MAXIME: 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.
MAXIME
Largest movements
- Deferred charges and accrued income +€14,949
up €14,949 (+421.0%), from €3,551 to €18,500
- Receivables within one year -€7,859
down €7,859 (-23.3%), from €33,698 to €25,839
of which Other amounts receivable: -€7,280
- Tangible fixed assets -€2,410
down €2,410 (-32.2%), from €7,494 to €5,084
of which Land and buildings: -€1,878
- Other debts -€59,429
down €59,429 (-50.1%), from €118,645 to €59,216
- Debts after one year +€42,640
new in 2025: €42,640
- Reserves +€12,000
up €12,000 (+21.4%), from €56,000 to €68,000
- Current portion of long-term debt +€9,951
up €9,951 (+761.9%), from €1,306 to €11,257
- Trade debts -€2,610
down €2,610 (-88.6%), from €2,947 to €337
- Taxes +€4,283
up €4,283 (+162.9%), from €2,630 to €6,913
- Gross operating margin +€2,279
up €2,279 (+10.2%), from €22,380 to €24,659
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 | €211,198 | €214,943 | +€3,746 | +1.8% |
| Fixed assets | 21/28 | €172,618 | €170,208 | -€2,410 | -1.4% |
| Tangible fixed assets | 22/27 | €7,494 | €5,084 | -€2,410 | -32.2% |
| Land and buildings | 22 | €6,174 | €4,296 | -€1,878 | -30.4% |
| Furniture and vehicles | 24 | €1,320 | €787 | -€532 | -40.3% |
| Financial fixed assets | 28 | €165,124 | €165,124 | = | 0.0% |
| Current assets | 29/58 | €38,580 | €44,735 | +€6,156 | +16.0% |
| Amounts receivable within one year | 40/41 | €33,698 | €25,839 | -€7,859 | -23.3% |
| Trade receivables | 40 | €4,902 | €4,323 | -€579 | -11.8% |
| Other amounts receivable | 41 | €28,796 | €21,516 | -€7,280 | -25.3% |
| Cash at bank and in hand | 54/58 | €1,330 | €396 | -€934 | -70.2% |
| Deferred charges and accrued income | 490/1 | €3,551 | €18,500 | +€14,949 | +421.0% |
| Total equity and liabilities | 10/49 | €211,198 | €214,943 | +€3,746 | +1.8% |
| Equity | 10/15 | €86,557 | €98,270 | +€11,713 | +13.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €56,000 | €68,000 | +€12,000 | +21.4% |
| Distributable reserves | 133 | €56,000 | €68,000 | +€12,000 | +21.4% |
| Profit (loss) carried forward | 14 | €557 | €270 | -€287 | -51.6% |
| Amounts payable | 17/49 | €124,641 | €116,674 | -€7,967 | -6.4% |
| Amounts payable after more than one year | 17 | - | €42,640 | +€42,640 | |
| Financial debts | 170/4 | - | €42,640 | +€42,640 | |
| Amounts payable within one year | 42/48 | €124,641 | €73,634 | -€51,006 | -40.9% |
| Current portion of amounts payable after more than one year | 42 | €1,306 | €11,257 | +€9,951 | +761.9% |
| Trade debts | 44 | €2,947 | €337 | -€2,610 | -88.6% |
| Suppliers | 440/4 | €2,947 | €337 | -€2,610 | -88.6% |
| Taxes, remuneration and social security | 45 | €1,743 | €2,826 | +€1,082 | +62.1% |
| Taxes | 450/3 | €1,743 | €2,826 | +€1,082 | +62.1% |
| Other amounts payable | 47/48 | €118,645 | €59,216 | -€59,429 | -50.1% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €200 | €51 | -€149 | -74.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,410 | €2,410 | = | 0.0% |
| Other operating charges | 640/8 | €749 | €794 | +€45 | +6.0% |
| Gross operating margin | 9900 | €22,380 | €24,659 | +€2,279 | +10.2% |
| Operating profit (loss) | 9901 | €19,021 | €21,404 | +€2,383 | +12.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,843 | €2,778 | -€65 | -2.3% |
| Recurring financial charges | 65 | €2,659 | €2,778 | +€119 | +4.5% |
| Non-recurring financial charges | 66B | €184 | - | -€184 | |
| Profit (loss) for the period before taxes | 9903 | €16,179 | €18,626 | +€2,447 | +15.1% |
| Income taxes | 67/77 | €2,630 | €6,913 | +€4,283 | +162.9% |
| Profit (loss) for the period | 9904 | €13,549 | €11,713 | -€1,836 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,549 | €11,713 | -€1,836 | -13.6% |
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 4 October 2026 via checked.be.