MAXLYN: 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.
MAXLYN
Largest movements
- Receivables within one year -€6,469
down €6,469 (-30.2%), from €21,402 to €14,933
of which Trade receivables: -€3,303
- Cash -€3,144
down €3,144 (-33.6%), from €9,369 to €6,225
mainly Net result for the year (-€18,851) and Stocks and contracts (-€2,966)
- Stocks and contracts +€2,966
up €2,966 (+1.7%), from €179,477 to €182,443
- Profit (loss) carried forward -€18,851
down €18,851 (-15.2%), from -€123,727 to -€142,578
- Other debts +€9,575
up €9,575 (+3.1%), from €304,419 to €313,994
- Trade debts +€2,349
up €2,349 (+28.2%), from €8,323 to €10,672
- Gross operating margin -€1,680
down €1,680 (-11.6%), from -€14,510 to -€16,190
- Depreciation -€909
down €909 (-71.2%), from €1,277 to €368
- Other operating charges -€455
down €455 (-20.2%), from €2,256 to €1,801
- Financial charges -€329
down €329 (-40.1%), from €821 to €491
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 | €211,566 | €204,543 | -€7,023 | -3.3% |
| Fixed assets | 21/28 | €1,311 | €943 | -€368 | -28.1% |
| Intangible fixed assets | 21 | €1,196 | €943 | -€253 | -21.2% |
| Tangible fixed assets | 22/27 | €115 | €0 | -€115 | -100.0% |
| Furniture and vehicles | 24 | €115 | €0 | -€115 | -100.0% |
| Current assets | 29/58 | €210,256 | €203,600 | -€6,655 | -3.2% |
| Stocks and contracts in progress | 3 | €179,477 | €182,443 | +€2,966 | +1.7% |
| Stocks | 30/36 | €179,477 | €182,443 | +€2,966 | +1.7% |
| Amounts receivable within one year | 40/41 | €21,402 | €14,933 | -€6,469 | -30.2% |
| Trade receivables | 40 | €17,736 | €14,433 | -€3,303 | -18.6% |
| Other amounts receivable | 41 | €3,667 | €500 | -€3,167 | -86.4% |
| Current investments | 50/53 | €8 | €0 | -€8 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,369 | €6,225 | -€3,144 | -33.6% |
| Total equity and liabilities | 10/49 | €211,566 | €204,543 | -€7,023 | -3.3% |
| Equity | 10/15 | -€104,965 | -€123,816 | -€18,851 | -18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €162 | €162 | = | 0.0% |
| Non-distributable reserves | 130/1 | €162 | €162 | = | 0.0% |
| Reserves not available under the articles | 1311 | €162 | €162 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,727 | -€142,578 | -€18,851 | -15.2% |
| Amounts payable | 17/49 | €316,531 | €328,359 | +€11,828 | +3.7% |
| Amounts payable within one year | 42/48 | €316,531 | €328,359 | +€11,828 | +3.7% |
| Trade debts | 44 | €8,323 | €10,672 | +€2,349 | +28.2% |
| Suppliers | 440/4 | €8,323 | €10,672 | +€2,349 | +28.2% |
| Taxes, remuneration and social security | 45 | €3,789 | €3,693 | -€96 | -2.5% |
| Taxes | 450/3 | €2,889 | €3,693 | +€804 | +27.8% |
| Remuneration and social security | 454/9 | €900 | - | -€900 | |
| Other amounts payable | 47/48 | €304,419 | €313,994 | +€9,575 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,277 | €368 | -€909 | -71.2% |
| Other operating charges | 640/8 | €2,256 | €1,801 | -€455 | -20.2% |
| Gross operating margin | 9900 | -€14,510 | -€16,190 | -€1,680 | -11.6% |
| Operating profit (loss) | 9901 | -€18,043 | -€18,360 | -€316 | -1.8% |
| Financial charges | 65/66B | €821 | €491 | -€329 | -40.1% |
| Recurring financial charges | 65 | €821 | €491 | -€329 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,864 | -€18,851 | +€13 | +0.1% |
| Profit (loss) for the period | 9904 | -€18,864 | -€18,851 | +€13 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,864 | -€18,851 | +€13 | +0.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.