MAXIMUS: 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.
MAXIMUS
Largest movements
- Cash +€22,334
up €22,334 (+3971.2%), from €562 to €22,897
mainly Net result for the year (+€34,710) and Tax, wage and social debts (+€9,421)
- Receivables within one year +€18,519
up €18,519 (+7813.8%), from €237 to €18,756
of which Other amounts receivable: +€14,889
- Tangible fixed assets +€2,982
new in 2025: €2,982
- Profit (loss) carried forward +€19,354
no longer reported in 2025 (was -€19,354)
- Reserves +€15,356
new in 2025: €15,356
- Tax, wage and social debts +€9,421
new in 2025: €9,421
- Other debts -€3,772
no longer reported in 2025 (was €3,772)
- Trade debts +€3,476
up €3,476 (+251.5%), from €1,382 to €4,858
- Gross operating margin +€41,626
up €41,626 (+2256.8%), from €1,844 to €43,471
- Taxes +€7,777
new in 2025: €7,777
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 | €799 | €44,634 | +€43,835 | +5483.5% |
| Fixed assets | 21/28 | - | €2,982 | +€2,982 | |
| Tangible fixed assets | 22/27 | - | €2,982 | +€2,982 | |
| Furniture and vehicles | 24 | - | €2,982 | +€2,982 | |
| Current assets | 29/58 | €799 | €41,652 | +€40,853 | +5110.5% |
| Amounts receivable within one year | 40/41 | €237 | €18,756 | +€18,519 | +7813.8% |
| Trade receivables | 40 | - | €3,630 | +€3,630 | |
| Other amounts receivable | 41 | €237 | €15,126 | +€14,889 | +6282.2% |
| Cash at bank and in hand | 54/58 | €562 | €22,897 | +€22,334 | +3971.2% |
| Total equity and liabilities | 10/49 | €799 | €44,634 | +€43,835 | +5483.5% |
| Equity | 10/15 | -€4,354 | €30,356 | +€34,710 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | - | €15,356 | +€15,356 | |
| Distributable reserves | 133 | - | €15,356 | +€15,356 | |
| Profit (loss) carried forward | 14 | -€19,354 | - | +€19,354 | |
| Amounts payable | 17/49 | €5,153 | €14,279 | +€9,125 | +177.1% |
| Amounts payable within one year | 42/48 | €5,153 | €14,279 | +€9,125 | +177.1% |
| Trade debts | 44 | €1,382 | €4,858 | +€3,476 | +251.5% |
| Suppliers | 440/4 | €1,382 | €4,858 | +€3,476 | +251.5% |
| Taxes, remuneration and social security | 45 | - | €9,421 | +€9,421 | |
| Taxes | 450/3 | - | €9,421 | +€9,421 | |
| Other amounts payable | 47/48 | €3,772 | - | -€3,772 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €178 | +€178 | |
| Other operating charges | 640/8 | €665 | €684 | +€19 | +2.9% |
| Gross operating margin | 9900 | €1,844 | €43,471 | +€41,626 | +2256.8% |
| Operating profit (loss) | 9901 | €1,179 | €42,608 | +€41,429 | +3513.5% |
| Financial charges | 65/66B | €183 | €121 | -€62 | -33.7% |
| Recurring financial charges | 65 | €183 | €121 | -€62 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €996 | €42,487 | +€41,490 | +4164.1% |
| Income taxes | 67/77 | - | €7,777 | +€7,777 | |
| Profit (loss) for the period | 9904 | €996 | €34,710 | +€33,713 | +3383.5% |
| Profit (loss) for the period to be appropriated | 9905 | €996 | €34,710 | +€33,713 | +3383.5% |
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 7 October 2026 via checked.be.