Maxus Fund (Privak): what changed
Two financial 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.
Maxus Fund (Privak)
Largest movements
- Financial fixed assets +€3.7m
up €3.7m (+17.1%), from €21.8m to €25.5m
- Contributions +€3.7m
up €3.7m (+17.1%), from €21.8m to €25.5m
- Gross operating margin +€11,555
up €11,555 (+42.0%), from -€27,539 to -€15,985
- Financial charges -€844
down €844 (-49.0%), from €1,722 to €878
- Other operating charges +€534
up €534 (+178%), from €300 to €834
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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,761,718 | €25,475,254 | +€3.7m | +17.1% |
| Fixed assets | 21/28 | €21,760,828 | €25,474,674 | +€3.7m | +17.1% |
| Financial fixed assets | 28 | €21,760,828 | €25,474,674 | +€3.7m | +17.1% |
| Current assets | 29/58 | €890 | €579 | -€311 | -34.9% |
| Cash at bank and in hand | 54/58 | €890 | €579 | -€311 | -34.9% |
| Total equity and liabilities | 10/49 | €21,761,718 | €25,475,254 | +€3.7m | +17.1% |
| Equity | 10/15 | €21,731,267 | €25,427,416 | +€3.7m | +17.0% |
| Contributions | 10/11 | €21,760,828 | €25,474,674 | +€3.7m | +17.1% |
| Profit (loss) carried forward | 14 | -€29,561 | -€47,258 | -€17,697 | -59.9% |
| Amounts payable | 17/49 | €30,451 | €47,837 | +€17,386 | +57.1% |
| Amounts payable within one year | 42/48 | €30,451 | €47,837 | +€17,386 | +57.1% |
| Trade debts | 44 | - | €386 | +€386 | |
| Suppliers | 440/4 | - | €386 | +€386 | |
| Other amounts payable | 47/48 | €30,451 | €47,451 | +€17,000 | +55.8% |
| Other operating charges | 640/8 | €300 | €834 | +€534 | +178% |
| Gross operating margin | 9900 | -€27,539 | -€15,985 | +€11,555 | +42.0% |
| Operating profit (loss) | 9901 | -€27,839 | -€16,819 | +€11,020 | +39.6% |
| Financial charges | 65/66B | €1,722 | €878 | -€844 | -49.0% |
| Recurring financial charges | 65 | €1,722 | €878 | -€844 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | -€29,561 | -€17,697 | +€11,865 | +40.1% |
| Profit (loss) for the period | 9904 | -€29,561 | -€17,697 | +€11,865 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,561 | -€17,697 | +€11,865 | +40.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.