MXL ORIGINE: 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.
MXL ORIGINE
Largest movements
- Receivables within one year +€55,580
up €55,580 (+317%), from €17,506 to €73,086
of which Trade receivables: +€38,464
- Cash +€19,039
up €19,039 (+70.6%), from €26,976 to €46,016
mainly Net result for the year (+€56,942) and Tax, wage and social debts (+€14,384)
- Stocks and contracts +€8,803
up €8,803 (+107%), from €8,199 to €17,002
- Tangible fixed assets -€7,894
down €7,894 (-18.1%), from €43,646 to €35,753
of which Furniture and vehicles: -€5,390
- Financial fixed assets +€3,992
new in 2025: €3,992
- Reserves +€56,900
up €56,900 (+2,845%), from €2,000 to €58,900
of which Distributable reserves: +€56,900
- Tax, wage and social debts +€14,384
up €14,384 (+34.5%), from €41,737 to €56,121
of which Taxes: +€14,178
- Trade debts +€14,017
up €14,017 (+91.3%), from €15,346 to €29,363
- Current portion of long-term debt -€6,888
down €6,888 (-40.3%), from €17,076 to €10,187
- Short-term financial debts +€2,991
new in 2025: €2,991
- Gross operating margin +€46,073
up €46,073 (+24.3%), from €189,566 to €235,639
- Taxes +€15,713
up €15,713 (+5,300%), from €296 to €16,010
- Staff costs -€15,354
down €15,354 (-9.8%), from €157,198 to €141,844
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 | €96,328 | €177,774 | +€81,446 | +84.6% |
| Fixed assets | 21/28 | €43,646 | €39,745 | -€3,902 | -8.9% |
| Tangible fixed assets | 22/27 | €43,646 | €35,753 | -€7,894 | -18.1% |
| Plant, machinery and equipment | 23 | €8,554 | €7,359 | -€1,195 | -14.0% |
| Furniture and vehicles | 24 | €30,988 | €25,599 | -€5,390 | -17.4% |
| Other tangible fixed assets | 26 | €4,104 | €2,795 | -€1,309 | -31.9% |
| Financial fixed assets | 28 | - | €3,992 | +€3,992 | |
| Current assets | 29/58 | €52,681 | €138,029 | +€85,347 | +162% |
| Stocks and contracts in progress | 3 | €8,199 | €17,002 | +€8,803 | +107% |
| Stocks | 30/36 | €8,199 | €17,002 | +€8,803 | +107% |
| Amounts receivable within one year | 40/41 | €17,506 | €73,086 | +€55,580 | +317% |
| Trade receivables | 40 | €2,532 | €40,996 | +€38,464 | +1,519% |
| Other amounts receivable | 41 | €14,974 | €32,090 | +€17,116 | +114% |
| Cash at bank and in hand | 54/58 | €26,976 | €46,016 | +€19,039 | +70.6% |
| Deferred charges and accrued income | 490/1 | - | €1,925 | +€1,925 | |
| Total equity and liabilities | 10/49 | €96,328 | €177,774 | +€81,446 | +84.6% |
| Equity | 10/15 | €22,169 | €79,111 | +€56,942 | +257% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €58,900 | +€56,900 | +2,845% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | - | €56,900 | +€56,900 | |
| Profit (loss) carried forward | 14 | €169 | €211 | +€42 | +24.7% |
| Amounts payable | 17/49 | €74,158 | €98,662 | +€24,504 | +33.0% |
| Amounts payable within one year | 42/48 | €74,158 | €98,662 | +€24,504 | +33.0% |
| Current portion of amounts payable after more than one year | 42 | €17,076 | €10,187 | -€6,888 | -40.3% |
| Financial debts | 43 | - | €2,991 | +€2,991 | |
| Credit institutions | 430/8 | - | €2,991 | +€2,991 | |
| Trade debts | 44 | €15,346 | €29,363 | +€14,017 | +91.3% |
| Suppliers | 440/4 | €15,346 | €29,363 | +€14,017 | +91.3% |
| Taxes, remuneration and social security | 45 | €41,737 | €56,121 | +€14,384 | +34.5% |
| Taxes | 450/3 | €19,358 | €33,537 | +€14,178 | +73.2% |
| Remuneration and social security | 454/9 | €22,378 | €22,584 | +€206 | +0.9% |
| Remuneration, social security and pensions | 62 | €157,198 | €141,844 | -€15,354 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,225 | €13,404 | -€1,822 | -12.0% |
| Other operating charges | 640/8 | €2,236 | €2,755 | +€519 | +23.2% |
| Gross operating margin | 9900 | €189,566 | €235,639 | +€46,073 | +24.3% |
| Operating profit (loss) | 9901 | €14,906 | €77,636 | +€62,730 | +421% |
| Financial income | 75/76B | €983 | €1,276 | +€294 | +29.9% |
| Recurring financial income | 75 | €983 | €1,276 | +€294 | +29.9% |
| Financial charges | 65/66B | €5,986 | €5,961 | -€25 | -0.4% |
| Recurring financial charges | 65 | €5,986 | €5,961 | -€25 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €9,902 | €72,951 | +€63,049 | +637% |
| Income taxes | 67/77 | €296 | €16,010 | +€15,713 | +5,300% |
| Profit (loss) for the period | 9904 | €9,606 | €56,942 | +€47,336 | +493% |
| Profit (loss) for the period to be appropriated | 9905 | €9,606 | €56,942 | +€47,336 | +493% |
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 22 October 2026 via checked.be.