MAXIM CAR: 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.
MAXIM CAR
Largest movements
- Cash -€55,960
down €55,960 (-23.8%), from €235,468 to €179,508
mainly Investment in fixed assets (net) (-€66,545) and Other debts (-€32,053)
- Receivables within one year -€22,562
down €22,562 (-41.9%), from €53,826 to €31,263
of which Trade receivables: -€36,766
- Tangible fixed assets +€12,144
up €12,144 (+8.0%), from €151,183 to €163,327
of which Furniture and vehicles: +€40,296
- Stocks and contracts -€6,101
down €6,101 (-25.2%), from €24,218 to €18,117
- Other debts -€32,053
down €32,053 (-52.3%), from €61,287 to €29,234
- Debts after one year -€17,806
down €17,806 (-37.7%), from €47,266 to €29,459
- Trade debts -€11,662
down €11,662 (-48.1%), from €24,260 to €12,599
- Accrued charges and deferred income -€9,945
down €9,945 (-99.5%), from €10,000 to €55
- Current portion of long-term debt +€8,568
up €8,568 (+25.4%), from €33,747 to €42,315
- Staff costs +€41,703
up €41,703 (+42.5%), from €98,185 to €139,888
- Gross operating margin -€21,429
down €21,429 (-8.9%), from €240,602 to €219,173
- Taxes -€9,162
down €9,162 (-39.8%), from €23,035 to €13,873
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.
Derived cash bridge
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 | €466,860 | €397,314 | -€69,546 | -14.9% |
| Fixed assets | 21/28 | €151,183 | €163,327 | +€12,144 | +8.0% |
| Tangible fixed assets | 22/27 | €151,183 | €163,327 | +€12,144 | +8.0% |
| Land and buildings | 22 | €14,445 | €12,742 | -€1,704 | -11.8% |
| Plant, machinery and equipment | 23 | €13,744 | €11,212 | -€2,532 | -18.4% |
| Furniture and vehicles | 24 | €67,375 | €107,671 | +€40,296 | +59.8% |
| Leasing and similar rights | 25 | €17,235 | - | -€17,235 | |
| Other tangible fixed assets | 26 | €38,383 | €31,702 | -€6,681 | -17.4% |
| Current assets | 29/58 | €315,677 | €233,987 | -€81,690 | -25.9% |
| Stocks and contracts in progress | 3 | €24,218 | €18,117 | -€6,101 | -25.2% |
| Stocks | 30/36 | €24,218 | €18,117 | -€6,101 | -25.2% |
| Amounts receivable within one year | 40/41 | €53,826 | €31,263 | -€22,562 | -41.9% |
| Trade receivables | 40 | €53,624 | €16,858 | -€36,766 | -68.6% |
| Other amounts receivable | 41 | €201 | €14,405 | +€14,204 | +7,055% |
| Cash at bank and in hand | 54/58 | €235,468 | €179,508 | -€55,960 | -23.8% |
| Deferred charges and accrued income | 490/1 | €2,165 | €5,098 | +€2,934 | +136% |
| Total equity and liabilities | 10/49 | €466,860 | €397,314 | -€69,546 | -14.9% |
| Equity | 10/15 | €236,777 | €235,977 | -€801 | -0.3% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €93,707 | €93,707 | = | 0.0% |
| Distributable reserves | 133 | €93,707 | €93,707 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,070 | €118,269 | -€801 | -0.7% |
| Amounts payable | 17/49 | €230,082 | €161,337 | -€68,745 | -29.9% |
| Amounts payable after more than one year | 17 | €47,266 | €29,459 | -€17,806 | -37.7% |
| Financial debts | 170/4 | €47,266 | €29,459 | -€17,806 | -37.7% |
| Amounts payable within one year | 42/48 | €172,817 | €131,823 | -€40,993 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €33,747 | €42,315 | +€8,568 | +25.4% |
| Trade debts | 44 | €24,260 | €12,599 | -€11,662 | -48.1% |
| Suppliers | 440/4 | €24,260 | €12,599 | -€11,662 | -48.1% |
| Taxes, remuneration and social security | 45 | €53,522 | €47,675 | -€5,847 | -10.9% |
| Taxes | 450/3 | €45,197 | €30,568 | -€14,630 | -32.4% |
| Remuneration and social security | 454/9 | €8,324 | €17,107 | +€8,783 | +106% |
| Other amounts payable | 47/48 | €61,287 | €29,234 | -€32,053 | -52.3% |
| Accrued charges and deferred income | 492/3 | €10,000 | €55 | -€9,945 | -99.5% |
| Non-recurring operating income | 76A | - | €19,683 | +€19,683 | |
| Remuneration, social security and pensions | 62 | €98,185 | €139,888 | +€41,703 | +42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,820 | €54,402 | +€581 | +1.1% |
| Other operating charges | 640/8 | €9,143 | €10,716 | +€1,573 | +17.2% |
| Non-recurring operating charges | 66A | €4,621 | - | -€4,621 | |
| Gross operating margin | 9900 | €240,602 | €219,173 | -€21,429 | -8.9% |
| Operating profit (loss) | 9901 | €74,832 | €14,168 | -€60,665 | -81.1% |
| Financial income | 75/76B | €1,266 | €3,580 | +€2,314 | +183% |
| Recurring financial income | 75 | €1,266 | €3,580 | +€2,314 | +183% |
| Financial charges | 65/66B | €6,333 | €4,675 | -€1,658 | -26.2% |
| Recurring financial charges | 65 | €6,333 | €4,675 | -€1,658 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €69,765 | €13,072 | -€56,693 | -81.3% |
| Income taxes | 67/77 | €23,035 | €13,873 | -€9,162 | -39.8% |
| Profit (loss) for the period | 9904 | €46,730 | -€801 | -€47,531 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,730 | -€801 | -€47,531 |
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 15 October 2026 via checked.be.