MAXIGREEN: 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.
MAXIGREEN
Largest movements
- Tangible fixed assets -€30,623
down €30,623 (-32.0%), from €95,824 to €65,201
of which Plant, machinery and equipment: -€20,538
- Cash +€11,260
up €11,260 (+375.5%), from €2,999 to €14,259
mainly Depreciation (+€34,502) and Receivables within one year (+€8,676)
- Receivables within one year -€8,676
down €8,676 (-12.7%), from €68,435 to €59,759
of which Other amounts receivable: -€4,643
- Stocks and contracts -€5,725
down €5,725 (-85.9%), from €6,667 to €942
- Debts after one year -€29,441
down €29,441 (-40.5%), from €72,616 to €43,175
- Current portion of long-term debt -€3,094
down €3,094 (-9.5%), from €32,534 to €29,441
- Gross operating margin -€9,128
down €9,128 (-18.9%), from €48,274 to €39,147
- Depreciation -€5,286
down €5,286 (-13.3%), from €39,788 to €34,502
- Taxes -€2,558
down €2,558 (-56.1%), from €4,558 to €2,000
- Other operating charges -€780
down €780 (-33.1%), from €2,361 to €1,581
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 | €179,958 | €145,733 | -€34,225 | -19.0% |
| Fixed assets | 21/28 | €100,529 | €68,207 | -€32,323 | -32.2% |
| Intangible fixed assets | 21 | €4,681 | €2,981 | -€1,700 | -36.3% |
| Tangible fixed assets | 22/27 | €95,824 | €65,201 | -€30,623 | -32.0% |
| Plant, machinery and equipment | 23 | €58,440 | €37,902 | -€20,538 | -35.1% |
| Furniture and vehicles | 24 | €35,938 | €26,188 | -€9,750 | -27.1% |
| Other tangible fixed assets | 26 | €1,446 | €1,111 | -€335 | -23.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €79,429 | €77,526 | -€1,903 | -2.4% |
| Stocks and contracts in progress | 3 | €6,667 | €942 | -€5,725 | -85.9% |
| Stocks | 30/36 | €6,667 | €942 | -€5,725 | -85.9% |
| Amounts receivable within one year | 40/41 | €68,435 | €59,759 | -€8,676 | -12.7% |
| Trade receivables | 40 | €57,925 | €53,892 | -€4,033 | -7.0% |
| Other amounts receivable | 41 | €10,510 | €5,867 | -€4,643 | -44.2% |
| Cash at bank and in hand | 54/58 | €2,999 | €14,259 | +€11,260 | +375.5% |
| Deferred charges and accrued income | 490/1 | €1,328 | €2,566 | +€1,238 | +93.2% |
| Total equity and liabilities | 10/49 | €179,958 | €145,733 | -€34,225 | -19.0% |
| Equity | 10/15 | €53,738 | €53,811 | +€73 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,860 | €17,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,278 | €17,351 | +€73 | +0.4% |
| Amounts payable | 17/49 | €126,219 | €91,922 | -€34,298 | -27.2% |
| Amounts payable after more than one year | 17 | €72,616 | €43,175 | -€29,441 | -40.5% |
| Financial debts | 170/4 | €72,616 | €43,175 | -€29,441 | -40.5% |
| Amounts payable within one year | 42/48 | €53,311 | €48,258 | -€5,053 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €32,534 | €29,441 | -€3,094 | -9.5% |
| Trade debts | 44 | €17,180 | €16,535 | -€645 | -3.8% |
| Suppliers | 440/4 | €17,180 | €16,535 | -€645 | -3.8% |
| Taxes, remuneration and social security | 45 | €1,341 | - | -€1,341 | |
| Taxes | 450/3 | €1,341 | - | -€1,341 | |
| Other amounts payable | 47/48 | €2,256 | €2,283 | +€27 | +1.2% |
| Accrued charges and deferred income | 492/3 | €292 | €488 | +€196 | +67.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,788 | €34,502 | -€5,286 | -13.3% |
| Other operating charges | 640/8 | €2,361 | €1,581 | -€780 | -33.1% |
| Gross operating margin | 9900 | €48,274 | €39,147 | -€9,128 | -18.9% |
| Operating profit (loss) | 9901 | €6,126 | €3,064 | -€3,061 | -50.0% |
| Financial income | 75/76B | €1 | €0 | -€0 | -62.9% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -62.9% |
| Financial charges | 65/66B | €1,360 | €992 | -€368 | -27.1% |
| Recurring financial charges | 65 | €1,360 | €992 | -€368 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €4,766 | €2,073 | -€2,693 | -56.5% |
| Income taxes | 67/77 | €4,558 | €2,000 | -€2,558 | -56.1% |
| Profit (loss) for the period | 9904 | €208 | €73 | -€135 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €208 | €73 | -€135 | -65.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.