MAXAV: what changed
Two financial 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.
MAXAV
Largest movements
- Receivables within one year +€3,320
up €3,320 (+4.2%), from €79,737 to €83,057
of which Trade receivables: +€4,500
- Debts after one year -€22,649
down €22,649 (-37.7%), from €60,000 to €37,351
- Trade debts +€14,010
up €14,010 (+139%), from €10,067 to €24,077
- Profit (loss) carried forward +€8,983
up €8,983 (+39.6%), from -€22,686 to -€13,703
- Tax, wage and social debts +€3,001
new in 2024: €3,001
- Gross operating margin -€15,240
down €15,240 (-55.0%), from €27,731 to €12,491
- Taxes +€3,001
new in 2024: €3,001
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,162 | €83,607 | +€3,445 | +4.3% |
| Current assets | 29/58 | €80,162 | €83,607 | +€3,445 | +4.3% |
| Amounts receivable within one year | 40/41 | €79,737 | €83,057 | +€3,320 | +4.2% |
| Trade receivables | 40 | €39,697 | €44,197 | +€4,500 | +11.3% |
| Other amounts receivable | 41 | €40,040 | €38,860 | -€1,180 | -2.9% |
| Cash at bank and in hand | 54/58 | €2 | €127 | +€125 | +5,342% |
| Deferred charges and accrued income | 490/1 | €422 | €422 | = | 0.0% |
| Total equity and liabilities | 10/49 | €80,162 | €83,607 | +€3,445 | +4.3% |
| Equity | 10/15 | -€2,686 | €6,297 | +€8,983 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,686 | -€13,703 | +€8,983 | +39.6% |
| Amounts payable | 17/49 | €82,848 | €77,310 | -€5,538 | -6.7% |
| Amounts payable after more than one year | 17 | €60,000 | €37,351 | -€22,649 | -37.7% |
| Other amounts payable | 178/9 | €60,000 | €37,351 | -€22,649 | -37.7% |
| Amounts payable within one year | 42/48 | €13,698 | €30,709 | +€17,011 | +124% |
| Trade debts | 44 | €10,067 | €24,077 | +€14,010 | +139% |
| Suppliers | 440/4 | €10,067 | €24,077 | +€14,010 | +139% |
| Advances received on contracts in progress | 46 | €600 | €600 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €3,001 | +€3,001 | |
| Taxes | 450/3 | - | €3,001 | +€3,001 | |
| Other amounts payable | 47/48 | €3,031 | €3,031 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,150 | €9,250 | +€100 | +1.1% |
| Other operating charges | 640/8 | €353 | €462 | +€109 | +31.0% |
| Gross operating margin | 9900 | €27,731 | €12,491 | -€15,240 | -55.0% |
| Operating profit (loss) | 9901 | €27,378 | €12,029 | -€15,350 | -56.1% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €27,334 | €11,984 | -€15,350 | -56.2% |
| Income taxes | 67/77 | - | €3,001 | +€3,001 | |
| Profit (loss) for the period | 9904 | €27,334 | €8,983 | -€18,351 | -67.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,334 | €8,983 | -€18,351 | -67.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.