MAXIVIVAR: 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.
MAXIVIVAR
Largest movements
- Cash -€97,082
down €97,082 (-33.7%), from €288,008 to €190,925
mainly Contributions, distributions and other (-€192,688) and Other debts (-€65,745)
- Receivables within one year +€21,700
up €21,700 (+717.5%), from €3,024 to €24,724
- Other debts -€65,745
down €65,745 (-25.0%), from €262,632 to €196,887
- Trade debts -€5,149
down €5,149 (-76.0%), from €6,779 to €1,630
- Gross operating margin -€85,251
down €85,251 (-25.3%), from €336,425 to €251,174
- Taxes -€20,772
down €20,772 (-26.2%), from €79,187 to €58,415
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 | €291,617 | €217,185 | -€74,433 | -25.5% |
| Fixed assets | 21/28 | €177 | €1,122 | +€945 | +535.6% |
| Tangible fixed assets | 22/27 | €177 | €1,122 | +€945 | +535.6% |
| Furniture and vehicles | 24 | €177 | €1,122 | +€945 | +535.6% |
| Current assets | 29/58 | €291,441 | €216,063 | -€75,378 | -25.9% |
| Amounts receivable within one year | 40/41 | €3,024 | €24,724 | +€21,700 | +717.5% |
| Other amounts receivable | 41 | €3,024 | €24,724 | +€21,700 | +717.5% |
| Cash at bank and in hand | 54/58 | €288,008 | €190,925 | -€97,082 | -33.7% |
| Deferred charges and accrued income | 490/1 | €409 | €413 | +€5 | +1.1% |
| Total equity and liabilities | 10/49 | €291,617 | €217,185 | -€74,433 | -25.5% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €273,017 | €198,585 | -€74,433 | -27.3% |
| Amounts payable within one year | 42/48 | €272,193 | €198,518 | -€73,675 | -27.1% |
| Trade debts | 44 | €6,779 | €1,630 | -€5,149 | -76.0% |
| Suppliers | 440/4 | €6,779 | €1,630 | -€5,149 | -76.0% |
| Taxes, remuneration and social security | 45 | €2,781 | - | -€2,781 | |
| Taxes | 450/3 | €125 | - | -€125 | |
| Remuneration and social security | 454/9 | €2,656 | - | -€2,656 | |
| Other amounts payable | 47/48 | €262,632 | €196,887 | -€65,745 | -25.0% |
| Accrued charges and deferred income | 492/3 | €824 | €67 | -€757 | -91.9% |
| Non-recurring operating income | 76A | €125 | - | -€125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135 | €138 | +€2 | +1.8% |
| Other operating charges | 640/8 | €791 | €353 | -€439 | -55.4% |
| Gross operating margin | 9900 | €336,425 | €251,174 | -€85,251 | -25.3% |
| Operating profit (loss) | 9901 | €335,499 | €250,684 | -€84,815 | -25.3% |
| Financial income | 75/76B | €714 | €465 | -€249 | -34.9% |
| Recurring financial income | 75 | €714 | €465 | -€249 | -34.9% |
| Financial charges | 65/66B | €468 | €46 | -€422 | -90.1% |
| Recurring financial charges | 65 | €468 | €46 | -€422 | -90.1% |
| Profit (loss) for the period before taxes | 9903 | €335,745 | €251,103 | -€84,642 | -25.2% |
| Income taxes | 67/77 | €79,187 | €58,415 | -€20,772 | -26.2% |
| Profit (loss) for the period | 9904 | €256,558 | €192,688 | -€63,870 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €256,558 | €192,688 | -€63,870 | -24.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.