MAXICON: 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.
What changed
MAXICON
NACE 33.120, Repair and maintenance of machinery
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€289,167
2024 · €536,112-€246,945
Equity
€365,012
2024 · €1.5m-€1.2m
Cash
€577,188
2024 · €872,098-€294,910
Balance sheet total
€4.6m
2024 · €5.3m-€641,951
Largest movements
Assets
- Receivables within one year -€386,268
down €386,268 (-13.8%), from €2.8m to €2.4m
of which Trade receivables: -€309,953
- Cash -€294,910
down €294,910 (-33.8%), from €872,098 to €577,188
mainly Contributions, distributions and other (-€1.5m) and Tax, wage and social debts (-€265,848)
- Tangible fixed assets +€82,569
up €82,569 (+5.8%), from €1.4m to €1.5m
of which Furniture and vehicles: +€151,103
Equity and liabilities
- Reserves -€1.2m
down €1.2m (-82.9%), from €1.4m to €240,012
- Other debts +€912,531
up €912,531 (+52.6%), from €1.7m to €2.6m
- Tax, wage and social debts -€265,848
down €265,848 (-30.5%), from €871,357 to €605,509
of which Remuneration and social security: -€162,397
- Debts after one year -€67,768
down €67,768 (-34.8%), from €194,860 to €127,092
Income statement
- Turnover -€2.1m
down €2.1m (-14.9%), from €14.0m to €11.9m
- Staff costs -€1.1m
down €1.1m (-16.3%), from €6.5m to €5.4m
- Goods and materials -€832,668
down €832,668 (-23.0%), from €3.6m to €2.8m
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.
Result 2024
€536,112
Turnover
-€2.1m
Other operating income
-€130,320
Goods and materials
+€832,668
Services and other goods
+€19,376
Staff costs
+€1.1m
Depreciation
-€36,987
Write-downs
+€33,380
Other operating charges
-€13,455
Other operating items
-€63,378
Financial income
-€20,918
Financial charges
+€44,415
Taxes
+€123,940
Result 2025
€289,167
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.
From operations
+€1.5m
Investment
-€256,180
Financing
-€1.5m
Cash 2024
€872,098
From operations (derived)
+€1.5m
Net result for the year
+€289,167
Depreciation
+€219,364
Receivables within one year
+€386,268
Smaller working-capital items
-€2,401
Trade debts
-€49,270
Tax, wage and social debts
-€265,848
Other debts
+€912,531
Investment (derived)
-€256,180
Investment in fixed assets (net)
-€256,180
Financing
-€1.5m
Debts after one year
-€67,768
Current portion of long-term debt
-€5,621
Short-term financial debts
-€5,153
Contributions, distributions and other
-€1.5m
Cash 2025
€577,188
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,286,719 | €4,644,768 | -€641,951 | -12.1% |
| Fixed assets | 21/28 | €1,606,891 | €1,643,707 | +€36,816 | +2.3% |
| Intangible fixed assets | 21 | €162,635 | €122,883 | -€39,753 | -24.4% |
| Tangible fixed assets | 22/27 | €1,411,603 | €1,494,171 | +€82,569 | +5.8% |
| Land and buildings | 22 | €1,066,352 | €1,039,279 | -€27,073 | -2.5% |
| Plant, machinery and equipment | 23 | €93,888 | €59,730 | -€34,158 | -36.4% |
| Furniture and vehicles | 24 | €209,208 | €360,311 | +€151,103 | +72.2% |
| Other tangible fixed assets | 26 | €42,154 | €34,851 | -€7,303 | -17.3% |
| Financial fixed assets | 28 | €32,653 | €26,653 | -€6,000 | -18.4% |
| Other financial fixed assets | 284/8 | €32,653 | €26,653 | -€6,000 | -18.4% |
| Amounts receivable and cash guarantees | 285/8 | €32,653 | €26,653 | -€6,000 | -18.4% |
| Current assets | 29/58 | €3,679,828 | €3,001,061 | -€678,767 | -18.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,807,730 | €2,421,462 | -€386,268 | -13.8% |
| Trade receivables | 40 | €2,578,558 | €2,268,605 | -€309,953 | -12.0% |
| Other amounts receivable | 41 | €229,172 | €152,857 | -€76,315 | -33.3% |
| Cash at bank and in hand | 54/58 | €872,098 | €577,188 | -€294,910 | -33.8% |
| Deferred charges and accrued income | 490/1 | €0 | €2,411 | +€2,411 | |
