MAXIFLOWER: 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.
MAXIFLOWER
Largest movements
- Receivables within one year +€102,572
up €102,572 (+22.1%), from €463,254 to €565,825
of which Trade receivables: +€72,854
- Tangible fixed assets -€46,514
down €46,514 (-10.0%), from €466,692 to €420,178
of which Land and buildings: -€25,509
- Current investments +€18,000
up €18,000 (+20.7%), from €86,874 to €104,874
- Other debts +€76,021
up €76,021 (+60.7%), from €125,226 to €201,247
- Tax, wage and social debts +€29,909
up €29,909 (+115.3%), from €25,938 to €55,847
of which Taxes: +€33,679
- Reserves +€29,116
up €29,116 (+3.7%), from €790,190 to €819,306
of which Distributable reserves: +€29,116
- Debts after one year -€28,280
down €28,280 (-10.4%), from €273,025 to €244,745
- Trade debts -€18,867
down €18,867 (-39.2%), from €48,187 to €29,320
- Gross operating margin -€36,574
down €36,574 (-8.0%), from €454,862 to €418,289
- Staff costs -€21,763
down €21,763 (-15.0%), from €144,808 to €123,044
- Taxes +€17,630
up €17,630 (+29.9%), from €58,939 to €76,569
- Depreciation -€9,074
down €9,074 (-14.0%), from €64,616 to €55,542
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 | €1,327,017 | €1,413,745 | +€86,728 | +6.5% |
| Fixed assets | 21/28 | €466,857 | €420,343 | -€46,514 | -10.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €466,692 | €420,178 | -€46,514 | -10.0% |
| Land and buildings | 22 | €336,252 | €310,743 | -€25,509 | -7.6% |
| Plant, machinery and equipment | 23 | €8,785 | €14,177 | +€5,392 | +61.4% |
| Furniture and vehicles | 24 | €13,370 | €9,001 | -€4,368 | -32.7% |
| Other tangible fixed assets | 26 | €108,286 | €86,257 | -€22,029 | -20.3% |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €860,160 | €993,402 | +€133,242 | +15.5% |
| Stocks and contracts in progress | 3 | €83,483 | €96,501 | +€13,018 | +15.6% |
| Stocks | 30/36 | €83,483 | €96,501 | +€13,018 | +15.6% |
| Amounts receivable within one year | 40/41 | €463,254 | €565,825 | +€102,572 | +22.1% |
| Trade receivables | 40 | €445,229 | €518,083 | +€72,854 | +16.4% |
| Other amounts receivable | 41 | €18,024 | €47,742 | +€29,718 | +164.9% |
| Current investments | 50/53 | €86,874 | €104,874 | +€18,000 | +20.7% |
| Cash at bank and in hand | 54/58 | €223,351 | €226,202 | +€2,851 | +1.3% |
| Deferred charges and accrued income | 490/1 | €3,200 | €0 | -€3,200 | -100.0% |
| Total equity and liabilities | 10/49 | €1,327,017 | €1,413,745 | +€86,728 | +6.5% |
| Equity | 10/15 | €825,190 | €854,306 | +€29,116 | +3.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Capital | 10 | - | €35,000 | +€35,000 | |
| Issued capital | 100 | - | €35,000 | +€35,000 | |
| Reserves | 13 | €790,190 | €819,306 | +€29,116 | +3.7% |
| Non-distributable reserves | 130/1 | €3,500 | €3,500 | = | 0.0% |
| Legal reserve | 130 | - | €3,500 | +€3,500 | |
| Reserves not available under the articles | 1311 | €3,500 | - | -€3,500 | |
| Distributable reserves | 133 | €786,690 | €815,806 | +€29,116 | +3.7% |
| Amounts payable | 17/49 | €501,827 | €559,439 | +€57,612 | +11.5% |
| Amounts payable after more than one year | 17 | €273,025 | €244,745 | -€28,280 | -10.4% |
| Financial debts | 170/4 | €273,025 | €244,745 | -€28,280 | -10.4% |
| Amounts payable within one year | 42/48 | €227,213 | €314,695 | +€87,481 | +38.5% |
| Current portion of amounts payable after more than one year | 42 | €27,862 | €28,280 | +€418 | +1.5% |
| Trade debts | 44 | €48,187 | €29,320 | -€18,867 | -39.2% |
| Suppliers | 440/4 | €48,187 | €29,320 | -€18,867 | -39.2% |
| Taxes, remuneration and social security | 45 | €25,938 | €55,847 | +€29,909 | +115.3% |
| Taxes | 450/3 | €3,278 | €36,957 | +€33,679 | +1027.3% |
| Remuneration and social security | 454/9 | €22,660 | €18,890 | -€3,770 | -16.6% |
| Other amounts payable | 47/48 | €125,226 | €201,247 | +€76,021 | +60.7% |
| Accrued charges and deferred income | 492/3 | €1,588 | €0 | -€1,588 | -100.0% |
| Remuneration, social security and pensions | 62 | €144,808 | €123,044 | -€21,763 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,616 | €55,542 | -€9,074 | -14.0% |
| Other operating charges | 640/8 | €9,045 | €9,757 | +€712 | +7.9% |
| Gross operating margin | 9900 | €454,862 | €418,289 | -€36,574 | -8.0% |
| Operating profit (loss) | 9901 | €236,394 | €229,945 | -€6,449 | -2.7% |
| Financial income | 75/76B | €1,811 | €2,088 | +€277 | +15.3% |
| Recurring financial income | 75 | €1,811 | €2,088 | +€277 | +15.3% |
| Financial charges | 65/66B | €7,009 | €6,598 | -€410 | -5.9% |
| Recurring financial charges | 65 | €7,009 | €6,598 | -€410 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €231,196 | €225,435 | -€5,761 | -2.5% |
| Income taxes | 67/77 | €58,939 | €76,569 | +€17,630 | +29.9% |
| Profit (loss) for the period | 9904 | €172,257 | €148,866 | -€23,391 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €172,257 | €148,866 | -€23,391 | -13.6% |
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 2 October 2026 via checked.be.