MAXI FEES: 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.
MAXI FEES
Largest movements
- Receivables within one year +€22,910
up €22,910 (+50.7%), from €45,218 to €68,128
- Tangible fixed assets -€14,000
down €14,000 (-5.5%), from €255,299 to €241,299
- Trade debts +€8,980
up €8,980 (+65.2%), from €13,779 to €22,759
- Debts after one year -€7,639
down €7,639 (-1.4%), from €536,928 to €529,289
of which Financial debts: -€14,104
- Other operating charges +€2,856
up €2,856 (+76.9%), from €3,713 to €6,569
- Gross operating margin -€2,517
down €2,517 (-5.2%), from €48,232 to €45,715
- Financial charges -€1,675
down €1,675 (-7.5%), from €22,327 to €20,652
- Taxes -€823
down €823 (-56.4%), from €1,460 to €637
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 | €618,215 | €623,802 | +€5,587 | +0.9% |
| Fixed assets | 21/28 | €569,669 | €555,669 | -€14,000 | -2.5% |
| Tangible fixed assets | 22/27 | €255,299 | €241,299 | -€14,000 | -5.5% |
| Land and buildings | 22 | €255,299 | €241,299 | -€14,000 | -5.5% |
| Financial fixed assets | 28 | €314,370 | €314,370 | = | 0.0% |
| Current assets | 29/58 | €48,546 | €68,134 | +€19,587 | +40.3% |
| Amounts receivable within one year | 40/41 | €45,218 | €68,128 | +€22,910 | +50.7% |
| Other amounts receivable | 41 | €45,218 | €68,128 | +€22,910 | +50.7% |
| Cash at bank and in hand | 54/58 | €328 | €6 | -€322 | -98.2% |
| Deferred charges and accrued income | 490/1 | €3,000 | - | -€3,000 | |
| Total equity and liabilities | 10/49 | €618,215 | €623,802 | +€5,587 | +0.9% |
| Equity | 10/15 | €42,665 | €46,595 | +€3,930 | +9.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,465 | €40,395 | +€3,930 | +10.8% |
| Distributable reserves | 133 | €36,465 | €40,395 | +€3,930 | +10.8% |
| Amounts payable | 17/49 | €575,550 | €577,208 | +€1,658 | +0.3% |
| Amounts payable after more than one year | 17 | €536,928 | €529,289 | -€7,639 | -1.4% |
| Financial debts | 170/4 | €224,280 | €210,176 | -€14,104 | -6.3% |
| Other amounts payable | 178/9 | €312,647 | €319,113 | +€6,466 | +2.1% |
| Amounts payable within one year | 42/48 | €28,204 | €38,442 | +€10,238 | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €13,494 | €14,104 | +€610 | +4.5% |
| Financial debts | 43 | - | €11 | +€11 | |
| Credit institutions | 430/8 | - | €11 | +€11 | |
| Trade debts | 44 | €13,779 | €22,759 | +€8,980 | +65.2% |
| Suppliers | 440/4 | €13,779 | €22,759 | +€8,980 | +65.2% |
| Taxes, remuneration and social security | 45 | €931 | €1,568 | +€637 | +68.4% |
| Taxes | 450/3 | €931 | €1,568 | +€637 | +68.4% |
| Accrued charges and deferred income | 492/3 | €10,418 | €9,476 | -€942 | -9.0% |
| Non-recurring operating income | 76A | €682 | - | -€682 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,000 | €14,000 | = | 0.0% |
| Other operating charges | 640/8 | €3,713 | €6,569 | +€2,856 | +76.9% |
| Gross operating margin | 9900 | €48,232 | €45,715 | -€2,517 | -5.2% |
| Operating profit (loss) | 9901 | €30,518 | €25,146 | -€5,372 | -17.6% |
| Financial income | 75/76B | €25 | €72 | +€48 | +192% |
| Recurring financial income | 75 | €25 | €72 | +€48 | +192% |
| Financial charges | 65/66B | €22,327 | €20,652 | -€1,675 | -7.5% |
| Recurring financial charges | 65 | €22,327 | €20,652 | -€1,675 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €8,216 | €4,567 | -€3,649 | -44.4% |
| Income taxes | 67/77 | €1,460 | €637 | -€823 | -56.4% |
| Profit (loss) for the period | 9904 | €6,756 | €3,930 | -€2,826 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,756 | €3,930 | -€2,826 | -41.8% |
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 15 October 2026 via checked.be.