MAXFIELD: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
MAXFIELD
Largest movements
- Receivables within one year -€8,069
down €8,069 (-4.0%), from €201,940 to €193,871
of which Trade receivables: -€12,447
- Stocks and contracts +€6,732
up €6,732 (+13.4%), from €50,243 to €56,975
- Deferred charges and accrued income -€5,692
down €5,692 (-58.5%), from €9,728 to €4,037
- Trade debts +€46,444
up €46,444 (+83.8%), from €55,451 to €101,894
- Tax, wage and social debts -€24,449
down €24,449 (-11.1%), from €220,960 to €196,511
of which Remuneration and social security: -€24,381
- Other debts -€21,500
down €21,500 (-71.0%), from €30,298 to €8,798
- Debts after one year -€19,287
down €19,287 (-42.9%), from €44,940 to €25,654
- Profit (loss) carried forward +€5,209
up €5,209 (+20.4%), from -€25,549 to -€20,339
- Staff costs -€175,101
down €175,101 (-29.1%), from €601,165 to €426,064
- Gross operating margin -€173,415
down €173,415 (-25.4%), from €683,796 to €510,380
- Financial charges +€16,522
up €16,522 (+68.9%), from €23,990 to €40,512
- Taxes -€8,343
down €8,343 (-33.1%), from €25,241 to €16,898
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €414,783 | €402,463 | -€12,320 | -3.0% |
| Fixed assets | 21/28 | €59,191 | €56,787 | -€2,404 | -4.1% |
| Tangible fixed assets | 22/27 | €56,691 | €55,687 | -€1,004 | -1.8% |
| Plant, machinery and equipment | 23 | €26,468 | €34,170 | +€7,702 | +29.1% |
| Furniture and vehicles | 24 | €27,054 | €18,801 | -€8,254 | -30.5% |
| Other tangible fixed assets | 26 | €3,169 | €2,716 | -€453 | -14.3% |
| Financial fixed assets | 28 | €2,500 | €1,100 | -€1,400 | -56.0% |
| Current assets | 29/58 | €355,593 | €345,676 | -€9,916 | -2.8% |
| Stocks and contracts in progress | 3 | €50,243 | €56,975 | +€6,732 | +13.4% |
| Stocks | 30/36 | €50,243 | €56,975 | +€6,732 | +13.4% |
| Amounts receivable within one year | 40/41 | €201,940 | €193,871 | -€8,069 | -4.0% |
| Trade receivables | 40 | €43,476 | €31,030 | -€12,447 | -28.6% |
| Other amounts receivable | 41 | €158,463 | €162,841 | +€4,378 | +2.8% |
| Cash at bank and in hand | 54/58 | €93,681 | €90,793 | -€2,888 | -3.1% |
| Deferred charges and accrued income | 490/1 | €9,728 | €4,037 | -€5,692 | -58.5% |
| Total equity and liabilities | 10/49 | €414,783 | €402,463 | -€12,320 | -3.0% |
| Equity | 10/15 | €29,911 | €35,121 | +€5,209 | +17.4% |
| Contributions | 10/11 | €53,600 | €53,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,549 | -€20,339 | +€5,209 | +20.4% |
| Amounts payable | 17/49 | €384,872 | €367,343 | -€17,529 | -4.6% |
| Amounts payable after more than one year | 17 | €44,940 | €25,654 | -€19,287 | -42.9% |
| Financial debts | 170/4 | €44,940 | €25,654 | -€19,287 | -42.9% |
| Amounts payable within one year | 42/48 | €339,932 | €341,689 | +€1,757 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €33,223 | €34,486 | +€1,263 | +3.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €55,451 | €101,894 | +€46,444 | +83.8% |
| Suppliers | 440/4 | €55,451 | €101,894 | +€46,444 | +83.8% |
| Taxes, remuneration and social security | 45 | €220,960 | €196,511 | -€24,449 | -11.1% |
| Taxes | 450/3 | €163,316 | €163,249 | -€68 | 0.0% |
| Remuneration and social security | 454/9 | €57,644 | €33,262 | -€24,381 | -42.3% |
| Other amounts payable | 47/48 | €30,298 | €8,798 | -€21,500 | -71.0% |
| Remuneration, social security and pensions | 62 | €601,165 | €426,064 | -€175,101 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,684 | €18,104 | +€419 | +2.4% |
| Other operating charges | 640/8 | €4,643 | €3,793 | -€849 | -18.3% |
| Non-recurring operating charges | 66A | €2,394 | €0 | -€2,394 | -100% |
| Gross operating margin | 9900 | €683,796 | €510,380 | -€173,415 | -25.4% |
| Operating profit (loss) | 9901 | €57,909 | €62,419 | +€4,510 | +7.8% |
| Financial income | 75/76B | €1,834 | €200 | -€1,634 | -89.1% |
| Recurring financial income | 75 | €1,834 | €200 | -€1,634 | -89.1% |
| Financial charges | 65/66B | €23,990 | €40,512 | +€16,522 | +68.9% |
| Recurring financial charges | 65 | €23,990 | €40,512 | +€16,522 | +68.9% |
| Profit (loss) for the period before taxes | 9903 | €35,754 | €22,107 | -€13,647 | -38.2% |
| Income taxes | 67/77 | €25,241 | €16,898 | -€8,343 | -33.1% |
| Profit (loss) for the period | 9904 | €10,513 | €5,209 | -€5,304 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,513 | €5,209 | -€5,304 | -50.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.