MAXI DM: what changed
What changed
MAXI DM
NACE 52.210, Service activities incidental to land transportation
filed annual accounts (NBB)
Net result for the year
€295,754
2024 · €110,658+€185,096
Equity
€2.3m
2024 · €2.1m+€195,754
Cash
€991,245
2024 · €550,116+€441,129
Balance sheet total
€4.0m
2024 · €3.6m+€391,091
Largest movements
Assets
- Cash +€441,129
up €441,129 (+80.2%), from €550,116 to €991,245
mainly Depreciation (+€568,808) and Net result for the year (+€295,754)
- Receivables within one year -€81,870
down €81,870 (-16.4%), from €498,196 to €416,325
of which Trade receivables: -€57,234
- Current investments +€49,434
up €49,434 (+5.5%), from €902,000 to €951,434
Equity and liabilities
- Reserves +€195,754
up €195,754 (+24.2%), from €810,394 to €1.0m
- Tax, wage and social debts +€111,618
up €111,618 (+38.1%), from €292,698 to €404,316
of which Taxes: +€63,437
- Current portion of long-term debt +€108,742
up €108,742 (+32.8%), from €331,841 to €440,583
Income statement
- Gross operating margin +€695,691
up €695,691 (+23.4%), from €3.0m to €3.7m
- Staff costs +€374,816
up €374,816 (+16.6%), from €2.3m to €2.6m
- Depreciation +€95,729
up €95,729 (+20.2%), from €473,080 to €568,808
- Taxes +€62,118
up €62,118 (+551%), from €11,266 to €73,383
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€110,658
Gross operating margin
+€695,691
Staff costs
-€374,816
Depreciation
-€95,729
Other operating charges
+€25,933
Financial income
+€8,337
Financial charges
-€12,203
Taxes
-€62,118
Result 2025
€295,754
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.0m
Investment
-€603,830
Financing
+€33,631
Cash 2024
€550,116
From operations (derived)
+€1.0m
Net result for the year
+€295,754
Depreciation
+€568,808
Receivables within one year
+€81,870
Deferred charges and accrued income
+€3,190
Trade debts
-€34,735
Tax, wage and social debts
+€111,618
Other debts
-€15,178
Investment (derived)
-€603,830
Investment in fixed assets (net)
-€554,396
Current investments
-€49,434
Financing
+€33,631
Debts after one year
+€24,889
Current portion of long-term debt
+€108,742
Contributions, distributions and other
-€100,000
Cash 2025
€991,245
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,623,611 | €4,014,702 | +€391,091 | +10.8% |
| Fixed assets | 21/28 | €1,601,953 | €1,587,541 | -€14,413 | -0.9% |
| Intangible fixed assets | 21 | €19,233 | €16,233 | -€3,000 | -15.6% |
| Tangible fixed assets | 22/27 | €1,568,958 | €1,555,745 | -€13,213 | -0.8% |
| Land and buildings | 22 | €39,160 | €36,660 | -€2,500 | -6.4% |
| Plant, machinery and equipment | 23 | €244,704 | €446,414 | +€201,710 | +82.4% |
| Furniture and vehicles | 24 | €292,107 | €124,587 | -€167,520 | -57.3% |
| Leasing and similar rights | 25 | €935,423 | €889,701 | -€45,722 | -4.9% |
| Other tangible fixed assets | 26 | €57,564 | €58,383 | +€820 | +1.4% |
| Financial fixed assets | 28 | €13,763 | €15,563 | +€1,800 | +13.1% |
| Current assets | 29/58 | €2,021,658 | €2,427,161 | +€405,503 | +20.1% |
| Amounts receivable within one year | 40/41 | €498,196 | €416,325 | -€81,870 | -16.4% |
| Trade receivables | 40 | €430,834 | €373,599 | -€57,234 | -13.3% |
| Other amounts receivable | 41 | €67,362 | €42,726 | -€24,636 | -36.6% |
| Current investments | 50/53 | €902,000 | €951,434 | +€49,434 | +5.5% |
| Cash at bank and in hand | 54/58 | €550,116 | €991,245 | +€441,129 | +80.2% |
| Deferred charges and accrued income | 490/1 | €71,346 | €68,157 | -€3,190 | -4.5% |
| Total equity and liabilities | 10/49 | €3,623,611 | €4,014,702 | +€391,091 | +10.8% |
| Equity | 10/15 | €2,057,892 | €2,253,646 | +€195,754 | +9.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €810,394 | €1,006,148 | +€195,754 | +24.2% |
| Distributable reserves | 133 | €810,394 | €1,006,148 | +€195,754 | +24.2% |
| Profit (loss) carried forward | 14 | €1,235,098 | €1,235,098 | = | 0.0% |
| Amounts payable | 17/49 | €1,565,720 | €1,761,056 | +€195,336 | +12.5% |
| Amounts payable after more than one year | 17 | €779,367 | €804,256 | +€24,889 | +3.2% |
| Financial debts | 170/4 | €779,367 | €804,256 | +€24,889 | +3.2% |
| Amounts payable within one year | 42/48 | €786,353 | €956,800 | +€170,448 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €331,841 | €440,583 | +€108,742 | +32.8% |
| Trade debts | 44 | €142,471 | €107,736 | -€34,735 | -24.4% |
| Suppliers | 440/4 | €142,471 | €107,736 | -€34,735 | -24.4% |
| Taxes, remuneration and social security | 45 | €292,698 | €404,316 | +€111,618 | +38.1% |
| Taxes | 450/3 | €18,323 | €81,760 | +€63,437 | +346% |
| Remuneration and social security | 454/9 | €274,375 | €322,556 | +€48,181 | +17.6% |
| Other amounts payable | 47/48 | €19,344 | €4,166 | -€15,178 | -78.5% |
| Non-recurring operating income | 76A | €64,565 | €46,899 | -€17,665 | -27.4% |
| Remuneration, social security and pensions | 62 | €2,251,452 | €2,626,268 | +€374,816 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €473,080 | €568,808 | +€95,729 | +20.2% |
| Other operating charges | 640/8 | €99,088 | €73,155 | -€25,933 | -26.2% |
| Gross operating margin | 9900 | €2,971,956 | €3,667,648 | +€695,691 | +23.4% |
| Operating profit (loss) | 9901 | €148,336 | €399,416 | +€251,080 | +169% |
| Financial income | 75/76B | €5,467 | €13,803 | +€8,337 | +153% |
| Recurring financial income | 75 | €5,467 | €13,803 | +€8,337 | +153% |
| Financial charges | 65/66B | €31,879 | €44,083 | +€12,203 | +38.3% |
| Recurring financial charges | 65 | €31,879 | €44,083 | +€12,203 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €121,924 | €369,137 | +€247,213 | +203% |
| Income taxes | 67/77 | €11,266 | €73,383 | +€62,118 | +551% |
| Profit (loss) for the period | 9904 | €110,658 | €295,754 | +€185,096 | +167% |
| Profit (loss) for the period to be appropriated | 9905 | €110,658 | €295,754 | +€185,096 | +167% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.