MAXIANDITRANS: 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.
MAXIANDITRANS
Largest movements
- Tangible fixed assets -€75,973
down €75,973 (-33.7%), from €225,228 to €149,255
of which Furniture and vehicles: -€64,231
- Cash -€70,737
down €70,737 (-38.9%), from €181,704 to €110,967
mainly Contributions, distributions and other (-€48,064) and Debts after one year (-€40,197)
- Receivables within one year +€13,598
up €13,598 (+15.2%), from €89,394 to €102,992
of which Other amounts receivable: +€8,563
- Reserves -€48,259
down €48,259 (-26.1%), from €185,197 to €136,938
of which Distributable reserves: -€48,259
- Debts after one year -€40,197
down €40,197 (-39.2%), from €102,618 to €62,421
- Other debts -€17,582
down €17,582 (-27.9%), from €62,965 to €45,383
- Tax, wage and social debts -€13,137
down €13,137 (-66.3%), from €19,820 to €6,683
of which Taxes: -€8,742
- Current portion of long-term debt -€10,762
down €10,762 (-19.8%), from €54,340 to €43,578
- Staff costs -€41,642
down €41,642, from €41,504 to -€138
- Gross operating margin -€24,837
down €24,837 (-18.7%), from €132,950 to €108,114
- Depreciation -€11,529
down €11,529 (-14.6%), from €79,053 to €67,524
- Other operating charges -€5,975
down €5,975 (-19.7%), from €30,371 to €24,396
- Financial income -€5,294
down €5,294 (-96.2%), from €5,503 to €209
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 | €496,326 | €363,215 | -€133,111 | -26.8% |
| Fixed assets | 21/28 | €225,228 | €149,255 | -€75,973 | -33.7% |
| Tangible fixed assets | 22/27 | €225,228 | €149,255 | -€75,973 | -33.7% |
| Land and buildings | 22 | €104,229 | €94,862 | -€9,367 | -9.0% |
| Plant, machinery and equipment | 23 | €5,607 | €3,232 | -€2,375 | -42.4% |
| Furniture and vehicles | 24 | €115,392 | €51,161 | -€64,231 | -55.7% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €271,098 | €213,959 | -€57,139 | -21.1% |
| Amounts receivable within one year | 40/41 | €89,394 | €102,992 | +€13,598 | +15.2% |
| Trade receivables | 40 | €70,201 | €75,235 | +€5,035 | +7.2% |
| Other amounts receivable | 41 | €19,194 | €27,757 | +€8,563 | +44.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €181,704 | €110,967 | -€70,737 | -38.9% |
| Total equity and liabilities | 10/49 | €496,326 | €363,215 | -€133,111 | -26.8% |
| Equity | 10/15 | €191,397 | €143,138 | -€48,259 | -25.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €185,197 | €136,938 | -€48,259 | -26.1% |
| Tax-exempt reserves | 132 | €24,789 | €24,789 | = | 0.0% |
| Distributable reserves | 133 | €160,408 | €112,149 | -€48,259 | -30.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €304,929 | €220,076 | -€84,853 | -27.8% |
| Amounts payable after more than one year | 17 | €102,618 | €62,421 | -€40,197 | -39.2% |
| Financial debts | 170/4 | €102,618 | €62,421 | -€40,197 | -39.2% |
| Amounts payable within one year | 42/48 | €202,311 | €157,656 | -€44,655 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €54,340 | €43,578 | -€10,762 | -19.8% |
| Trade debts | 44 | €65,187 | €62,013 | -€3,174 | -4.9% |
| Suppliers | 440/4 | €65,187 | €62,013 | -€3,174 | -4.9% |
| Taxes, remuneration and social security | 45 | €19,820 | €6,683 | -€13,137 | -66.3% |
| Taxes | 450/3 | €14,292 | €5,551 | -€8,742 | -61.2% |
| Remuneration and social security | 454/9 | €5,527 | €1,132 | -€4,395 | -79.5% |
| Other amounts payable | 47/48 | €62,965 | €45,383 | -€17,582 | -27.9% |
| Non-recurring operating income | 76A | - | €3,090 | +€3,090 | |
| Remuneration, social security and pensions | 62 | €41,504 | -€138 | -€41,642 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,053 | €67,524 | -€11,529 | -14.6% |
| Other operating charges | 640/8 | €30,371 | €24,396 | -€5,975 | -19.7% |
| Non-recurring operating charges | 66A | - | €10,000 | +€10,000 | |
| Gross operating margin | 9900 | €132,950 | €108,114 | -€24,837 | -18.7% |
| Operating profit (loss) | 9901 | -€17,978 | €6,331 | +€24,309 | |
| Financial income | 75/76B | €5,503 | €209 | -€5,294 | -96.2% |
| Recurring financial income | 75 | €5,503 | €209 | -€5,294 | -96.2% |
| Financial charges | 65/66B | €4,839 | €6,453 | +€1,614 | +33.4% |
| Recurring financial charges | 65 | €4,839 | €6,453 | +€1,614 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,314 | €87 | +€17,401 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €289 | €281 | -€8 | -2.6% |
| Profit (loss) for the period | 9904 | -€17,603 | -€194 | +€17,409 | +98.9% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,603 | -€194 | +€17,409 | +98.9% |
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 16 October 2026 via checked.be.