Maxxccel: 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.
Maxxccel
Largest movements
- Current investments -€335,000
down €335,000 (-72.8%), from €460,000 to €125,000
- Receivables within one year +€281,692
up €281,692 (+19503.7%), from €1,444 to €283,136
- Tangible fixed assets +€58,525
up €58,525, from €0 to €58,525
- Cash +€5,365
up €5,365 (+85.8%), from €6,253 to €11,618
mainly Current investments (+€335,000) and Depreciation (+€10,927)
- Profit (loss) carried forward +€8,885
up €8,885 (+70.3%), from -€12,642 to -€3,757
- Gross operating margin -€402,286
down €402,286 (-99.1%), from €406,130 to €3,844
- Depreciation +€10,927
up €10,927, from €0 to €10,927
- Financial income +€8,084
up €8,084 (+89.9%), from €8,992 to €17,076
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 | €468,768 | €478,278 | +€9,511 | +2.0% |
| Fixed assets | 21/28 | €0 | €58,525 | +€58,525 | |
| Tangible fixed assets | 22/27 | €0 | €58,525 | +€58,525 | |
| Land and buildings | 22 | €0 | €58,525 | +€58,525 | |
| Current assets | 29/58 | €468,768 | €419,753 | -€49,014 | -10.5% |
| Amounts receivable within one year | 40/41 | €1,444 | €283,136 | +€281,692 | +19503.7% |
| Other amounts receivable | 41 | €1,444 | €283,136 | +€281,692 | +19503.7% |
| Current investments | 50/53 | €460,000 | €125,000 | -€335,000 | -72.8% |
| Cash at bank and in hand | 54/58 | €6,253 | €11,618 | +€5,365 | +85.8% |
| Deferred charges and accrued income | 490/1 | €1,070 | €0 | -€1,070 | -100.0% |
| Total equity and liabilities | 10/49 | €468,768 | €478,278 | +€9,511 | +2.0% |
| Equity | 10/15 | €363,918 | €372,803 | +€8,885 | +2.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €315,060 | €315,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €512 | €512 | = | 0.0% |
| Legal reserve | 130 | €512 | €512 | = | 0.0% |
| Tax-exempt reserves | 132 | €314,549 | €314,549 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,642 | -€3,757 | +€8,885 | +70.3% |
| Provisions and deferred taxes | 16 | €104,850 | €104,850 | = | 0.0% |
| Deferred taxes | 168 | €104,850 | €104,850 | = | 0.0% |
| Amounts payable | 17/49 | - | €625 | +€625 | |
| Amounts payable within one year | 42/48 | - | €625 | +€625 | |
| Trade debts | 44 | - | €625 | +€625 | |
| Suppliers | 440/4 | - | €625 | +€625 | |
| Non-recurring operating income | 76A | €419,398 | €0 | -€419,398 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €10,927 | +€10,927 | |
| Other operating charges | 640/8 | €1,752 | €907 | -€845 | -48.2% |
| Gross operating margin | 9900 | €406,130 | €3,844 | -€402,286 | -99.1% |
| Operating profit (loss) | 9901 | €404,378 | -€7,990 | -€412,368 | |
| Financial income | 75/76B | €8,992 | €17,076 | +€8,084 | +89.9% |
| Recurring financial income | 75 | €8,992 | €17,076 | +€8,084 | +89.9% |
| Financial charges | 65/66B | €150 | €200 | +€50 | +33.4% |
| Recurring financial charges | 65 | €150 | €200 | +€50 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €413,220 | €8,885 | -€404,334 | -97.8% |
| Transfer to deferred taxes | 680 | €104,850 | €0 | -€104,850 | -100.0% |
| Profit (loss) for the period | 9904 | €308,370 | €8,885 | -€299,485 | -97.1% |
| Transfer to tax-exempt reserves | 689 | €314,549 | €0 | -€314,549 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,178 | €8,885 | +€15,064 |
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 4 October 2026 via checked.be.