MAXIBO: 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.
MAXIBO
Largest movements
- Cash -€14,189
down €14,189 (-32.6%), from €43,572 to €29,383
mainly Contributions, distributions and other (-€9,961) and Other debts (-€5,635)
- Reserves -€9,961
down €9,961 (-16.7%), from €59,747 to €49,786
of which Distributable reserves: -€9,961
- Other debts -€5,635
no longer reported in 2026 (was €5,635)
- Profit (loss) carried forward +€4,824
up €4,824 (+7.5%), from €64,266 to €69,090
- Gross operating margin -€4,003
down €4,003 (-21.2%), from €18,915 to €14,912
- Taxes -€1,000
down €1,000 (-38.3%), from €2,609 to €1,609
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €467,463 | €454,275 | -€13,188 | -2.8% |
| Fixed assets | 21/28 | €423,500 | €423,500 | = | 0.0% |
| Financial fixed assets | 28 | €423,500 | €423,500 | = | 0.0% |
| Current assets | 29/58 | €43,963 | €30,775 | -€13,188 | -30.0% |
| Amounts receivable within one year | 40/41 | €391 | €1,392 | +€1,001 | +256.0% |
| Other amounts receivable | 41 | €391 | €1,392 | +€1,001 | +256.0% |
| Cash at bank and in hand | 54/58 | €43,572 | €29,383 | -€14,189 | -32.6% |
| Total equity and liabilities | 10/49 | €467,463 | €454,275 | -€13,188 | -2.8% |
| Equity | 10/15 | €264,013 | €258,876 | -€5,137 | -1.9% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €59,747 | €49,786 | -€9,961 | -16.7% |
| Non-distributable reserves | 130/1 | €14,000 | €14,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €45,747 | €35,786 | -€9,961 | -21.8% |
| Profit (loss) carried forward | 14 | €64,266 | €69,090 | +€4,824 | +7.5% |
| Amounts payable | 17/49 | €203,450 | €195,399 | -€8,051 | -4.0% |
| Amounts payable within one year | 42/48 | €203,050 | €195,000 | -€8,050 | -4.0% |
| Financial debts | 43 | €195,000 | €195,000 | = | 0.0% |
| Other loans | 439 | €195,000 | €195,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,415 | - | -€2,415 | |
| Taxes | 450/3 | €2,415 | - | -€2,415 | |
| Other amounts payable | 47/48 | €5,635 | - | -€5,635 | |
| Accrued charges and deferred income | 492/3 | €400 | €399 | -€1 | -0.3% |
| Other operating charges | 640/8 | €400 | €399 | -€1 | -0.3% |
| Gross operating margin | 9900 | €18,915 | €14,912 | -€4,003 | -21.2% |
| Operating profit (loss) | 9901 | €18,515 | €14,513 | -€4,002 | -21.6% |
| Financial charges | 65/66B | €8,078 | €8,080 | +€2 | 0.0% |
| Recurring financial charges | 65 | €8,078 | €8,080 | +€2 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €10,437 | €6,433 | -€4,004 | -38.4% |
| Income taxes | 67/77 | €2,609 | €1,609 | -€1,000 | -38.3% |
| Profit (loss) for the period | 9904 | €7,828 | €4,824 | -€3,004 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,828 | €4,824 | -€3,004 | -38.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.