MAXIMAC: 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.
MAXIMAC
Largest movements
- Cash -€11,793
down €11,793 (-27.4%), from €42,986 to €31,193
mainly Debts after one year (-€8,000) and Tax, wage and social debts (-€7,681)
- Tangible fixed assets -€1,784
down €1,784 (-14.6%), from €12,259 to €10,475
of which Plant, machinery and equipment: -€1,055
- Receivables within one year -€940
down €940 (-13.7%), from €6,874 to €5,934
of which Trade receivables: -€847
- Deferred charges and accrued income -€649
down €649 (-36.7%), from €1,768 to €1,118
- Debts after one year -€8,000
down €8,000 (-100%), from €8,000 to €0
- Tax, wage and social debts -€7,681
down €7,681 (-74.8%), from €10,263 to €2,583
of which Taxes: -€8,251
- Trade debts -€2,749
down €2,749 (-42.7%), from €6,433 to €3,684
- Profit (loss) carried forward +€1,871
up €1,871 (+10.0%), from €18,699 to €20,571
- Other debts +€1,392
up €1,392 (+72.6%), from €1,916 to €3,308
- Other operating charges -€945
down €945 (-64.5%), from €1,465 to €520
- Taxes +€217
up €217 (+25.7%), from €846 to €1,063
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 | €63,912 | €48,745 | -€15,166 | -23.7% |
| Fixed assets | 21/28 | €12,284 | €10,500 | -€1,784 | -14.5% |
| Tangible fixed assets | 22/27 | €12,259 | €10,475 | -€1,784 | -14.6% |
| Plant, machinery and equipment | 23 | €4,317 | €3,262 | -€1,055 | -24.4% |
| Furniture and vehicles | 24 | €5,775 | €5,638 | -€137 | -2.4% |
| Other tangible fixed assets | 26 | €2,167 | €1,575 | -€593 | -27.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €51,627 | €38,245 | -€13,382 | -25.9% |
| Amounts receivable within one year | 40/41 | €6,874 | €5,934 | -€940 | -13.7% |
| Trade receivables | 40 | €6,776 | €5,929 | -€847 | -12.5% |
| Other amounts receivable | 41 | €98 | €5 | -€93 | -94.7% |
| Cash at bank and in hand | 54/58 | €42,986 | €31,193 | -€11,793 | -27.4% |
| Deferred charges and accrued income | 490/1 | €1,768 | €1,118 | -€649 | -36.7% |
| Total equity and liabilities | 10/49 | €63,912 | €48,745 | -€15,166 | -23.7% |
| Equity | 10/15 | €37,299 | €39,171 | +€1,871 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,699 | €20,571 | +€1,871 | +10.0% |
| Amounts payable | 17/49 | €26,612 | €9,575 | -€17,038 | -64.0% |
| Amounts payable after more than one year | 17 | €8,000 | €0 | -€8,000 | -100% |
| Financial debts | 170/4 | €8,000 | €0 | -€8,000 | -100% |
| Amounts payable within one year | 42/48 | €18,612 | €9,575 | -€9,038 | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,433 | €3,684 | -€2,749 | -42.7% |
| Suppliers | 440/4 | €6,433 | €3,684 | -€2,749 | -42.7% |
| Taxes, remuneration and social security | 45 | €10,263 | €2,583 | -€7,681 | -74.8% |
| Taxes | 450/3 | €10,263 | €2,013 | -€8,251 | -80.4% |
| Remuneration and social security | 454/9 | - | €570 | +€570 | |
| Other amounts payable | 47/48 | €1,916 | €3,308 | +€1,392 | +72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,366 | €6,333 | -€34 | -0.5% |
| Other operating charges | 640/8 | €1,465 | €520 | -€945 | -64.5% |
| Gross operating margin | 9900 | €10,143 | €10,101 | -€42 | -0.4% |
| Operating profit (loss) | 9901 | €2,312 | €3,248 | +€936 | +40.5% |
| Financial charges | 65/66B | €282 | €314 | +€31 | +11.1% |
| Recurring financial charges | 65 | €282 | €314 | +€31 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €2,030 | €2,935 | +€905 | +44.6% |
| Income taxes | 67/77 | €846 | €1,063 | +€217 | +25.7% |
| Profit (loss) for the period | 9904 | €1,184 | €1,871 | +€688 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,184 | €1,871 | +€688 | +58.1% |
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 13 October 2026 via checked.be.