MAXIEM’S: 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.
MAXIEM’S
Largest movements
- Cash +€5,278
up €5,278 (+10.2%), from €51,785 to €57,063
mainly Net result for the year (+€6,420) and Tax, wage and social debts (+€4,366)
- Tangible fixed assets -€2,200
down €2,200 (-34.0%), from €6,471 to €4,271
- Deferred charges and accrued income -€898
down €898 (-42.3%), from €2,120 to €1,222
- Other debts -€8,390
down €8,390 (-69.5%), from €12,077 to €3,688
- Reserves +€6,420
up €6,420 (+20.5%), from €31,313 to €37,733
- Tax, wage and social debts +€4,366
up €4,366 (+182%), from €2,403 to €6,769
of which Taxes: +€2,215
- Advances received -€830
no longer reported in 2025 (was €830)
- Staff costs +€6,487
up €6,487 (+33.7%), from €19,231 to €25,718
- Gross operating margin -€4,467
down €4,467 (-10.3%), from €43,209 to €38,741
- Taxes -€1,452
down €1,452 (-33.0%), from €4,403 to €2,951
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 | €66,891 | €68,459 | +€1,568 | +2.3% |
| Fixed assets | 21/28 | €6,471 | €4,271 | -€2,200 | -34.0% |
| Tangible fixed assets | 22/27 | €6,471 | €4,271 | -€2,200 | -34.0% |
| Land and buildings | 22 | €6,471 | €4,271 | -€2,200 | -34.0% |
| Current assets | 29/58 | €60,420 | €64,189 | +€3,768 | +6.2% |
| Stocks and contracts in progress | 3 | €6,372 | €5,772 | -€600 | -9.4% |
| Stocks | 30/36 | €6,372 | €5,772 | -€600 | -9.4% |
| Amounts receivable within one year | 40/41 | €144 | €131 | -€12 | -8.5% |
| Trade receivables | 40 | €144 | €131 | -€12 | -8.5% |
| Cash at bank and in hand | 54/58 | €51,785 | €57,063 | +€5,278 | +10.2% |
| Deferred charges and accrued income | 490/1 | €2,120 | €1,222 | -€898 | -42.3% |
| Total equity and liabilities | 10/49 | €66,891 | €68,459 | +€1,568 | +2.3% |
| Equity | 10/15 | €49,913 | €56,333 | +€6,420 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,313 | €37,733 | +€6,420 | +20.5% |
| Distributable reserves | 133 | €31,313 | €37,733 | +€6,420 | +20.5% |
| Amounts payable | 17/49 | €16,978 | €12,126 | -€4,852 | -28.6% |
| Amounts payable within one year | 42/48 | €15,556 | €10,674 | -€4,881 | -31.4% |
| Trade debts | 44 | €245 | €217 | -€28 | -11.5% |
| Suppliers | 440/4 | €245 | €217 | -€28 | -11.5% |
| Advances received on contracts in progress | 46 | €830 | - | -€830 | |
| Taxes, remuneration and social security | 45 | €2,403 | €6,769 | +€4,366 | +182% |
| Taxes | 450/3 | €968 | €3,183 | +€2,215 | +229% |
| Remuneration and social security | 454/9 | €1,435 | €3,586 | +€2,152 | +150% |
| Other amounts payable | 47/48 | €12,077 | €3,688 | -€8,390 | -69.5% |
| Accrued charges and deferred income | 492/3 | €1,423 | €1,452 | +€29 | +2.1% |
| Remuneration, social security and pensions | 62 | €19,231 | €25,718 | +€6,487 | +33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,200 | €2,200 | = | 0.0% |
| Other operating charges | 640/8 | €1,657 | €1,301 | -€356 | -21.5% |
| Gross operating margin | 9900 | €43,209 | €38,741 | -€4,467 | -10.3% |
| Operating profit (loss) | 9901 | €20,121 | €9,523 | -€10,598 | -52.7% |
| Financial income | 75/76B | €11 | €1 | -€11 | -95.1% |
| Recurring financial income | 75 | €11 | €1 | -€11 | -95.1% |
| Financial charges | 65/66B | €147 | €152 | +€5 | +3.2% |
| Recurring financial charges | 65 | €147 | €152 | +€5 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €19,985 | €9,371 | -€10,613 | -53.1% |
| Income taxes | 67/77 | €4,403 | €2,951 | -€1,452 | -33.0% |
| Profit (loss) for the period | 9904 | €15,582 | €6,420 | -€9,161 | -58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,582 | €6,420 | -€9,161 | -58.8% |
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 24 October 2026 via checked.be.