MaxiWork: 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.
MaxiWork
Largest movements
- Intangible fixed assets +€9,783
new in 2025: €9,783
- Tangible fixed assets +€3,428
up €3,428 (+115.4%), from €2,970 to €6,397
of which Furniture and vehicles: +€1,882
- Receivables within one year +€2,258
up €2,258 (+29.5%), from €7,650 to €9,908
of which Trade receivables: +€9,908
- Cash -€1,684
down €1,684 (-6.9%), from €24,274 to €22,590
mainly Investment in fixed assets (net) (-€15,542) and Advances received (-€2,815)
- Other debts +€8,975
new in 2025: €8,975
- Reserves +€4,426
up €4,426 (+26.8%), from €16,544 to €20,969
- Tax, wage and social debts +€3,418
up €3,418 (+143.3%), from €2,385 to €5,803
- Advances received -€2,815
no longer reported in 2025 (was €2,815)
- Gross operating margin +€4,899
up €4,899 (+98.9%), from €4,955 to €9,854
- Taxes +€1,214
up €1,214 (+124.5%), from €975 to €2,189
- Other operating charges +€609
new in 2025: €609
- Depreciation +€336
up €336 (+16.8%), from €1,996 to €2,332
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 | €35,594 | €49,377 | +€13,782 | +38.7% |
| Fixed assets | 21/28 | €2,970 | €16,180 | +€13,210 | +444.8% |
| Intangible fixed assets | 21 | - | €9,783 | +€9,783 | |
| Tangible fixed assets | 22/27 | €2,970 | €6,397 | +€3,428 | +115.4% |
| Plant, machinery and equipment | 23 | €990 | €2,536 | +€1,546 | +156.1% |
| Furniture and vehicles | 24 | €1,980 | €3,861 | +€1,882 | +95.1% |
| Current assets | 29/58 | €32,625 | €33,197 | +€572 | +1.8% |
| Amounts receivable within one year | 40/41 | €7,650 | €9,908 | +€2,258 | +29.5% |
| Trade receivables | 40 | - | €9,908 | +€9,908 | |
| Other amounts receivable | 41 | €7,650 | - | -€7,650 | |
| Cash at bank and in hand | 54/58 | €24,274 | €22,590 | -€1,684 | -6.9% |
| Deferred charges and accrued income | 490/1 | €700 | €699 | -€2 | -0.2% |
| Total equity and liabilities | 10/49 | €35,594 | €49,377 | +€13,782 | +38.7% |
| Equity | 10/15 | €28,944 | €33,369 | +€4,426 | +15.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €16,544 | €20,969 | +€4,426 | +26.8% |
| Distributable reserves | 133 | €16,544 | €20,969 | +€4,426 | +26.8% |
| Amounts payable | 17/49 | €6,651 | €16,008 | +€9,357 | +140.7% |
| Amounts payable within one year | 42/48 | €6,651 | €16,008 | +€9,357 | +140.7% |
| Trade debts | 44 | €1,451 | €1,230 | -€221 | -15.2% |
| Suppliers | 440/4 | €1,451 | €1,230 | -€221 | -15.2% |
| Advances received on contracts in progress | 46 | €2,815 | - | -€2,815 | |
| Taxes, remuneration and social security | 45 | €2,385 | €5,803 | +€3,418 | +143.3% |
| Taxes | 450/3 | €2,385 | €5,803 | +€3,418 | +143.3% |
| Other amounts payable | 47/48 | - | €8,975 | +€8,975 | |
| Remuneration, social security and pensions | 62 | - | €55 | +€55 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,996 | €2,332 | +€336 | +16.8% |
| Other operating charges | 640/8 | - | €609 | +€609 | |
| Gross operating margin | 9900 | €4,955 | €9,854 | +€4,899 | +98.9% |
| Operating profit (loss) | 9901 | €2,959 | €6,858 | +€3,899 | +131.8% |
| Financial income | 75/76B | €0 | €1 | +€0 | +144.4% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +144.4% |
| Financial charges | 65/66B | €153 | €245 | +€92 | +59.9% |
| Recurring financial charges | 65 | €153 | €245 | +€92 | +59.9% |
| Profit (loss) for the period before taxes | 9903 | €2,806 | €6,614 | +€3,808 | +135.7% |
| Income taxes | 67/77 | €975 | €2,189 | +€1,214 | +124.5% |
| Profit (loss) for the period | 9904 | €1,832 | €4,426 | +€2,594 | +141.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,832 | €4,426 | +€2,594 | +141.6% |
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 5 October 2026 via checked.be.