MAXIMIZE: 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.
MAXIMIZE
Largest movements
- Receivables within one year +€6,630
up €6,630 (+497.8%), from €1,332 to €7,962
- Cash +€2,976
up €2,976 (+847.7%), from €351 to €3,328
mainly Net result for the year (+€21,706) and Tax, wage and social debts (+€7,794)
- Profit (loss) carried forward +€21,706
up €21,706 (+30.9%), from -€70,235 to -€48,529
- Other debts -€21,225
down €21,225 (-34.6%), from €61,351 to €40,126
- Tax, wage and social debts +€7,794
up €7,794 (+73.3%), from €10,635 to €18,430
- Trade debts +€1,319
up €1,319 (+136.4%), from €967 to €2,287
- Gross operating margin -€2,484
down €2,484 (-7.6%), from €32,834 to €30,350
- Taxes -€441
down €441 (-5.0%), from €8,820 to €8,379
- Depreciation -€340
down €340 (-100.0%), from €340 to €0
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 | €10,470 | €20,065 | +€9,595 | +91.6% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €10,470 | €20,065 | +€9,595 | +91.6% |
| Stocks and contracts in progress | 3 | €8,767 | €8,767 | = | 0.0% |
| Stocks | 30/36 | €8,767 | €8,767 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,332 | €7,962 | +€6,630 | +497.8% |
| Trade receivables | 40 | €1,332 | €7,962 | +€6,630 | +497.8% |
| Cash at bank and in hand | 54/58 | €351 | €3,328 | +€2,976 | +847.7% |
| Deferred charges and accrued income | 490/1 | €19 | €8 | -€12 | -59.6% |
| Total equity and liabilities | 10/49 | €10,470 | €20,065 | +€9,595 | +91.6% |
| Equity | 10/15 | -€62,484 | -€40,778 | +€21,706 | +34.7% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €1,546 | €1,546 | = | 0.0% |
| Distributable reserves | 133 | €1,546 | €1,546 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,235 | -€48,529 | +€21,706 | +30.9% |
| Amounts payable | 17/49 | €72,954 | €60,843 | -€12,111 | -16.6% |
| Amounts payable within one year | 42/48 | €72,954 | €60,843 | -€12,111 | -16.6% |
| Trade debts | 44 | €967 | €2,287 | +€1,319 | +136.4% |
| Suppliers | 440/4 | €967 | €2,287 | +€1,319 | +136.4% |
| Taxes, remuneration and social security | 45 | €10,635 | €18,430 | +€7,794 | +73.3% |
| Taxes | 450/3 | €10,635 | €18,430 | +€7,794 | +73.3% |
| Other amounts payable | 47/48 | €61,351 | €40,126 | -€21,225 | -34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €340 | €0 | -€340 | -100.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €32,834 | €30,350 | -€2,484 | -7.6% |
| Operating profit (loss) | 9901 | €32,377 | €30,230 | -€2,146 | -6.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €89 | €145 | +€56 | +62.9% |
| Recurring financial charges | 65 | €89 | €145 | +€56 | +62.9% |
| Profit (loss) for the period before taxes | 9903 | €32,287 | €30,085 | -€2,202 | -6.8% |
| Income taxes | 67/77 | €8,820 | €8,379 | -€441 | -5.0% |
| Profit (loss) for the period | 9904 | €23,467 | €21,706 | -€1,761 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,467 | €21,706 | -€1,761 | -7.5% |
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.