MAXITUDE: 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.
MAXITUDE
Largest movements
- Tangible fixed assets -€56,106
down €56,106 (-10.0%), from €559,428 to €503,323
of which Furniture and vehicles: -€29,858
- Cash +€21,957
up €21,957 (+153.8%), from €14,276 to €36,233
mainly Depreciation (+€64,780) and Other debts (+€50,019)
- Receivables within one year +€7,497
up €7,497 (+21.4%), from €35,054 to €42,552
of which Other amounts receivable: +€8,399
- Debts after one year -€69,011
down €69,011 (-21.3%), from €324,287 to €255,276
- Other debts +€50,019
up €50,019 (+255.5%), from €19,578 to €69,597
- Tax, wage and social debts -€23,657
down €23,657 (-65.2%), from €36,283 to €12,626
- Trade debts +€16,241
up €16,241 (+579.0%), from €2,805 to €19,045
- Financial charges +€2,352
up €2,352 (+22.3%), from €10,542 to €12,893
- Taxes -€1,420
down €1,420 (-10.1%), from €14,021 to €12,601
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 | €608,758 | €582,107 | -€26,651 | -4.4% |
| Fixed assets | 21/28 | €559,428 | €503,323 | -€56,106 | -10.0% |
| Tangible fixed assets | 22/27 | €559,428 | €503,323 | -€56,106 | -10.0% |
| Land and buildings | 22 | €440,934 | €419,179 | -€21,754 | -4.9% |
| Plant, machinery and equipment | 23 | €11,243 | €6,750 | -€4,494 | -40.0% |
| Furniture and vehicles | 24 | €107,251 | €77,393 | -€29,858 | -27.8% |
| Current assets | 29/58 | €49,330 | €78,785 | +€29,455 | +59.7% |
| Amounts receivable within one year | 40/41 | €35,054 | €42,552 | +€7,497 | +21.4% |
| Trade receivables | 40 | €1,373 | €472 | -€901 | -65.6% |
| Other amounts receivable | 41 | €33,681 | €42,080 | +€8,399 | +24.9% |
| Cash at bank and in hand | 54/58 | €14,276 | €36,233 | +€21,957 | +153.8% |
| Total equity and liabilities | 10/49 | €608,758 | €582,107 | -€26,651 | -4.4% |
| Equity | 10/15 | €178,846 | €177,079 | -€1,767 | -1.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €173,846 | €172,079 | -€1,767 | -1.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Legal reserve | 130 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €173,346 | €171,579 | -€1,767 | -1.0% |
| Amounts payable | 17/49 | €429,912 | €405,028 | -€24,884 | -5.8% |
| Amounts payable after more than one year | 17 | €324,287 | €255,276 | -€69,011 | -21.3% |
| Financial debts | 170/4 | €324,287 | €255,276 | -€69,011 | -21.3% |
| Amounts payable within one year | 42/48 | €105,626 | €149,753 | +€44,127 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | €46,960 | €48,484 | +€1,524 | +3.2% |
| Trade debts | 44 | €2,805 | €19,045 | +€16,241 | +579.0% |
| Suppliers | 440/4 | €2,805 | €19,045 | +€16,241 | +579.0% |
| Taxes, remuneration and social security | 45 | €36,283 | €12,626 | -€23,657 | -65.2% |
| Taxes | 450/3 | €36,283 | €12,626 | -€23,657 | -65.2% |
| Other amounts payable | 47/48 | €19,578 | €69,597 | +€50,019 | +255.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,482 | €64,780 | +€1,298 | +2.0% |
| Other operating charges | 640/8 | €986 | €1,191 | +€205 | +20.8% |
| Gross operating margin | 9900 | €135,218 | €135,913 | +€694 | +0.5% |
| Operating profit (loss) | 9901 | €70,751 | €69,941 | -€809 | -1.1% |
| Financial income | 75/76B | €26 | - | -€26 | |
| Recurring financial income | 75 | €26 | - | -€26 | |
| Financial charges | 65/66B | €10,542 | €12,893 | +€2,352 | +22.3% |
| Recurring financial charges | 65 | €10,542 | €12,893 | +€2,352 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €60,235 | €57,048 | -€3,187 | -5.3% |
| Income taxes | 67/77 | €14,021 | €12,601 | -€1,420 | -10.1% |
| Profit (loss) for the period | 9904 | €46,214 | €44,447 | -€1,767 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,214 | €44,447 | -€1,767 | -3.8% |
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 12 October 2026 via checked.be.