MAXEMICAR: 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.
MAXEMICAR
Largest movements
- Receivables within one year +€4,716
up €4,716 (+25.6%), from €18,407 to €23,123
of which Trade receivables: +€4,737
- Tangible fixed assets +€4,337
up €4,337 (+42.3%), from €10,246 to €14,583
of which Other tangible fixed assets: +€2,987
- Cash -€1,737
down €1,737 (-2.3%), from €76,919 to €75,182
mainly Contributions, distributions and other (-€74,054) and Investment in fixed assets (net) (-€6,317)
- Tax, wage and social debts +€10,182
up €10,182 (+122%), from €8,346 to €18,528
of which Taxes: +€10,182
- Other debts -€5,173
down €5,173 (-7.5%), from €68,750 to €63,577
- Trade debts +€2,446
up €2,446 (+126%), from €1,935 to €4,380
- Gross operating margin +€8,119
up €8,119 (+8.7%), from €93,613 to €101,732
- Other operating charges +€2,303
up €2,303 (+121%), from €1,909 to €4,212
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 | €106,271 | €113,692 | +€7,421 | +7.0% |
| Fixed assets | 21/28 | €10,246 | €14,583 | +€4,337 | +42.3% |
| Tangible fixed assets | 22/27 | €10,246 | €14,583 | +€4,337 | +42.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €186 | €1,536 | +€1,350 | +725% |
| Other tangible fixed assets | 26 | €10,060 | €13,047 | +€2,987 | +29.7% |
| Current assets | 29/58 | €96,024 | €99,108 | +€3,084 | +3.2% |
| Amounts receivable within one year | 40/41 | €18,407 | €23,123 | +€4,716 | +25.6% |
| Trade receivables | 40 | €16,984 | €21,721 | +€4,737 | +27.9% |
| Other amounts receivable | 41 | €1,423 | €1,402 | -€21 | -1.5% |
| Cash at bank and in hand | 54/58 | €76,919 | €75,182 | -€1,737 | -2.3% |
| Deferred charges and accrued income | 490/1 | €699 | €804 | +€105 | +15.0% |
| Total equity and liabilities | 10/49 | €106,271 | €113,692 | +€7,421 | +7.0% |
| Equity | 10/15 | €20,473 | €20,460 | -€13 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13 | €0 | -€13 | -100% |
| Amounts payable | 17/49 | €85,797 | €93,232 | +€7,434 | +8.7% |
| Amounts payable within one year | 42/48 | €85,797 | €93,232 | +€7,434 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €6,767 | €6,746 | -€21 | -0.3% |
| Trade debts | 44 | €1,935 | €4,380 | +€2,446 | +126% |
| Suppliers | 440/4 | €1,935 | €4,380 | +€2,446 | +126% |
| Taxes, remuneration and social security | 45 | €8,346 | €18,528 | +€10,182 | +122% |
| Taxes | 450/3 | €5,526 | €15,708 | +€10,182 | +184% |
| Remuneration and social security | 454/9 | €2,820 | €2,820 | = | 0.0% |
| Other amounts payable | 47/48 | €68,750 | €63,577 | -€5,173 | -7.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €633 | +€633 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,983 | €1,980 | -€3 | -0.2% |
| Other operating charges | 640/8 | €1,909 | €4,212 | +€2,303 | +121% |
| Gross operating margin | 9900 | €93,613 | €101,732 | +€8,119 | +8.7% |
| Operating profit (loss) | 9901 | €89,721 | €95,540 | +€5,819 | +6.5% |
| Financial income | 75/76B | €430 | €389 | -€41 | -9.6% |
| Recurring financial income | 75 | €430 | €389 | -€41 | -9.6% |
| Financial charges | 65/66B | €2,420 | €2,012 | -€408 | -16.8% |
| Recurring financial charges | 65 | €2,420 | €2,012 | -€408 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €87,731 | €93,917 | +€6,186 | +7.1% |
| Income taxes | 67/77 | €19,003 | €19,876 | +€873 | +4.6% |
| Profit (loss) for the period | 9904 | €68,729 | €74,041 | +€5,312 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,729 | €74,041 | +€5,312 | +7.7% |
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 17 October 2026 via checked.be.