MAXI CONSTRUCT: 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.
MAXI CONSTRUCT
Largest movements
- Stocks and contracts +€48,000
up €48,000 (+18.8%), from €255,094 to €303,094
- Cash -€15,067
down €15,067 (-81.3%), from €18,540 to €3,473
mainly Short-term financial debts (-€120,000) and Stocks and contracts (-€48,000)
- Receivables within one year +€6,457
up €6,457 (+63.2%), from €10,224 to €16,681
- Other debts +€167,768
up €167,768 (+104.8%), from €160,104 to €327,873
- Short-term financial debts -€120,000
no longer reported in 2025 (was €120,000)
- Debts after one year -€8,258
down €8,258 (-58.1%), from €14,203 to €5,945
- Gross operating margin -€935
down €935 (-9.2%), from €10,118 to €9,184
- Financial charges +€238
up €238 (+2.8%), from €8,456 to €8,694
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.
Cash bridge derived
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 | €311,950 | €351,179 | +€39,229 | +12.6% |
| Fixed assets | 21/28 | €28,091 | €27,931 | -€160 | -0.6% |
| Tangible fixed assets | 22/27 | €28,091 | €27,931 | -€160 | -0.6% |
| Furniture and vehicles | 24 | €28,091 | €27,931 | -€160 | -0.6% |
| Current assets | 29/58 | €283,859 | €323,248 | +€39,390 | +13.9% |
| Stocks and contracts in progress | 3 | €255,094 | €303,094 | +€48,000 | +18.8% |
| Stocks | 30/36 | €255,094 | €303,094 | +€48,000 | +18.8% |
| Amounts receivable within one year | 40/41 | €10,224 | €16,681 | +€6,457 | +63.2% |
| Other amounts receivable | 41 | €10,224 | €16,681 | +€6,457 | +63.2% |
| Cash at bank and in hand | 54/58 | €18,540 | €3,473 | -€15,067 | -81.3% |
| Total equity and liabilities | 10/49 | €311,950 | €351,179 | +€39,229 | +12.6% |
| Equity | 10/15 | €8,485 | €7,403 | -€1,082 | -12.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,515 | -€2,597 | -€1,082 | -71.4% |
| Amounts payable | 17/49 | €303,465 | €343,776 | +€40,311 | +13.3% |
| Amounts payable after more than one year | 17 | €14,203 | €5,945 | -€8,258 | -58.1% |
| Financial debts | 170/4 | €14,203 | €5,945 | -€8,258 | -58.1% |
| Amounts payable within one year | 42/48 | €289,262 | €337,831 | +€48,569 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €8,160 | €8,300 | +€140 | +1.7% |
| Financial debts | 43 | €120,000 | - | -€120,000 | |
| Credit institutions | 430/8 | €120,000 | - | -€120,000 | |
| Trade debts | 44 | €997 | €1,658 | +€661 | +66.2% |
| Suppliers | 440/4 | €997 | €1,658 | +€661 | +66.2% |
| Other amounts payable | 47/48 | €160,104 | €327,873 | +€167,768 | +104.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160 | €160 | = | 0.0% |
| Other operating charges | 640/8 | €1,378 | €1,411 | +€34 | +2.4% |
| Gross operating margin | 9900 | €10,118 | €9,184 | -€935 | -9.2% |
| Operating profit (loss) | 9901 | €8,580 | €7,612 | -€968 | -11.3% |
| Financial charges | 65/66B | €8,456 | €8,694 | +€238 | +2.8% |
| Recurring financial charges | 65 | €8,456 | €8,694 | +€238 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €124 | -€1,082 | -€1,206 | |
| Profit (loss) for the period | 9904 | €124 | -€1,082 | -€1,206 | |
| Profit (loss) for the period to be appropriated | 9905 | €124 | -€1,082 | -€1,206 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.