Maxys: 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.
Maxys
Largest movements
- Current investments -€60,000
down €60,000 (-100%), from €60,000 to €0
- Cash +€36,126
up €36,126 (+187%), from €19,317 to €55,444
mainly Current investments (+€60,000) and Net result for the year (+€51,435)
- Receivables within one year -€2,079
down €2,079 (-14.6%), from €14,205 to €12,126
of which Trade receivables: -€3,046
- Reserves -€23,565
down €23,565 (-40.0%), from €58,966 to €35,400
- Tax, wage and social debts -€6,827
down €6,827 (-44.3%), from €15,417 to €8,589
- Trade debts +€3,462
up €3,462 (+1,082%), from €320 to €3,782
- Other debts +€1,471
up €1,471 (+6.3%), from €23,529 to €25,000
- Gross operating margin +€5,103
up €5,103 (+8.2%), from €62,257 to €67,360
- Taxes +€1,427
up €1,427 (+11.6%), from €12,300 to €13,727
- Financial income +€827
up €827 (+335%), from €247 to €1,074
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
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 | €101,231 | €75,771 | -€25,461 | -25.2% |
| Fixed assets | 21/28 | €7,184 | €7,676 | +€492 | +6.9% |
| Tangible fixed assets | 22/27 | €7,184 | €7,676 | +€492 | +6.9% |
| Furniture and vehicles | 24 | €7,184 | €7,676 | +€492 | +6.9% |
| Current assets | 29/58 | €94,047 | €68,094 | -€25,953 | -27.6% |
| Amounts receivable within one year | 40/41 | €14,205 | €12,126 | -€2,079 | -14.6% |
| Trade receivables | 40 | €13,630 | €10,584 | -€3,046 | -22.3% |
| Other amounts receivable | 41 | €575 | €1,542 | +€967 | +168% |
| Current investments | 50/53 | €60,000 | €0 | -€60,000 | -100% |
| Cash at bank and in hand | 54/58 | €19,317 | €55,444 | +€36,126 | +187% |
| Deferred charges and accrued income | 490/1 | €525 | €525 | = | 0.0% |
| Total equity and liabilities | 10/49 | €101,231 | €75,771 | -€25,461 | -25.2% |
| Equity | 10/15 | €61,966 | €38,400 | -€23,565 | -38.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €58,966 | €35,400 | -€23,565 | -40.0% |
| Distributable reserves | 133 | €58,966 | €35,400 | -€23,565 | -40.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €39,266 | €37,371 | -€1,895 | -4.8% |
| Amounts payable within one year | 42/48 | €39,266 | €37,371 | -€1,895 | -4.8% |
| Trade debts | 44 | €320 | €3,782 | +€3,462 | +1,082% |
| Suppliers | 440/4 | €320 | €3,782 | +€3,462 | +1,082% |
| Taxes, remuneration and social security | 45 | €15,417 | €8,589 | -€6,827 | -44.3% |
| Taxes | 450/3 | €15,417 | €8,589 | -€6,827 | -44.3% |
| Other amounts payable | 47/48 | €23,529 | €25,000 | +€1,471 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,346 | €2,607 | +€261 | +11.1% |
| Other operating charges | 640/8 | €577 | €593 | +€16 | +2.8% |
| Gross operating margin | 9900 | €62,257 | €67,360 | +€5,103 | +8.2% |
| Operating profit (loss) | 9901 | €59,334 | €64,160 | +€4,825 | +8.1% |
| Financial income | 75/76B | €247 | €1,074 | +€827 | +335% |
| Recurring financial income | 75 | €247 | €1,074 | +€827 | +335% |
| Financial charges | 65/66B | €77 | €72 | -€5 | -6.7% |
| Recurring financial charges | 65 | €77 | €72 | -€5 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €59,504 | €65,162 | +€5,658 | +9.5% |
| Income taxes | 67/77 | €12,300 | €13,727 | +€1,427 | +11.6% |
| Profit (loss) for the period | 9904 | €47,204 | €51,435 | +€4,231 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,204 | €51,435 | +€4,231 | +9.0% |
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 15 October 2026 via checked.be.