MAXIME IMMO: 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.
What changed
MAXIME IMMO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€8,178
2024 · €5,997-€14,174
Equity
€88,411
2024 · €96,588-€8,178
Cash
€3,745
2024 · €332+€3,413
Balance sheet total
€568,403
2024 · €624,621-€56,218
Largest movements
Assets
- Tangible fixed assets -€50,890
down €50,890 (-8.7%), from €588,034 to €537,144
of which Leasing and similar rights: -€42,236
- Deferred charges and accrued income -€7,242
down €7,242 (-90.5%), from €8,000 to €758
Equity and liabilities
- Debts after one year -€50,674
down €50,674 (-12.8%), from €396,488 to €345,813
of which Financial debts: -€50,674
Income statement
- Gross operating margin -€14,544
down €14,544 (-13.9%), from €104,268 to €89,724
- Taxes -€3,754
down €3,754 (-99.7%), from €3,767 to €13
- Other operating charges +€3,254
up €3,254 (+15.7%), from €20,660 to €23,914
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.
Result 2024
€5,997
Gross operating margin
-€14,544
Depreciation
-€801
Other operating charges
-€3,254
Financial income
+€0
Financial charges
+€520
Taxes
+€3,754
Deferred taxes and other
+€150
Result 2025
-€8,178
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.
From operations
+€60,116
Investment
-€7,664
Financing
-€49,039
Cash 2024
€332
From operations (derived)
+€60,116
Net result for the year
-€8,178
Depreciation
+€58,553
Receivables within one year
+€1,500
Deferred charges and accrued income
+€7,242
Provisions
-€1,413
Trade debts
-€598
Tax, wage and social debts
+€8
Other debts
+€1,919
Accrued charges and deferred income
+€1,083
Investment (derived)
-€7,664
Investment in fixed assets (net)
-€7,664
Financing
-€49,039
Debts after one year
-€50,674
Current portion of long-term debt
+€1,635
Cash 2025
€3,745
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €624,621 | €568,403 | -€56,218 | -9.0% |
| Fixed assets | 21/28 | €589,725 | €538,835 | -€50,890 | -8.6% |
| Tangible fixed assets | 22/27 | €588,034 | €537,144 | -€50,890 | -8.7% |
| Land and buildings | 22 | €245,968 | €237,314 | -€8,654 | -3.5% |
| Leasing and similar rights | 25 | €342,066 | €299,830 | -€42,236 | -12.3% |
| Financial fixed assets | 28 | €1,691 | €1,691 | = | 0.0% |
| Current assets | 29/58 | €34,896 | €29,568 | -€5,328 | -15.3% |
| Amounts receivable within one year | 40/41 | €26,565 | €25,065 | -€1,500 | -5.6% |
| Trade receivables | 40 | €26,565 | €25,065 | -€1,500 | -5.6% |
| Cash at bank and in hand | 54/58 | €332 | €3,745 | +€3,413 | +1028.6% |
| Deferred charges and accrued income | 490/1 | €8,000 | €758 | -€7,242 | -90.5% |
| Total equity and liabilities | 10/49 | €624,621 | €568,403 | -€56,218 | -9.0% |
| Equity | 10/15 | €96,588 | €88,411 | -€8,178 | -8.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €71,692 | €67,453 | -€4,238 | -5.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,032 | €32,794 | -€4,238 | -11.4% |
| Distributable reserves | 133 | €32,800 | €32,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,305 | €2,365 | -€3,939 | -62.5% |
| Provisions and deferred taxes | 16 | €12,344 | €10,931 | -€1,413 | -11.4% |
| Deferred taxes | 168 | €12,344 | €10,931 | -€1,413 | -11.4% |
| Amounts payable | 17/49 | €515,689 | €469,061 | -€46,628 | -9.0% |
| Amounts payable after more than one year | 17 | €396,488 | €345,813 | -€50,674 | -12.8% |
| Financial debts | 170/4 | €386,488 | €335,813 | -€50,674 | -13.1% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €119,201 | €122,165 | +€2,964 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €49,039 | €50,674 | +€1,635 | +3.3% |
| Trade debts | 44 | €10,688 | €10,089 | -€598 | -5.6% |
| Suppliers | 440/4 | €10,688 | €10,089 | -€598 | -5.6% |
| Taxes, remuneration and social security | 45 | €2,512 | €2,520 | +€8 | +0.3% |
| Taxes | 450/3 | €2,512 | €2,520 | +€8 | +0.3% |
| Other amounts payable | 47/48 | €56,963 | €58,882 | +€1,919 | +3.4% |
| Accrued charges and deferred income | 492/3 | - | €1,083 | +€1,083 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,752 | €58,553 | +€801 | +1.4% |
| Other operating charges | 640/8 | €20,660 | €23,914 | +€3,254 | +15.7% |
| Gross operating margin | 9900 | €104,268 | €89,724 | -€14,544 | -13.9% |
| Operating profit (loss) | 9901 | €25,855 | €7,257 | -€18,599 | -71.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €17,354 | €16,835 | -€520 | -3.0% |
| Recurring financial charges | 65 | €17,354 | €16,835 | -€520 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €8,501 | -€9,578 | -€18,079 | |
| Transfer from deferred taxes | 780 | €1,262 | €1,413 | +€150 | +11.9% |
| Income taxes | 67/77 | €3,767 | €13 | -€3,754 | -99.7% |
| Profit (loss) for the period | 9904 | €5,997 | -€8,178 | -€14,174 | |
| Transfer from tax-exempt reserves | 789 | €3,787 | €4,238 | +€451 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,784 | -€3,939 | -€13,723 |
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 29 September 2026 via checked.be.