Maximage: 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.
Maximage
Largest movements
- Receivables within one year -€1,500
down €1,500 (-75.1%), from €1,996 to €496
- Deferred charges and accrued income -€244
no longer reported in 2025 (was €244)
- Tangible fixed assets -€72
no longer reported in 2025 (was €72)
- Short-term financial debts +€3,948
up €3,948 (+39.8%), from €9,924 to €13,872
- Profit (loss) carried forward -€3,487
down €3,487 (-10.7%), from -€32,642 to -€36,129
- Trade debts -€1,483
down €1,483 (-50.2%), from €2,956 to €1,473
- Tax, wage and social debts -€1,159
down €1,159 (-82.0%), from €1,414 to €255
- Other debts +€355
up €355 (+48.6%), from €731 to €1,086
- Gross operating margin -€9,357
down €9,357, from €8,548 to -€808
- Financial charges -€388
down €388 (-14.1%), from €2,741 to €2,353
- Taxes -€127
no longer reported in 2025 (was €127)
- Depreciation -€88
down €88 (-55.1%), from €160 to €72
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 | €2,350 | €524 | -€1,826 | -77.7% |
| Fixed assets | 21/28 | €72 | - | -€72 | |
| Tangible fixed assets | 22/27 | €72 | - | -€72 | |
| Furniture and vehicles | 24 | €72 | - | -€72 | |
| Current assets | 29/58 | €2,278 | €524 | -€1,755 | -77.0% |
| Amounts receivable within one year | 40/41 | €1,996 | €496 | -€1,500 | -75.1% |
| Other amounts receivable | 41 | €1,996 | €496 | -€1,500 | -75.1% |
| Cash at bank and in hand | 54/58 | €38 | €27 | -€10 | -27.4% |
| Deferred charges and accrued income | 490/1 | €244 | - | -€244 | |
| Total equity and liabilities | 10/49 | €2,350 | €524 | -€1,826 | -77.7% |
| Equity | 10/15 | -€12,907 | -€16,395 | -€3,487 | -27.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,535 | €13,535 | = | 0.0% |
| Non-distributable reserves | 130/1 | €738 | €738 | = | 0.0% |
| Reserves not available under the articles | 1311 | €738 | €738 | = | 0.0% |
| Distributable reserves | 133 | €12,797 | €12,797 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,642 | -€36,129 | -€3,487 | -10.7% |
| Amounts payable | 17/49 | €15,257 | €16,918 | +€1,661 | +10.9% |
| Amounts payable within one year | 42/48 | €15,257 | €16,918 | +€1,661 | +10.9% |
| Financial debts | 43 | €9,924 | €13,872 | +€3,948 | +39.8% |
| Credit institutions | 430/8 | €9,924 | €13,872 | +€3,948 | +39.8% |
| Trade debts | 44 | €2,956 | €1,473 | -€1,483 | -50.2% |
| Suppliers | 440/4 | €2,956 | €1,473 | -€1,483 | -50.2% |
| Advances received on contracts in progress | 46 | €233 | €233 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,414 | €255 | -€1,159 | -82.0% |
| Taxes | 450/3 | €1,414 | €255 | -€1,159 | -82.0% |
| Other amounts payable | 47/48 | €731 | €1,086 | +€355 | +48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160 | €72 | -€88 | -55.1% |
| Other operating charges | 640/8 | €311 | €254 | -€56 | -18.2% |
| Gross operating margin | 9900 | €8,548 | -€808 | -€9,357 | |
| Operating profit (loss) | 9901 | €8,078 | -€1,134 | -€9,212 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,741 | €2,353 | -€388 | -14.1% |
| Recurring financial charges | 65 | €2,741 | €2,353 | -€388 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €5,337 | -€3,487 | -€8,825 | |
| Income taxes | 67/77 | €127 | - | -€127 | |
| Profit (loss) for the period | 9904 | €5,210 | -€3,487 | -€8,697 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,210 | -€3,487 | -€8,697 |
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 17 October 2026 via checked.be.