MAXI GROEP: 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 GROEP
Largest movements
- Cash +€46,736
up €46,736 (+222%), from €21,045 to €67,781
mainly Net result for the year (+€17,703) and Investment in fixed assets (net) (+€13,331)
- Tangible fixed assets -€14,310
down €14,310 (-86.7%), from €16,506 to €2,197
of which Other tangible fixed assets: -€13,331
- Receivables within one year -€9,557
down €9,557 (-18.5%), from €51,529 to €41,972
of which Trade receivables: -€7,045
- Deferred charges and accrued income +€6,352
up €6,352 (+214%), from €2,968 to €9,319
- Reserves +€17,703
up €17,703 (+67.7%), from €26,157 to €43,861
- Tax, wage and social debts +€6,458
up €6,458 (+967%), from €668 to €7,126
- Trade debts +€4,011
up €4,011 (+12.9%), from €31,188 to €35,199
- Gross operating margin +€41,804
up €41,804 (+1,205%), from €3,468 to €45,272
- Taxes +€6,503
up €6,503 (+2,544%), from €256 to €6,758
- Financial charges +€2,685
up €2,685 (+75.2%), from €3,571 to €6,256
- Other operating charges -€2,116
down €2,116 (-49.3%), from €4,290 to €2,173
- Financial income +€2,036
up €2,036 (+272%), from €748 to €2,784
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 | €93,013 | €121,379 | +€28,366 | +30.5% |
| Fixed assets | 21/28 | €17,472 | €2,307 | -€15,165 | -86.8% |
| Intangible fixed assets | 21 | €965 | €110 | -€855 | -88.6% |
| Tangible fixed assets | 22/27 | €16,506 | €2,197 | -€14,310 | -86.7% |
| Furniture and vehicles | 24 | €3,176 | €2,197 | -€979 | -30.8% |
| Other tangible fixed assets | 26 | €13,331 | €0 | -€13,331 | -100% |
| Current assets | 29/58 | €75,541 | €119,072 | +€43,531 | +57.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €51,529 | €41,972 | -€9,557 | -18.5% |
| Trade receivables | 40 | €28,644 | €21,599 | -€7,045 | -24.6% |
| Other amounts receivable | 41 | €22,885 | €20,373 | -€2,512 | -11.0% |
| Cash at bank and in hand | 54/58 | €21,045 | €67,781 | +€46,736 | +222% |
| Deferred charges and accrued income | 490/1 | €2,968 | €9,319 | +€6,352 | +214% |
| Total equity and liabilities | 10/49 | €93,013 | €121,379 | +€28,366 | +30.5% |
| Equity | 10/15 | €36,157 | €53,861 | +€17,703 | +49.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €26,157 | €43,861 | +€17,703 | +67.7% |
| Distributable reserves | 133 | €26,157 | €43,861 | +€17,703 | +67.7% |
| Amounts payable | 17/49 | €56,856 | €67,519 | +€10,663 | +18.8% |
| Amounts payable within one year | 42/48 | €56,856 | €67,519 | +€10,663 | +18.8% |
| Financial debts | 43 | €25,000 | €25,194 | +€194 | +0.8% |
| Credit institutions | 430/8 | - | €194 | +€194 | |
| Other loans | 439 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €31,188 | €35,199 | +€4,011 | +12.9% |
| Suppliers | 440/4 | €31,188 | €35,199 | +€4,011 | +12.9% |
| Taxes, remuneration and social security | 45 | €668 | €7,126 | +€6,458 | +967% |
| Taxes | 450/3 | €668 | €7,126 | +€6,458 | +967% |
| Non-recurring operating income | 76A | - | €9,878 | +€9,878 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,292 | €1,834 | -€1,458 | -44.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,290 | €2,173 | -€2,116 | -49.3% |
| Non-recurring operating charges | 66A | - | €13,331 | +€13,331 | |
| Gross operating margin | 9900 | €3,468 | €45,272 | +€41,804 | +1,205% |
| Operating profit (loss) | 9901 | -€4,114 | €27,934 | +€32,048 | |
| Financial income | 75/76B | €748 | €2,784 | +€2,036 | +272% |
| Recurring financial income | 75 | €748 | €2,784 | +€2,036 | +272% |
| Financial charges | 65/66B | €3,571 | €6,256 | +€2,685 | +75.2% |
| Recurring financial charges | 65 | €3,571 | €6,256 | +€2,685 | +75.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,937 | €24,462 | +€31,399 | |
| Income taxes | 67/77 | €256 | €6,758 | +€6,503 | +2,544% |
| Profit (loss) for the period | 9904 | -€7,193 | €17,703 | +€24,896 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,193 | €17,703 | +€24,896 |
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 19 October 2026 via checked.be.