MaxSpadden: 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.
MaxSpadden
Largest movements
- Cash +€48,211
up €48,211 (+507.1%), from €9,507 to €57,719
mainly Net result for the year (+€50,249) and Tax, wage and social debts (+€4,380)
- Tangible fixed assets +€7,652
new in 2025: €7,652
- Deferred charges and accrued income -€4,069
down €4,069 (-42.6%), from €9,542 to €5,473
- Profit (loss) carried forward +€50,249
up €50,249 (+777.9%), from €6,459 to €56,708
- Tax, wage and social debts +€4,380
up €4,380 (+90.6%), from €4,836 to €9,216
of which Taxes: +€4,380
- Trade debts -€3,570
down €3,570 (-81.7%), from €4,367 to €797
- Other debts +€735
up €735 (+82.9%), from €887 to €1,622
- Gross operating margin +€54,371
up €54,371 (+566.5%), from €9,598 to €63,969
- Taxes +€10,884
up €10,884 (+476.1%), from €2,286 to €13,171
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 | €19,049 | €70,843 | +€51,794 | +271.9% |
| Fixed assets | 21/28 | - | €7,652 | +€7,652 | |
| Tangible fixed assets | 22/27 | - | €7,652 | +€7,652 | |
| Furniture and vehicles | 24 | - | €7,652 | +€7,652 | |
| Current assets | 29/58 | €19,049 | €63,192 | +€44,142 | +231.7% |
| Cash at bank and in hand | 54/58 | €9,507 | €57,719 | +€48,211 | +507.1% |
| Deferred charges and accrued income | 490/1 | €9,542 | €5,473 | -€4,069 | -42.6% |
| Total equity and liabilities | 10/49 | €19,049 | €70,843 | +€51,794 | +271.9% |
| Equity | 10/15 | €8,959 | €59,208 | +€50,249 | +560.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,459 | €56,708 | +€50,249 | +777.9% |
| Amounts payable | 17/49 | €10,090 | €11,635 | +€1,545 | +15.3% |
| Amounts payable within one year | 42/48 | €10,090 | €11,635 | +€1,545 | +15.3% |
| Trade debts | 44 | €4,367 | €797 | -€3,570 | -81.7% |
| Suppliers | 440/4 | €4,367 | €797 | -€3,570 | -81.7% |
| Taxes, remuneration and social security | 45 | €4,836 | €9,216 | +€4,380 | +90.6% |
| Taxes | 450/3 | €3,336 | €7,717 | +€4,380 | +131.3% |
| Remuneration and social security | 454/9 | €1,500 | €1,499 | -€1 | 0.0% |
| Other amounts payable | 47/48 | €887 | €1,622 | +€735 | +82.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €467 | +€467 | |
| Gross operating margin | 9900 | €9,598 | €63,969 | +€54,371 | +566.5% |
| Operating profit (loss) | 9901 | €9,598 | €63,502 | +€53,904 | +561.6% |
| Financial charges | 65/66B | €20 | €82 | +€63 | +320.7% |
| Recurring financial charges | 65 | €20 | €82 | +€63 | +320.7% |
| Profit (loss) for the period before taxes | 9903 | €9,579 | €63,420 | +€53,841 | +562.1% |
| Income taxes | 67/77 | €2,286 | €13,171 | +€10,884 | +476.1% |
| Profit (loss) for the period | 9904 | €7,292 | €50,249 | +€42,957 | +589.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,292 | €50,249 | +€42,957 | +589.1% |
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 8 October 2026 via checked.be.