MAXLIE: 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.
MAXLIE
Largest movements
- Receivables within one year -€19,419
down €19,419 (-29.9%), from €65,042 to €45,624
of which Other amounts receivable: -€17,567
- Tangible fixed assets -€18,821
down €18,821 (-60.7%), from €30,995 to €12,174
of which Furniture and vehicles: -€18,214
- Deferred charges and accrued income +€1,795
new in 2025: €1,795
- Other debts +€47,418
up €47,418 (+474.2%), from €10,000 to €57,418
- Short-term financial debts -€45,033
down €45,033 (-97.5%), from €46,195 to €1,162
- Tax, wage and social debts -€27,080
down €27,080 (-91.8%), from €29,488 to €2,408
- Profit (loss) carried forward -€17,841
down €17,841 (-25.8%), from -€69,065 to -€86,905
- Current portion of long-term debt +€9,393
new in 2025: €9,393
- Gross operating margin -€17,909
down €17,909, from €11,147 to -€6,762
- Depreciation -€17,869
down €17,869 (-89.4%), from €19,999 to €2,129
- Financial charges +€2,258
up €2,258 (+30.6%), from €7,377 to €9,635
- Financial income +€1,288
up €1,288 (+296.6%), from €434 to €1,722
- Other operating charges +€201
up €201, from €0 to €201
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,037 | €59,593 | -€36,445 | -37.9% |
| Fixed assets | 21/28 | €30,995 | €12,174 | -€18,821 | -60.7% |
| Tangible fixed assets | 22/27 | €30,995 | €12,174 | -€18,821 | -60.7% |
| Plant, machinery and equipment | 23 | €1,819 | €1,313 | -€507 | -27.9% |
| Furniture and vehicles | 24 | €29,076 | €10,862 | -€18,214 | -62.6% |
| Other tangible fixed assets | 26 | €100 | - | -€100 | |
| Current assets | 29/58 | €65,042 | €47,418 | -€17,624 | -27.1% |
| Amounts receivable within one year | 40/41 | €65,042 | €45,624 | -€19,419 | -29.9% |
| Trade receivables | 40 | €47,401 | €45,550 | -€1,851 | -3.9% |
| Other amounts receivable | 41 | €17,641 | €74 | -€17,567 | -99.6% |
| Deferred charges and accrued income | 490/1 | - | €1,795 | +€1,795 | |
| Total equity and liabilities | 10/49 | €96,037 | €59,593 | -€36,445 | -37.9% |
| Equity | 10/15 | -€34,007 | -€51,847 | -€17,841 | -52.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,858 | €28,858 | = | 0.0% |
| Distributable reserves | 133 | €28,858 | €28,858 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,065 | -€86,905 | -€17,841 | -25.8% |
| Amounts payable | 17/49 | €130,044 | €111,440 | -€18,604 | -14.3% |
| Amounts payable after more than one year | 17 | €39,500 | €34,578 | -€4,922 | -12.5% |
| Financial debts | 170/4 | €39,500 | €34,578 | -€4,922 | -12.5% |
| Amounts payable within one year | 42/48 | €90,544 | €76,862 | -€13,682 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | - | €9,393 | +€9,393 | |
| Financial debts | 43 | €46,195 | €1,162 | -€45,033 | -97.5% |
| Credit institutions | 430/8 | €46,195 | €1,162 | -€45,033 | -97.5% |
| Trade debts | 44 | €4,861 | €6,481 | +€1,620 | +33.3% |
| Suppliers | 440/4 | €4,861 | €6,481 | +€1,620 | +33.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €29,488 | €2,408 | -€27,080 | -91.8% |
| Taxes | 450/3 | €29,488 | €2,408 | -€27,080 | -91.8% |
| Other amounts payable | 47/48 | €10,000 | €57,418 | +€47,418 | +474.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,999 | €2,129 | -€17,869 | -89.4% |
| Other operating charges | 640/8 | €0 | €201 | +€201 | |
| Non-recurring operating charges | 66A | - | €526 | +€526 | |
| Gross operating margin | 9900 | €11,147 | -€6,762 | -€17,909 | |
| Operating profit (loss) | 9901 | -€8,851 | -€9,618 | -€767 | -8.7% |
| Financial income | 75/76B | €434 | €1,722 | +€1,288 | +296.6% |
| Recurring financial income | 75 | €434 | €1,722 | +€1,288 | +296.6% |
| Financial charges | 65/66B | €7,377 | €9,635 | +€2,258 | +30.6% |
| Recurring financial charges | 65 | €7,377 | €9,635 | +€2,258 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,794 | -€17,531 | -€1,737 | -11.0% |
| Income taxes | 67/77 | €326 | €310 | -€16 | -5.0% |
| Profit (loss) for the period | 9904 | -€16,120 | -€17,841 | -€1,721 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,120 | -€17,841 | -€1,721 | -10.7% |
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 6 October 2026 via checked.be.