MAXLADJAHY: what changed
MAXLADJAHY
Largest movements
- Tangible fixed assets -€1,900
down €1,900 (-21.8%), from €8,732 to €6,832
- Stocks and contracts -€1,397
down €1,397 (-22.9%), from €6,106 to €4,710
- Cash -€182
down €182 (-66.3%), from €275 to €93
mainly Debts after one year (-€2,881) and Net result for the year (-€2,386)
- Debts after one year -€2,881
down €2,881 (-17.1%), from €16,889 to €14,007
of which Financial debts: -€2,881
- Profit (loss) carried forward -€2,386
down €2,386 (-8.6%), from -€27,625 to -€30,011
- Tax, wage and social debts +€1,711
up €1,711 (+48.7%), from €3,516 to €5,227
- Trade debts -€1,000
no longer reported in 2025 (was €1,000)
- Other debts +€686
new in 2025: €686
- Gross operating margin -€3,150
down €3,150 (-51.1%), from €6,164 to €3,014
- Other operating charges +€1,533
up €1,533 (+308%), from €497 to €2,030
- Depreciation +€1,132
up €1,132 (+147%), from €768 to €1,900
- Financial charges +€732
up €732 (+99.3%), from €738 to €1,470
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,113 | €11,634 | -€3,479 | -23.0% |
| Fixed assets | 21/28 | €8,732 | €6,832 | -€1,900 | -21.8% |
| Tangible fixed assets | 22/27 | €8,732 | €6,832 | -€1,900 | -21.8% |
| Furniture and vehicles | 24 | €8,732 | €6,832 | -€1,900 | -21.8% |
| Current assets | 29/58 | €6,381 | €4,802 | -€1,579 | -24.7% |
| Stocks and contracts in progress | 3 | €6,106 | €4,710 | -€1,397 | -22.9% |
| Stocks | 30/36 | €6,106 | €4,710 | -€1,397 | -22.9% |
| Cash at bank and in hand | 54/58 | €275 | €93 | -€182 | -66.3% |
| Total equity and liabilities | 10/49 | €15,113 | €11,634 | -€3,479 | -23.0% |
| Equity | 10/15 | -€9,025 | -€11,411 | -€2,386 | -26.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,625 | -€30,011 | -€2,386 | -8.6% |
| Amounts payable | 17/49 | €24,137 | €23,045 | -€1,093 | -4.5% |
| Amounts payable after more than one year | 17 | €16,889 | €14,007 | -€2,881 | -17.1% |
| Financial debts | 170/4 | €4,889 | €2,007 | -€2,881 | -58.9% |
| Other amounts payable | 178/9 | €12,000 | €12,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,249 | €9,037 | +€1,789 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €2,733 | €2,881 | +€149 | +5.4% |
| Financial debts | 43 | - | €243 | +€243 | |
| Credit institutions | 430/8 | - | €243 | +€243 | |
| Trade debts | 44 | €1,000 | - | -€1,000 | |
| Suppliers | 440/4 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | €3,516 | €5,227 | +€1,711 | +48.7% |
| Taxes | 450/3 | €3,516 | €5,227 | +€1,711 | +48.7% |
| Other amounts payable | 47/48 | - | €686 | +€686 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €768 | €1,900 | +€1,132 | +147% |
| Other operating charges | 640/8 | €497 | €2,030 | +€1,533 | +308% |
| Gross operating margin | 9900 | €6,164 | €3,014 | -€3,150 | -51.1% |
| Operating profit (loss) | 9901 | €4,898 | -€916 | -€5,815 | |
| Financial charges | 65/66B | €738 | €1,470 | +€732 | +99.3% |
| Recurring financial charges | 65 | €738 | €1,470 | +€732 | +99.3% |
| Profit (loss) for the period before taxes | 9903 | €4,161 | -€2,386 | -€6,547 | |
| Profit (loss) for the period | 9904 | €4,161 | -€2,386 | -€6,547 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,161 | -€2,386 | -€6,547 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.