MAXV DETAILING: 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.
MAXV DETAILING
Largest movements
- Receivables within one year +€13,579
up €13,579 (+270.5%), from €5,020 to €18,599
of which Trade receivables: +€11,132
- Cash -€1,694
down €1,694 (-8.0%), from €21,235 to €19,541
mainly Receivables within one year (-€13,579) and Other debts (-€3,675)
- Tangible fixed assets -€763
down €763 (-21.5%), from €3,556 to €2,793
- Tax, wage and social debts +€7,542
up €7,542 (+139.8%), from €5,395 to €12,937
- Profit (loss) carried forward +€5,490
new in 2025: €5,490
- Other debts -€3,675
no longer reported in 2025 (was €3,675)
- Trade debts +€1,577
up €1,577 (+38.9%), from €4,057 to €5,634
- Turnover +€107,900
new in 2025: €107,900
- Purchases and services +€36,125
up €36,125 (+57.6%), from €62,770 to €98,895
- Gross operating margin -€13,531
down €13,531 (-60.0%), from €22,535 to €9,005
- Taxes -€4,243
down €4,243 (-68.3%), from €6,209 to €1,966
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 | €30,894 | €41,828 | +€10,934 | +35.4% |
| Fixed assets | 21/28 | €3,556 | €2,793 | -€763 | -21.5% |
| Tangible fixed assets | 22/27 | €3,556 | €2,793 | -€763 | -21.5% |
| Plant, machinery and equipment | 23 | €3,556 | €2,793 | -€763 | -21.5% |
| Current assets | 29/58 | €27,338 | €39,035 | +€11,697 | +42.8% |
| Amounts receivable within one year | 40/41 | €5,020 | €18,599 | +€13,579 | +270.5% |
| Trade receivables | 40 | €5,011 | €16,143 | +€11,132 | +222.2% |
| Other amounts receivable | 41 | €9 | €2,457 | +€2,447 | +26776.8% |
| Cash at bank and in hand | 54/58 | €21,235 | €19,541 | -€1,694 | -8.0% |
| Deferred charges and accrued income | 490/1 | €1,083 | €895 | -€188 | -17.4% |
| Total equity and liabilities | 10/49 | €30,894 | €41,828 | +€10,934 | +35.4% |
| Equity | 10/15 | €17,767 | €23,257 | +€5,490 | +30.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €15,767 | €15,767 | = | 0.0% |
| Distributable reserves | 133 | €15,767 | €15,767 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €5,490 | +€5,490 | |
| Amounts payable | 17/49 | €13,127 | €18,571 | +€5,444 | +41.5% |
| Amounts payable within one year | 42/48 | €13,127 | €18,571 | +€5,444 | +41.5% |
| Trade debts | 44 | €4,057 | €5,634 | +€1,577 | +38.9% |
| Suppliers | 440/4 | €4,057 | €5,634 | +€1,577 | +38.9% |
| Taxes, remuneration and social security | 45 | €5,395 | €12,937 | +€7,542 | +139.8% |
| Taxes | 450/3 | €5,395 | €12,937 | +€7,542 | +139.8% |
| Other amounts payable | 47/48 | €3,675 | - | -€3,675 | |
| Turnover | 70 | - | €107,900 | +€107,900 | |
| Non-recurring operating income | 76A | €85,305 | - | -€85,305 | |
| Goods, raw materials, services and sundry goods | 60/61 | €62,770 | €98,895 | +€36,125 | +57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259 | €763 | +€504 | +194.4% |
| Other operating charges | 640/8 | €151 | €630 | +€480 | +318.2% |
| Gross operating margin | 9900 | €22,535 | €9,005 | -€13,531 | -60.0% |
| Operating profit (loss) | 9901 | €22,125 | €7,611 | -€14,514 | -65.6% |
| Financial income | 75/76B | €0 | €151 | +€151 | +43037.1% |
| Recurring financial income | 75 | €0 | €151 | +€151 | +43037.1% |
| Financial charges | 65/66B | €150 | €306 | +€156 | +104.3% |
| Recurring financial charges | 65 | €92 | €57 | -€35 | -38.1% |
| Non-recurring financial charges | 66B | €58 | €250 | +€192 | +330.2% |
| Profit (loss) for the period before taxes | 9903 | €21,976 | €7,456 | -€14,520 | -66.1% |
| Income taxes | 67/77 | €6,209 | €1,966 | -€4,243 | -68.3% |
| Profit (loss) for the period | 9904 | €15,767 | €5,490 | -€10,277 | -65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,767 | €5,490 | -€10,277 | -65.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.