MAXINVESTMENT: what changed
MAXINVESTMENT
Largest movements
- Receivables within one year -€37,185
down €37,185 (-98.7%), from €37,689 to €503
of which Trade receivables: -€32,982
- Cash -€11,066
down €11,066 (-49.5%), from €22,371 to €11,305
mainly Other debts (-€34,937) and Trade debts (-€7,651)
- Tangible fixed assets -€1,049
down €1,049 (-34.8%), from €3,013 to €1,964
- Other debts -€34,937
down €34,937 (-5.4%), from €647,174 to €612,236
- Trade debts -€7,651
down €7,651 (-91.8%), from €8,337 to €686
- Profit (loss) carried forward -€7,286
down €7,286 (-1.1%), from -€653,838 to -€661,123
- Gross operating margin -€32,022
down €32,022, from €26,429 to -€5,593
- Depreciation +€914
up €914 (+679%), from €135 to €1,049
- Financial charges +€455
up €455 (+1,198%), from €38 to €493
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,646 | €13,772 | -€49,874 | -78.4% |
| Fixed assets | 21/28 | €3,013 | €1,964 | -€1,049 | -34.8% |
| Tangible fixed assets | 22/27 | €3,013 | €1,964 | -€1,049 | -34.8% |
| Furniture and vehicles | 24 | €3,013 | €1,964 | -€1,049 | -34.8% |
| Current assets | 29/58 | €60,633 | €11,808 | -€48,825 | -80.5% |
| Amounts receivable within one year | 40/41 | €37,689 | €503 | -€37,185 | -98.7% |
| Trade receivables | 40 | €32,982 | - | -€32,982 | |
| Other amounts receivable | 41 | €4,707 | €503 | -€4,203 | -89.3% |
| Cash at bank and in hand | 54/58 | €22,371 | €11,305 | -€11,066 | -49.5% |
| Deferred charges and accrued income | 490/1 | €573 | - | -€573 | |
| Total equity and liabilities | 10/49 | €63,646 | €13,772 | -€49,874 | -78.4% |
| Equity | 10/15 | -€591,864 | -€599,150 | -€7,286 | -1.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€653,838 | -€661,123 | -€7,286 | -1.1% |
| Amounts payable | 17/49 | €655,510 | €612,922 | -€42,588 | -6.5% |
| Amounts payable within one year | 42/48 | €655,510 | €612,922 | -€42,588 | -6.5% |
| Trade debts | 44 | €8,337 | €686 | -€7,651 | -91.8% |
| Suppliers | 440/4 | €8,337 | €686 | -€7,651 | -91.8% |
| Other amounts payable | 47/48 | €647,174 | €612,236 | -€34,937 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135 | €1,049 | +€914 | +679% |
| Other operating charges | 640/8 | €387 | €150 | -€237 | -61.2% |
| Gross operating margin | 9900 | €26,429 | -€5,593 | -€32,022 | |
| Operating profit (loss) | 9901 | €25,907 | -€6,793 | -€32,699 | |
| Financial charges | 65/66B | €38 | €493 | +€455 | +1,198% |
| Recurring financial charges | 65 | €38 | €493 | +€455 | +1,198% |
| Profit (loss) for the period before taxes | 9903 | €25,869 | -€7,286 | -€33,155 | |
| Profit (loss) for the period | 9904 | €25,869 | -€7,286 | -€33,155 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,869 | -€7,286 | -€33,155 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.