MAXMAVEN: 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.
MAXMAVEN
Largest movements
- Financial fixed assets -€80,866
down €80,866 (-16.0%), from €505,000 to €424,134
- Receivables within one year +€79,008
up €79,008 (+40.5%), from €194,910 to €273,918
of which Trade receivables: +€63,249
- Reserves +€233,047
up €233,047 (+92.2%), from €252,884 to €485,931
- Other debts -€172,860
down €172,860 (-44.7%), from €386,391 to €213,530
- Accrued charges and deferred income -€79,782
down €79,782 (-100.0%), from €79,782 to €0
- Tax, wage and social debts +€39,853
up €39,853 (+136.2%), from €29,253 to €69,105
- Short-term financial debts -€12,465
down €12,465 (-29.8%), from €41,784 to €29,319
- Financial income +€86,670
up €86,670 (+2317.1%), from €3,740 to €90,410
of which Non-recurring financial income: +€82,799
- Gross operating margin +€63,311
up €63,311 (+35.2%), from €179,952 to €243,263
- Taxes +€34,289
up €34,289 (+63.1%), from €54,371 to €88,660
- Financial charges -€7,480
down €7,480 (-42.8%), from €17,492 to €10,012
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 | €799,164 | €804,134 | +€4,970 | +0.6% |
| Fixed assets | 21/28 | €509,775 | €427,474 | -€82,301 | -16.1% |
| Tangible fixed assets | 22/27 | €4,775 | €3,340 | -€1,435 | -30.0% |
| Furniture and vehicles | 24 | €4,775 | €3,340 | -€1,435 | -30.0% |
| Financial fixed assets | 28 | €505,000 | €424,134 | -€80,866 | -16.0% |
| Current assets | 29/58 | €289,389 | €376,660 | +€87,271 | +30.2% |
| Amounts receivable after more than one year | 29 | €85,000 | €85,000 | = | 0.0% |
| Other amounts receivable | 291 | €85,000 | €85,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €194,910 | €273,918 | +€79,008 | +40.5% |
| Trade receivables | 40 | €191,179 | €254,427 | +€63,249 | +33.1% |
| Other amounts receivable | 41 | €3,731 | €19,491 | +€15,759 | +422.4% |
| Cash at bank and in hand | 54/58 | €9,480 | €13,008 | +€3,528 | +37.2% |
| Deferred charges and accrued income | 490/1 | €0 | €4,735 | +€4,735 | |
| Total equity and liabilities | 10/49 | €799,164 | €804,134 | +€4,970 | +0.6% |
| Equity | 10/15 | €259,084 | €492,131 | +€233,047 | +90.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €252,884 | €485,931 | +€233,047 | +92.2% |
| Distributable reserves | 133 | €252,884 | €485,931 | +€233,047 | +92.2% |
| Amounts payable | 17/49 | €540,079 | €312,003 | -€228,076 | -42.2% |
| Amounts payable within one year | 42/48 | €460,297 | €312,003 | -€148,294 | -32.2% |
| Financial debts | 43 | €41,784 | €29,319 | -€12,465 | -29.8% |
| Credit institutions | 430/8 | €41,784 | €29,319 | -€12,465 | -29.8% |
| Trade debts | 44 | €2,870 | €48 | -€2,822 | -98.3% |
| Suppliers | 440/4 | €2,870 | €48 | -€2,822 | -98.3% |
| Taxes, remuneration and social security | 45 | €29,253 | €69,105 | +€39,853 | +136.2% |
| Taxes | 450/3 | €29,253 | €69,105 | +€39,853 | +136.2% |
| Other amounts payable | 47/48 | €386,391 | €213,530 | -€172,860 | -44.7% |
| Accrued charges and deferred income | 492/3 | €79,782 | €0 | -€79,782 | -100.0% |
| Non-recurring operating income | 76A | €342 | €63,438 | +€63,095 | +18422.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,435 | €1,435 | = | 0.0% |
| Other operating charges | 640/8 | €580 | €520 | -€61 | -10.4% |
| Gross operating margin | 9900 | €179,952 | €243,263 | +€63,311 | +35.2% |
| Operating profit (loss) | 9901 | €177,937 | €241,309 | +€63,371 | +35.6% |
| Financial income | 75/76B | €3,740 | €90,410 | +€86,670 | +2317.1% |
| Recurring financial income | 75 | €3,740 | €7,611 | +€3,871 | +103.5% |
| Non-recurring financial income | 76B | - | €82,799 | +€82,799 | |
| Financial charges | 65/66B | €17,492 | €10,012 | -€7,480 | -42.8% |
| Recurring financial charges | 65 | €17,492 | €10,012 | -€7,480 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €164,186 | €321,707 | +€157,521 | +95.9% |
| Income taxes | 67/77 | €54,371 | €88,660 | +€34,289 | +63.1% |
| Profit (loss) for the period | 9904 | €109,814 | €233,047 | +€123,233 | +112.2% |
| Profit (loss) for the period to be appropriated | 9905 | €109,814 | €233,047 | +€123,233 | +112.2% |
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 1 October 2026 via checked.be.