MAXINISE: 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.
MAXINISE
Largest movements
- Receivables within one year -€21,759
down €21,759 (-43.0%), from €50,586 to €28,827
of which Trade receivables: -€14,353
- Tangible fixed assets -€7,452
down €7,452 (-31.9%), from €23,398 to €15,945
of which Land and buildings: -€5,330
- Cash +€4,155
up €4,155 (+70.5%), from €5,889 to €10,044
mainly Net result for the year (+€29,271) and Receivables within one year (+€21,759)
- Stocks and contracts +€2,384
new in 2026: €2,384
- Deferred charges and accrued income +€1,098
up €1,098 (+107.0%), from €1,026 to €2,124
- Trade debts -€22,833
down €22,833 (-82.7%), from €27,612 to €4,779
- Profit (loss) carried forward -€18,542
down €18,542 (-40.0%), from €46,349 to €27,808
- Tax, wage and social debts +€15,313
up €15,313 (+306.0%), from €5,004 to €20,316
of which Taxes: +€12,934
- Other debts +€4,527
new in 2026: €4,527
- Current portion of long-term debt -€972
down €972 (-100.0%), from €972 to €0
- Gross operating margin +€57,302
up €57,302 (+391.2%), from €14,649 to €71,951
- Staff costs +€15,679
up €15,679 (+484.8%), from €3,234 to €18,913
- Taxes +€8,974
up €8,974 (+891.2%), from €1,007 to €9,980
- Other operating charges -€1,377
down €1,377 (-37.2%), from €3,696 to €2,320
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €83,291 | €60,738 | -€22,554 | -27.1% |
| Fixed assets | 21/28 | €25,790 | €17,360 | -€8,431 | -32.7% |
| Intangible fixed assets | 21 | €2,393 | €1,414 | -€978 | -40.9% |
| Tangible fixed assets | 22/27 | €23,398 | €15,945 | -€7,452 | -31.9% |
| Land and buildings | 22 | €5,330 | €0 | -€5,330 | -100.0% |
| Plant, machinery and equipment | 23 | €445 | €1,066 | +€621 | +139.7% |
| Furniture and vehicles | 24 | €2,114 | €1,368 | -€746 | -35.3% |
| Other tangible fixed assets | 26 | €15,509 | €13,511 | -€1,998 | -12.9% |
| Current assets | 29/58 | €57,501 | €43,378 | -€14,123 | -24.6% |
| Stocks and contracts in progress | 3 | - | €2,384 | +€2,384 | |
| Stocks | 30/36 | - | €2,384 | +€2,384 | |
| Amounts receivable within one year | 40/41 | €50,586 | €28,827 | -€21,759 | -43.0% |
| Trade receivables | 40 | €42,973 | €28,620 | -€14,353 | -33.4% |
| Other amounts receivable | 41 | €7,613 | €207 | -€7,406 | -97.3% |
| Cash at bank and in hand | 54/58 | €5,889 | €10,044 | +€4,155 | +70.5% |
| Deferred charges and accrued income | 490/1 | €1,026 | €2,124 | +€1,098 | +107.0% |
| Total equity and liabilities | 10/49 | €83,291 | €60,738 | -€22,554 | -27.1% |
| Equity | 10/15 | €48,349 | €29,808 | -€18,542 | -38.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,349 | €27,808 | -€18,542 | -40.0% |
| Amounts payable | 17/49 | €34,942 | €30,930 | -€4,012 | -11.5% |
| Amounts payable after more than one year | 17 | €1,307 | €1,307 | = | 0.0% |
| Financial debts | 170/4 | €1,307 | €1,307 | = | 0.0% |
| Amounts payable within one year | 42/48 | €33,587 | €29,623 | -€3,965 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €972 | €0 | -€972 | -100.0% |
| Trade debts | 44 | €27,612 | €4,779 | -€22,833 | -82.7% |
| Suppliers | 440/4 | €27,612 | €4,779 | -€22,833 | -82.7% |
| Taxes, remuneration and social security | 45 | €5,004 | €20,316 | +€15,313 | +306.0% |
| Taxes | 450/3 | €5,004 | €17,938 | +€12,934 | +258.5% |
| Remuneration and social security | 454/9 | - | €2,379 | +€2,379 | |
| Other amounts payable | 47/48 | - | €4,527 | +€4,527 | |
| Accrued charges and deferred income | 492/3 | €47 | €0 | -€47 | -100.0% |
| Remuneration, social security and pensions | 62 | €3,234 | €18,913 | +€15,679 | +484.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,341 | €6,217 | -€123 | -1.9% |
| Other operating charges | 640/8 | €3,696 | €2,320 | -€1,377 | -37.2% |
| Non-recurring operating charges | 66A | €366 | €5,330 | +€4,964 | +1356.5% |
| Gross operating margin | 9900 | €14,649 | €71,951 | +€57,302 | +391.2% |
| Operating profit (loss) | 9901 | €1,012 | €39,171 | +€38,159 | +3769.6% |
| Financial income | 75/76B | €0 | €621 | +€621 | +3103300.0% |
| Recurring financial income | 75 | €0 | €621 | +€621 | +3103300.0% |
| Financial charges | 65/66B | €291 | €540 | +€250 | +85.8% |
| Recurring financial charges | 65 | €291 | €540 | +€250 | +85.8% |
| Profit (loss) for the period before taxes | 9903 | €721 | €39,252 | +€38,530 | +5340.7% |
| Income taxes | 67/77 | €1,007 | €9,980 | +€8,974 | +891.2% |
| Profit (loss) for the period | 9904 | -€285 | €29,271 | +€29,557 | |
| Profit (loss) for the period to be appropriated | 9905 | -€285 | €29,271 | +€29,557 |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.