MAXILLOEB: 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.
MAXILLOEB
Largest movements
- Cash +€69,084
up €69,084 (+114.9%), from €60,104 to €129,188
mainly Net result for the year (+€74,496) and Depreciation (+€6,139)
- Current investments +€8,000
up €8,000 (+2.0%), from €400,000 to €408,000
- Tangible fixed assets -€6,139
down €6,139 (-86.1%), from €7,134 to €995
of which Furniture and vehicles: -€4,535
- Reserves +€74,450
up €74,450 (+16.8%), from €444,250 to €518,700
- Financial income +€10,554
up €10,554 (+312.2%), from €3,381 to €13,935
- Gross operating margin -€7,326
down €7,326 (-6.2%), from €119,036 to €111,710
- Depreciation -€4,899
down €4,899 (-44.4%), from €11,038 to €6,139
- Taxes +€1,308
up €1,308 (+3.2%), from €40,438 to €41,746
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 | €495,316 | €567,234 | +€71,918 | +14.5% |
| Fixed assets | 21/28 | €7,134 | €995 | -€6,139 | -86.1% |
| Tangible fixed assets | 22/27 | €7,134 | €995 | -€6,139 | -86.1% |
| Plant, machinery and equipment | 23 | €1,604 | - | -€1,604 | |
| Furniture and vehicles | 24 | €5,530 | €995 | -€4,535 | -82.0% |
| Current assets | 29/58 | €488,182 | €566,239 | +€78,057 | +16.0% |
| Amounts receivable after more than one year | 29 | €12,500 | €12,500 | = | 0.0% |
| Other amounts receivable | 291 | €12,500 | €12,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,676 | €15,523 | +€847 | +5.8% |
| Other amounts receivable | 41 | €14,676 | €15,523 | +€847 | +5.8% |
| Current investments | 50/53 | €400,000 | €408,000 | +€8,000 | +2.0% |
| Cash at bank and in hand | 54/58 | €60,104 | €129,188 | +€69,084 | +114.9% |
| Deferred charges and accrued income | 490/1 | €902 | €1,028 | +€126 | +14.0% |
| Total equity and liabilities | 10/49 | €495,316 | €567,234 | +€71,918 | +14.5% |
| Equity | 10/15 | €450,472 | €524,969 | +€74,497 | +16.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €444,250 | €518,700 | +€74,450 | +16.8% |
| Distributable reserves | 133 | €444,250 | €518,700 | +€74,450 | +16.8% |
| Profit (loss) carried forward | 14 | €1,222 | €1,269 | +€47 | +3.8% |
| Amounts payable | 17/49 | €44,844 | €42,265 | -€2,579 | -5.8% |
| Amounts payable within one year | 42/48 | €44,844 | €42,265 | -€2,579 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €1,845 | - | -€1,845 | |
| Trade debts | 44 | €3,355 | €4,166 | +€811 | +24.2% |
| Suppliers | 440/4 | €3,355 | €4,166 | +€811 | +24.2% |
| Taxes, remuneration and social security | 45 | €39,644 | €38,099 | -€1,545 | -3.9% |
| Taxes | 450/3 | €39,644 | €38,099 | -€1,545 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,038 | €6,139 | -€4,899 | -44.4% |
| Other operating charges | 640/8 | €470 | €808 | +€338 | +71.9% |
| Non-recurring operating charges | 66A | €150 | - | -€150 | |
| Gross operating margin | 9900 | €119,036 | €111,710 | -€7,326 | -6.2% |
| Operating profit (loss) | 9901 | €107,378 | €104,763 | -€2,615 | -2.4% |
| Financial income | 75/76B | €3,381 | €13,935 | +€10,554 | +312.2% |
| Recurring financial income | 75 | €3,381 | €13,935 | +€10,554 | +312.2% |
| Financial charges | 65/66B | €1,432 | €2,456 | +€1,024 | +71.5% |
| Recurring financial charges | 65 | €1,432 | €2,456 | +€1,024 | +71.5% |
| Profit (loss) for the period before taxes | 9903 | €109,327 | €116,242 | +€6,915 | +6.3% |
| Income taxes | 67/77 | €40,438 | €41,746 | +€1,308 | +3.2% |
| Profit (loss) for the period | 9904 | €68,889 | €74,496 | +€5,607 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,889 | €74,496 | +€5,607 | +8.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.