MAXIVER: 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.
MAXIVER
Largest movements
- Deferred charges and accrued income -€4,425
down €4,425 (-98.0%), from €4,514 to €89
- Receivables after one year +€3,390
up €3,390 (+13.0%), from €26,063 to €29,454
of which Other amounts receivable: +€3,000
- Cash -€3,332
down €3,332 (-21.2%), from €15,714 to €12,382
mainly Contributions, distributions and other (-€19,765) and Receivables after one year (-€3,390)
- Tangible fixed assets +€595
up €595 (+13.8%), from €4,302 to €4,897
- Profit (loss) carried forward -€2,103
no longer reported in 2025 (was €2,103)
- Reserves -€1,774
down €1,774 (-5.9%), from €30,087 to €28,313
of which Distributable reserves: -€1,774
- Debts after one year -€1,721
down €1,721 (-33.3%), from €5,164 to €3,443
- Tax, wage and social debts +€1,448
up €1,448 (+18.3%), from €7,913 to €9,361
of which Remuneration and social security: +€2,855
- Gross operating margin +€30,802
up €30,802 (+182.5%), from €16,880 to €47,682
- Turnover +€30,235
up €30,235 (+31.4%), from €96,402 to €126,636
- Staff costs +€22,613
up €22,613 (+772.4%), from €2,928 to €25,541
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 | €50,593 | €46,822 | -€3,771 | -7.5% |
| Fixed assets | 21/28 | €4,302 | €4,897 | +€595 | +13.8% |
| Tangible fixed assets | 22/27 | €4,302 | €4,897 | +€595 | +13.8% |
| Furniture and vehicles | 24 | €4,302 | €4,897 | +€595 | +13.8% |
| Current assets | 29/58 | €46,291 | €41,925 | -€4,366 | -9.4% |
| Amounts receivable after more than one year | 29 | €26,063 | €29,454 | +€3,390 | +13.0% |
| Trade receivables | 290 | €25,063 | €25,454 | +€390 | +1.6% |
| Other amounts receivable | 291 | €1,000 | €4,000 | +€3,000 | +300.0% |
| Cash at bank and in hand | 54/58 | €15,714 | €12,382 | -€3,332 | -21.2% |
| Deferred charges and accrued income | 490/1 | €4,514 | €89 | -€4,425 | -98.0% |
| Total equity and liabilities | 10/49 | €50,593 | €46,822 | -€3,771 | -7.5% |
| Equity | 10/15 | €32,291 | €28,414 | -€3,877 | -12.0% |
| Contributions | 10/11 | €101 | €101 | = | 0.0% |
| Reserves | 13 | €30,087 | €28,313 | -€1,774 | -5.9% |
| Non-distributable reserves | 130/1 | €13,000 | €13,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €17,087 | €15,313 | -€1,774 | -10.4% |
| Profit (loss) carried forward | 14 | €2,103 | - | -€2,103 | |
| Amounts payable | 17/49 | €18,302 | €18,407 | +€106 | +0.6% |
| Amounts payable after more than one year | 17 | €5,164 | €3,443 | -€1,721 | -33.3% |
| Financial debts | 170/4 | €5,164 | €3,443 | -€1,721 | -33.3% |
| Amounts payable within one year | 42/48 | €13,138 | €14,965 | +€1,827 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €1,721 | €1,721 | = | 0.0% |
| Trade debts | 44 | €3,504 | €3,883 | +€379 | +10.8% |
| Suppliers | 440/4 | €3,504 | €3,883 | +€379 | +10.8% |
| Taxes, remuneration and social security | 45 | €7,913 | €9,361 | +€1,448 | +18.3% |
| Taxes | 450/3 | €7,913 | €6,505 | -€1,407 | -17.8% |
| Remuneration and social security | 454/9 | - | €2,855 | +€2,855 | |
| Turnover | 70 | €96,402 | €126,636 | +€30,235 | +31.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €79,522 | €78,955 | -€567 | -0.7% |
| Remuneration, social security and pensions | 62 | €2,928 | €25,541 | +€22,613 | +772.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,449 | €1,533 | +€84 | +5.8% |
| Other operating charges | 640/8 | €1,025 | €1,643 | +€618 | +60.4% |
| Gross operating margin | 9900 | €16,880 | €47,682 | +€30,802 | +182.5% |
| Operating profit (loss) | 9901 | €11,479 | €18,965 | +€7,486 | +65.2% |
| Financial income | 75/76B | - | €301 | +€301 | |
| Recurring financial income | 75 | - | €301 | +€301 | |
| Non-recurring financial income | 76B | - | €301 | +€301 | |
| Financial charges | 65/66B | €1,781 | €1,401 | -€379 | -21.3% |
| Recurring financial charges | 65 | €1,781 | €1,401 | -€379 | -21.3% |
| Non-recurring financial charges | 66B | €1,781 | €1,401 | -€379 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €9,698 | €17,864 | +€8,165 | +84.2% |
| Income taxes | 67/77 | €2,596 | €1,976 | -€620 | -23.9% |
| Profit (loss) for the period | 9904 | €7,103 | €15,888 | +€8,785 | +123.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,103 | €15,888 | +€8,785 | +123.7% |
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 7 October 2026 via checked.be.