Vaximum Solutions: 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.
Vaximum Solutions
Largest movements
- Cash -€66,666
down €66,666 (-45.2%), from €147,630 to €80,964
mainly Contributions, distributions and other (-€69,700) and Other debts (-€47,697)
- Receivables within one year +€4,430
up €4,430 (+897%), from €494 to €4,924
of which Trade receivables: +€4,429
- Deferred charges and accrued income +€2,001
up €2,001 (+406%), from €492 to €2,493
- Tangible fixed assets -€1,887
down €1,887 (-28.0%), from €6,730 to €4,844
of which Furniture and vehicles: -€1,831
- Other debts -€47,697
down €47,697 (-39.8%), from €119,802 to €72,105
- Tax, wage and social debts -€14,902
down €14,902 (-47.0%), from €31,716 to €16,814
- Gross operating margin -€27,595
down €27,595 (-21.9%), from €125,872 to €98,277
- Taxes -€3,071
down €3,071 (-11.3%), from €27,154 to €24,083
- Depreciation +€1,316
up €1,316 (+74.5%), from €1,766 to €3,082
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 | €155,646 | €93,524 | -€62,123 | -39.9% |
| Fixed assets | 21/28 | €7,030 | €5,144 | -€1,887 | -26.8% |
| Tangible fixed assets | 22/27 | €6,730 | €4,844 | -€1,887 | -28.0% |
| Plant, machinery and equipment | 23 | €181 | €126 | -€55 | -30.5% |
| Furniture and vehicles | 24 | €6,549 | €4,718 | -€1,831 | -28.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €148,616 | €88,380 | -€60,236 | -40.5% |
| Amounts receivable within one year | 40/41 | €494 | €4,924 | +€4,430 | +897% |
| Trade receivables | 40 | €494 | €4,923 | +€4,429 | +897% |
| Other amounts receivable | 41 | - | €0 | +€0 | |
| Cash at bank and in hand | 54/58 | €147,630 | €80,964 | -€66,666 | -45.2% |
| Deferred charges and accrued income | 490/1 | €492 | €2,493 | +€2,001 | +406% |
| Total equity and liabilities | 10/49 | €155,646 | €93,524 | -€62,123 | -39.9% |
| Equity | 10/15 | €3,144 | €3,065 | -€79 | -2.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144 | €65 | -€79 | -55.1% |
| Amounts payable | 17/49 | €152,502 | €90,459 | -€62,043 | -40.7% |
| Amounts payable within one year | 42/48 | €152,502 | €90,459 | -€62,043 | -40.7% |
| Trade debts | 44 | €984 | €1,539 | +€555 | +56.4% |
| Suppliers | 440/4 | €984 | €1,539 | +€555 | +56.4% |
| Taxes, remuneration and social security | 45 | €31,716 | €16,814 | -€14,902 | -47.0% |
| Taxes | 450/3 | €31,716 | €16,814 | -€14,902 | -47.0% |
| Other amounts payable | 47/48 | €119,802 | €72,105 | -€47,697 | -39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,766 | €3,082 | +€1,316 | +74.5% |
| Other operating charges | 640/8 | €417 | €824 | +€407 | +97.6% |
| Gross operating margin | 9900 | €125,872 | €98,277 | -€27,595 | -21.9% |
| Operating profit (loss) | 9901 | €123,689 | €94,371 | -€29,318 | -23.7% |
| Financial income | 75/76B | €62 | €94 | +€33 | +52.6% |
| Recurring financial income | 75 | €62 | €94 | +€33 | +52.6% |
| Financial charges | 65/66B | €1,168 | €762 | -€406 | -34.8% |
| Recurring financial charges | 65 | €1,168 | €762 | -€406 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €122,582 | €93,703 | -€28,879 | -23.6% |
| Income taxes | 67/77 | €27,154 | €24,083 | -€3,071 | -11.3% |
| Profit (loss) for the period | 9904 | €95,428 | €69,621 | -€25,808 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €95,428 | €69,621 | -€25,808 | -27.0% |
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 20 October 2026 via checked.be.