MAXTEM: what changed
MAXTEM
Largest movements
- Cash +€3,229
up €3,229 (+96.9%), from €3,333 to €6,563
mainly Net result for the year (+€4,877) and Trade debts (+€974)
- Tangible fixed assets +€1,275
new in 2026: €1,275
- Receivables within one year +€337
up €337 (+5.0%), from €6,781 to €7,118
of which Trade receivables: +€410
- Profit (loss) carried forward +€4,877
up €4,877 (+79.1%), from €6,166 to €11,043
- Tax, wage and social debts -€1,191
down €1,191 (-44.0%), from €2,707 to €1,516
of which Remuneration and social security: -€1,000
- Trade debts +€974
up €974 (+403%), from €242 to €1,216
- Other debts +€180
new in 2026: €180
- Financial charges +€1,525
up €1,525 (+147%), from €1,034 to €2,559
- Depreciation -€972
down €972 (-80.9%), from €1,201 to €229
- Gross operating margin -€741
down €741 (-7.3%), from €10,108 to €9,367
- Taxes -€191
down €191 (-11.2%), from €1,707 to €1,516
- Other operating charges +€186
new in 2026: €186
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,115 | €14,955 | +€4,841 | +47.9% |
| Fixed assets | 21/28 | - | €1,275 | +€1,275 | |
| Tangible fixed assets | 22/27 | - | €1,275 | +€1,275 | |
| Furniture and vehicles | 24 | - | €1,275 | +€1,275 | |
| Current assets | 29/58 | €10,115 | €13,681 | +€3,566 | +35.3% |
| Amounts receivable within one year | 40/41 | €6,781 | €7,118 | +€337 | +5.0% |
| Trade receivables | 40 | €5,202 | €5,612 | +€410 | +7.9% |
| Other amounts receivable | 41 | €1,579 | €1,505 | -€74 | -4.7% |
| Cash at bank and in hand | 54/58 | €3,333 | €6,563 | +€3,229 | +96.9% |
| Total equity and liabilities | 10/49 | €10,115 | €14,955 | +€4,841 | +47.9% |
| Equity | 10/15 | €7,166 | €12,043 | +€4,877 | +68.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,166 | €11,043 | +€4,877 | +79.1% |
| Amounts payable | 17/49 | €2,949 | €2,913 | -€36 | -1.2% |
| Amounts payable within one year | 42/48 | €2,949 | €2,913 | -€36 | -1.2% |
| Trade debts | 44 | €242 | €1,216 | +€974 | +403% |
| Suppliers | 440/4 | €242 | €1,216 | +€974 | +403% |
| Taxes, remuneration and social security | 45 | €2,707 | €1,516 | -€1,191 | -44.0% |
| Taxes | 450/3 | €1,707 | €1,516 | -€191 | -11.2% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | - | €180 | +€180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,201 | €229 | -€972 | -80.9% |
| Other operating charges | 640/8 | - | €186 | +€186 | |
| Gross operating margin | 9900 | €10,108 | €9,367 | -€741 | -7.3% |
| Operating profit (loss) | 9901 | €8,907 | €8,952 | +€45 | +0.5% |
| Financial income | 75/76B | €0 | €1 | +€0 | +4,900% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +4,900% |
| Financial charges | 65/66B | €1,034 | €2,559 | +€1,525 | +147% |
| Recurring financial charges | 65 | €1,034 | €2,559 | +€1,525 | +147% |
| Profit (loss) for the period before taxes | 9903 | €7,873 | €6,393 | -€1,479 | -18.8% |
| Income taxes | 67/77 | €1,707 | €1,516 | -€191 | -11.2% |
| Profit (loss) for the period | 9904 | €6,166 | €4,877 | -€1,289 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,166 | €4,877 | -€1,289 | -20.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.