MAXIMMO: 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.
MAXIMMO
Largest movements
- Tangible fixed assets -€17,526
down €17,526 (-3.6%), from €483,727 to €466,201
- Debts after one year -€12,908
down €12,908 (-3.1%), from €410,717 to €397,809
- Reserves -€7,826
down €7,826 (-7.1%), from €110,754 to €102,928
of which Tax-exempt reserves: -€7,826
- Other debts +€6,890
up €6,890 (+6.1%), from €112,069 to €118,959
- Gross operating margin +€4,896
up €4,896 (+54.2%), from €9,034 to €13,931
- Other operating charges +€3,444
up €3,444 (+158%), from €2,181 to €5,625
- Financial charges -€303
down €303 (-10.7%), from €2,824 to €2,521
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 | €485,643 | €467,583 | -€18,060 | -3.7% |
| Fixed assets | 21/28 | €483,727 | €466,201 | -€17,526 | -3.6% |
| Tangible fixed assets | 22/27 | €483,727 | €466,201 | -€17,526 | -3.6% |
| Land and buildings | 22 | €483,727 | €466,201 | -€17,526 | -3.6% |
| Current assets | 29/58 | €1,915 | €1,381 | -€534 | -27.9% |
| Cash at bank and in hand | 54/58 | €1,915 | €1,381 | -€534 | -27.9% |
| Total equity and liabilities | 10/49 | €485,643 | €467,583 | -€18,060 | -3.7% |
| Equity | 10/15 | -€89,991 | -€99,122 | -€9,131 | -10.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €110,754 | €102,928 | -€7,826 | -7.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €104,556 | €96,730 | -€7,826 | -7.5% |
| Profit (loss) carried forward | 14 | -€262,718 | -€264,023 | -€1,305 | -0.5% |
| Provisions and deferred taxes | 16 | €34,852 | €32,243 | -€2,609 | -7.5% |
| Deferred taxes | 168 | €34,852 | €32,243 | -€2,609 | -7.5% |
| Amounts payable | 17/49 | €540,781 | €534,461 | -€6,320 | -1.2% |
| Amounts payable after more than one year | 17 | €410,717 | €397,809 | -€12,908 | -3.1% |
| Financial debts | 170/4 | €410,717 | €397,809 | -€12,908 | -3.1% |
| Amounts payable within one year | 42/48 | €130,064 | €135,638 | +€5,574 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €12,690 | €12,908 | +€217 | +1.7% |
| Trade debts | 44 | €5,304 | €3,771 | -€1,533 | -28.9% |
| Suppliers | 440/4 | €5,304 | €3,771 | -€1,533 | -28.9% |
| Other amounts payable | 47/48 | €112,069 | €118,959 | +€6,890 | +6.1% |
| Accrued charges and deferred income | 492/3 | - | €1,014 | +€1,014 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,526 | €17,526 | = | 0.0% |
| Other operating charges | 640/8 | €2,181 | €5,625 | +€3,444 | +158% |
| Gross operating margin | 9900 | €9,034 | €13,931 | +€4,896 | +54.2% |
| Operating profit (loss) | 9901 | -€10,672 | -€9,220 | +€1,452 | +13.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | +2,567% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2,567% |
| Financial charges | 65/66B | €2,824 | €2,521 | -€303 | -10.7% |
| Recurring financial charges | 65 | €2,824 | €2,521 | -€303 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,496 | -€11,740 | +€1,756 | +13.0% |
| Transfer from deferred taxes | 780 | €2,609 | €2,609 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€10,887 | -€9,131 | +€1,756 | +16.1% |
| Transfer from tax-exempt reserves | 789 | €7,826 | €7,826 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,061 | -€1,305 | +€1,756 | +57.4% |
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 14 October 2026 via checked.be.