MAXIMILLI: what changed
MAXIMILLI
Largest movements
- Cash -€77,428
down €77,428 (-87.6%), from €88,409 to €10,981
mainly Contributions, distributions and other (-€75,294) and Current investments (-€40,000)
- Financial fixed assets -€40,000
no longer reported in 2025 (was €40,000)
- Current investments +€40,000
new in 2025: €40,000
- Tangible fixed assets +€22,316
up €22,316, from €0 to €22,316
of which Furniture and vehicles: +€22,316
- Receivables within one year +€13,137
up €13,137 (+157%), from €8,343 to €21,480
of which Trade receivables: +€11,909
- Profit (loss) carried forward -€47,935
down €47,935 (-37.4%), from €128,068 to €80,133
- Tax, wage and social debts +€5,053
up €5,053 (+77.4%), from €6,529 to €11,583
of which Remuneration and social security: +€4,500
- Trade debts +€1,807
up €1,807 (+126%), from €1,432 to €3,239
- Gross operating margin +€8,584
up €8,584 (+25.9%), from €33,206 to €41,790
- Depreciation +€4,944
up €4,944, from €0 to €4,944
- Other operating charges +€1,608
up €1,608 (+267%), from €601 to €2,209
- Taxes +€1,277
up €1,277 (+19.2%), from €6,654 to €7,931
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,171 | €95,054 | -€42,117 | -30.7% |
| Fixed assets | 21/28 | €40,000 | €22,316 | -€17,684 | -44.2% |
| Tangible fixed assets | 22/27 | €0 | €22,316 | +€22,316 | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | - | €22,316 | +€22,316 | |
| Financial fixed assets | 28 | €40,000 | - | -€40,000 | |
| Current assets | 29/58 | €97,171 | €72,739 | -€24,432 | -25.1% |
| Amounts receivable within one year | 40/41 | €8,343 | €21,480 | +€13,137 | +157% |
| Trade receivables | 40 | €8,318 | €20,227 | +€11,909 | +143% |
| Other amounts receivable | 41 | €25 | €1,253 | +€1,228 | +4,914% |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €88,409 | €10,981 | -€77,428 | -87.6% |
| Deferred charges and accrued income | 490/1 | €419 | €277 | -€142 | -33.8% |
| Total equity and liabilities | 10/49 | €137,171 | €95,054 | -€42,117 | -30.7% |
| Equity | 10/15 | €128,168 | €80,233 | -€47,935 | -37.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,068 | €80,133 | -€47,935 | -37.4% |
| Amounts payable | 17/49 | €9,003 | €14,822 | +€5,818 | +64.6% |
| Amounts payable within one year | 42/48 | €7,962 | €14,822 | +€6,860 | +86.2% |
| Trade debts | 44 | €1,432 | €3,239 | +€1,807 | +126% |
| Suppliers | 440/4 | €1,432 | €3,239 | +€1,807 | +126% |
| Taxes, remuneration and social security | 45 | €6,529 | €11,583 | +€5,053 | +77.4% |
| Taxes | 450/3 | €6,529 | €7,083 | +€553 | +8.5% |
| Remuneration and social security | 454/9 | - | €4,500 | +€4,500 | |
| Accrued charges and deferred income | 492/3 | €1,042 | €0 | -€1,042 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €4,944 | +€4,944 | |
| Other operating charges | 640/8 | €601 | €2,209 | +€1,608 | +267% |
| Non-recurring operating charges | 66A | €387 | €0 | -€387 | -100% |
| Gross operating margin | 9900 | €33,206 | €41,790 | +€8,584 | +25.9% |
| Operating profit (loss) | 9901 | €32,218 | €34,637 | +€2,419 | +7.5% |
| Financial income | 75/76B | €1,157 | €821 | -€336 | -29.0% |
| Recurring financial income | 75 | €1,157 | €821 | -€336 | -29.0% |
| Financial charges | 65/66B | €103 | €167 | +€64 | +62.1% |
| Recurring financial charges | 65 | €103 | €167 | +€64 | +62.1% |
| Profit (loss) for the period before taxes | 9903 | €33,271 | €35,290 | +€2,019 | +6.1% |
| Income taxes | 67/77 | €6,654 | €7,931 | +€1,277 | +19.2% |
| Profit (loss) for the period | 9904 | €26,617 | €27,359 | +€742 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,617 | €27,359 | +€742 | +2.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.