MAXELBEAUTY: 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.
MAXELBEAUTY
Largest movements
- Cash -€30,692
down €30,692 (-41.5%), from €73,969 to €43,278
mainly Net result for the year (-€31,268) and Receivables within one year (-€8,424)
- Receivables within one year +€8,424
up €8,424 (+62.3%), from €13,512 to €21,936
of which Trade receivables: +€8,424
- Stocks and contracts -€4,360
down €4,360 (-94.8%), from €4,600 to €240
- Tangible fixed assets -€3,368
down €3,368 (-20.1%), from €16,767 to €13,399
of which Plant, machinery and equipment: -€3,152
- Reserves -€26,042
down €26,042 (-100%), from €26,042 to €0
- Tax, wage and social debts +€5,473
up €5,473 (+61.8%), from €8,852 to €14,325
of which Remuneration and social security: +€3,000
- Other debts -€5,425
down €5,425 (-33.1%), from €16,396 to €10,971
- Profit (loss) carried forward -€5,226
down €5,226 (-10.5%), from -€49,545 to -€54,771
- Trade debts +€1,224
up €1,224 (+12.7%), from €9,603 to €10,827
- Gross operating margin +€11,437
up €11,437 (+33.7%), from -€33,967 to -€22,530
- Depreciation -€2,192
down €2,192 (-24.9%), from €8,809 to €6,618
- Other operating charges +€898
up €898 (+99.8%), from €900 to €1,798
- Financial charges -€422
down €422 (-75.4%), from €559 to €138
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 | €109,948 | €79,953 | -€29,995 | -27.3% |
| Fixed assets | 21/28 | €16,767 | €13,399 | -€3,368 | -20.1% |
| Tangible fixed assets | 22/27 | €16,767 | €13,399 | -€3,368 | -20.1% |
| Plant, machinery and equipment | 23 | €14,847 | €11,695 | -€3,152 | -21.2% |
| Furniture and vehicles | 24 | €1,919 | €1,704 | -€216 | -11.2% |
| Current assets | 29/58 | €93,181 | €66,554 | -€26,628 | -28.6% |
| Stocks and contracts in progress | 3 | €4,600 | €240 | -€4,360 | -94.8% |
| Stocks | 30/36 | €4,600 | €240 | -€4,360 | -94.8% |
| Amounts receivable within one year | 40/41 | €13,512 | €21,936 | +€8,424 | +62.3% |
| Trade receivables | 40 | €8,518 | €16,942 | +€8,424 | +98.9% |
| Other amounts receivable | 41 | €4,995 | €4,995 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €73,969 | €43,278 | -€30,692 | -41.5% |
| Deferred charges and accrued income | 490/1 | €1,100 | €1,100 | = | 0.0% |
| Total equity and liabilities | 10/49 | €109,948 | €79,953 | -€29,995 | -27.3% |
| Equity | 10/15 | -€4,903 | -€36,171 | -€31,268 | -638% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,042 | €0 | -€26,042 | -100% |
| Distributable reserves | 133 | €26,042 | €0 | -€26,042 | -100% |
| Profit (loss) carried forward | 14 | -€49,545 | -€54,771 | -€5,226 | -10.5% |
| Amounts payable | 17/49 | €114,851 | €116,123 | +€1,272 | +1.1% |
| Amounts payable after more than one year | 17 | €80,000 | €80,000 | = | 0.0% |
| Other amounts payable | 178/9 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,851 | €36,123 | +€1,272 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €9,603 | €10,827 | +€1,224 | +12.7% |
| Suppliers | 440/4 | €9,603 | €10,827 | +€1,224 | +12.7% |
| Taxes, remuneration and social security | 45 | €8,852 | €14,325 | +€5,473 | +61.8% |
| Taxes | 450/3 | €4,352 | €6,825 | +€2,473 | +56.8% |
| Remuneration and social security | 454/9 | €4,500 | €7,500 | +€3,000 | +66.7% |
| Other amounts payable | 47/48 | €16,396 | €10,971 | -€5,425 | -33.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €24,000 | +€24,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,809 | €6,618 | -€2,192 | -24.9% |
| Other operating charges | 640/8 | €900 | €1,798 | +€898 | +99.8% |
| Gross operating margin | 9900 | -€33,967 | -€22,530 | +€11,437 | +33.7% |
| Operating profit (loss) | 9901 | -€43,676 | -€30,945 | +€12,731 | +29.1% |
| Financial income | 75/76B | €40 | €159 | +€119 | +296% |
| Recurring financial income | 75 | €40 | €159 | +€119 | +296% |
| Financial charges | 65/66B | €559 | €138 | -€422 | -75.4% |
| Recurring financial charges | 65 | €559 | €138 | -€422 | -75.4% |
| Profit (loss) for the period before taxes | 9903 | -€44,195 | -€30,924 | +€13,271 | +30.0% |
| Income taxes | 67/77 | €305 | €344 | +€39 | +12.6% |
| Profit (loss) for the period | 9904 | -€44,501 | -€31,268 | +€13,233 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,501 | -€31,268 | +€13,233 | +29.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.