Maximage: what changed
Maximage
Largest movements
- Receivables within one year -€1,500
down €1,500 (-75.1%), from €1,996 to €496
- Deferred charges and accrued income -€244
no longer reported in 2025 (was €244)
- Tangible fixed assets -€72
no longer reported in 2025 (was €72)
- Short-term financial debts +€3,948
up €3,948 (+39.8%), from €9,924 to €13,872
- Profit (loss) carried forward -€3,487
down €3,487 (-10.7%), from -€32,642 to -€36,129
- Trade debts -€1,483
down €1,483 (-50.2%), from €2,956 to €1,473
- Tax, wage and social debts -€1,159
down €1,159 (-82.0%), from €1,414 to €255
- Other debts +€355
up €355 (+48.6%), from €731 to €1,086
- Gross operating margin -€9,357
down €9,357, from €8,548 to -€808
- Financial charges -€388
down €388 (-14.1%), from €2,741 to €2,353
- Taxes -€127
no longer reported in 2025 (was €127)
- Depreciation -€88
down €88 (-55.1%), from €160 to €72
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,350 | €524 | -€1,826 | -77.7% |
| Fixed assets | 21/28 | €72 | - | -€72 | |
| Tangible fixed assets | 22/27 | €72 | - | -€72 | |
| Furniture and vehicles | 24 | €72 | - | -€72 | |
| Current assets | 29/58 | €2,278 | €524 | -€1,755 | -77.0% |
| Amounts receivable within one year | 40/41 | €1,996 | €496 | -€1,500 | -75.1% |
| Other amounts receivable | 41 | €1,996 | €496 | -€1,500 | -75.1% |
| Cash at bank and in hand | 54/58 | €38 | €27 | -€10 | -27.4% |
| Deferred charges and accrued income | 490/1 | €244 | - | -€244 | |
| Total equity and liabilities | 10/49 | €2,350 | €524 | -€1,826 | -77.7% |
| Equity | 10/15 | -€12,907 | -€16,395 | -€3,487 | -27.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,535 | €13,535 | = | 0.0% |
| Non-distributable reserves | 130/1 | €738 | €738 | = | 0.0% |
| Reserves not available under the articles | 1311 | €738 | €738 | = | 0.0% |
| Distributable reserves | 133 | €12,797 | €12,797 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,642 | -€36,129 | -€3,487 | -10.7% |
| Amounts payable | 17/49 | €15,257 | €16,918 | +€1,661 | +10.9% |
| Amounts payable within one year | 42/48 | €15,257 | €16,918 | +€1,661 | +10.9% |
| Financial debts | 43 | €9,924 | €13,872 | +€3,948 | +39.8% |
| Credit institutions | 430/8 | €9,924 | €13,872 | +€3,948 | +39.8% |
| Trade debts | 44 | €2,956 | €1,473 | -€1,483 | -50.2% |
| Suppliers | 440/4 | €2,956 | €1,473 | -€1,483 | -50.2% |
| Advances received on contracts in progress | 46 | €233 | €233 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,414 | €255 | -€1,159 | -82.0% |
| Taxes | 450/3 | €1,414 | €255 | -€1,159 | -82.0% |
| Other amounts payable | 47/48 | €731 | €1,086 | +€355 | +48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160 | €72 | -€88 | -55.1% |
| Other operating charges | 640/8 | €311 | €254 | -€56 | -18.2% |
| Gross operating margin | 9900 | €8,548 | -€808 | -€9,357 | |
| Operating profit (loss) | 9901 | €8,078 | -€1,134 | -€9,212 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,741 | €2,353 | -€388 | -14.1% |
| Recurring financial charges | 65 | €2,741 | €2,353 | -€388 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €5,337 | -€3,487 | -€8,825 | |
| Income taxes | 67/77 | €127 | - | -€127 | |
| Profit (loss) for the period | 9904 | €5,210 | -€3,487 | -€8,697 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,210 | -€3,487 | -€8,697 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.