MAXI QUALITY: 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 QUALITY
Largest movements
- Tangible fixed assets +€27,734
up €27,734 (+51.4%), from €53,981 to €81,715
of which Furniture and vehicles: +€28,192
- Receivables within one year -€20,748
down €20,748 (-60.6%), from €34,249 to €13,501
of which Trade receivables: -€19,443
- Debts after one year +€29,976
up €29,976 (+142.0%), from €21,109 to €51,085
- Profit (loss) carried forward -€15,115
down €15,115 (-28.5%), from €52,959 to €37,843
- Trade debts -€5,017
down €5,017 (-49.0%), from €10,234 to €5,217
- Other debts -€1,958
no longer reported in 2025 (was €1,958)
- Gross operating margin -€14,856
down €14,856 (-56.6%), from €26,262 to €11,406
- Depreciation +€7,664
up €7,664 (+52.6%), from €14,558 to €22,222
- Taxes -€1,121
down €1,121 (-52.9%), from €2,121 to €1,000
- Financial charges +€656
up €656 (+47.3%), from €1,387 to €2,044
- Other operating charges +€271
up €271 (+27.5%), from €985 to €1,256
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 | €88,881 | €96,766 | +€7,885 | +8.9% |
| Fixed assets | 21/28 | €53,981 | €82,015 | +€28,034 | +51.9% |
| Tangible fixed assets | 22/27 | €53,981 | €81,715 | +€27,734 | +51.4% |
| Plant, machinery and equipment | 23 | €760 | €303 | -€457 | -60.2% |
| Furniture and vehicles | 24 | €53,221 | €81,413 | +€28,192 | +53.0% |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €34,900 | €14,751 | -€20,149 | -57.7% |
| Amounts receivable within one year | 40/41 | €34,249 | €13,501 | -€20,748 | -60.6% |
| Trade receivables | 40 | €19,443 | - | -€19,443 | |
| Other amounts receivable | 41 | €14,807 | €13,501 | -€1,305 | -8.8% |
| Cash at bank and in hand | 54/58 | €651 | €1,250 | +€599 | +92.0% |
| Total equity and liabilities | 10/49 | €88,881 | €96,766 | +€7,885 | +8.9% |
| Equity | 10/15 | €53,459 | €38,343 | -€15,115 | -28.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,959 | €37,843 | -€15,115 | -28.5% |
| Amounts payable | 17/49 | €35,423 | €58,423 | +€23,000 | +64.9% |
| Amounts payable after more than one year | 17 | €21,109 | €51,085 | +€29,976 | +142.0% |
| Financial debts | 170/4 | €21,109 | €51,085 | +€29,976 | +142.0% |
| Amounts payable within one year | 42/48 | €14,313 | €7,338 | -€6,975 | -48.7% |
| Trade debts | 44 | €10,234 | €5,217 | -€5,017 | -49.0% |
| Suppliers | 440/4 | €10,234 | €5,217 | -€5,017 | -49.0% |
| Taxes, remuneration and social security | 45 | €2,121 | €2,121 | = | 0.0% |
| Taxes | 450/3 | €2,121 | €2,121 | = | 0.0% |
| Other amounts payable | 47/48 | €1,958 | - | -€1,958 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,558 | €22,222 | +€7,664 | +52.6% |
| Other operating charges | 640/8 | €985 | €1,256 | +€271 | +27.5% |
| Gross operating margin | 9900 | €26,262 | €11,406 | -€14,856 | -56.6% |
| Operating profit (loss) | 9901 | €10,719 | -€12,072 | -€22,791 | |
| Financial charges | 65/66B | €1,387 | €2,044 | +€656 | +47.3% |
| Recurring financial charges | 65 | €1,387 | €2,044 | +€656 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | €9,331 | -€14,115 | -€23,447 | |
| Income taxes | 67/77 | €2,121 | €1,000 | -€1,121 | -52.9% |
| Profit (loss) for the period | 9904 | €7,210 | -€15,115 | -€22,326 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,210 | -€15,115 | -€22,326 |
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 3 October 2026 via checked.be.