MAXIMATT: 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.
MAXIMATT
Largest movements
- Cash -€18,914
down €18,914 (-70.0%), from €27,002 to €8,088
mainly Tax, wage and social debts (-€16,800) and Debts after one year (-€10,519)
- Tangible fixed assets -€13,791
down €13,791 (-38.9%), from €35,494 to €21,703
- Tax, wage and social debts -€16,800
down €16,800 (-45.6%), from €36,842 to €20,042
of which Remuneration and social security: -€14,629
- Debts after one year -€10,519
down €10,519 (-30.8%), from €34,181 to €23,662
- Reserves -€9,174
down €9,174 (-93.0%), from €9,865 to €690
- Trade debts +€4,657
up €4,657 (+10.7%), from €43,517 to €48,174
- Other debts -€2,874
down €2,874 (-32.4%), from €8,874 to €6,000
- Gross operating margin -€7,591
down €7,591 (-3.7%), from €207,953 to €200,362
- Depreciation +€6,031
up €6,031 (+77.7%), from €7,761 to €13,791
- Staff costs -€3,536
down €3,536 (-1.9%), from €182,864 to €179,328
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 | €148,242 | €114,087 | -€34,155 | -23.0% |
| Fixed assets | 21/28 | €36,195 | €22,404 | -€13,791 | -38.1% |
| Tangible fixed assets | 22/27 | €35,494 | €21,703 | -€13,791 | -38.9% |
| Furniture and vehicles | 24 | €35,494 | €21,703 | -€13,791 | -38.9% |
| Financial fixed assets | 28 | €701 | €701 | = | 0.0% |
| Current assets | 29/58 | €112,047 | €91,684 | -€20,363 | -18.2% |
| Stocks and contracts in progress | 3 | €1,125 | €993 | -€132 | -11.7% |
| Stocks | 30/36 | €1,125 | €993 | -€132 | -11.7% |
| Amounts receivable within one year | 40/41 | €82,453 | €81,221 | -€1,232 | -1.5% |
| Trade receivables | 40 | €35,098 | €33,976 | -€1,121 | -3.2% |
| Other amounts receivable | 41 | €47,355 | €47,244 | -€111 | -0.2% |
| Cash at bank and in hand | 54/58 | €27,002 | €8,088 | -€18,914 | -70.0% |
| Deferred charges and accrued income | 490/1 | €1,467 | €1,382 | -€85 | -5.8% |
| Total equity and liabilities | 10/49 | €148,242 | €114,087 | -€34,155 | -23.0% |
| Equity | 10/15 | €14,865 | €5,690 | -€9,174 | -61.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,865 | €690 | -€9,174 | -93.0% |
| Distributable reserves | 133 | €9,865 | €690 | -€9,174 | -93.0% |
| Amounts payable | 17/49 | €133,377 | €108,397 | -€24,980 | -18.7% |
| Amounts payable after more than one year | 17 | €34,181 | €23,662 | -€10,519 | -30.8% |
| Financial debts | 170/4 | €34,181 | €23,662 | -€10,519 | -30.8% |
| Amounts payable within one year | 42/48 | €99,196 | €84,735 | -€14,461 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €9,963 | €10,519 | +€556 | +5.6% |
| Trade debts | 44 | €43,517 | €48,174 | +€4,657 | +10.7% |
| Suppliers | 440/4 | €43,517 | €48,174 | +€4,657 | +10.7% |
| Taxes, remuneration and social security | 45 | €36,842 | €20,042 | -€16,800 | -45.6% |
| Taxes | 450/3 | €8,218 | €6,047 | -€2,171 | -26.4% |
| Remuneration and social security | 454/9 | €28,624 | €13,995 | -€14,629 | -51.1% |
| Other amounts payable | 47/48 | €8,874 | €6,000 | -€2,874 | -32.4% |
| Non-recurring operating income | 76A | €2,375 | €2 | -€2,374 | -99.9% |
| Remuneration, social security and pensions | 62 | €182,864 | €179,328 | -€3,536 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,761 | €13,791 | +€6,031 | +77.7% |
| Other operating charges | 640/8 | €811 | €596 | -€215 | -26.5% |
| Non-recurring operating charges | 66A | €18 | €108 | +€91 | +511.7% |
| Gross operating margin | 9900 | €207,953 | €200,362 | -€7,591 | -3.7% |
| Operating profit (loss) | 9901 | €16,499 | €6,538 | -€9,961 | -60.4% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €4,273 | €4,266 | -€6 | -0.1% |
| Recurring financial charges | 65 | €4,273 | €3,614 | -€658 | -15.4% |
| Non-recurring financial charges | 66B | - | €652 | +€652 | |
| Profit (loss) for the period before taxes | 9903 | €12,227 | €2,296 | -€9,930 | -81.2% |
| Income taxes | 67/77 | €3,076 | €1,471 | -€1,605 | -52.2% |
| Profit (loss) for the period | 9904 | €9,150 | €826 | -€8,325 | -91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,150 | €826 | -€8,325 | -91.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.