Maxarco: 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.
Maxarco
Largest movements
- Current investments +€4.0m
up €4.0m (+1862.6%), from €216,142 to €4.2m
- Financial fixed assets -€3.1m
down €3.1m (-100.0%), from €3.1m to €0
- Reserves +€925,395
up €925,395 (+150.6%), from €614,623 to €1.5m
- Other debts -€100,000
down €100,000 (-3.7%), from €2.7m to €2.6m
- Tax, wage and social debts +€78,037
new in 2025: €78,037
- Financial income +€811,945
up €811,945 (+355.3%), from €228,512 to €1.0m
- Financial charges +€223,073
up €223,073, from -€212,560 to €10,513
- Taxes +€53,186
up €53,186 (+135.2%), from €39,353 to €92,539
- Other operating charges +€3,916
up €3,916 (+84.8%), from €4,617 to €8,533
- Gross operating margin +€92
up €92 (+2.6%), from -€3,570 to -€3,478
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 | €3,343,492 | €4,246,924 | +€903,432 | +27.0% |
| Fixed assets | 21/28 | €3,094,040 | €0 | -€3.1m | -100.0% |
| Financial fixed assets | 28 | €3,094,040 | €0 | -€3.1m | -100.0% |
| Current assets | 29/58 | €249,452 | €4,246,924 | +€4.0m | +1602.5% |
| Amounts receivable within one year | 40/41 | €29,200 | €0 | -€29,200 | -100.0% |
| Other amounts receivable | 41 | €29,200 | €0 | -€29,200 | -100.0% |
| Current investments | 50/53 | €216,142 | €4,242,000 | +€4.0m | +1862.6% |
| Cash at bank and in hand | 54/58 | €4,110 | €4,924 | +€814 | +19.8% |
| Total equity and liabilities | 10/49 | €3,343,492 | €4,246,924 | +€903,432 | +27.0% |
| Equity | 10/15 | €619,623 | €1,545,017 | +€925,395 | +149.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €614,623 | €1,540,017 | +€925,395 | +150.6% |
| Distributable reserves | 133 | €614,623 | €1,540,017 | +€925,395 | +150.6% |
| Amounts payable | 17/49 | €2,723,869 | €2,701,906 | -€21,963 | -0.8% |
| Amounts payable within one year | 42/48 | €2,723,869 | €2,701,906 | -€21,963 | -0.8% |
| Taxes, remuneration and social security | 45 | - | €78,037 | +€78,037 | |
| Taxes | 450/3 | - | €78,037 | +€78,037 | |
| Other amounts payable | 47/48 | €2,723,869 | €2,623,869 | -€100,000 | -3.7% |
| Other operating charges | 640/8 | €4,617 | €8,533 | +€3,916 | +84.8% |
| Gross operating margin | 9900 | -€3,570 | -€3,478 | +€92 | +2.6% |
| Operating profit (loss) | 9901 | -€8,187 | -€12,011 | -€3,824 | -46.7% |
| Financial income | 75/76B | €228,512 | €1,040,458 | +€811,945 | +355.3% |
| Recurring financial income | 75 | €228,512 | €1,040,458 | +€811,945 | +355.3% |
| Financial charges | 65/66B | -€212,560 | €10,513 | +€223,073 | |
| Recurring financial charges | 65 | -€212,560 | €10,513 | +€223,073 | |
| Profit (loss) for the period before taxes | 9903 | €432,886 | €1,017,934 | +€585,048 | +135.2% |
| Income taxes | 67/77 | €39,353 | €92,539 | +€53,186 | +135.2% |
| Profit (loss) for the period | 9904 | €393,533 | €925,395 | +€531,862 | +135.2% |
| Profit (loss) for the period to be appropriated | 9905 | €393,533 | €925,395 | +€531,862 | +135.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.