MAXBIZ: 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.
MAXBIZ
Largest movements
- Tangible fixed assets +€304,386
up €304,386 (+24.9%), from €1.2m to €1.5m
of which Land and buildings: +€295,085
- Cash -€70,964
down €70,964 (-41.6%), from €170,515 to €99,551
mainly Investment in fixed assets (net) (-€341,613) and Receivables within one year (-€15,859)
- Intangible fixed assets -€59,914
down €59,914 (-13.6%), from €439,586 to €379,672
- Reserves +€127,735
up €127,735 (+14.2%), from €896,438 to €1.0m
of which Distributable reserves: +€127,735
- Other debts +€30,350
up €30,350 (+4.1%), from €731,531 to €761,881
- Depreciation -€34,627
down €34,627 (-26.3%), from €131,768 to €97,141
- Gross operating margin +€21,488
up €21,488 (+7.0%), from €306,048 to €327,536
- Taxes +€15,512
up €15,512 (+33.9%), from €45,750 to €61,262
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.
Derived cash bridge
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 | €2,585,230 | €2,774,690 | +€189,460 | +7.3% |
| Fixed assets | 21/28 | €1,663,297 | €1,907,769 | +€244,472 | +14.7% |
| Intangible fixed assets | 21 | €439,586 | €379,672 | -€59,914 | -13.6% |
| Tangible fixed assets | 22/27 | €1,223,474 | €1,527,860 | +€304,386 | +24.9% |
| Land and buildings | 22 | €1,101,539 | €1,396,624 | +€295,085 | +26.8% |
| Plant, machinery and equipment | 23 | €1,544 | €1,048 | -€496 | -32.1% |
| Furniture and vehicles | 24 | €120,391 | €9,797 | -€110,594 | -91.9% |
| Other tangible fixed assets | 26 | - | €120,391 | +€120,391 | |
| Financial fixed assets | 28 | €237 | €237 | = | 0.0% |
| Current assets | 29/58 | €921,933 | €866,921 | -€55,012 | -6.0% |
| Amounts receivable within one year | 40/41 | €746,850 | €762,709 | +€15,859 | +2.1% |
| Trade receivables | 40 | €13,319 | €3,428 | -€9,891 | -74.3% |
| Other amounts receivable | 41 | €733,531 | €759,281 | +€25,750 | +3.5% |
| Cash at bank and in hand | 54/58 | €170,515 | €99,551 | -€70,964 | -41.6% |
| Deferred charges and accrued income | 490/1 | €4,568 | €4,661 | +€93 | +2.0% |
| Total equity and liabilities | 10/49 | €2,585,230 | €2,774,690 | +€189,460 | +7.3% |
| Equity | 10/15 | €957,938 | €1,085,673 | +€127,735 | +13.3% |
| 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 | €896,438 | €1,024,173 | +€127,735 | +14.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €890,288 | €1,018,023 | +€127,735 | +14.3% |
| Amounts payable | 17/49 | €1,627,292 | €1,689,017 | +€61,725 | +3.8% |
| Amounts payable after more than one year | 17 | €710,964 | €717,312 | +€6,348 | +0.9% |
| Financial debts | 170/4 | €710,964 | €717,312 | +€6,348 | +0.9% |
| Amounts payable within one year | 42/48 | €907,270 | €962,615 | +€55,345 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €132,729 | €142,994 | +€10,265 | +7.7% |
| Trade debts | 44 | €1,523 | €952 | -€571 | -37.5% |
| Suppliers | 440/4 | €1,523 | €952 | -€571 | -37.5% |
| Taxes, remuneration and social security | 45 | €41,487 | €56,788 | +€15,301 | +36.9% |
| Taxes | 450/3 | €41,487 | €56,788 | +€15,301 | +36.9% |
| Other amounts payable | 47/48 | €731,531 | €761,881 | +€30,350 | +4.1% |
| Accrued charges and deferred income | 492/3 | €9,058 | €9,091 | +€33 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,768 | €97,141 | -€34,627 | -26.3% |
| Other operating charges | 640/8 | €16,497 | €17,034 | +€537 | +3.3% |
| Non-recurring operating charges | 66A | €69 | - | -€69 | |
| Gross operating margin | 9900 | €306,048 | €327,536 | +€21,488 | +7.0% |
| Operating profit (loss) | 9901 | €157,714 | €213,361 | +€55,647 | +35.3% |
| Financial income | 75/76B | €46 | €0 | -€46 | -100.0% |
| Recurring financial income | 75 | €46 | €0 | -€46 | -100.0% |
| Financial charges | 65/66B | €17,497 | €15,793 | -€1,704 | -9.7% |
| Recurring financial charges | 65 | €17,497 | €15,793 | -€1,704 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €140,263 | €197,568 | +€57,305 | +40.9% |
| Income taxes | 67/77 | €45,750 | €61,262 | +€15,512 | +33.9% |
| Profit (loss) for the period | 9904 | €94,513 | €136,306 | +€41,793 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €94,513 | €136,306 | +€41,793 | +44.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.