MAXIN Management: 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.
MAXIN Management
Largest movements
- Receivables after one year -€39,695
down €39,695 (-54.8%), from €72,484 to €32,789
- Receivables within one year +€16,171
up €16,171 (+151%), from €10,728 to €26,899
of which Trade receivables: +€16,418
- Current investments -€8,166
no longer reported in 2025 (was €8,166)
- Cash +€1,956
new in 2025: €1,956
mainly Receivables after one year (+€39,695) and Trade debts (+€16,486)
- Profit (loss) carried forward -€51,805
new in 2025: -€51,805
- Trade debts +€16,486
up €16,486 (+808%), from €2,040 to €18,526
- Tax, wage and social debts +€2,931
up €2,931 (+36.0%), from €8,152 to €11,083
- Short-term financial debts +€1,760
up €1,760 (+107%), from €1,651 to €3,411
- Gross operating margin -€82,812
down €82,812, from €33,370 to -€49,442
- Taxes -€8,236
down €8,236 (-97.0%), from €8,492 to €257
- Financial charges -€4,432
down €4,432 (-61.4%), from €7,217 to €2,786
- Other operating charges -€3,017
down €3,017 (-96.6%), from €3,123 to €106
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 | €92,488 | €61,861 | -€30,627 | -33.1% |
| Fixed assets | 21/28 | €986 | €216 | -€770 | -78.1% |
| Tangible fixed assets | 22/27 | €986 | €216 | -€770 | -78.1% |
| Furniture and vehicles | 24 | €986 | €216 | -€770 | -78.1% |
| Current assets | 29/58 | €91,502 | €61,645 | -€29,857 | -32.6% |
| Amounts receivable after more than one year | 29 | €72,484 | €32,789 | -€39,695 | -54.8% |
| Trade receivables | 290 | €72,484 | €32,789 | -€39,695 | -54.8% |
| Amounts receivable within one year | 40/41 | €10,728 | €26,899 | +€16,171 | +151% |
| Trade receivables | 40 | €10,368 | €26,787 | +€16,418 | +158% |
| Other amounts receivable | 41 | €360 | €112 | -€247 | -68.7% |
| Current investments | 50/53 | €8,166 | - | -€8,166 | |
| Cash at bank and in hand | 54/58 | - | €1,956 | +€1,956 | |
| Deferred charges and accrued income | 490/1 | €123 | - | -€123 | |
| Total equity and liabilities | 10/49 | €92,488 | €61,861 | -€30,627 | -33.1% |
| Equity | 10/15 | €68,291 | €16,486 | -€51,805 | -75.9% |
| Contributions | 10/11 | €14,168 | €14,168 | = | 0.0% |
| Reserves | 13 | €54,123 | €54,123 | = | 0.0% |
| Distributable reserves | 133 | €54,123 | €54,123 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€51,805 | -€51,805 | |
| Amounts payable | 17/49 | €24,197 | €45,375 | +€21,178 | +87.5% |
| Amounts payable within one year | 42/48 | €24,197 | €45,375 | +€21,178 | +87.5% |
| Financial debts | 43 | €1,651 | €3,411 | +€1,760 | +107% |
| Other loans | 439 | €1,651 | €3,411 | +€1,760 | +107% |
| Trade debts | 44 | €2,040 | €18,526 | +€16,486 | +808% |
| Suppliers | 440/4 | €2,040 | €18,526 | +€16,486 | +808% |
| Taxes, remuneration and social security | 45 | €8,152 | €11,083 | +€2,931 | +36.0% |
| Taxes | 450/3 | €8,152 | €11,083 | +€2,931 | +36.0% |
| Other amounts payable | 47/48 | €12,355 | €12,355 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €351 | - | -€351 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €770 | €770 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,123 | €106 | -€3,017 | -96.6% |
| Gross operating margin | 9900 | €33,370 | -€49,442 | -€82,812 | |
| Operating profit (loss) | 9901 | €29,126 | -€50,318 | -€79,444 | |
| Financial income | 75/76B | €1,859 | €1,556 | -€304 | -16.3% |
| Recurring financial income | 75 | €1,859 | €1,556 | -€304 | -16.3% |
| Financial charges | 65/66B | €7,217 | €2,786 | -€4,432 | -61.4% |
| Recurring financial charges | 65 | €7,217 | €2,786 | -€4,432 | -61.4% |
| Profit (loss) for the period before taxes | 9903 | €23,768 | -€51,548 | -€75,316 | |
| Income taxes | 67/77 | €8,492 | €257 | -€8,236 | -97.0% |
| Profit (loss) for the period | 9904 | €15,275 | -€51,805 | -€67,080 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,275 | -€51,805 | -€67,080 |
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 20 October 2026 via checked.be.