MAXJOY: 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.
MAXJOY
Largest movements
- Intangible fixed assets -€11,000
down €11,000 (-31.6%), from €34,778 to €23,778
- Tangible fixed assets -€2,682
down €2,682 (-33.3%), from €8,046 to €5,364
- Receivables within one year +€1,647
up €1,647 (+63.1%), from €2,611 to €4,258
of which Other amounts receivable: +€2,667
- Cash -€1,593
down €1,593 (-82.1%), from €1,940 to €346
mainly Other debts (-€27,726) and Trade debts (-€3,846)
- Other debts -€27,726
down €27,726 (-33.9%), from €81,881 to €54,155
- Profit (loss) carried forward +€20,567
up €20,567 (+15.7%), from -€131,060 to -€110,493
- Trade debts -€3,846
down €3,846 (-93.5%), from €4,115 to €269
- Accrued charges and deferred income -€2,623
down €2,623 (-35.3%), from €7,439 to €4,816
- Depreciation +€6,785
up €6,785 (+98.4%), from €6,897 to €13,682
- Taxes +€3,122
new in 2025: €3,122
- Financial charges -€2,270
down €2,270 (-28.7%), from €7,901 to €5,631
- Gross operating margin +€1,062
up €1,062 (+2.5%), from €41,941 to €43,002
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 | €47,375 | €33,747 | -€13,628 | -28.8% |
| Fixed assets | 21/28 | €42,825 | €29,142 | -€13,682 | -31.9% |
| Intangible fixed assets | 21 | €34,778 | €23,778 | -€11,000 | -31.6% |
| Tangible fixed assets | 22/27 | €8,046 | €5,364 | -€2,682 | -33.3% |
| Other tangible fixed assets | 26 | €8,046 | €5,364 | -€2,682 | -33.3% |
| Current assets | 29/58 | €4,550 | €4,604 | +€54 | +1.2% |
| Amounts receivable within one year | 40/41 | €2,611 | €4,258 | +€1,647 | +63.1% |
| Trade receivables | 40 | €2,412 | €1,391 | -€1,020 | -42.3% |
| Other amounts receivable | 41 | €199 | €2,867 | +€2,667 | +1339.1% |
| Cash at bank and in hand | 54/58 | €1,940 | €346 | -€1,593 | -82.1% |
| Total equity and liabilities | 10/49 | €47,375 | €33,747 | -€13,628 | -28.8% |
| Equity | 10/15 | -€46,060 | -€25,493 | +€20,567 | +44.7% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,060 | -€110,493 | +€20,567 | +15.7% |
| Amounts payable | 17/49 | €93,435 | €59,240 | -€34,195 | -36.6% |
| Amounts payable within one year | 42/48 | €85,997 | €54,424 | -€31,572 | -36.7% |
| Trade debts | 44 | €4,115 | €269 | -€3,846 | -93.5% |
| Suppliers | 440/4 | €4,115 | €269 | -€3,846 | -93.5% |
| Other amounts payable | 47/48 | €81,881 | €54,155 | -€27,726 | -33.9% |
| Accrued charges and deferred income | 492/3 | €7,439 | €4,816 | -€2,623 | -35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,897 | €13,682 | +€6,785 | +98.4% |
| Gross operating margin | 9900 | €41,941 | €43,002 | +€1,062 | +2.5% |
| Operating profit (loss) | 9901 | €35,043 | €29,320 | -€5,723 | -16.3% |
| Financial charges | 65/66B | €7,901 | €5,631 | -€2,270 | -28.7% |
| Recurring financial charges | 65 | €7,901 | €5,631 | -€2,270 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €27,142 | €23,689 | -€3,453 | -12.7% |
| Income taxes | 67/77 | - | €3,122 | +€3,122 | |
| Profit (loss) for the period | 9904 | €27,142 | €20,567 | -€6,575 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,142 | €20,567 | -€6,575 | -24.2% |
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 9 October 2026 via checked.be.