | +141.7% |
| Amounts receivable within one year | 40/41 | €5,136 | €3,804 | -€1,332 | -25.9% |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | €5,136 | €2,804 | -€2,332 | -45.4% |
| Cash at bank and in hand | 54/58 | €72,233 | €225,259 | +€153,025 | +211.8% |
| Deferred charges and accrued income | 490/1 | €47,610 | €73,029 | +€25,420 | +53.4% |
| Total equity and liabilities | 10/49 | €131,175 | €311,849 | +€180,675 | +137.7% |
| Equity | 10/15 | €103,997 | €260,907 | +€156,910 | +150.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,497 | €257,407 | +€156,910 | +156.1% |
| Amounts payable | 17/49 | €27,178 | €50,943 | +€23,765 | +87.4% |
| Amounts payable within one year | 42/48 | €27,178 | €50,943 | +€23,765 | +87.4% |
| Trade debts | 44 | €1,813 | €3,541 | +€1,727 | +95.3% |
| Suppliers | 440/4 | €1,813 | €3,541 | +€1,727 | +95.3% |
| Taxes, remuneration and social security | 45 | €25,365 | €47,402 | +€22,037 | +86.9% |
| Taxes | 450/3 | €25,365 | €47,402 | +€22,037 | +86.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96 | €1,600 | +€1,504 | +1562.4% |
| Other operating charges | 640/8 | €615 | €1,453 | +€838 | +136.2% |
| Gross operating margin | 9900 | €114,810 | €207,583 | +€92,773 | +80.8% |
| Operating profit (loss) | 9901 | €114,099 | €204,530 | +€90,431 | +79.3% |
| Financial income | 75/76B | €422 | €215 | -€207 | -49.0% |
| Recurring financial income | 75 | €422 | €215 | -€207 | -49.0% |
| Financial charges | 65/66B | €895 | €433 | -€462 | -51.6% |
| Recurring financial charges | 65 | €895 | €433 | -€462 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €113,626 | €204,312 | +€90,686 | +79.8% |
| Income taxes | 67/77 | €24,565 | €47,402 | +€22,837 | +93.0% |
| Profit (loss) for the period | 9904 | €89,062 | €156,910 | +€67,848 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €89,062 | €156,910 | +€67,848 | +76.2% |
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 8 October 2026 via checked.be.