Maxibelle: 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.
Maxibelle
Largest movements
- Receivables within one year +€14,973
up €14,973 (+24.9%), from €60,107 to €75,080
of which Trade receivables: +€17,328
- Deferred charges and accrued income -€3,977
down €3,977 (-89.3%), from €4,454 to €477
- Cash -€1,705
down €1,705 (-5.4%), from €31,463 to €29,758
mainly Receivables within one year (-€14,973) and Trade debts (-€14,154)
- Reserves +€39,002
up €39,002 (+260%), from €15,000 to €54,002
- Trade debts -€14,154
down €14,154 (-39.8%), from €35,585 to €21,431
- Other debts -€10,773
down €10,773 (-39.9%), from €26,983 to €16,210
- Advances received -€10,150
down €10,150 (-100%), from €10,150 to €0
- Tax, wage and social debts +€4,830
up €4,830 (+42.2%), from €11,445 to €16,275
of which Taxes: +€2,634
- Gross operating margin +€70,102
up €70,102 (+137%), from €50,986 to €121,088
- Staff costs +€36,621
up €36,621 (+107%), from €34,127 to €70,748
- Taxes +€7,816
new in 2025: €7,816
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 | €101,603 | €109,919 | +€8,316 | +8.2% |
| Fixed assets | 21/28 | €5,580 | €4,604 | -€976 | -17.5% |
| Intangible fixed assets | 21 | €3,838 | €3,038 | -€800 | -20.8% |
| Tangible fixed assets | 22/27 | €1,742 | €1,566 | -€176 | -10.1% |
| Plant, machinery and equipment | 23 | €1,742 | €1,010 | -€732 | -42.0% |
| Furniture and vehicles | 24 | - | €556 | +€556 | |
| Current assets | 29/58 | €96,024 | €105,315 | +€9,292 | +9.7% |
| Amounts receivable within one year | 40/41 | €60,107 | €75,080 | +€14,973 | +24.9% |
| Trade receivables | 40 | €57,752 | €75,080 | +€17,328 | +30.0% |
| Other amounts receivable | 41 | €2,354 | €0 | -€2,354 | -100% |
| Cash at bank and in hand | 54/58 | €31,463 | €29,758 | -€1,705 | -5.4% |
| Deferred charges and accrued income | 490/1 | €4,454 | €477 | -€3,977 | -89.3% |
| Total equity and liabilities | 10/49 | €101,603 | €109,919 | +€8,316 | +8.2% |
| Equity | 10/15 | €17,441 | €56,002 | +€38,561 | +221% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | - | -€2,000 | |
| Other | 1109/19 | €2,000 | - | -€2,000 | |
| Reserves | 13 | €15,000 | €54,002 | +€39,002 | +260% |
| Distributable reserves | 133 | €15,000 | €54,002 | +€39,002 | +260% |
| Profit (loss) carried forward | 14 | €441 | €0 | -€441 | -100% |
| Amounts payable | 17/49 | €84,163 | €53,917 | -€30,246 | -35.9% |
| Amounts payable within one year | 42/48 | €84,163 | €53,917 | -€30,246 | -35.9% |
| Trade debts | 44 | €35,585 | €21,431 | -€14,154 | -39.8% |
| Suppliers | 440/4 | €35,585 | €21,431 | -€14,154 | -39.8% |
| Advances received on contracts in progress | 46 | €10,150 | €0 | -€10,150 | -100% |
| Taxes, remuneration and social security | 45 | €11,445 | €16,275 | +€4,830 | +42.2% |
| Taxes | 450/3 | €2,517 | €5,152 | +€2,634 | +105% |
| Remuneration and social security | 454/9 | €8,927 | €11,124 | +€2,196 | +24.6% |
| Other amounts payable | 47/48 | €26,983 | €16,210 | -€10,773 | -39.9% |
| Remuneration, social security and pensions | 62 | €34,127 | €70,748 | +€36,621 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €894 | €1,758 | +€864 | +96.7% |
| Other operating charges | 640/8 | €1,257 | €1,303 | +€45 | +3.6% |
| Gross operating margin | 9900 | €50,986 | €121,088 | +€70,102 | +137% |
| Operating profit (loss) | 9901 | €14,708 | €47,279 | +€32,571 | +221% |
| Financial income | 75/76B | €149 | €31 | -€118 | -79.0% |
| Recurring financial income | 75 | €149 | €31 | -€118 | -79.0% |
| Financial charges | 65/66B | €310 | €933 | +€623 | +201% |
| Recurring financial charges | 65 | €310 | €933 | +€623 | +201% |
| Profit (loss) for the period before taxes | 9903 | €14,547 | €46,377 | +€31,830 | +219% |
| Income taxes | 67/77 | - | €7,816 | +€7,816 | |
| Profit (loss) for the period | 9904 | €14,547 | €38,561 | +€24,014 | +165% |
| Profit (loss) for the period to be appropriated | 9905 | €14,547 | €38,561 | +€24,014 | +165% |
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.