MAXINNOSON: 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.
MAXINNOSON
Largest movements
- Cash +€50,069
up €50,069 (+1751.9%), from €2,858 to €52,926
mainly Net result for the year (+€36,978) and Receivables within one year (+€16,127)
- Receivables within one year -€16,127
down €16,127 (-37.2%), from €43,403 to €27,277
of which Trade receivables: -€16,127
- Deferred charges and accrued income +€2,136
up €2,136 (+50.5%), from €4,233 to €6,370
- Reserves +€37,000
up €37,000 (+125.4%), from €29,500 to €66,500
- Other debts -€7,858
down €7,858 (-83.5%), from €9,407 to €1,549
- Tax, wage and social debts +€6,527
up €6,527 (+98.2%), from €6,643 to €13,170
of which Taxes: +€4,767
- Gross operating margin +€13,502
up €13,502 (+31.4%), from €43,016 to €56,518
- Taxes +€2,633
up €2,633 (+21.0%), from €12,548 to €15,181
- Financial charges +€1,779
up €1,779 (+1304.6%), from €136 to €1,916
- Depreciation +€1,312
up €1,312 (+953.9%), from €138 to €1,449
- Other operating charges +€695
up €695 (+140.6%), from €494 to €1,189
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 | €55,812 | €92,175 | +€36,362 | +65.2% |
| Fixed assets | 21/28 | €5,318 | €5,602 | +€284 | +5.3% |
| Tangible fixed assets | 22/27 | €5,318 | €5,602 | +€284 | +5.3% |
| Furniture and vehicles | 24 | €5,318 | €5,602 | +€284 | +5.3% |
| Current assets | 29/58 | €50,495 | €86,573 | +€36,078 | +71.4% |
| Amounts receivable within one year | 40/41 | €43,403 | €27,277 | -€16,127 | -37.2% |
| Trade receivables | 40 | €41,943 | €25,816 | -€16,127 | -38.4% |
| Other amounts receivable | 41 | €1,461 | €1,461 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,858 | €52,926 | +€50,069 | +1751.9% |
| Deferred charges and accrued income | 490/1 | €4,233 | €6,370 | +€2,136 | +50.5% |
| Total equity and liabilities | 10/49 | €55,812 | €92,175 | +€36,362 | +65.2% |
| Equity | 10/15 | €37,270 | €74,867 | +€37,597 | +100.9% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €29,500 | €66,500 | +€37,000 | +125.4% |
| Distributable reserves | 133 | €29,500 | €66,500 | +€37,000 | +125.4% |
| Profit (loss) carried forward | 14 | €270 | €247 | -€22 | -8.3% |
| Investment grants | 15 | - | €620 | +€620 | |
| Amounts payable | 17/49 | €18,542 | €17,307 | -€1,235 | -6.7% |
| Amounts payable within one year | 42/48 | €18,531 | €17,281 | -€1,250 | -6.7% |
| Trade debts | 44 | €2,481 | €2,562 | +€82 | +3.3% |
| Suppliers | 440/4 | €2,481 | €2,562 | +€82 | +3.3% |
| Taxes, remuneration and social security | 45 | €6,643 | €13,170 | +€6,527 | +98.2% |
| Taxes | 450/3 | €6,643 | €11,410 | +€4,767 | +71.8% |
| Remuneration and social security | 454/9 | - | €1,760 | +€1,760 | |
| Other amounts payable | 47/48 | €9,407 | €1,549 | -€7,858 | -83.5% |
| Accrued charges and deferred income | 492/3 | €12 | €26 | +€15 | +125.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138 | €1,449 | +€1,312 | +953.9% |
| Other operating charges | 640/8 | €494 | €1,189 | +€695 | +140.6% |
| Gross operating margin | 9900 | €43,016 | €56,518 | +€13,502 | +31.4% |
| Operating profit (loss) | 9901 | €42,384 | €53,879 | +€11,496 | +27.1% |
| Financial income | 75/76B | €71 | €195 | +€124 | +176.2% |
| Recurring financial income | 75 | €71 | €195 | +€124 | +176.2% |
| Financial charges | 65/66B | €136 | €1,916 | +€1,779 | +1304.6% |
| Recurring financial charges | 65 | €136 | €1,916 | +€1,779 | +1304.6% |
| Profit (loss) for the period before taxes | 9903 | €42,318 | €52,158 | +€9,840 | +23.3% |
| Income taxes | 67/77 | €12,548 | €15,181 | +€2,633 | +21.0% |
| Profit (loss) for the period | 9904 | €29,770 | €36,978 | +€7,208 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,770 | €36,978 | +€7,208 | +24.2% |
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 2 October 2026 via checked.be.