MAXICO: 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.
MAXICO
Largest movements
- Cash +€15,645
up €15,645 (+28.6%), from €54,696 to €70,341
mainly Net result for the year (+€25,778) and Deferred charges and accrued income (+€3,249)
- Receivables within one year +€6,700
up €6,700 (+150560.7%), from €4 to €6,704
- Tangible fixed assets +€4,953
up €4,953 (+547.6%), from €904 to €5,857
- Deferred charges and accrued income -€3,249
down €3,249 (-57.9%), from €5,616 to €2,367
- Reserves +€25,778
up €25,778 (+52.7%), from €48,879 to €74,658
- Tax, wage and social debts -€956
down €956 (-16.4%), from €5,813 to €4,857
- Other debts -€936
down €936 (-100.0%), from €936 to €0
- Gross operating margin -€19,866
down €19,866 (-35.8%), from €55,495 to €35,629
- Taxes -€4,276
down €4,276 (-39.0%), from €10,975 to €6,699
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 | €61,220 | €85,269 | +€24,049 | +39.3% |
| Fixed assets | 21/28 | €904 | €5,857 | +€4,953 | +547.6% |
| Tangible fixed assets | 22/27 | €904 | €5,857 | +€4,953 | +547.6% |
| Furniture and vehicles | 24 | €904 | €5,857 | +€4,953 | +547.6% |
| Current assets | 29/58 | €60,316 | €79,412 | +€19,096 | +31.7% |
| Amounts receivable within one year | 40/41 | €4 | €6,704 | +€6,700 | +150560.7% |
| Other amounts receivable | 41 | €4 | €6,704 | +€6,700 | +150560.7% |
| Cash at bank and in hand | 54/58 | €54,696 | €70,341 | +€15,645 | +28.6% |
| Deferred charges and accrued income | 490/1 | €5,616 | €2,367 | -€3,249 | -57.9% |
| Total equity and liabilities | 10/49 | €61,220 | €85,269 | +€24,049 | +39.3% |
| Equity | 10/15 | €53,879 | €79,658 | +€25,778 | +47.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €48,879 | €74,658 | +€25,778 | +52.7% |
| Distributable reserves | 133 | €48,879 | €74,658 | +€25,778 | +52.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €7,341 | €5,612 | -€1,729 | -23.6% |
| Amounts payable within one year | 42/48 | €7,341 | €5,612 | -€1,729 | -23.6% |
| Trade debts | 44 | €592 | €755 | +€162 | +27.4% |
| Suppliers | 440/4 | €592 | €755 | +€162 | +27.4% |
| Taxes, remuneration and social security | 45 | €5,813 | €4,857 | -€956 | -16.4% |
| Taxes | 450/3 | €5,813 | €4,857 | -€956 | -16.4% |
| Other amounts payable | 47/48 | €936 | €0 | -€936 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €430 | €791 | +€361 | +83.8% |
| Other operating charges | 640/8 | €2,018 | €2,320 | +€302 | +15.0% |
| Gross operating margin | 9900 | €55,495 | €35,629 | -€19,866 | -35.8% |
| Operating profit (loss) | 9901 | €53,047 | €32,518 | -€20,529 | -38.7% |
| Financial income | 75/76B | €6 | €0 | -€6 | -99.8% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -99.8% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €53,013 | €32,478 | -€20,536 | -38.7% |
| Income taxes | 67/77 | €10,975 | €6,699 | -€4,276 | -39.0% |
| Profit (loss) for the period | 9904 | €42,038 | €25,778 | -€16,260 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,038 | €25,778 | -€16,260 | -38.7% |
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 9 October 2026 via checked.be.