MAXENA: 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.
MAXENA
Largest movements
- Tangible fixed assets +€3,609
up €3,609 (+18.2%), from €19,865 to €23,474
of which Other tangible fixed assets: +€4,275
- Profit (loss) carried forward +€38,169
up €38,169 (+33.0%), from €115,715 to €153,884
- Debts after one year -€20,411
down €20,411 (-46.4%), from €43,975 to €23,564
- Current portion of long-term debt -€8,380
down €8,380 (-29.1%), from €28,791 to €20,411
- Gross operating margin +€14,381
up €14,381 (+34.7%), from €41,500 to €55,881
- Taxes +€2,261
up €2,261 (+23.2%), from €9,727 to €11,988
- Financial charges -€876
down €876 (-26.8%), from €3,264 to €2,388
- Depreciation +€675
up €675 (+40.5%), from €1,666 to €2,341
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 | €215,304 | €221,467 | +€6,163 | +2.9% |
| Fixed assets | 21/28 | €149,865 | €153,474 | +€3,609 | +2.4% |
| Tangible fixed assets | 22/27 | €19,865 | €23,474 | +€3,609 | +18.2% |
| Plant, machinery and equipment | 23 | €1,263 | €974 | -€289 | -22.9% |
| Furniture and vehicles | 24 | €3,052 | €2,675 | -€377 | -12.3% |
| Other tangible fixed assets | 26 | €15,549 | €19,825 | +€4,275 | +27.5% |
| Financial fixed assets | 28 | €130,000 | €130,000 | = | 0.0% |
| Current assets | 29/58 | €65,439 | €67,993 | +€2,554 | +3.9% |
| Amounts receivable within one year | 40/41 | €1,273 | €1,273 | = | 0.0% |
| Other amounts receivable | 41 | €1,273 | €1,273 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €64,166 | €65,932 | +€1,766 | +2.8% |
| Deferred charges and accrued income | 490/1 | - | €788 | +€788 | |
| Total equity and liabilities | 10/49 | €215,304 | €221,467 | +€6,163 | +2.9% |
| Equity | 10/15 | €128,690 | €166,859 | +€38,169 | +29.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €574 | €574 | = | 0.0% |
| Distributable reserves | 133 | €574 | €574 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,715 | €153,884 | +€38,169 | +33.0% |
| Amounts payable | 17/49 | €86,614 | €54,609 | -€32,005 | -37.0% |
| Amounts payable after more than one year | 17 | €43,975 | €23,564 | -€20,411 | -46.4% |
| Financial debts | 170/4 | €43,975 | €23,564 | -€20,411 | -46.4% |
| Amounts payable within one year | 42/48 | €42,639 | €31,045 | -€11,594 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €28,791 | €20,411 | -€8,380 | -29.1% |
| Trade debts | 44 | €3,527 | €2,934 | -€594 | -16.8% |
| Suppliers | 440/4 | €3,527 | €2,934 | -€594 | -16.8% |
| Taxes, remuneration and social security | 45 | €3,788 | €3,349 | -€439 | -11.6% |
| Taxes | 450/3 | €3,788 | €3,349 | -€439 | -11.6% |
| Other amounts payable | 47/48 | €6,533 | €4,351 | -€2,182 | -33.4% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,666 | €2,341 | +€675 | +40.5% |
| Other operating charges | 640/8 | €1,278 | €996 | -€282 | -22.1% |
| Gross operating margin | 9900 | €41,500 | €55,881 | +€14,381 | +34.7% |
| Operating profit (loss) | 9901 | €38,557 | €52,544 | +€13,988 | +36.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,264 | €2,388 | -€876 | -26.8% |
| Recurring financial charges | 65 | €3,264 | €2,388 | -€876 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €35,293 | €50,157 | +€14,864 | +42.1% |
| Income taxes | 67/77 | €9,727 | €11,988 | +€2,261 | +23.2% |
| Profit (loss) for the period | 9904 | €25,565 | €38,169 | +€12,603 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,565 | €38,169 | +€12,603 | +49.3% |
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.