MAXCONSTRUCTION: 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.
MAXCONSTRUCTION
Largest movements
- Deferred charges and accrued income -€514,574
down €514,574 (-93.5%), from €550,408 to €35,834
- Receivables within one year +€259,942
up €259,942 (+6521.6%), from €3,986 to €263,928
of which Other amounts receivable: +€183,962
- Cash -€151,482
down €151,482 (-27.9%), from €543,481 to €392,000
mainly Debts after one year (-€391,484) and Receivables within one year (-€259,942)
- Debts after one year -€391,484
down €391,484 (-60.3%), from €649,428 to €257,944
- Other debts -€121,110
down €121,110 (-97.5%), from €124,204 to €3,093
- Tax, wage and social debts -€110,457
down €110,457 (-89.8%), from €123,050 to €12,593
- Trade debts +€101,860
up €101,860 (+76.7%), from €132,734 to €234,594
- Reserves +€63,150
new in 2024: €63,150
- Gross operating margin +€58,711
up €58,711 (+52.9%), from €111,082 to €169,793
- Financial charges +€14,472
up €14,472 (+58.9%), from €24,552 to €39,024
- Taxes -€1,914
down €1,914 (-11.3%), from €16,865 to €14,951
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.
Cash bridge derived
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 | €1,097,875 | €691,761 | -€406,114 | -37.0% |
| Current assets | 29/58 | €1,097,875 | €691,761 | -€406,114 | -37.0% |
| Amounts receivable within one year | 40/41 | €3,986 | €263,928 | +€259,942 | +6521.6% |
| Trade receivables | 40 | €3,986 | €79,966 | +€75,980 | +1906.2% |
| Other amounts receivable | 41 | - | €183,962 | +€183,962 | |
| Cash at bank and in hand | 54/58 | €543,481 | €392,000 | -€151,482 | -27.9% |
| Deferred charges and accrued income | 490/1 | €550,408 | €35,834 | -€514,574 | -93.5% |
| Total equity and liabilities | 10/49 | €1,097,875 | €691,761 | -€406,114 | -37.0% |
| Equity | 10/15 | €68,460 | €183,537 | +€115,077 | +168.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €63,150 | +€63,150 | |
| Tax-exempt reserves | 132 | - | €63,150 | +€63,150 | |
| Profit (loss) carried forward | 14 | €67,460 | €119,387 | +€51,927 | +77.0% |
| Amounts payable | 17/49 | €1,029,415 | €508,224 | -€521,190 | -50.6% |
| Amounts payable after more than one year | 17 | €649,428 | €257,944 | -€391,484 | -60.3% |
| Financial debts | 170/4 | €649,428 | €257,944 | -€391,484 | -60.3% |
| Amounts payable within one year | 42/48 | €379,987 | €250,280 | -€129,707 | -34.1% |
| Trade debts | 44 | €132,734 | €234,594 | +€101,860 | +76.7% |
| Suppliers | 440/4 | €132,734 | €234,594 | +€101,860 | +76.7% |
| Taxes, remuneration and social security | 45 | €123,050 | €12,593 | -€110,457 | -89.8% |
| Taxes | 450/3 | €123,050 | €12,593 | -€110,457 | -89.8% |
| Other amounts payable | 47/48 | €124,204 | €3,093 | -€121,110 | -97.5% |
| Other operating charges | 640/8 | €2,205 | €742 | -€1,463 | -66.4% |
| Gross operating margin | 9900 | €111,082 | €169,793 | +€58,711 | +52.9% |
| Operating profit (loss) | 9901 | €108,877 | €169,052 | +€60,174 | +55.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €24,552 | €39,024 | +€14,472 | +58.9% |
| Recurring financial charges | 65 | €24,552 | €39,024 | +€14,472 | +58.9% |
| Profit (loss) for the period before taxes | 9903 | €84,325 | €130,028 | +€45,703 | +54.2% |
| Income taxes | 67/77 | €16,865 | €14,951 | -€1,914 | -11.3% |
| Profit (loss) for the period | 9904 | €67,460 | €115,077 | +€47,616 | +70.6% |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,460 | €51,927 | -€15,534 | -23.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.