MAXIM ALLART: 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.
MAXIM ALLART
Largest movements
- Cash +€89,352
up €89,352 (+292%), from €30,622 to €119,974
mainly Net result for the year (+€64,677) and Tax, wage and social debts (+€23,964)
- Profit (loss) carried forward +€64,677
up €64,677 (+464%), from €13,946 to €78,624
- Tax, wage and social debts +€23,964
up €23,964 (+160%), from €14,952 to €38,916
- Trade debts +€1,875
up €1,875 (+298%), from €630 to €2,505
- Gross operating margin +€66,111
up €66,111 (+319%), from €20,745 to €86,856
- Taxes +€13,660
up €13,660 (+349%), from €3,916 to €17,576
- Financial charges +€1,984
up €1,984 (+103%), from €1,920 to €3,904
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 | €32,529 | €123,045 | +€90,516 | +278% |
| Fixed assets | 21/28 | €948 | €2,101 | +€1,153 | +122% |
| Tangible fixed assets | 22/27 | €948 | €2,101 | +€1,153 | +122% |
| Plant, machinery and equipment | 23 | €948 | €852 | -€96 | -10.1% |
| Furniture and vehicles | 24 | - | €1,248 | +€1,248 | |
| Current assets | 29/58 | €31,581 | €120,945 | +€89,364 | +283% |
| Amounts receivable within one year | 40/41 | - | €12 | +€12 | |
| Trade receivables | 40 | - | €12 | +€12 | |
| Cash at bank and in hand | 54/58 | €30,622 | €119,974 | +€89,352 | +292% |
| Deferred charges and accrued income | 490/1 | €958 | €958 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €32,529 | €123,045 | +€90,516 | +278% |
| Equity | 10/15 | €16,946 | €81,624 | +€64,677 | +382% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,946 | €78,624 | +€64,677 | +464% |
| Amounts payable | 17/49 | €15,582 | €41,422 | +€25,839 | +166% |
| Amounts payable within one year | 42/48 | €15,582 | €41,422 | +€25,839 | +166% |
| Trade debts | 44 | €630 | €2,505 | +€1,875 | +298% |
| Suppliers | 440/4 | €630 | €2,505 | +€1,875 | +298% |
| Taxes, remuneration and social security | 45 | €14,952 | €38,916 | +€23,964 | +160% |
| Taxes | 450/3 | €14,952 | €38,916 | +€23,964 | +160% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €963 | €288 | -€675 | -70.1% |
| Other operating charges | 640/8 | - | €476 | +€476 | |
| Gross operating margin | 9900 | €20,745 | €86,856 | +€66,111 | +319% |
| Operating profit (loss) | 9901 | €19,782 | €86,093 | +€66,311 | +335% |
| Financial income | 75/76B | €0 | €64 | +€64 | +127,120% |
| Recurring financial income | 75 | €0 | €64 | +€64 | +127,120% |
| Financial charges | 65/66B | €1,920 | €3,904 | +€1,984 | +103% |
| Recurring financial charges | 65 | €1,920 | €3,904 | +€1,984 | +103% |
| Profit (loss) for the period before taxes | 9903 | €17,862 | €82,253 | +€64,391 | +360% |
| Income taxes | 67/77 | €3,916 | €17,576 | +€13,660 | +349% |
| Profit (loss) for the period | 9904 | €13,946 | €64,677 | +€50,731 | +364% |
| Profit (loss) for the period to be appropriated | 9905 | €13,946 | €64,677 | +€50,731 | +364% |
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 26 October 2026 via checked.be.