Maximo: 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.
Maximo
Largest movements
- Receivables within one year -€31,666
down €31,666 (-65.5%), from €48,316 to €16,649
of which Other amounts receivable: -€20,000
- Deferred charges and accrued income +€15,608
up €15,608 (+854%), from €1,827 to €17,435
- Tangible fixed assets +€12,783
up €12,783 (+1.2%), from €1.0m to €1.0m
of which Furniture and vehicles: +€32,215
- Debts after one year -€41,927
down €41,927 (-5.8%), from €718,044 to €676,117
- Reserves +€41,651
up €41,651 (+27.6%), from €150,807 to €192,458
of which Distributable reserves: +€42,207
- Other debts -€27,482
down €27,482 (-29.3%), from €93,844 to €66,363
- Profit (loss) carried forward +€14,714
up €14,714 (+35.3%), from €41,651 to €56,365
- Tax, wage and social debts +€13,404
up €13,404 (+552%), from €2,429 to €15,832
- Gross operating margin +€31,592
up €31,592 (+26.6%), from €118,937 to €150,528
- Taxes +€12,331
up €12,331 (+127%), from €9,702 to €22,033
- Depreciation +€8,244
up €8,244 (+27.9%), from €29,513 to €37,757
- Financial charges -€4,140
down €4,140 (-11.9%), from €34,799 to €30,659
of which Financial charges: -€2,592
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 | €1,092,169 | €1,091,571 | -€598 | -0.1% |
| Fixed assets | 21/28 | €1,026,000 | €1,038,783 | +€12,783 | +1.2% |
| Tangible fixed assets | 22/27 | €1,026,000 | €1,038,783 | +€12,783 | +1.2% |
| Land and buildings | 22 | €1,012,400 | €993,148 | -€19,252 | -1.9% |
| Plant, machinery and equipment | 23 | €785 | €605 | -€180 | -22.9% |
| Furniture and vehicles | 24 | €12,815 | €45,030 | +€32,215 | +251% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €66,169 | €52,788 | -€13,381 | -20.2% |
| Amounts receivable within one year | 40/41 | €48,316 | €16,649 | -€31,666 | -65.5% |
| Trade receivables | 40 | €23,018 | €11,352 | -€11,666 | -50.7% |
| Other amounts receivable | 41 | €25,298 | €5,298 | -€20,000 | -79.1% |
| Cash at bank and in hand | 54/58 | €16,026 | €18,703 | +€2,677 | +16.7% |
| Deferred charges and accrued income | 490/1 | €1,827 | €17,435 | +€15,608 | +854% |
| Total equity and liabilities | 10/49 | €1,092,169 | €1,091,571 | -€598 | -0.1% |
| Equity | 10/15 | €222,458 | €278,824 | +€56,365 | +25.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €150,807 | €192,458 | +€41,651 | +27.6% |
| Non-distributable reserves | 130/1 | €557 | €0 | -€557 | -100% |
| Reserves not available under the articles | 1311 | €557 | €0 | -€557 | -100% |
| Distributable reserves | 133 | €150,251 | €192,458 | +€42,207 | +28.1% |
| Profit (loss) carried forward | 14 | €41,651 | €56,365 | +€14,714 | +35.3% |
| Amounts payable | 17/49 | €869,711 | €812,747 | -€56,963 | -6.5% |
| Amounts payable after more than one year | 17 | €718,044 | €676,117 | -€41,927 | -5.8% |
| Financial debts | 170/4 | €718,044 | €676,117 | -€41,927 | -5.8% |
| Amounts payable within one year | 42/48 | €141,985 | €128,975 | -€13,009 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €40,811 | €41,927 | +€1,116 | +2.7% |
| Trade debts | 44 | €4,901 | €4,853 | -€48 | -1.0% |
| Suppliers | 440/4 | €4,901 | €4,853 | -€48 | -1.0% |
| Taxes, remuneration and social security | 45 | €2,429 | €15,832 | +€13,404 | +552% |
| Taxes | 450/3 | €2,429 | €15,832 | +€13,404 | +552% |
| Other amounts payable | 47/48 | €93,844 | €66,363 | -€27,482 | -29.3% |
| Accrued charges and deferred income | 492/3 | €9,682 | €7,655 | -€2,027 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,513 | €37,757 | +€8,244 | +27.9% |
| Other operating charges | 640/8 | €3,272 | €3,715 | +€443 | +13.5% |
| Gross operating margin | 9900 | €118,937 | €150,528 | +€31,592 | +26.6% |
| Operating profit (loss) | 9901 | €86,152 | €109,057 | +€22,905 | +26.6% |
| Financial charges | 65/66B | €34,799 | €30,659 | -€4,140 | -11.9% |
| Recurring financial charges | 65 | €33,251 | €30,659 | -€2,592 | -7.8% |
| Non-recurring financial charges | 66B | €1,548 | €0 | -€1,548 | -100% |
| Profit (loss) for the period before taxes | 9903 | €51,353 | €78,398 | +€27,045 | +52.7% |
| Income taxes | 67/77 | €9,702 | €22,033 | +€12,331 | +127% |
| Profit (loss) for the period | 9904 | €41,651 | €56,365 | +€14,714 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,651 | €56,365 | +€14,714 | +35.3% |
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.