Max'Coiff: 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.
Max'Coiff
Largest movements
- Receivables within one year -€12,684
down €12,684 (-24.0%), from €52,749 to €40,066
of which Trade receivables: -€8,251
- Cash +€5,310
up €5,310 (+59.3%), from €8,954 to €14,263
mainly Receivables within one year (+€12,684) and Net result for the year (+€11,215)
- Tangible fixed assets +€726
up €726 (+15.3%), from €4,733 to €5,459
of which Plant, machinery and equipment: +€1,262
- Trade debts -€12,255
down €12,255 (-55.3%), from €22,144 to €9,888
- Profit (loss) carried forward +€11,215
up €11,215 (+49.8%), from -€22,530 to -€11,315
- Tax, wage and social debts -€5,617
down €5,617 (-8.6%), from €65,076 to €59,460
of which Taxes: -€3,710
- Staff costs -€20,668
down €20,668 (-24.2%), from €85,398 to €64,730
- Gross operating margin +€18,974
up €18,974 (+28.6%), from €66,290 to €85,263
- Other operating charges -€2,844
down €2,844 (-38.7%), from €7,352 to €4,508
- Financial charges -€2,334
down €2,334 (-39.4%), from €5,924 to €3,590
of which Non-recurring financial charges: -€2,670
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.
Cash bridge derived
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 | €67,690 | €61,033 | -€6,657 | -9.8% |
| Fixed assets | 21/28 | €4,733 | €5,459 | +€726 | +15.3% |
| Tangible fixed assets | 22/27 | €4,733 | €5,459 | +€726 | +15.3% |
| Plant, machinery and equipment | 23 | - | €1,262 | +€1,262 | |
| Other tangible fixed assets | 26 | €4,733 | €4,197 | -€537 | -11.3% |
| Current assets | 29/58 | €62,956 | €55,574 | -€7,383 | -11.7% |
| Stocks and contracts in progress | 3 | €1,244 | €1,244 | = | 0.0% |
| Stocks | 30/36 | €1,244 | €1,244 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,749 | €40,066 | -€12,684 | -24.0% |
| Trade receivables | 40 | €8,583 | €333 | -€8,251 | -96.1% |
| Other amounts receivable | 41 | €44,166 | €39,733 | -€4,433 | -10.0% |
| Cash at bank and in hand | 54/58 | €8,954 | €14,263 | +€5,310 | +59.3% |
| Deferred charges and accrued income | 490/1 | €9 | - | -€9 | |
| Total equity and liabilities | 10/49 | €67,690 | €61,033 | -€6,657 | -9.8% |
| Equity | 10/15 | -€19,530 | -€8,315 | +€11,215 | +57.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,530 | -€11,315 | +€11,215 | +49.8% |
| Amounts payable | 17/49 | €87,220 | €69,348 | -€17,872 | -20.5% |
| Amounts payable within one year | 42/48 | €87,220 | €69,348 | -€17,872 | -20.5% |
| Trade debts | 44 | €22,144 | €9,888 | -€12,255 | -55.3% |
| Suppliers | 440/4 | €22,144 | €9,888 | -€12,255 | -55.3% |
| Taxes, remuneration and social security | 45 | €65,076 | €59,460 | -€5,617 | -8.6% |
| Taxes | 450/3 | €45,097 | €41,388 | -€3,710 | -8.2% |
| Remuneration and social security | 454/9 | €19,979 | €18,072 | -€1,907 | -9.5% |
| Remuneration, social security and pensions | 62 | €85,398 | €64,730 | -€20,668 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €537 | €771 | +€235 | +43.7% |
| Other operating charges | 640/8 | €7,352 | €4,508 | -€2,844 | -38.7% |
| Gross operating margin | 9900 | €66,290 | €85,263 | +€18,974 | +28.6% |
| Operating profit (loss) | 9901 | -€26,996 | €15,254 | +€42,250 | |
| Financial income | 75/76B | €22 | €14 | -€8 | -35.7% |
| Recurring financial income | 75 | €22 | €14 | -€8 | -35.7% |
| Financial charges | 65/66B | €5,924 | €3,590 | -€2,334 | -39.4% |
| Recurring financial charges | 65 | €3,254 | €3,590 | +€336 | +10.3% |
| Non-recurring financial charges | 66B | €2,670 | - | -€2,670 | |
| Profit (loss) for the period before taxes | 9903 | -€32,898 | €11,678 | +€44,576 | |
| Income taxes | 67/77 | €473 | €463 | -€10 | -2.1% |
| Profit (loss) for the period | 9904 | -€33,372 | €11,215 | +€44,586 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,372 | €11,215 | +€44,586 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.