MAXI RENOV: 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 RENOV
Largest movements
- Receivables within one year +€7,983
up €7,983 (+47.7%), from €16,731 to €24,714
of which Other amounts receivable: +€8,283
- Tangible fixed assets +€7,894
new in 2025: €7,894
- Cash +€3,736
up €3,736 (+106%), from €3,522 to €7,257
mainly Other debts (+€16,200) and Net result for the year (+€14,768)
- Other debts +€16,200
new in 2025: €16,200
- Profit (loss) carried forward +€2,768
up €2,768 (+1,155%), from €240 to €3,008
- Trade debts +€645
new in 2025: €645
- Gross operating margin +€17,764
up €17,764 (+6,281%), from €283 to €18,047
- Depreciation +€2,256
new in 2025: €2,256
- Other operating charges +€927
new in 2025: €927
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 | €20,252 | €39,865 | +€19,613 | +96.8% |
| Fixed assets | 21/28 | - | €7,894 | +€7,894 | |
| Tangible fixed assets | 22/27 | - | €7,894 | +€7,894 | |
| Furniture and vehicles | 24 | - | €7,894 | +€7,894 | |
| Current assets | 29/58 | €20,252 | €31,971 | +€11,718 | +57.9% |
| Amounts receivable within one year | 40/41 | €16,731 | €24,714 | +€7,983 | +47.7% |
| Trade receivables | 40 | €15,300 | €15,000 | -€300 | -2.0% |
| Other amounts receivable | 41 | €1,431 | €9,714 | +€8,283 | +579% |
| Cash at bank and in hand | 54/58 | €3,522 | €7,257 | +€3,736 | +106% |
| Total equity and liabilities | 10/49 | €20,252 | €39,865 | +€19,613 | +96.8% |
| Equity | 10/15 | €5,252 | €8,021 | +€2,768 | +52.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13 | €13 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13 | €13 | = | 0.0% |
| Legal reserve | 130 | €13 | €13 | = | 0.0% |
| Profit (loss) carried forward | 14 | €240 | €3,008 | +€2,768 | +1,155% |
| Amounts payable | 17/49 | €15,000 | €31,845 | +€16,845 | +112% |
| Amounts payable within one year | 42/48 | €15,000 | €31,845 | +€16,845 | +112% |
| Trade debts | 44 | - | €645 | +€645 | |
| Suppliers | 440/4 | - | €645 | +€645 | |
| Advances received on contracts in progress | 46 | €15,000 | €15,000 | = | 0.0% |
| Other amounts payable | 47/48 | - | €16,200 | +€16,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,256 | +€2,256 | |
| Other operating charges | 640/8 | - | €927 | +€927 | |
| Gross operating margin | 9900 | €283 | €18,047 | +€17,764 | +6,281% |
| Operating profit (loss) | 9901 | €283 | €14,864 | +€14,581 | +5,156% |
| Financial charges | 65/66B | €31 | €45 | +€14 | +47.1% |
| Recurring financial charges | 65 | €31 | €45 | +€14 | +47.1% |
| Profit (loss) for the period before taxes | 9903 | €252 | €14,819 | +€14,567 | +5,776% |
| Income taxes | 67/77 | - | €50 | +€50 | |
| Profit (loss) for the period | 9904 | €252 | €14,768 | +€14,516 | +5,756% |
| Profit (loss) for the period to be appropriated | 9905 | €252 | €14,768 | +€14,516 | +5,756% |
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 29 October 2026 via checked.be.