MAXEN: 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.
MAXEN
Largest movements
- Tangible fixed assets +€39,618
up €39,618 (+142.1%), from €27,873 to €67,490
of which Furniture and vehicles: +€39,567
- Intangible fixed assets +€25,000
new in 2024: €25,000
- Receivables within one year +€13,997
up €13,997 (+527.9%), from €2,651 to €16,648
of which Other amounts receivable: +€14,081
- Cash +€6,443
up €6,443 (+174.1%), from €3,700 to €10,144
mainly Other debts (+€32,764) and Trade debts (+€25,146)
- Other debts +€32,764
up €32,764 (+111.1%), from €29,501 to €62,265
- Trade debts +€25,146
up €25,146 (+345.4%), from €7,279 to €32,425
- Tax, wage and social debts +€20,316
up €20,316 (+1638.0%), from €1,240 to €21,556
of which Remuneration and social security: +€21,556
- Contributions +€6,125
up €6,125 (+122.5%), from €5,000 to €11,125
of which Capital: +€11,125
- Turnover +€92,995
up €92,995 (+208.3%), from €44,642 to €137,637
- Purchases and services +€57,717
up €57,717 (+158.5%), from €36,420 to €94,137
- Gross operating margin +€35,278
up €35,278 (+429.0%), from €8,222 to €43,500
- Staff costs +€20,186
up €20,186 (+139.7%), from €14,450 to €34,635
- Depreciation +€3,177
up €3,177 (+378.8%), from €839 to €4,015
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 | €34,224 | €119,282 | +€85,058 | +248.5% |
| Fixed assets | 21/28 | €27,873 | €92,490 | +€64,618 | +231.8% |
| Intangible fixed assets | 21 | - | €25,000 | +€25,000 | |
| Tangible fixed assets | 22/27 | €27,873 | €67,490 | +€39,618 | +142.1% |
| Plant, machinery and equipment | 23 | €27,873 | €27,924 | +€51 | +0.2% |
| Furniture and vehicles | 24 | - | €39,567 | +€39,567 | |
| Current assets | 29/58 | €6,351 | €26,792 | +€20,441 | +321.8% |
| Amounts receivable within one year | 40/41 | €2,651 | €16,648 | +€13,997 | +527.9% |
| Trade receivables | 40 | €83 | - | -€83 | |
| Other amounts receivable | 41 | €2,568 | €16,648 | +€14,081 | +548.3% |
| Cash at bank and in hand | 54/58 | €3,700 | €10,144 | +€6,443 | +174.1% |
| Total equity and liabilities | 10/49 | €34,224 | €119,282 | +€85,058 | +248.5% |
| Equity | 10/15 | -€3,797 | €3,037 | +€6,833 | |
| Contributions | 10/11 | €5,000 | €11,125 | +€6,125 | +122.5% |
| Capital | 10 | - | €11,125 | +€11,125 | |
| Issued capital | 100 | - | €11,125 | +€11,125 | |
| Outside capital | 11 | €5,000 | - | -€5,000 | |
| Share premium | 1100/10 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | -€8,797 | -€8,088 | +€708 | +8.1% |
| Amounts payable | 17/49 | €38,021 | €116,246 | +€78,225 | +205.7% |
| Amounts payable within one year | 42/48 | €38,021 | €116,246 | +€78,225 | +205.7% |
| Trade debts | 44 | €7,279 | €32,425 | +€25,146 | +345.4% |
| Suppliers | 440/4 | €7,279 | €32,425 | +€25,146 | +345.4% |
| Taxes, remuneration and social security | 45 | €1,240 | €21,556 | +€20,316 | +1638.0% |
| Taxes | 450/3 | €1,240 | - | -€1,240 | |
| Remuneration and social security | 454/9 | - | €21,556 | +€21,556 | |
| Other amounts payable | 47/48 | €29,501 | €62,265 | +€32,764 | +111.1% |
| Turnover | 70 | €44,642 | €137,637 | +€92,995 | +208.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €36,420 | €94,137 | +€57,717 | +158.5% |
| Remuneration, social security and pensions | 62 | €14,450 | €34,635 | +€20,186 | +139.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €839 | €4,015 | +€3,177 | +378.8% |
| Other operating charges | 640/8 | €515 | €613 | +€99 | +19.2% |
| Gross operating margin | 9900 | €8,222 | €43,500 | +€35,278 | +429.0% |
| Operating profit (loss) | 9901 | -€7,580 | €4,236 | +€11,816 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,216 | €3,528 | +€2,311 | +190.0% |
| Recurring financial charges | 65 | €1,216 | €3,528 | +€2,311 | +190.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,797 | €708 | +€9,505 | |
| Profit (loss) for the period | 9904 | -€8,797 | €708 | +€9,505 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,797 | €708 | +€9,505 |
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 28 September 2026 via checked.be.