MAKSIM CONSTRUCT: 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.
MAKSIM CONSTRUCT
Largest movements
- Tangible fixed assets -€13,797
down €13,797 (-100.0%), from €13,797 to €0
- Debts -€15,146
down €15,146 (-57.0%), from €26,575 to €11,428
of which Debts within one year: -€8,558
- Profit (loss) carried forward +€1,233
up €1,233 (+4.9%), from €24,968 to €26,201
- Depreciation -€13,797
no longer reported in 2021 (was €13,797)
- Gross operating margin -€12,812
down €12,812 (-98.1%), from €13,065 to €253
- Taxes -€1,515
down €1,515, from €1,479 to -€35
- Other operating charges +€348
new in 2021: €348
From the 2019 result to the 2021 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,603 | €45,690 | -€13,913 | -23.3% |
| Fixed assets | 21/28 | €13,797 | €0 | -€13,797 | -100.0% |
| Tangible fixed assets | 22/27 | €13,797 | €0 | -€13,797 | -100.0% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €45,806 | €45,690 | -€116 | -0.3% |
| Amounts receivable within one year | 40/41 | €42,339 | €43,777 | +€1,438 | +3.4% |
| Trade receivables | 40 | - | €16,012 | +€16,012 | |
| Other amounts receivable | 41 | - | €27,764 | +€27,764 | |
| Cash at bank and in hand | 54/58 | €794 | €1,913 | +€1,118 | +140.8% |
| Total equity and liabilities | 10/49 | €59,603 | €45,690 | -€13,913 | -23.3% |
| Equity | 10/15 | €33,028 | €34,261 | +€1,233 | +3.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €24,968 | €26,201 | +€1,233 | +4.9% |
| Amounts payable | 17/49 | €26,575 | €11,428 | -€15,146 | -57.0% |
| Amounts payable after more than one year | 17 | €6,588 | - | -€6,588 | |
| Amounts payable within one year | 42/48 | €19,807 | €11,248 | -€8,558 | -43.2% |
| Trade debts | 44 | €1,455 | €718 | -€737 | -50.7% |
| Suppliers | 440/4 | - | €718 | +€718 | |
| Taxes, remuneration and social security | 45 | - | €2,653 | +€2,653 | |
| Taxes | 450/3 | - | €2,653 | +€2,653 | |
| Other amounts payable | 47/48 | - | €7,878 | +€7,878 | |
| Accrued charges and deferred income | 492/3 | - | €180 | +€180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,797 | - | -€13,797 | |
| Other operating charges | 640/8 | - | €348 | +€348 | |
| Gross operating margin | 9900 | €13,065 | €253 | -€12,812 | -98.1% |
| Operating profit (loss) | 9901 | -€1,080 | -€95 | +€985 | +91.2% |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | - | €120 | +€120 | |
| Recurring financial charges | 65 | €446 | €120 | -€326 | -73.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,524 | -€215 | +€1,309 | +85.9% |
| Income taxes | 67/77 | €1,479 | -€35 | -€1,515 | |
| Profit (loss) for the period | 9904 | -€3,003 | -€179 | +€2,824 | +94.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,003 | -€179 | +€2,824 | +94.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.