MAXXIMUM GROUP: 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.
MAXXIMUM GROUP
Largest movements
- Tangible fixed assets -€1.5m
down €1.5m (-84.8%), from €1.8m to €272,520
of which Land and buildings: -€1.3m
- Receivables within one year +€698,177
up €698,177 (+367.6%), from €189,954 to €888,131
of which Other amounts receivable: +€717,641
- Cash +€612,571
up €612,571 (+149590.1%), from €410 to €612,981
mainly Investment in fixed assets (net) (+€1.5m) and Net result for the year (+€455,588)
- Stocks and contracts +€366,380
new in 2025: €366,380
- Current investments -€37,000
no longer reported in 2025 (was €37,000)
- Reserves +€463,461
up €463,461 (+32.4%), from €1.4m to €1.9m
of which Tax-exempt reserves: +€463,461
- Provisions +€174,824
up €174,824 (+41.4%), from €422,274 to €597,099
of which Deferred taxes: +€154,487
- Short-term financial debts -€153,322
down €153,322 (-99.4%), from €154,201 to €879
- Debts after one year -€115,256
down €115,256 (-29.3%), from €393,599 to €278,343
of which Other amounts payable: -€78,149
- Trade debts -€98,969
down €98,969 (-97.8%), from €101,230 to €2,262
- Gross operating margin +€541,568
up €541,568 (+232.9%), from €232,554 to €774,122
- Depreciation -€159,825
down €159,825 (-95.7%), from €167,059 to €7,234
- Provisions +€29,664
new in 2025: €29,664
- Financial charges +€21,706
up €21,706 (+28.0%), from €77,553 to €99,260
- Taxes +€11,739
up €11,739 (+387.3%), from €3,031 to €14,770
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 | €2,026,636 | €2,148,452 | +€121,816 | +6.0% |
| Fixed assets | 21/28 | €1,791,398 | €273,960 | -€1.5m | -84.7% |
| Tangible fixed assets | 22/27 | €1,789,958 | €272,520 | -€1.5m | -84.8% |
| Land and buildings | 22 | €1,515,615 | €253,729 | -€1.3m | -83.3% |
| Furniture and vehicles | 24 | €272,525 | €16,974 | -€255,551 | -93.8% |
| Other tangible fixed assets | 26 | €1,817 | €1,817 | = | 0.0% |
| Financial fixed assets | 28 | €1,440 | €1,440 | = | 0.0% |
| Current assets | 29/58 | €235,239 | €1,874,492 | +€1.6m | +696.8% |
| Stocks and contracts in progress | 3 | - | €366,380 | +€366,380 | |
| Stocks | 30/36 | - | €366,380 | +€366,380 | |
| Amounts receivable within one year | 40/41 | €189,954 | €888,131 | +€698,177 | +367.6% |
| Trade receivables | 40 | €188,182 | €168,718 | -€19,464 | -10.3% |
| Other amounts receivable | 41 | €1,772 | €719,413 | +€717,641 | +40506.5% |
| Current investments | 50/53 | €37,000 | - | -€37,000 | |
| Cash at bank and in hand | 54/58 | €410 | €612,981 | +€612,571 | +149590.1% |
| Deferred charges and accrued income | 490/1 | €7,875 | €7,000 | -€875 | -11.1% |
| Total equity and liabilities | 10/49 | €2,026,636 | €2,148,452 | +€121,816 | +6.0% |
| Equity | 10/15 | €661,140 | €1,116,729 | +€455,588 | +68.9% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | - | -€250,000 | |
| Issued capital | 100 | €250,000 | - | -€250,000 | |
| Revaluation surpluses | 12 | €206,000 | €206,000 | = | 0.0% |
| Reserves | 13 | €1,428,333 | €1,891,794 | +€463,461 | +32.4% |
| Tax-exempt reserves | 132 | €1,354,333 | €1,817,794 | +€463,461 | +34.2% |
| Distributable reserves | 133 | €74,000 | €74,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,223,193 | -€1,231,065 | -€7,872 | -0.6% |
| Provisions and deferred taxes | 16 | €422,274 | €597,099 | +€174,824 | +41.4% |
| Provisions for liabilities and charges | 160/5 | €422,274 | €442,612 | +€20,337 | +4.8% |
| Environmental obligations | 163 | €422,274 | €412,947 | -€9,327 | -2.2% |
| Other liabilities and charges | 164/5 | - | €29,664 | +€29,664 | |
| Deferred taxes | 168 | - | €154,487 | +€154,487 | |
| Amounts payable | 17/49 | €943,222 | €434,625 | -€508,597 | -53.9% |
| Amounts payable after more than one year | 17 | €393,599 | €278,343 | -€115,256 | -29.3% |
| Financial debts | 170/4 | €315,451 | €278,343 | -€37,108 | -11.8% |
| Other amounts payable | 178/9 | €78,149 | - | -€78,149 | |
| Amounts payable within one year | 42/48 | €549,623 | €156,282 | -€393,340 | -71.6% |
| Current portion of amounts payable after more than one year | 42 | €120,141 | €23,763 | -€96,377 | -80.2% |
| Financial debts | 43 | €154,201 | €879 | -€153,322 | -99.4% |
| Credit institutions | 430/8 | €154,201 | €879 | -€153,322 | -99.4% |
| Trade debts | 44 | €101,230 | €2,262 | -€98,969 | -97.8% |
| Suppliers | 440/4 | €101,230 | €2,262 | -€98,969 | -97.8% |
| Taxes, remuneration and social security | 45 | €119,571 | €106,471 | -€13,100 | -11.0% |
| Taxes | 450/3 | €119,571 | €106,471 | -€13,100 | -11.0% |
| Other amounts payable | 47/48 | €54,479 | €22,907 | -€31,572 | -58.0% |
| Non-recurring operating income | 76A | - | €753,272 | +€753,272 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,059 | €7,234 | -€159,825 | -95.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €29,664 | +€29,664 | |
| Other operating charges | 640/8 | €16,844 | €23,514 | +€6,670 | +39.6% |
| Gross operating margin | 9900 | €232,554 | €774,122 | +€541,568 | +232.9% |
| Operating profit (loss) | 9901 | €48,651 | €713,710 | +€665,059 | +1367.0% |
| Financial income | 75/76B | €0 | €10,395 | +€10,394 | +2887305.6% |
| Recurring financial income | 75 | €0 | €10,395 | +€10,394 | +2887305.6% |
| Financial charges | 65/66B | €77,553 | €99,260 | +€21,706 | +28.0% |
| Recurring financial charges | 65 | €77,553 | €99,260 | +€21,706 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,902 | €624,845 | +€653,747 | |
| Transfer to deferred taxes | 680 | - | €154,487 | +€154,487 | |
| Income taxes | 67/77 | €3,031 | €14,770 | +€11,739 | +387.3% |
| Profit (loss) for the period | 9904 | -€31,933 | €455,588 | +€487,522 | |
| Transfer to tax-exempt reserves | 689 | - | €463,461 | +€463,461 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,933 | -€7,872 | +€24,061 | +75.3% |
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.