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
- Cash -€40,995
down €40,995 (-68.3%), from €60,033 to €19,038
mainly Other debts (-€46,485) and Investment in fixed assets (net) (-€8,720)
- Tangible fixed assets +€5,098
up €5,098 (+14.7%), from €34,745 to €39,843
of which Land and buildings: +€6,061
- Other debts -€46,485
down €46,485 (-24.8%), from €187,188 to €140,702
- Reserves +€15,560
up €15,560 (+23.3%), from €66,858 to €82,418
- Tax, wage and social debts -€4,682
down €4,682 (-74.4%), from €6,291 to €1,608
- Gross operating margin -€6,821
down €6,821 (-16.2%), from €42,130 to €35,309
- Taxes -€2,409
down €2,409 (-22.9%), from €10,506 to €8,097
- Financial charges +€525
up €525 (+7.4%), from €7,117 to €7,642
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 | €310,907 | €275,280 | -€35,627 | -11.5% |
| Fixed assets | 21/28 | €245,115 | €250,213 | +€5,098 | +2.1% |
| Tangible fixed assets | 22/27 | €34,745 | €39,843 | +€5,098 | +14.7% |
| Land and buildings | 22 | €24,647 | €30,708 | +€6,061 | +24.6% |
| Plant, machinery and equipment | 23 | €5,511 | €4,396 | -€1,115 | -20.2% |
| Furniture and vehicles | 24 | €4,587 | €4,739 | +€152 | +3.3% |
| Financial fixed assets | 28 | €210,370 | €210,370 | = | 0.0% |
| Current assets | 29/58 | €65,792 | €25,066 | -€40,725 | -61.9% |
| Amounts receivable within one year | 40/41 | €5,759 | €6,029 | +€270 | +4.7% |
| Trade receivables | 40 | €5,748 | €5,748 | = | 0.0% |
| Other amounts receivable | 41 | €11 | €281 | +€270 | +2353.7% |
| Cash at bank and in hand | 54/58 | €60,033 | €19,038 | -€40,995 | -68.3% |
| Total equity and liabilities | 10/49 | €310,907 | €275,280 | -€35,627 | -11.5% |
| Equity | 10/15 | €116,858 | €132,418 | +€15,560 | +13.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €66,858 | €82,418 | +€15,560 | +23.3% |
| Distributable reserves | 133 | €66,858 | €82,418 | +€15,560 | +23.3% |
| Amounts payable | 17/49 | €194,049 | €142,862 | -€51,187 | -26.4% |
| Amounts payable within one year | 42/48 | €194,049 | €142,862 | -€51,187 | -26.4% |
| Trade debts | 44 | €570 | €551 | -€19 | -3.4% |
| Suppliers | 440/4 | €570 | €551 | -€19 | -3.4% |
| Taxes, remuneration and social security | 45 | €6,291 | €1,608 | -€4,682 | -74.4% |
| Taxes | 450/3 | €6,291 | €1,608 | -€4,682 | -74.4% |
| Other amounts payable | 47/48 | €187,188 | €140,702 | -€46,485 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,427 | €3,622 | +€196 | +5.7% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €42,130 | €35,309 | -€6,821 | -16.2% |
| Operating profit (loss) | 9901 | €38,319 | €31,299 | -€7,020 | -18.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €7,117 | €7,642 | +€525 | +7.4% |
| Recurring financial charges | 65 | €7,117 | €7,642 | +€525 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €31,202 | €23,657 | -€7,545 | -24.2% |
| Income taxes | 67/77 | €10,506 | €8,097 | -€2,409 | -22.9% |
| Profit (loss) for the period | 9904 | €20,696 | €15,560 | -€5,136 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,696 | €15,560 | -€5,136 | -24.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.