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Maxillo: 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.

What changed

Maxillo

BE 0760.442.980
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€433,990
2023 · €465,695-€31,705
Equity
€1.4m
2023 · €1.1m+€309,955
Cash
€1.0m
2023 · €1.0m+€4,705
Balance sheet total
€1.5m
2023 · €1.3m+€278,713

Largest movements

2023 to 2024
Assets
  • Receivables within one year +€328,000

    up €328,000 (+2828.5%), from €11,596 to €339,596

    of which Other amounts receivable: +€306,000

  • Deferred charges and accrued income -€41,697

    down €41,697 (-26.6%), from €156,972 to €115,275

Equity and liabilities
  • Reserves +€517,830

    up €517,830 (+212.9%), from €243,184 to €761,014

    of which Tax-exempt reserves: +€517,830

  • Profit (loss) carried forward -€207,875

    down €207,875 (-24.5%), from €848,151 to €640,276

  • Tax, wage and social debts -€163,347

    down €163,347 (-95.1%), from €171,747 to €8,400

  • Other debts +€126,660

    new in 2024: €126,660

Income statement
  • Gross operating margin -€17,455

    down €17,455 (-2.7%), from €638,289 to €620,834

  • Taxes +€17,046

    up €17,046 (+11.0%), from €154,947 to €171,993

From the 2023 result to the 2024 result

effect on the 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 2023 €465,695
Gross operating margin -€17,455
Depreciation +€2,196
Other operating charges -€174
Financial income +€1,230
Financial charges -€456
Taxes -€17,046
Result 2024 €433,990

Cash bridge derived

cash 2023 to 2024

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.

From operations +€131,439
Investment -€2,700
Financing -€124,035
Cash 2023 €1.0m
Net result for the year +€433,990
Depreciation +€14,995
Receivables within one year -€328,000
Deferred charges and accrued income +€41,697
Trade debts +€5,445
Tax, wage and social debts -€163,347
Other debts +€126,660
Investment in fixed assets (net) -€2,700
Contributions, distributions and other -€124,035
Cash 2024 €1.0m
Every line side by side 40 lines
Line Code 2023 2024 Change %
Total assets 20/58 €1,266,697 €1,545,409 +€278,713 +22.0%
Fixed assets 21/28 €70,726 €58,431 -€12,295 -17.4%
Tangible fixed assets 22/27 €70,726 €58,431 -€12,295 -17.4%
Furniture and vehicles 24 €48,726 €36,431 -€12,295 -25.2%
Other tangible fixed assets 26 €22,000 €22,000 = 0.0%
Current assets 29/58 €1,195,971 €1,486,979 +€291,008 +24.3%
Stocks and contracts in progress 3 €20,000 €20,000 = 0.0%
Stocks 30/36 €20,000 €20,000 = 0.0%
Amounts receivable within one year 40/41 €11,596 €339,596 +€328,000 +2828.5%
Trade receivables 40 - €22,000 +€22,000
Other amounts receivable 41 €11,596 €317,596 +€306,000 +2638.8%
Cash at bank and in hand 54/58 €1,007,403 €1,012,107 +€4,705 +0.5%
Deferred charges and accrued income 490/1 €156,972 €115,275 -€41,697 -26.6%
Total equity and liabilities 10/49 €1,266,697 €1,545,409 +€278,713 +22.0%
Equity 10/15 €1,091,435 €1,401,390 +€309,955 +28.4%
Contributions 10/11 €100 €100 = 0.0%
Reserves 13 €243,184 €761,014 +€517,830 +212.9%
Tax-exempt reserves 132 - €517,830 +€517,830
Distributable reserves 133 €243,184 €243,184 = 0.0%
Profit (loss) carried forward 14 €848,151 €640,276 -€207,875 -24.5%
Amounts payable 17/49 €175,262 €144,020 -€31,242 -17.8%
Amounts payable within one year 42/48 €175,262 €144,020 -€31,242 -17.8%
Trade debts 44 €3,515 €8,960 +€5,445 +154.9%
Suppliers 440/4 €3,515 €8,960 +€5,445 +154.9%
Taxes, remuneration and social security 45 €171,747 €8,400 -€163,347 -95.1%
Taxes 450/3 €171,747 €8,400 -€163,347 -95.1%
Other amounts payable 47/48 - €126,660 +€126,660
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €17,191 €14,995 -€2,196 -12.8%
Other operating charges 640/8 €384 €559 +€174 +45.3%
Gross operating margin 9900 €638,289 €620,834 -€17,455 -2.7%
Operating profit (loss) 9901 €620,713 €605,281 -€15,433 -2.5%
Financial income 75/76B - €1,230 +€1,230
Recurring financial income 75 - €1,230 +€1,230
Financial charges 65/66B €72 €528 +€456 +634.1%
Recurring financial charges 65 €72 €528 +€456 +634.1%
Profit (loss) for the period before taxes 9903 €620,641 €605,982 -€14,659 -2.4%
Income taxes 67/77 €154,947 €171,993 +€17,046 +11.0%
Profit (loss) for the period 9904 €465,695 €433,990 -€31,705 -6.8%
Transfer to tax-exempt reserves 689 - €307,330 +€307,330
Profit (loss) for the period to be appropriated 9905 €465,695 €126,660 -€339,035 -72.8%

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 28 September 2026 via checked.be.