MAXIBAU: 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.
MAXIBAU
Largest movements
- Tangible fixed assets -€736,199
down €736,199 (-63.7%), from €1.2m to €419,306
of which Other tangible fixed assets: -€760,695
- Current investments +€569,098
up €569,098 (+40.9%), from €1.4m to €2.0m
- Cash +€104,164
up €104,164 (+64.8%), from €160,722 to €264,886
mainly Investment in fixed assets (net) (+€735,648) and Net result for the year (+€327,902)
- Debts after one year -€354,521
down €354,521 (-64.6%), from €548,723 to €194,202
- Profit (loss) carried forward +€327,902
up €327,902 (+31.5%), from €1.0m to €1.4m
- Financial income +€192,053
up €192,053 (+505.5%), from €37,996 to €230,050
- Gross operating margin +€139,237
up €139,237, from -€37,359 to €101,878
- Financial charges +€82,435
up €82,435, from -€81,878 to €557
- Depreciation -€3,657
down €3,657 (-86.9%), from €4,208 to €551
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,007,216 | €7,930,021 | -€77,194 | -1.0% |
| Fixed assets | 21/28 | €6,405,505 | €5,669,306 | -€736,199 | -11.5% |
| Tangible fixed assets | 22/27 | €1,155,505 | €419,306 | -€736,199 | -63.7% |
| Land and buildings | 22 | €394,810 | €331,819 | -€62,991 | -16.0% |
| Plant, machinery and equipment | 23 | - | €71,563 | +€71,563 | |
| Furniture and vehicles | 24 | - | €15,924 | +€15,924 | |
| Other tangible fixed assets | 26 | €760,695 | - | -€760,695 | |
| Financial fixed assets | 28 | €5,250,000 | €5,250,000 | = | 0.0% |
| Current assets | 29/58 | €1,601,711 | €2,260,715 | +€659,005 | +41.1% |
| Amounts receivable within one year | 40/41 | €49,244 | €34,385 | -€14,859 | -30.2% |
| Other amounts receivable | 41 | €49,244 | €34,385 | -€14,859 | -30.2% |
| Current investments | 50/53 | €1,391,377 | €1,960,476 | +€569,098 | +40.9% |
| Cash at bank and in hand | 54/58 | €160,722 | €264,886 | +€104,164 | +64.8% |
| Deferred charges and accrued income | 490/1 | €367 | €968 | +€601 | +163.6% |
| Total equity and liabilities | 10/49 | €8,007,216 | €7,930,021 | -€77,194 | -1.0% |
| Equity | 10/15 | €7,387,970 | €7,709,673 | +€321,702 | +4.4% |
| Contributions | 10/11 | €5,268,600 | €5,262,400 | -€6,200 | -0.1% |
| Reserves | 13 | €1,076,924 | €1,076,924 | = | 0.0% |
| Distributable reserves | 133 | €1,076,924 | €1,076,924 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,042,447 | €1,370,349 | +€327,902 | +31.5% |
| Amounts payable | 17/49 | €619,245 | €220,349 | -€398,896 | -64.4% |
| Amounts payable after more than one year | 17 | €548,723 | €194,202 | -€354,521 | -64.6% |
| Financial debts | 170/4 | €548,723 | €194,202 | -€354,521 | -64.6% |
| Amounts payable within one year | 42/48 | €70,523 | €26,147 | -€44,376 | -62.9% |
| Current portion of amounts payable after more than one year | 42 | €70,523 | €22,672 | -€47,851 | -67.9% |
| Trade debts | 44 | - | €3,475 | +€3,475 | |
| Suppliers | 440/4 | - | €3,475 | +€3,475 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,208 | €551 | -€3,657 | -86.9% |
| Other operating charges | 640/8 | €3,271 | €2,918 | -€353 | -10.8% |
| Gross operating margin | 9900 | -€37,359 | €101,878 | +€139,237 | |
| Operating profit (loss) | 9901 | -€44,838 | €98,410 | +€143,247 | |
| Financial income | 75/76B | €37,996 | €230,050 | +€192,053 | +505.5% |
| Recurring financial income | 75 | €37,996 | €230,050 | +€192,053 | +505.5% |
| Financial charges | 65/66B | -€81,878 | €557 | +€82,435 | |
| Recurring financial charges | 65 | -€81,878 | €557 | +€82,435 | |
| Profit (loss) for the period before taxes | 9903 | €75,037 | €327,902 | +€252,866 | +337.0% |
| Profit (loss) for the period | 9904 | €75,037 | €327,902 | +€252,866 | +337.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,037 | €327,902 | +€252,866 | +337.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.