MAXANCO: 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.
MAXANCO
Largest movements
- Tangible fixed assets -€60,636
down €60,636 (-7.4%), from €814,540 to €753,903
of which Land and buildings: -€37,329
- Current portion of long-term debt -€75,000
down €75,000 (-60.0%), from €125,000 to €50,000
- Profit (loss) carried forward +€52,738
up €52,738 (+13.9%), from €379,062 to €431,801
- Debts after one year -€50,000
down €50,000 (-33.3%), from €150,000 to €100,000
- Other debts +€10,500
up €10,500 (+13.6%), from €77,000 to €87,500
- Gross operating margin -€10,360
down €10,360 (-6.7%), from €154,319 to €143,959
- Financial charges -€4,760
down €4,760 (-40.6%), from €11,725 to €6,966
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 | €856,049 | €787,935 | -€68,114 | -8.0% |
| Fixed assets | 21/28 | €814,540 | €753,903 | -€60,636 | -7.4% |
| Tangible fixed assets | 22/27 | €814,540 | €753,903 | -€60,636 | -7.4% |
| Land and buildings | 22 | €599,392 | €562,063 | -€37,329 | -6.2% |
| Plant, machinery and equipment | 23 | €207,844 | €187,220 | -€20,625 | -9.9% |
| Furniture and vehicles | 24 | €3,803 | €1,121 | -€2,683 | -70.5% |
| Other tangible fixed assets | 26 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €41,509 | €34,032 | -€7,477 | -18.0% |
| Amounts receivable within one year | 40/41 | €30,674 | €26,223 | -€4,450 | -14.5% |
| Trade receivables | 40 | €28,174 | €26,223 | -€1,950 | -6.9% |
| Other amounts receivable | 41 | €2,500 | - | -€2,500 | |
| Cash at bank and in hand | 54/58 | €9,365 | €6,217 | -€3,148 | -33.6% |
| Deferred charges and accrued income | 490/1 | €1,471 | €1,592 | +€121 | +8.2% |
| Total equity and liabilities | 10/49 | €856,049 | €787,935 | -€68,114 | -8.0% |
| Equity | 10/15 | €464,110 | €516,849 | +€52,738 | +11.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €23,548 | €23,548 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,398 | €17,398 | = | 0.0% |
| Profit (loss) carried forward | 14 | €379,062 | €431,801 | +€52,738 | +13.9% |
| Amounts payable | 17/49 | €391,939 | €271,086 | -€120,852 | -30.8% |
| Amounts payable after more than one year | 17 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Financial debts | 170/4 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Amounts payable within one year | 42/48 | €239,412 | €167,462 | -€71,950 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €125,000 | €50,000 | -€75,000 | -60.0% |
| Trade debts | 44 | €8,273 | €742 | -€7,531 | -91.0% |
| Suppliers | 440/4 | €8,273 | €742 | -€7,531 | -91.0% |
| Taxes, remuneration and social security | 45 | €29,139 | €29,220 | +€81 | +0.3% |
| Taxes | 450/3 | €29,139 | €29,220 | +€81 | +0.3% |
| Other amounts payable | 47/48 | €77,000 | €87,500 | +€10,500 | +13.6% |
| Accrued charges and deferred income | 492/3 | €2,527 | €3,625 | +€1,098 | +43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,136 | €60,636 | -€1,500 | -2.4% |
| Other operating charges | 640/8 | €3,902 | €3,861 | -€42 | -1.1% |
| Gross operating margin | 9900 | €154,319 | €143,959 | -€10,360 | -6.7% |
| Operating profit (loss) | 9901 | €88,280 | €79,461 | -€8,819 | -10.0% |
| Financial income | 75/76B | - | €65 | +€65 | |
| Recurring financial income | 75 | - | €65 | +€65 | |
| Financial charges | 65/66B | €11,725 | €6,966 | -€4,760 | -40.6% |
| Recurring financial charges | 65 | €11,725 | €6,966 | -€4,760 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €76,555 | €72,561 | -€3,994 | -5.2% |
| Income taxes | 67/77 | €20,478 | €19,823 | -€655 | -3.2% |
| Profit (loss) for the period | 9904 | €56,077 | €52,738 | -€3,338 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,077 | €52,738 | -€3,338 | -6.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.