MAXLAU MANAGEMENT: 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.
MAXLAU MANAGEMENT
Largest movements
- Tangible fixed assets -€11,135
down €11,135 (-4.5%), from €245,298 to €234,163
- Cash -€6,023
down €6,023 (-54.8%), from €10,990 to €4,967
mainly Debts after one year (-€13,967) and Other debts (-€9,276)
- Debts after one year -€13,967
down €13,967 (-6.0%), from €230,917 to €216,950
- Other debts -€9,276
down €9,276 (-85.8%), from €10,806 to €1,530
- Profit (loss) carried forward +€3,444
up €3,444 (+23.2%), from -€14,818 to -€11,374
- Gross operating margin -€11,622
down €11,622 (-26.0%), from €44,637 to €33,015
- Depreciation -€7,048
down €7,048 (-38.8%), from €18,183 to €11,135
- Taxes +€1,309
up €1,309 (+37.0%), from €3,541 to €4,850
- Financial charges -€655
down €655 (-5.5%), from €11,923 to €11,268
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.
Derived cash bridge
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 | €272,191 | €253,877 | -€18,315 | -6.7% |
| Fixed assets | 21/28 | €245,348 | €234,213 | -€11,135 | -4.5% |
| Tangible fixed assets | 22/27 | €245,298 | €234,163 | -€11,135 | -4.5% |
| Land and buildings | 22 | €245,298 | €234,163 | -€11,135 | -4.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €26,844 | €19,664 | -€7,180 | -26.7% |
| Amounts receivable within one year | 40/41 | €13,310 | €13,310 | = | 0.0% |
| Trade receivables | 40 | €13,310 | €13,310 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,990 | €4,967 | -€6,023 | -54.8% |
| Deferred charges and accrued income | 490/1 | €2,544 | €1,387 | -€1,157 | -45.5% |
| Total equity and liabilities | 10/49 | €272,191 | €253,877 | -€18,315 | -6.7% |
| Equity | 10/15 | €5,642 | €9,086 | +€3,444 | +61.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,818 | -€11,374 | +€3,444 | +23.2% |
| Amounts payable | 17/49 | €266,550 | €244,791 | -€21,759 | -8.2% |
| Amounts payable after more than one year | 17 | €230,917 | €216,950 | -€13,967 | -6.0% |
| Financial debts | 170/4 | €230,917 | €216,950 | -€13,967 | -6.0% |
| Amounts payable within one year | 42/48 | €35,633 | €27,841 | -€7,792 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €13,250 | €13,919 | +€670 | +5.1% |
| Trade debts | 44 | €2,050 | €1,390 | -€660 | -32.2% |
| Suppliers | 440/4 | €2,050 | €1,390 | -€660 | -32.2% |
| Taxes, remuneration and social security | 45 | €9,528 | €11,001 | +€1,473 | +15.5% |
| Taxes | 450/3 | €9,528 | €11,001 | +€1,473 | +15.5% |
| Other amounts payable | 47/48 | €10,806 | €1,530 | -€9,276 | -85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,183 | €11,135 | -€7,048 | -38.8% |
| Other operating charges | 640/8 | €1,927 | €2,317 | +€390 | +20.3% |
| Gross operating margin | 9900 | €44,637 | €33,015 | -€11,622 | -26.0% |
| Operating profit (loss) | 9901 | €24,527 | €19,563 | -€4,964 | -20.2% |
| Financial charges | 65/66B | €11,923 | €11,268 | -€655 | -5.5% |
| Recurring financial charges | 65 | €11,923 | €11,268 | -€655 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €12,604 | €8,295 | -€4,309 | -34.2% |
| Income taxes | 67/77 | €3,541 | €4,850 | +€1,309 | +37.0% |
| Profit (loss) for the period | 9904 | €9,062 | €3,444 | -€5,618 | -62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,062 | €3,444 | -€5,618 | -62.0% |
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 16 October 2026 via checked.be.