MAXI-FRITES: what changed
Two financial 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-FRITES
Largest movements
- Receivables within one year +€97,990
up €97,990 (+8.8%), from €1.1m to €1.2m
of which Other amounts receivable: +€109,261
- Tangible fixed assets +€44,844
up €44,844 (+12.3%), from €364,877 to €409,721
of which Leasing and similar rights: +€61,668
- Reserves +€105,000
up €105,000 (+313%), from €33,549 to €138,549
of which Distributable reserves: +€105,000
- Other debts -€81,703
down €81,703 (-6.2%), from €1.3m to €1.2m
- Debts after one year +€48,758
new in 2025: €48,758
- Tax, wage and social debts +€46,397
up €46,397 (+21.2%), from €218,343 to €264,740
of which Taxes: +€55,745
- Depreciation -€144,859
down €144,859 (-77.9%), from €186,011 to €41,151
- Gross operating margin -€32,904
down €32,904 (-8.4%), from €391,566 to €358,663
- Financial charges -€14,218
down €14,218 (-58.5%), from €24,298 to €10,080
- Taxes -€4,721
down €4,721 (-7.5%), from €62,935 to €58,214
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.
Derived cash bridge
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 | €1,709,384 | €1,845,423 | +€136,039 | +8.0% |
| Fixed assets | 21/28 | €364,877 | €409,721 | +€44,844 | +12.3% |
| Tangible fixed assets | 22/27 | €364,877 | €409,721 | +€44,844 | +12.3% |
| Land and buildings | 22 | €224,789 | €224,789 | = | 0.0% |
| Plant, machinery and equipment | 23 | €15,976 | €30,540 | +€14,564 | +91.2% |
| Furniture and vehicles | 24 | €109,442 | €76,038 | -€33,403 | -30.5% |
| Leasing and similar rights | 25 | - | €61,668 | +€61,668 | |
| Other tangible fixed assets | 26 | €14,670 | €16,686 | +€2,016 | +13.7% |
| Current assets | 29/58 | €1,344,507 | €1,435,701 | +€91,194 | +6.8% |
| Amounts receivable after more than one year | 29 | €201,716 | €201,716 | = | 0.0% |
| Other amounts receivable | 291 | €201,716 | €201,716 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,109,921 | €1,207,911 | +€97,990 | +8.8% |
| Trade receivables | 40 | €422,199 | €410,928 | -€11,270 | -2.7% |
| Other amounts receivable | 41 | €687,722 | €796,983 | +€109,261 | +15.9% |
| Cash at bank and in hand | 54/58 | €1,808 | €188 | -€1,619 | -89.6% |
| Deferred charges and accrued income | 490/1 | €31,063 | €25,886 | -€5,177 | -16.7% |
| Total equity and liabilities | 10/49 | €1,709,384 | €1,845,423 | +€136,039 | +8.0% |
| Equity | 10/15 | €154,454 | €261,583 | +€107,129 | +69.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €33,549 | €138,549 | +€105,000 | +313% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €31,690 | €136,690 | +€105,000 | +331% |
| Profit (loss) carried forward | 14 | -€97,687 | -€95,558 | +€2,129 | +2.2% |
| Amounts payable | 17/49 | €1,554,931 | €1,583,840 | +€28,909 | +1.9% |
| Amounts payable after more than one year | 17 | - | €48,758 | +€48,758 | |
| Financial debts | 170/4 | - | €48,758 | +€48,758 | |
| Amounts payable within one year | 42/48 | €1,554,931 | €1,534,084 | -€20,847 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | - | €12,910 | +€12,910 | |
| Trade debts | 44 | €21,506 | €23,055 | +€1,549 | +7.2% |
| Suppliers | 440/4 | €21,506 | €23,055 | +€1,549 | +7.2% |
| Taxes, remuneration and social security | 45 | €218,343 | €264,740 | +€46,397 | +21.2% |
| Taxes | 450/3 | €120,998 | €176,743 | +€55,745 | +46.1% |
| Remuneration and social security | 454/9 | €97,345 | €87,997 | -€9,348 | -9.6% |
| Other amounts payable | 47/48 | €1,315,082 | €1,233,379 | -€81,703 | -6.2% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Remuneration, social security and pensions | 62 | €143,329 | €143,753 | +€424 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186,011 | €41,151 | -€144,859 | -77.9% |
| Other operating charges | 640/8 | €2,819 | €3,587 | +€768 | +27.3% |
| Gross operating margin | 9900 | €391,566 | €358,663 | -€32,904 | -8.4% |
| Operating profit (loss) | 9901 | €59,407 | €170,171 | +€110,764 | +186% |
| Financial income | 75/76B | €5,285 | €5,252 | -€33 | -0.6% |
| Recurring financial income | 75 | €5,285 | €5,252 | -€33 | -0.6% |
| Financial charges | 65/66B | €24,298 | €10,080 | -€14,218 | -58.5% |
| Recurring financial charges | 65 | €24,298 | €10,080 | -€14,218 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | €40,394 | €165,343 | +€124,949 | +309% |
| Income taxes | 67/77 | €62,935 | €58,214 | -€4,721 | -7.5% |
| Profit (loss) for the period | 9904 | -€22,541 | €107,129 | +€129,670 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,541 | €107,129 | +€129,670 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.