MAXQlabs: 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.
What changed
MAXQlabs
NACE 62.200, Computer consultancy and computer facilities management
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€34,184
2024 · -€433,782+€399,598
Equity
€235,701
2024 · €269,885-€34,184
Cash
€14,369
2024 · €19,280-€4,911
Balance sheet total
€716,755
2024 · €1.2m-€509,734
Largest movements
Assets
- Intangible fixed assets -€427,760
no longer reported in 2025 (was €427,760)
- Receivables within one year -€68,399
down €68,399 (-10.3%), from €664,115 to €595,717
of which Trade receivables: -€68,670
Equity and liabilities
- Other debts -€363,756
down €363,756 (-95.3%), from €381,706 to €17,950
- Trade debts -€99,069
down €99,069 (-25.1%), from €394,510 to €295,441
- Reserves -€34,000
down €34,000 (-16.4%), from €207,200 to €173,200
of which Distributable reserves: -€34,000
Income statement
- Purchases and services -€312,722
down €312,722 (-14.4%), from €2.2m to €1.9m
- Depreciation -€232,616
down €232,616 (-91.7%), from €253,753 to €21,136
- Gross operating margin +€167,351
up €167,351 (+12.4%), from €1.3m to €1.5m
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.
Result 2024
-€433,782
Gross operating margin
+€167,351
Staff costs
-€10,507
Depreciation
+€232,616
Write-downs
-€627
Other operating charges
-€400
Other operating items
-€506
Financial income
+€446
Financial charges
+€1,019
Taxes
+€10,207
Result 2025
-€34,184
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.
From operations
-€420,662
Investment
+€415,751
Financing
€0
Cash 2024
€19,280
From operations (derived)
-€420,662
Net result for the year
-€34,184
Depreciation
+€21,136
Receivables within one year
+€68,399
Smaller working-capital items
+€287
Trade debts
-€99,069
Tax, wage and social debts
-€7,873
Other debts
-€363,756
Accrued charges and deferred income
-€5,603
Investment (derived)
+€415,751
Investment in fixed assets (net)
+€415,751
Cash 2025
€14,369
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,226,489 | €716,755 | -€509,734 | -41.6% |
| Fixed assets | 21/28 | €522,722 | €85,835 | -€436,887 | -83.6% |
| Intangible fixed assets | 21 | €427,760 | - | -€427,760 | |
| Tangible fixed assets | 22/27 | €34,459 | €24,335 | -€10,124 | -29.4% |
| Plant, machinery and equipment | 23 | €28,394 | €20,368 | -€8,025 | -28.3% |
| Furniture and vehicles | 24 | €3,977 | €2,722 | -€1,256 | -31.6% |
| Other tangible fixed assets | 26 | €2,088 | €1,245 | -€844 | -40.4% |
| Financial fixed assets | 28 | €60,503 | €61,500 | +€998 | +1.6% |
| Current assets | 29/58 | €703,767 | €630,921 | -€72,846 | -10.4% |
| Amounts receivable within one year | 40/41 | €664,115 | €595,717 | -€68,399 | -10.3% |
| Trade receivables | 40 | €664,115 | €595,446 | -€68,670 | -10.3% |
| Other amounts receivable | 41 | - | €271 | +€271 | |
| Cash at bank and in hand | 54/58 | €19,280 | €14,369 | -€4,911 | -25.5% |
| Deferred charges and accrued income | 490/1 | €20,371 | €20,835 | +€464 | +2.3% |
| Total equity and liabilities | 10/49 | €1,226,489 | €716,755 | -€509,734 | -41.6% |
| Equity | 10/15 | €269,885 | €235,701 | -€34,184 | -12.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €207,200 | €173,200 | -€34,000 | -16.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €201,000 | €167,000 | -€34,000 | -16.9% |
| Profit (loss) carried forward | 14 | €685 | €501 | -€184 | -26.8% |
| Provisions and deferred taxes | 16 | €124 | €875 | +€751 | +607.1% |
| Provisions for liabilities and charges | 160/5 | €124 | €875 | +€751 | +607.1% |
| Pensions and similar obligations | 160 | €124 | €875 | +€751 | +607.1% |
| Amounts payable | 17/49 | €956,480 | €480,179 | -€476,301 | -49.8% |
| Amounts payable within one year | 42/48 | €949,677 | €478,979 | -€470,698 | -49.6% |
| Trade debts | 44 | €394,510 | €295,441 | -€99,069 | -25.1% |
| Suppliers | 440/4 | €394,510 | €295,441 | -€99,069 | -25.1% |
| Taxes, remuneration and social security | 45 | €173,460 | €165,587 | -€7,873 | -4.5% |
| Taxes | 450/3 | €17,974 | €18,140 | +€166 | +0.9% |
| Remuneration and social security | 454/9 | €155,486 | €147,447 | -€8,038 | -5.2% |
| Other amounts payable | 47/48 | €381,706 | €17,950 | -€363,756 | -95.3% |
| Accrued charges and deferred income | 492/3 | €6,803 | €1,200 | -€5,603 | -82.4% |
| Turnover | 70 | €3,312,786 | €3,317,863 | +€5,077 | +0.2% |
| Non-recurring operating income | 76A | - | €1,442 | +€1,442 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,170,153 | €1,857,430 | -€312,722 | -14.4% |
| Remuneration, social security and pensions | 62 | €1,469,880 | €1,480,386 | +€10,507 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €253,753 | €21,136 | -€232,616 | -91.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €124 | €751 | +€627 | +507.1% |
| Other operating charges | 640/8 | €13,285 | €13,684 | +€400 | +3.0% |
| Non-recurring operating charges | 66A | - | €506 | +€506 | |
| Gross operating margin | 9900 | €1,345,982 | €1,513,333 | +€167,351 | +12.4% |
| Operating profit (loss) | 9901 | -€391,058 | -€3,131 | +€387,927 | +99.2% |
| Financial income | 75/76B | €59 | €504 | +€446 | +760.9% |
| Recurring financial income | 75 | €59 | €504 | +€446 | +760.9% |
| Financial charges | 65/66B | €39,723 | €38,705 | -€1,019 | -2.6% |
| Recurring financial charges | 65 | €39,723 | €38,705 | -€1,019 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€430,723 | -€41,331 | +€389,392 | +90.4% |
| Income taxes | 67/77 | €3,059 | -€7,147 | -€10,207 | |
| Profit (loss) for the period | 9904 | -€433,782 | -€34,184 | +€399,598 | +92.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€433,782 | -€34,184 | +€399,598 | +92.1% |
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.