MAXLUK: 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.
MAXLUK
Largest movements
- Receivables within one year +€16,512
up €16,512 (+108%), from €15,219 to €31,732
of which Other amounts receivable: +€12,622
- Cash -€6,179
down €6,179 (-27.8%), from €22,211 to €16,032
mainly Receivables within one year (-€16,512) and Net result for the year (-€1,178)
- Tangible fixed assets -€3,635
down €3,635 (-88.8%), from €4,095 to €459
- Deferred charges and accrued income +€650
up €650 (+242%), from €268 to €918
- Trade debts +€9,509
up €9,509 (+185%), from €5,154 to €14,663
- Profit (loss) carried forward -€1,178
down €1,178 (-5.3%), from €22,273 to €21,096
- Tax, wage and social debts -€984
down €984 (-14.1%), from €6,996 to €6,012
of which Taxes: -€984
- Taxes +€1,541
up €1,541 (+125%), from €1,235 to €2,777
- Other operating charges -€1,066
down €1,066 (-60.5%), from €1,763 to €697
- Gross operating margin +€738
up €738 (+16.2%), from €4,552 to €5,290
- Financial income +€394
up €394 (+58.2%), from €678 to €1,072
- Financial charges -€280
down €280 (-39.4%), from €711 to €431
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 | €42,483 | €49,831 | +€7,347 | +17.3% |
| Fixed assets | 21/28 | €4,785 | €1,149 | -€3,635 | -76.0% |
| Tangible fixed assets | 22/27 | €4,095 | €459 | -€3,635 | -88.8% |
| Furniture and vehicles | 24 | €4,095 | €459 | -€3,635 | -88.8% |
| Financial fixed assets | 28 | €690 | €690 | = | 0.0% |
| Current assets | 29/58 | €37,698 | €48,681 | +€10,983 | +29.1% |
| Amounts receivable within one year | 40/41 | €15,219 | €31,732 | +€16,512 | +108% |
| Trade receivables | 40 | €682 | €4,573 | +€3,891 | +570% |
| Other amounts receivable | 41 | €14,537 | €27,159 | +€12,622 | +86.8% |
| Cash at bank and in hand | 54/58 | €22,211 | €16,032 | -€6,179 | -27.8% |
| Deferred charges and accrued income | 490/1 | €268 | €918 | +€650 | +242% |
| Total equity and liabilities | 10/49 | €42,483 | €49,831 | +€7,347 | +17.3% |
| Equity | 10/15 | €30,333 | €29,156 | -€1,178 | -3.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,273 | €21,096 | -€1,178 | -5.3% |
| Amounts payable | 17/49 | €12,150 | €20,675 | +€8,525 | +70.2% |
| Amounts payable within one year | 42/48 | €12,150 | €20,675 | +€8,525 | +70.2% |
| Trade debts | 44 | €5,154 | €14,663 | +€9,509 | +185% |
| Suppliers | 440/4 | €5,154 | €14,663 | +€9,509 | +185% |
| Taxes, remuneration and social security | 45 | €6,996 | €6,012 | -€984 | -14.1% |
| Taxes | 450/3 | €4,996 | €4,012 | -€984 | -19.7% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,635 | €3,635 | = | 0.0% |
| Other operating charges | 640/8 | €1,763 | €697 | -€1,066 | -60.5% |
| Gross operating margin | 9900 | €4,552 | €5,290 | +€738 | +16.2% |
| Operating profit (loss) | 9901 | -€847 | €958 | +€1,804 | |
| Financial income | 75/76B | €678 | €1,072 | +€394 | +58.2% |
| Recurring financial income | 75 | €678 | €1,072 | +€394 | +58.2% |
| Financial charges | 65/66B | €711 | €431 | -€280 | -39.4% |
| Recurring financial charges | 65 | €711 | €431 | -€280 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | -€880 | €1,599 | +€2,479 | |
| Income taxes | 67/77 | €1,235 | €2,777 | +€1,541 | +125% |
| Profit (loss) for the period | 9904 | -€2,115 | -€1,178 | +€937 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,115 | -€1,178 | +€937 | +44.3% |
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 25 October 2026 via checked.be.