maXimaal: 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.
maXimaal
Largest movements
- Receivables within one year -€15,311
down €15,311 (-83.1%), from €18,423 to €3,111
- Cash +€12,938
up €12,938 (+35.0%), from €36,987 to €49,925
mainly Net result for the year (+€23,436) and Receivables within one year (+€15,311)
- Stocks and contracts +€5,528
up €5,528 (+278.5%), from €1,985 to €7,513
- Tangible fixed assets -€1,279
down €1,279 (-26.7%), from €4,798 to €3,519
- Trade debts +€5,107
up €5,107 (+35.7%), from €14,291 to €19,398
- Other debts -€1,582
down €1,582 (-13.2%), from €11,956 to €10,374
- Profit (loss) carried forward -€1,564
down €1,564 (-4.9%), from €31,952 to €30,388
- Gross operating margin +€22,730
up €22,730 (+207.7%), from €10,944 to €33,674
- Taxes +€6,039
up €6,039 (+267.5%), from €2,258 to €8,297
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 | €62,573 | €64,448 | +€1,875 | +3.0% |
| Fixed assets | 21/28 | €5,178 | €3,899 | -€1,279 | -24.7% |
| Tangible fixed assets | 22/27 | €4,798 | €3,519 | -€1,279 | -26.7% |
| Furniture and vehicles | 24 | €4,798 | €3,519 | -€1,279 | -26.7% |
| Financial fixed assets | 28 | €380 | €380 | = | 0.0% |
| Current assets | 29/58 | €57,395 | €60,549 | +€3,155 | +5.5% |
| Stocks and contracts in progress | 3 | €1,985 | €7,513 | +€5,528 | +278.5% |
| Stocks | 30/36 | €1,985 | €7,513 | +€5,528 | +278.5% |
| Amounts receivable within one year | 40/41 | €18,423 | €3,111 | -€15,311 | -83.1% |
| Trade receivables | 40 | €18,423 | €3,111 | -€15,311 | -83.1% |
| Cash at bank and in hand | 54/58 | €36,987 | €49,925 | +€12,938 | +35.0% |
| Total equity and liabilities | 10/49 | €62,573 | €64,448 | +€1,875 | +3.0% |
| Equity | 10/15 | €32,052 | €30,488 | -€1,564 | -4.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,952 | €30,388 | -€1,564 | -4.9% |
| Amounts payable | 17/49 | €30,521 | €33,960 | +€3,439 | +11.3% |
| Amounts payable within one year | 42/48 | €30,521 | €33,960 | +€3,439 | +11.3% |
| Trade debts | 44 | €14,291 | €19,398 | +€5,107 | +35.7% |
| Suppliers | 440/4 | €14,291 | €19,398 | +€5,107 | +35.7% |
| Taxes, remuneration and social security | 45 | €4,274 | €4,188 | -€86 | -2.0% |
| Taxes | 450/3 | €4,274 | €4,188 | -€86 | -2.0% |
| Other amounts payable | 47/48 | €11,956 | €10,374 | -€1,582 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,279 | €1,279 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €254 | €0 | -€254 | -100.0% |
| Other operating charges | 640/8 | €481 | €472 | -€8 | -1.7% |
| Gross operating margin | 9900 | €10,944 | €33,674 | +€22,730 | +207.7% |
| Operating profit (loss) | 9901 | €8,931 | €31,922 | +€22,992 | +257.5% |
| Financial income | 75/76B | €11 | €0 | -€11 | -100.0% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -100.0% |
| Financial charges | 65/66B | €135 | €189 | +€55 | +40.6% |
| Recurring financial charges | 65 | €135 | €189 | +€55 | +40.6% |
| Profit (loss) for the period before taxes | 9903 | €8,807 | €31,733 | +€22,926 | +260.3% |
| Income taxes | 67/77 | €2,258 | €8,297 | +€6,039 | +267.5% |
| Profit (loss) for the period | 9904 | €6,549 | €23,436 | +€16,887 | +257.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,549 | €23,436 | +€16,887 | +257.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.