maxilis management: 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.
maxilis management
Largest movements
- Current investments +€37,000
up €37,000 (+35.9%), from €103,000 to €140,000
- Receivables within one year -€19,160
down €19,160 (-61.1%), from €31,354 to €12,194
of which Trade receivables: -€14,220
- Tangible fixed assets -€2,354
down €2,354 (-37.3%), from €6,313 to €3,959
of which Furniture and vehicles: -€1,515
- Other debts +€17,592
up €17,592 (+107.1%), from €16,429 to €34,020
- Reserves -€4,126
down €4,126 (-3.6%), from €115,301 to €111,175
- Tax, wage and social debts +€3,019
up €3,019 (+23.0%), from €13,150 to €16,169
of which Taxes: +€2,984
- Trade debts -€1,962
down €1,962 (-37.3%), from €5,260 to €3,299
- Gross operating margin +€6,314
up €6,314 (+15.7%), from €40,101 to €46,415
- Taxes +€1,415
up €1,415 (+13.6%), from €10,426 to €11,841
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 | €152,000 | €166,523 | +€14,523 | +9.6% |
| Fixed assets | 21/28 | €6,375 | €4,022 | -€2,354 | -36.9% |
| Tangible fixed assets | 22/27 | €6,313 | €3,959 | -€2,354 | -37.3% |
| Plant, machinery and equipment | 23 | €2,292 | €1,454 | -€838 | -36.6% |
| Furniture and vehicles | 24 | €4,021 | €2,505 | -€1,515 | -37.7% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €145,625 | €162,501 | +€16,876 | +11.6% |
| Amounts receivable within one year | 40/41 | €31,354 | €12,194 | -€19,160 | -61.1% |
| Trade receivables | 40 | €26,414 | €12,194 | -€14,220 | -53.8% |
| Other amounts receivable | 41 | €4,940 | €0 | -€4,940 | -100.0% |
| Current investments | 50/53 | €103,000 | €140,000 | +€37,000 | +35.9% |
| Cash at bank and in hand | 54/58 | €11,235 | €10,307 | -€928 | -8.3% |
| Deferred charges and accrued income | 490/1 | €36 | €0 | -€36 | -100.0% |
| Total equity and liabilities | 10/49 | €152,000 | €166,523 | +€14,523 | +9.6% |
| Equity | 10/15 | €117,161 | €113,035 | -€4,126 | -3.5% |
| Reserves | 13 | €115,301 | €111,175 | -€4,126 | -3.6% |
| Distributable reserves | 133 | €115,301 | €111,175 | -€4,126 | -3.6% |
| Profit (loss) carried forward | 14 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €34,839 | €53,488 | +€18,649 | +53.5% |
| Amounts payable within one year | 42/48 | €34,839 | €53,488 | +€18,649 | +53.5% |
| Trade debts | 44 | €5,260 | €3,299 | -€1,962 | -37.3% |
| Suppliers | 440/4 | €5,260 | €3,299 | -€1,962 | -37.3% |
| Taxes, remuneration and social security | 45 | €13,150 | €16,169 | +€3,019 | +23.0% |
| Taxes | 450/3 | €9,542 | €12,526 | +€2,984 | +31.3% |
| Remuneration and social security | 454/9 | €3,608 | €3,642 | +€35 | +1.0% |
| Other amounts payable | 47/48 | €16,429 | €34,020 | +€17,592 | +107.1% |
| Remuneration, social security and pensions | 62 | €1,604 | €1,439 | -€166 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,350 | €3,179 | -€171 | -5.1% |
| Other operating charges | 640/8 | €742 | €487 | -€255 | -34.3% |
| Non-recurring operating charges | 66A | €1,721 | - | -€1,721 | |
| Gross operating margin | 9900 | €40,101 | €46,415 | +€6,314 | +15.7% |
| Operating profit (loss) | 9901 | €32,683 | €41,310 | +€8,626 | +26.4% |
| Financial charges | 65/66B | €184 | €166 | -€18 | -10.0% |
| Recurring financial charges | 65 | €184 | €166 | -€18 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €32,499 | €41,144 | +€8,645 | +26.6% |
| Income taxes | 67/77 | €10,426 | €11,841 | +€1,415 | +13.6% |
| Profit (loss) for the period | 9904 | €22,073 | €29,303 | +€7,229 | +32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,073 | €29,303 | +€7,229 | +32.8% |
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 9 October 2026 via checked.be.