MAXIM PALACE: 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 PALACE
Largest movements
- Tangible fixed assets -€47,662
down €47,662 (-12.4%), from €385,319 to €337,657
- Receivables within one year +€7,415
up €7,415 (+13.4%), from €55,374 to €62,789
- Debts after one year -€45,304
down €45,304 (-16.9%), from €268,248 to €222,944
- Profit (loss) carried forward +€8,303
up €8,303 (+13.4%), from €61,878 to €70,181
- Trade debts +€4,414
up €4,414 (+43.2%), from €10,211 to €14,626
- Gross operating margin +€11,473
up €11,473 (+18.9%), from €60,781 to €72,253
- Other operating charges -€3,340
down €3,340 (-33.7%), from €9,899 to €6,559
- Financial charges -€1,204
down €1,204 (-11.0%), from €10,934 to €9,730
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 | €440,751 | €404,880 | -€35,871 | -8.1% |
| Fixed assets | 21/28 | €385,319 | €337,657 | -€47,662 | -12.4% |
| Tangible fixed assets | 22/27 | €385,319 | €337,657 | -€47,662 | -12.4% |
| Land and buildings | 22 | €385,319 | €337,657 | -€47,662 | -12.4% |
| Current assets | 29/58 | €55,432 | €67,223 | +€11,791 | +21.3% |
| Amounts receivable within one year | 40/41 | €55,374 | €62,789 | +€7,415 | +13.4% |
| Trade receivables | 40 | €55,374 | €62,789 | +€7,415 | +13.4% |
| Cash at bank and in hand | 54/58 | €58 | €4,223 | +€4,165 | +7,150% |
| Deferred charges and accrued income | 490/1 | - | €211 | +€211 | |
| Total equity and liabilities | 10/49 | €440,751 | €404,880 | -€35,871 | -8.1% |
| Equity | 10/15 | €82,338 | €90,641 | +€8,303 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,878 | €70,181 | +€8,303 | +13.4% |
| Amounts payable | 17/49 | €358,413 | €314,239 | -€44,174 | -12.3% |
| Amounts payable after more than one year | 17 | €268,248 | €222,944 | -€45,304 | -16.9% |
| Financial debts | 170/4 | €268,248 | €222,944 | -€45,304 | -16.9% |
| Amounts payable within one year | 42/48 | €90,164 | €91,295 | +€1,131 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €44,269 | €45,304 | +€1,036 | +2.3% |
| Financial debts | 43 | €4,319 | - | -€4,319 | |
| Credit institutions | 430/8 | €4,319 | - | -€4,319 | |
| Trade debts | 44 | €10,211 | €14,626 | +€4,414 | +43.2% |
| Suppliers | 440/4 | €10,211 | €14,626 | +€4,414 | +43.2% |
| Other amounts payable | 47/48 | €31,365 | €31,365 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,662 | €47,662 | = | 0.0% |
| Other operating charges | 640/8 | €9,899 | €6,559 | -€3,340 | -33.7% |
| Gross operating margin | 9900 | €60,781 | €72,253 | +€11,473 | +18.9% |
| Operating profit (loss) | 9901 | €3,220 | €18,033 | +€14,813 | +460% |
| Financial charges | 65/66B | €10,934 | €9,730 | -€1,204 | -11.0% |
| Recurring financial charges | 65 | €10,934 | €9,730 | -€1,204 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,715 | €8,303 | +€16,017 | |
| Profit (loss) for the period | 9904 | -€7,715 | €8,303 | +€16,017 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,715 | €8,303 | +€16,017 |
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.