MAXEO NV: 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.
MAXEO NV
Largest movements
- Receivables within one year -€121,714
down €121,714 (-88.4%), from €137,645 to €15,932
of which Other amounts receivable: -€117,494
- Cash +€23,606
up €23,606 (+220.6%), from €10,700 to €34,306
mainly Receivables within one year (+€121,714) and Investment in fixed assets (net) (+€7,250)
- Financial fixed assets -€10,000
no longer reported in 2024 (was €10,000)
- Tangible fixed assets +€1,868
up €1,868 (+94.2%), from €1,983 to €3,851
of which Furniture and vehicles: +€1,691
- Other debts -€40,438
no longer reported in 2024 (was €40,438)
- Profit (loss) carried forward -€31,769
new in 2024: -€31,769
- Debts after one year -€20,000
no longer reported in 2024 (was €20,000)
- Reserves -€13,987
down €13,987 (-45.8%), from €30,568 to €16,582
of which Distributable reserves: -€13,987
- Gross operating margin -€18,852
down €18,852 (-689.9%), from -€2,732 to -€21,585
- Financial charges +€10,154
up €10,154 (+468.7%), from €2,167 to €12,320
of which Non-recurring financial charges: +€11,140
- Write-downs +€5,000
up €5,000 (+100.0%), from €5,000 to €10,000
- Financial income -€1,489
down €1,489 (-92.5%), from €1,610 to €121
- Depreciation +€503
up €503 (+132.5%), from €379 to €882
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 | €162,782 | €54,978 | -€107,804 | -66.2% |
| Fixed assets | 21/28 | €11,983 | €3,851 | -€8,132 | -67.9% |
| Tangible fixed assets | 22/27 | €1,983 | €3,851 | +€1,868 | +94.2% |
| Plant, machinery and equipment | 23 | €1,983 | €2,161 | +€177 | +8.9% |
| Furniture and vehicles | 24 | - | €1,691 | +€1,691 | |
| Financial fixed assets | 28 | €10,000 | - | -€10,000 | |
| Current assets | 29/58 | €150,798 | €51,127 | -€99,671 | -66.1% |
| Amounts receivable within one year | 40/41 | €137,645 | €15,932 | -€121,714 | -88.4% |
| Trade receivables | 40 | €5,236 | €1,017 | -€4,220 | -80.6% |
| Other amounts receivable | 41 | €132,409 | €14,915 | -€117,494 | -88.7% |
| Cash at bank and in hand | 54/58 | €10,700 | €34,306 | +€23,606 | +220.6% |
| Deferred charges and accrued income | 490/1 | €2,453 | €889 | -€1,563 | -63.7% |
| Total equity and liabilities | 10/49 | €162,782 | €54,978 | -€107,804 | -66.2% |
| Equity | 10/15 | €92,568 | €46,813 | -€45,756 | -49.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €30,568 | €16,582 | -€13,987 | -45.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,382 | €10,382 | = | 0.0% |
| Distributable reserves | 133 | €13,987 | - | -€13,987 | |
| Profit (loss) carried forward | 14 | - | -€31,769 | -€31,769 | |
| Amounts payable | 17/49 | €70,213 | €8,165 | -€62,048 | -88.4% |
| Amounts payable after more than one year | 17 | €20,000 | - | -€20,000 | |
| Financial debts | 170/4 | €20,000 | - | -€20,000 | |
| Amounts payable within one year | 42/48 | €44,780 | €2,732 | -€42,048 | -93.9% |
| Trade debts | 44 | €3,704 | €2,346 | -€1,358 | -36.7% |
| Suppliers | 440/4 | €3,704 | €2,346 | -€1,358 | -36.7% |
| Taxes, remuneration and social security | 45 | €638 | €386 | -€252 | -39.5% |
| Taxes | 450/3 | €638 | €386 | -€252 | -39.5% |
| Other amounts payable | 47/48 | €40,438 | - | -€40,438 | |
| Accrued charges and deferred income | 492/3 | €5,433 | €5,433 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €379 | €882 | +€503 | +132.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,000 | €10,000 | +€5,000 | +100.0% |
| Other operating charges | 640/8 | €937 | €817 | -€119 | -12.7% |
| Gross operating margin | 9900 | -€2,732 | -€21,585 | -€18,852 | -689.9% |
| Operating profit (loss) | 9901 | -€9,048 | -€33,284 | -€24,236 | -267.8% |
| Financial income | 75/76B | €1,610 | €121 | -€1,489 | -92.5% |
| Recurring financial income | 75 | €1,610 | €121 | -€1,489 | -92.5% |
| Financial charges | 65/66B | €2,167 | €12,320 | +€10,154 | +468.7% |
| Recurring financial charges | 65 | €1,053 | €67 | -€986 | -93.7% |
| Non-recurring financial charges | 66B | €1,114 | €12,254 | +€11,140 | +1000.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,604 | -€45,483 | -€35,879 | -373.6% |
| Income taxes | 67/77 | €95 | €272 | +€177 | +186.5% |
| Profit (loss) for the period | 9904 | -€9,700 | -€45,756 | -€36,056 | -371.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,700 | -€45,756 | -€36,056 | -371.7% |
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 5 October 2026 via checked.be.