Maxim's Couture: what changed
What changed
Maxim's Couture
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
filed annual accounts (NBB)
Net result for the year
-€10,651
2024 · €3,520-€14,171
Equity
€200,807
2024 · €211,458-€10,651
Cash
€68,014
2024 · €61,648+€6,367
Balance sheet total
€492,320
2024 · €541,115-€48,795
Largest movements
Assets
- Stocks and contracts -€29,302
down €29,302 (-7.6%), from €387,775 to €358,473
- Tangible fixed assets -€21,249
down €21,249 (-34.6%), from €61,403 to €40,154
of which Furniture and vehicles: -€18,576
- Cash +€6,367
up €6,367 (+10.3%), from €61,648 to €68,014
mainly Stocks and contracts (+€29,302) and Depreciation (+€21,249)
Equity and liabilities
- Other debts -€26,770
down €26,770 (-27.4%), from €97,527 to €70,757
- Reserves -€10,651
down €10,651 (-5.4%), from €199,058 to €188,407
- Accrued charges and deferred income -€6,885
down €6,885 (-97.3%), from €7,077 to €191
Income statement
- Gross operating margin -€50,730
down €50,730 (-34.3%), from €147,775 to €97,045
- Write-downs -€35,180
down €35,180, from €17,590 to -€17,590
- Other operating charges +€17,531
up €17,531 (+1,751%), from €1,001 to €18,532
- Depreciation -€9,319
down €9,319 (-30.5%), from €30,568 to €21,249
- Financial charges -€7,274
down €7,274 (-90.7%), from €8,023 to €748
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€3,520
Gross operating margin
-€50,730
Staff costs
+€3,242
Depreciation
+€9,319
Write-downs
+€35,180
Other operating charges
-€17,531
Financial income
-€3,005
Financial charges
+€7,274
Taxes
+€2,081
Result 2025
-€10,651
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€7,051
Investment
€0
Financing
-€684
Cash 2024
€61,648
From operations (derived)
+€7,051
Net result for the year
-€10,651
Depreciation
+€21,249
Stocks and contracts
+€29,302
Receivables within one year
+€2,663
Deferred charges and accrued income
+€1,947
Trade debts
-€913
Tax, wage and social debts
-€2,891
Other debts
-€26,770
Accrued charges and deferred income
-€6,885
Financing
-€684
Short-term financial debts
-€684
Cash 2025
€68,014
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €541,115 | €492,320 | -€48,795 | -9.0% |
| Fixed assets | 21/28 | €67,103 | €45,854 | -€21,249 | -31.7% |
| Tangible fixed assets | 22/27 | €61,403 | €40,154 | -€21,249 | -34.6% |
| Plant, machinery and equipment | 23 | €4,056 | €2,619 | -€1,437 | -35.4% |
| Furniture and vehicles | 24 | €51,494 | €32,918 | -€18,576 | -36.1% |
| Other tangible fixed assets | 26 | €5,853 | €4,617 | -€1,236 | -21.1% |
| Financial fixed assets | 28 | €5,700 | €5,700 | = | 0.0% |
| Current assets | 29/58 | €474,011 | €446,466 | -€27,546 | -5.8% |
| Stocks and contracts in progress | 3 | €387,775 | €358,473 | -€29,302 | -7.6% |
| Stocks | 30/36 | €387,775 | €358,473 | -€29,302 | -7.6% |
| Amounts receivable within one year | 40/41 | €19,809 | €17,146 | -€2,663 | -13.4% |
| Other amounts receivable | 41 | €19,809 | €17,146 | -€2,663 | -13.4% |
| Cash at bank and in hand | 54/58 | €61,648 | €68,014 | +€6,367 | +10.3% |
| Deferred charges and accrued income | 490/1 | €4,780 | €2,833 | -€1,947 | -40.7% |
| Total equity and liabilities | 10/49 | €541,115 | €492,320 | -€48,795 | -9.0% |
| Equity | 10/15 | €211,458 | €200,807 | -€10,651 | -5.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €199,058 | €188,407 | -€10,651 | -5.4% |
| Distributable reserves | 133 | €199,058 | €188,407 | -€10,651 | -5.4% |
| Amounts payable | 17/49 | €329,657 | €291,512 | -€38,144 | -11.6% |
| Amounts payable after more than one year | 17 | €207,000 | €207,000 | = | 0.0% |
| Other amounts payable | 178/9 | €207,000 | €207,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €115,580 | €84,321 | -€31,259 | -27.0% |
| Financial debts | 43 | €2,367 | €1,683 | -€684 | -28.9% |
| Credit institutions | 430/8 | €2,367 | €1,683 | -€684 | -28.9% |
| Trade debts | 44 | €2,280 | €1,367 | -€913 | -40.1% |
| Suppliers | 440/4 | €2,280 | €1,367 | -€913 | -40.1% |
| Taxes, remuneration and social security | 45 | €13,406 | €10,514 | -€2,891 | -21.6% |
| Taxes | 450/3 | €438 | €868 | +€430 | +98.1% |
| Remuneration and social security | 454/9 | €12,967 | €9,646 | -€3,321 | -25.6% |
| Other amounts payable | 47/48 | €97,527 | €70,757 | -€26,770 | -27.4% |
| Accrued charges and deferred income | 492/3 | €7,077 | €191 | -€6,885 | -97.3% |
| Remuneration, social security and pensions | 62 | €91,495 | €88,253 | -€3,242 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,568 | €21,249 | -€9,319 | -30.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,590 | -€17,590 | -€35,180 | |
| Other operating charges | 640/8 | €1,001 | €18,532 | +€17,531 | +1,751% |
| Gross operating margin | 9900 | €147,775 | €97,045 | -€50,730 | -34.3% |
| Operating profit (loss) | 9901 | €7,120 | -€13,400 | -€20,521 | |
| Financial income | 75/76B | €6,663 | €3,657 | -€3,005 | -45.1% |
| Recurring financial income | 75 | €6,663 | €3,657 | -€3,005 | -45.1% |
| Financial charges | 65/66B | €8,023 | €748 | -€7,274 | -90.7% |
| Recurring financial charges | 65 | €8,023 | €748 | -€7,274 | -90.7% |
| Profit (loss) for the period before taxes | 9903 | €5,760 | -€10,491 | -€16,252 | |
| Income taxes | 67/77 | €2,240 | €159 | -€2,081 | -92.9% |
| Profit (loss) for the period | 9904 | €3,520 | -€10,651 | -€14,171 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,520 | -€10,651 | -€14,171 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.