MAXIMAL PRODUCTVISION: 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.
MAXIMAL PRODUCTVISION
Largest movements
- Cash -€39,702
down €39,702 (-63.3%), from €62,678 to €22,975
mainly Net result for the year (-€30,550) and Receivables within one year (-€11,437)
- Receivables within one year +€11,437
up €11,437 (+81.0%), from €14,124 to €25,560
of which Trade receivables: +€7,205
- Tangible fixed assets -€5,683
down €5,683 (-5.0%), from €113,322 to €107,639
- Profit (loss) carried forward -€30,550
down €30,550 (-19.7%), from €154,768 to €124,217
- Other debts -€2,468
down €2,468 (-100%), from €2,468 to €0
- Gross operating margin -€1,305
down €1,305 (-6.5%), from -€20,094 to -€21,399
- Depreciation -€975
down €975 (-14.6%), from €6,658 to €5,683
- Financial income -€215
down €215 (-50.2%), from €428 to €213
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 | €210,425 | €176,687 | -€33,738 | -16.0% |
| Fixed assets | 21/28 | €113,322 | €107,639 | -€5,683 | -5.0% |
| Tangible fixed assets | 22/27 | €113,322 | €107,639 | -€5,683 | -5.0% |
| Land and buildings | 22 | €100,953 | €100,953 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,443 | €4,389 | -€2,055 | -31.9% |
| Furniture and vehicles | 24 | €1,332 | €0 | -€1,332 | -100% |
| Other tangible fixed assets | 26 | €4,594 | €2,297 | -€2,296 | -50.0% |
| Current assets | 29/58 | €97,104 | €69,048 | -€28,055 | -28.9% |
| Amounts receivable within one year | 40/41 | €14,124 | €25,560 | +€11,437 | +81.0% |
| Trade receivables | 40 | €14,124 | €21,329 | +€7,205 | +51.0% |
| Other amounts receivable | 41 | €0 | €4,232 | +€4,232 | |
| Current investments | 50/53 | €20,302 | €20,359 | +€57 | +0.3% |
| Cash at bank and in hand | 54/58 | €62,678 | €22,975 | -€39,702 | -63.3% |
| Deferred charges and accrued income | 490/1 | €0 | €153 | +€153 | |
| Total equity and liabilities | 10/49 | €210,425 | €176,687 | -€33,738 | -16.0% |
| Equity | 10/15 | €205,903 | €175,353 | -€30,550 | -14.8% |
| Contributions | 10/11 | €18,595 | €18,595 | = | 0.0% |
| Reserves | 13 | €32,541 | €32,541 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €32,541 | €32,541 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,768 | €124,217 | -€30,550 | -19.7% |
| Amounts payable | 17/49 | €4,522 | €1,334 | -€3,188 | -70.5% |
| Amounts payable within one year | 42/48 | €4,522 | €1,334 | -€3,188 | -70.5% |
| Trade debts | 44 | €635 | €282 | -€353 | -55.6% |
| Suppliers | 440/4 | €635 | €282 | -€353 | -55.6% |
| Taxes, remuneration and social security | 45 | €1,419 | €1,053 | -€367 | -25.8% |
| Taxes | 450/3 | €1,419 | €1,053 | -€367 | -25.8% |
| Other amounts payable | 47/48 | €2,468 | €0 | -€2,468 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,658 | €5,683 | -€975 | -14.6% |
| Other operating charges | 640/8 | €3,215 | €3,164 | -€51 | -1.6% |
| Gross operating margin | 9900 | -€20,094 | -€21,399 | -€1,305 | -6.5% |
| Operating profit (loss) | 9901 | -€29,967 | -€30,246 | -€280 | -0.9% |
| Financial income | 75/76B | €428 | €213 | -€215 | -50.2% |
| Recurring financial income | 75 | €428 | €213 | -€215 | -50.2% |
| Financial charges | 65/66B | €149 | €134 | -€15 | -10.2% |
| Recurring financial charges | 65 | €149 | €134 | -€15 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | -€29,688 | -€30,167 | -€479 | -1.6% |
| Income taxes | 67/77 | €426 | €383 | -€43 | -10.1% |
| Profit (loss) for the period | 9904 | -€30,114 | -€30,550 | -€436 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,114 | -€30,550 | -€436 | -1.4% |
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 18 October 2026 via checked.be.