| Total equity and liabilities | 10/49 | €5,286,719 | €4,644,768 | -€641,951 | -12.1% |
| Equity | 10/15 | €1,525,845 | €365,012 | -€1.2m | -76.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €1,400,845 | €240,012 | -€1.2m | -82.9% |
| Distributable reserves | 133 | €1,400,845 | €240,012 | -€1.2m | -82.9% |
| Amounts payable | 17/49 | €3,760,874 | €4,279,756 | +€518,882 | +13.8% |
| Amounts payable after more than one year | 17 | €194,860 | €127,092 | -€67,768 | -34.8% |
| Financial debts | 170/4 | €194,860 | €127,092 | -€67,768 | -34.8% |
| Credit institutions | 173 | €194,860 | €127,092 | -€67,768 | -34.8% |
| Amounts payable within one year | 42/48 | €3,502,616 | €4,089,255 | +€586,639 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €73,389 | €67,768 | -€5,621 | -7.7% |
| Financial debts | 43 | €182,989 | €177,836 | -€5,153 | -2.8% |
| Credit institutions | 430/8 | €182,989 | €177,836 | -€5,153 | -2.8% |
| Trade debts | 44 | €640,445 | €591,176 | -€49,270 | -7.7% |
| Suppliers | 440/4 | €640,445 | €591,176 | -€49,270 | -7.7% |
| Taxes, remuneration and social security | 45 | €871,357 | €605,509 | -€265,848 | -30.5% |
| Taxes | 450/3 | €250,470 | €147,019 | -€103,451 | -41.3% |
| Remuneration and social security | 454/9 | €620,887 | €458,491 | -€162,397 | -26.2% |
| Other amounts payable | 47/48 | €1,734,436 | €2,646,966 | +€912,531 | +52.6% |
| Accrued charges and deferred income | 492/3 | €63,398 | €63,408 | +€10 | 0.0% |
| Operating income | 70/76A | €14,991,669 | €12,676,999 | -€2.3m | -15.4% |
| Turnover | 70 | €14,040,652 | €11,947,222 | -€2.1m | -14.9% |
| Other operating income | 74 | €821,845 | €691,525 | -€130,320 | -15.9% |
| Non-recurring operating income | 76A | €129,172 | €38,252 | -€90,921 | -70.4% |
| Operating charges | 60/66A | €14,046,271 | €12,125,981 | -€1.9m | -13.7% |
| Goods for resale, raw materials and consumables | 60 | €3,617,778 | €2,785,109 | -€832,668 | -23.0% |
| Purchases | 600/8 | €3,617,778 | €2,785,109 | -€832,668 | -23.0% |
| Services and other goods | 61 | €3,687,713 | €3,668,336 | -€19,376 | -0.5% |
| Remuneration, social security and pensions | 62 | €6,474,848 | €5,417,083 | -€1.1m | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,377 | €219,364 | +€36,987 | +20.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,464 | -€21,916 | -€33,380 | |
| Other operating charges | 640/8 | €35,171 | €48,626 | +€13,455 | +38.3% |
| Non-recurring operating charges | 66A | €36,921 | €9,379 | -€27,543 | -74.6% |
| Operating profit (loss) | 9901 | €945,399 | €551,017 | -€394,381 | -41.7% |
| Financial income | 75/76B | €64,406 | €43,487 | -€20,918 | -32.5% |
| Recurring financial income | 75 | €64,406 | €43,487 | -€20,918 | -32.5% |
| Income from current assets | 751 | €7,824 | €11,956 | +€4,132 | +52.8% |
| Other financial income | 752/9 | €56,581 | €31,531 | -€25,050 | -44.3% |
| Financial charges | 65/66B | €194,499 | €150,085 | -€44,415 | -22.8% |
| Recurring financial charges | 65 | €194,499 | €150,085 | -€44,415 | -22.8% |
| Debt charges | 650 | €186,154 | €143,442 | -€42,712 | -22.9% |
| Other financial charges | 652/9 | €8,346 | €6,643 | -€1,703 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €815,305 | €444,420 | -€370,885 | -45.5% |
| Income taxes | 67/77 | €279,193 | €155,253 | -€123,940 | -44.4% |
| Taxes | 670/3 | €282,000 | €159,000 | -€123,000 | -43.6% |
| Tax adjustments and reversals of tax provisions | 77 | €2,807 | €3,747 | +€940 | +33.5% |
| Profit (loss) for the period | 9904 | €536,112 | €289,167 | -€246,945 | -46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €536,112 | €289,167 | -€246,945 | -46.1% |
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 11 October 2026 via checked.be.