MAXIMUM: 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.
MAXIMUM
Largest movements
- Receivables within one year +€6,850
up €6,850 (+40.3%), from €17,009 to €23,859
of which Other amounts receivable: +€5,322
- Deferred charges and accrued income -€4,111
down €4,111 (-75.2%), from €5,470 to €1,359
- Cash -€3,539
down €3,539 (-3.5%), from €102,540 to €99,001
mainly Receivables within one year (-€6,850) and Net result for the year (-€4,055)
- Profit (loss) carried forward -€4,055
new in 2025: -€4,055
- Tax, wage and social debts +€2,058
up €2,058 (+26.7%), from €7,717 to €9,775
- Gross operating margin -€9,834
down €9,834, from €9,787 to -€47
- Taxes -€1,672
down €1,672 (-68.3%), from €2,447 to €775
- Financial charges -€507
down €507 (-45.6%), from €1,112 to €605
- Depreciation -€306
down €306 (-15.5%), from €1,978 to €1,672
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 | €127,912 | €126,268 | -€1,643 | -1.3% |
| Fixed assets | 21/28 | €2,892 | €2,050 | -€842 | -29.1% |
| Tangible fixed assets | 22/27 | €2,892 | €2,050 | -€842 | -29.1% |
| Furniture and vehicles | 24 | €2,892 | €2,050 | -€842 | -29.1% |
| Current assets | 29/58 | €125,019 | €124,218 | -€801 | -0.6% |
| Amounts receivable within one year | 40/41 | €17,009 | €23,859 | +€6,850 | +40.3% |
| Trade receivables | 40 | €6,059 | €7,586 | +€1,527 | +25.2% |
| Other amounts receivable | 41 | €10,950 | €16,273 | +€5,322 | +48.6% |
| Cash at bank and in hand | 54/58 | €102,540 | €99,001 | -€3,539 | -3.5% |
| Deferred charges and accrued income | 490/1 | €5,470 | €1,359 | -€4,111 | -75.2% |
| Total equity and liabilities | 10/49 | €127,912 | €126,268 | -€1,643 | -1.3% |
| Equity | 10/15 | €119,662 | €115,607 | -€4,055 | -3.4% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €100,912 | €100,912 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €99,037 | €99,037 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,055 | -€4,055 | |
| Amounts payable | 17/49 | €8,249 | €10,662 | +€2,412 | +29.2% |
| Amounts payable within one year | 42/48 | €8,249 | €10,662 | +€2,412 | +29.2% |
| Trade debts | 44 | €533 | €887 | +€354 | +66.4% |
| Suppliers | 440/4 | €533 | €887 | +€354 | +66.4% |
| Taxes, remuneration and social security | 45 | €7,717 | €9,775 | +€2,058 | +26.7% |
| Taxes | 450/3 | €7,717 | €9,775 | +€2,058 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,978 | €1,672 | -€306 | -15.5% |
| Other operating charges | 640/8 | €934 | €956 | +€22 | +2.4% |
| Gross operating margin | 9900 | €9,787 | -€47 | -€9,834 | |
| Operating profit (loss) | 9901 | €6,875 | -€2,676 | -€9,551 | |
| Financial charges | 65/66B | €1,112 | €605 | -€507 | -45.6% |
| Recurring financial charges | 65 | €1,112 | €605 | -€507 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €5,763 | -€3,280 | -€9,043 | |
| Income taxes | 67/77 | €2,447 | €775 | -€1,672 | -68.3% |
| Profit (loss) for the period | 9904 | €3,315 | -€4,055 | -€7,371 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,315 | -€4,055 | -€7,371 |
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 10 October 2026 via checked.be.