MAXIMIEL: 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.
MAXIMIEL
Largest movements
- Cash +€26,572
up €26,572 (+107%), from €24,746 to €51,318
mainly Net result for the year (+€34,540) and Other debts (+€11,676)
- Receivables within one year +€2,239
up €2,239 (+86.6%), from €2,584 to €4,823
of which Other amounts receivable: +€1,422
- Tangible fixed assets -€1,800
down €1,800 (-8.6%), from €20,831 to €19,031
of which Furniture and vehicles: -€1,511
- Profit (loss) carried forward +€22,540
up €22,540 (+91.9%), from €24,536 to €47,076
- Debts after one year -€12,342
no longer reported in 2025 (was €12,342)
- Other debts +€11,676
up €11,676 (+195%), from €6,000 to €17,676
- Tax, wage and social debts +€8,546
up €8,546 (+115%), from €7,431 to €15,977
of which Taxes: +€8,346
- Current portion of long-term debt -€3,884
no longer reported in 2025 (was €3,884)
- Gross operating margin +€8,805
up €8,805 (+19.6%), from €44,881 to €53,685
- Staff costs +€5,885
up €5,885 (+461%), from €1,277 to €7,162
- Financial charges -€844
down €844 (-37.7%), from €2,240 to €1,396
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 | €60,641 | €86,729 | +€26,088 | +43.0% |
| Fixed assets | 21/28 | €20,831 | €19,031 | -€1,800 | -8.6% |
| Tangible fixed assets | 22/27 | €20,831 | €19,031 | -€1,800 | -8.6% |
| Plant, machinery and equipment | 23 | €7,418 | €7,724 | +€306 | +4.1% |
| Furniture and vehicles | 24 | €8,049 | €6,538 | -€1,511 | -18.8% |
| Other tangible fixed assets | 26 | €5,364 | €4,769 | -€595 | -11.1% |
| Current assets | 29/58 | €39,810 | €67,698 | +€27,888 | +70.1% |
| Stocks and contracts in progress | 3 | €11,800 | €11,363 | -€437 | -3.7% |
| Stocks | 30/36 | €11,800 | €11,363 | -€437 | -3.7% |
| Amounts receivable within one year | 40/41 | €2,584 | €4,823 | +€2,239 | +86.6% |
| Trade receivables | 40 | €1,248 | €2,066 | +€817 | +65.5% |
| Other amounts receivable | 41 | €1,336 | €2,757 | +€1,422 | +106% |
| Cash at bank and in hand | 54/58 | €24,746 | €51,318 | +€26,572 | +107% |
| Deferred charges and accrued income | 490/1 | €680 | €195 | -€485 | -71.4% |
| Total equity and liabilities | 10/49 | €60,641 | €86,729 | +€26,088 | +43.0% |
| Equity | 10/15 | €27,536 | €50,076 | +€22,540 | +81.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,536 | €47,076 | +€22,540 | +91.9% |
| Amounts payable | 17/49 | €33,105 | €36,653 | +€3,549 | +10.7% |
| Amounts payable after more than one year | 17 | €12,342 | - | -€12,342 | |
| Financial debts | 170/4 | €12,342 | - | -€12,342 | |
| Amounts payable within one year | 42/48 | €17,763 | €33,653 | +€15,891 | +89.5% |
| Current portion of amounts payable after more than one year | 42 | €3,884 | - | -€3,884 | |
| Trade debts | 44 | €448 | - | -€448 | |
| Suppliers | 440/4 | €448 | - | -€448 | |
| Taxes, remuneration and social security | 45 | €7,431 | €15,977 | +€8,546 | +115% |
| Taxes | 450/3 | €6,031 | €14,377 | +€8,346 | +138% |
| Remuneration and social security | 454/9 | €1,400 | €1,600 | +€200 | +14.3% |
| Other amounts payable | 47/48 | €6,000 | €17,676 | +€11,676 | +195% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,277 | €7,162 | +€5,885 | +461% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,240 | €3,080 | -€160 | -4.9% |
| Other operating charges | 640/8 | €1,607 | €1,619 | +€12 | +0.7% |
| Gross operating margin | 9900 | €44,881 | €53,685 | +€8,805 | +19.6% |
| Operating profit (loss) | 9901 | €38,756 | €41,824 | +€3,068 | +7.9% |
| Financial income | 75/76B | €6 | €11 | +€5 | +88.1% |
| Recurring financial income | 75 | €6 | €11 | +€5 | +88.1% |
| Financial charges | 65/66B | €2,240 | €1,396 | -€844 | -37.7% |
| Recurring financial charges | 65 | €2,240 | €1,396 | -€844 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €36,521 | €40,438 | +€3,917 | +10.7% |
| Income taxes | 67/77 | €5,985 | €5,899 | -€86 | -1.4% |
| Profit (loss) for the period | 9904 | €30,536 | €34,540 | +€4,003 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,536 | €34,540 | +€4,003 | +13.1% |
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 29 October 2026 via checked.be.