MaxLab: 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.
MaxLab
Largest movements
- Cash -€94,353
down €94,353 (-61.8%), from €152,633 to €58,280
mainly Contributions, distributions and other (-€251,534) and Tax, wage and social debts (-€15,402)
- Receivables after one year -€40,000
no longer reported in 2025 (was €40,000)
- Receivables within one year -€17,122
down €17,122 (-59.1%), from €28,967 to €11,846
- Tangible fixed assets -€9,935
down €9,935 (-79.7%), from €12,464 to €2,530
- Reserves -€199,112
no longer reported in 2025 (was €199,112)
- Other debts +€60,973
up €60,973 (+2923.3%), from €2,086 to €63,059
- Tax, wage and social debts -€15,402
down €15,402 (-59.5%), from €25,871 to €10,469
of which Taxes: -€17,442
- Current portion of long-term debt -€8,351
no longer reported in 2025 (was €8,351)
- Gross operating margin -€22,914
down €22,914 (-23.0%), from €99,826 to €76,912
- Taxes -€4,505
down €4,505 (-24.7%), from €18,237 to €13,732
- Depreciation -€1,246
down €1,246 (-11.1%), from €11,181 to €9,935
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 | €235,876 | €74,102 | -€161,773 | -68.6% |
| Fixed assets | 21/28 | €12,464 | €2,530 | -€9,935 | -79.7% |
| Tangible fixed assets | 22/27 | €12,464 | €2,530 | -€9,935 | -79.7% |
| Furniture and vehicles | 24 | €12,464 | €2,530 | -€9,935 | -79.7% |
| Current assets | 29/58 | €223,411 | €71,573 | -€151,838 | -68.0% |
| Amounts receivable after more than one year | 29 | €40,000 | - | -€40,000 | |
| Other amounts receivable | 291 | €40,000 | - | -€40,000 | |
| Amounts receivable within one year | 40/41 | €28,967 | €11,846 | -€17,122 | -59.1% |
| Trade receivables | 40 | €28,967 | €11,846 | -€17,122 | -59.1% |
| Cash at bank and in hand | 54/58 | €152,633 | €58,280 | -€94,353 | -61.8% |
| Deferred charges and accrued income | 490/1 | €1,811 | €1,447 | -€364 | -20.1% |
| Total equity and liabilities | 10/49 | €235,876 | €74,102 | -€161,773 | -68.6% |
| Equity | 10/15 | €199,212 | €100 | -€199,112 | -99.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €199,112 | - | -€199,112 | |
| Distributable reserves | 133 | €199,112 | - | -€199,112 | |
| Amounts payable | 17/49 | €36,664 | €74,002 | +€37,338 | +101.8% |
| Amounts payable within one year | 42/48 | €36,664 | €73,562 | +€36,898 | +100.6% |
| Current portion of amounts payable after more than one year | 42 | €8,351 | - | -€8,351 | |
| Trade debts | 44 | €356 | €34 | -€322 | -90.3% |
| Suppliers | 440/4 | €356 | €34 | -€322 | -90.3% |
| Taxes, remuneration and social security | 45 | €25,871 | €10,469 | -€15,402 | -59.5% |
| Taxes | 450/3 | €25,871 | €8,429 | -€17,442 | -67.4% |
| Remuneration and social security | 454/9 | - | €2,040 | +€2,040 | |
| Other amounts payable | 47/48 | €2,086 | €63,059 | +€60,973 | +2923.3% |
| Accrued charges and deferred income | 492/3 | - | €440 | +€440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,181 | €9,935 | -€1,246 | -11.1% |
| Other operating charges | 640/8 | €755 | €824 | +€69 | +9.2% |
| Gross operating margin | 9900 | €99,826 | €76,912 | -€22,914 | -23.0% |
| Operating profit (loss) | 9901 | €87,890 | €66,153 | -€21,737 | -24.7% |
| Financial income | 75/76B | €1,200 | €700 | -€500 | -41.7% |
| Recurring financial income | 75 | €1,200 | €700 | -€500 | -41.7% |
| Financial charges | 65/66B | €760 | €699 | -€61 | -8.0% |
| Recurring financial charges | 65 | €760 | €699 | -€61 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €88,330 | €66,154 | -€22,176 | -25.1% |
| Income taxes | 67/77 | €18,237 | €13,732 | -€4,505 | -24.7% |
| Profit (loss) for the period | 9904 | €70,093 | €52,422 | -€17,671 | -25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €70,093 | €52,422 | -€17,671 | -25.2% |
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 8 October 2026 via checked.be.