MAXCORP: 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.
MAXCORP
Largest movements
- Receivables within one year -€632,944
down €632,944 (-37.7%), from €1.7m to €1.0m
of which Other amounts receivable: -€670,821
- Cash -€27,515
down €27,515 (-97.6%), from €28,205 to €690
mainly Current portion of long-term debt (-€690,000) and Other debts (-€35,602)
- Current portion of long-term debt -€690,000
down €690,000 (-53.1%), from €1.3m to €610,000
- Profit (loss) carried forward +€53,881
up €53,881 (+480.9%), from €11,204 to €65,086
- Other debts -€35,602
down €35,602 (-7.0%), from €507,859 to €472,257
- Financial income +€115,834
up €115,834 (+579170600.0%), from €0 to €115,834
- Financial charges +€28,731
up €28,731 (+64.3%), from €44,687 to €73,418
- Gross operating margin -€11,796
down €11,796 (-49.7%), from €23,723 to €11,927
- Depreciation -€989
down €989 (-75.3%), from €1,314 to €325
- Other operating charges -€789
down €789 (-85.2%), from €926 to €137
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 | €1,849,950 | €1,190,728 | -€659,222 | -35.6% |
| Fixed assets | 21/28 | €144,951 | €144,626 | -€325 | -0.2% |
| Tangible fixed assets | 22/27 | €650 | €325 | -€325 | -50.0% |
| Other tangible fixed assets | 26 | €650 | €325 | -€325 | -50.0% |
| Financial fixed assets | 28 | €144,301 | €144,301 | = | 0.0% |
| Current assets | 29/58 | €1,705,000 | €1,046,102 | -€658,897 | -38.6% |
| Amounts receivable within one year | 40/41 | €1,676,795 | €1,043,851 | -€632,944 | -37.7% |
| Trade receivables | 40 | €133,511 | €171,389 | +€37,878 | +28.4% |
| Other amounts receivable | 41 | €1,543,283 | €872,462 | -€670,821 | -43.5% |
| Cash at bank and in hand | 54/58 | €28,205 | €690 | -€27,515 | -97.6% |
| Deferred charges and accrued income | 490/1 | - | €1,562 | +€1,562 | |
| Total equity and liabilities | 10/49 | €1,849,950 | €1,190,728 | -€659,222 | -35.6% |
| Equity | 10/15 | €29,804 | €83,686 | +€53,881 | +180.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,204 | €65,086 | +€53,881 | +480.9% |
| Amounts payable | 17/49 | €1,820,146 | €1,107,043 | -€713,103 | -39.2% |
| Amounts payable within one year | 42/48 | €1,820,146 | €1,106,407 | -€713,739 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €1,300,000 | €610,000 | -€690,000 | -53.1% |
| Financial debts | 43 | - | €9,610 | +€9,610 | |
| Credit institutions | 430/8 | - | €9,610 | +€9,610 | |
| Trade debts | 44 | €12,156 | €14,539 | +€2,383 | +19.6% |
| Suppliers | 440/4 | €12,156 | €14,539 | +€2,383 | +19.6% |
| Taxes, remuneration and social security | 45 | €130 | - | -€130 | |
| Taxes | 450/3 | €130 | - | -€130 | |
| Other amounts payable | 47/48 | €507,859 | €472,257 | -€35,602 | -7.0% |
| Accrued charges and deferred income | 492/3 | - | €636 | +€636 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,314 | €325 | -€989 | -75.3% |
| Other operating charges | 640/8 | €926 | €137 | -€789 | -85.2% |
| Gross operating margin | 9900 | €23,723 | €11,927 | -€11,796 | -49.7% |
| Operating profit (loss) | 9901 | €21,483 | €11,465 | -€10,018 | -46.6% |
| Financial income | 75/76B | €0 | €115,834 | +€115,834 | +579170600.0% |
| Recurring financial income | 75 | €0 | €115,834 | +€115,834 | +579170600.0% |
| Financial charges | 65/66B | €44,687 | €73,418 | +€28,731 | +64.3% |
| Recurring financial charges | 65 | €44,687 | €73,418 | +€28,731 | +64.3% |
| Profit (loss) for the period before taxes | 9903 | -€23,204 | €53,881 | +€77,085 | |
| Profit (loss) for the period | 9904 | -€23,204 | €53,881 | +€77,085 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,204 | €53,881 | +€77,085 |
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 29 September 2026 via checked.be.