MAXIMOTORS: 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.
MAXIMOTORS
Largest movements
- Receivables within one year -€64,047
down €64,047 (-47.7%), from €134,286 to €70,238
of which Other amounts receivable: -€58,202
- Cash -€47,121
down €47,121 (-31.2%), from €150,828 to €103,706
mainly Trade debts (-€187,149) and Debts after one year (-€171,122)
- Tangible fixed assets +€21,814
up €21,814 (+490%), from €4,447 to €26,262
- Stocks and contracts -€19,522
down €19,522 (-2.1%), from €949,963 to €930,441
- Reserves +€223,178
new in 2025: €223,178
- Trade debts -€187,149
down €187,149 (-86.0%), from €217,641 to €30,493
- Debts after one year -€171,122
no longer reported in 2025 (was €171,122)
- Tax, wage and social debts +€52,328
up €52,328 (+84.3%), from €62,109 to €114,437
of which Taxes: +€47,307
- Gross operating margin +€118,632
up €118,632 (+39.7%), from €298,964 to €417,596
- Taxes +€45,676
up €45,676 (+74.1%), from €61,631 to €107,307
- Financial income -€4,751
down €4,751 (-95.0%), from €5,000 to €249
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 | €1,243,355 | €1,139,199 | -€104,156 | -8.4% |
| Fixed assets | 21/28 | €4,654 | €26,468 | +€21,814 | +469% |
| Tangible fixed assets | 22/27 | €4,447 | €26,262 | +€21,814 | +490% |
| Plant, machinery and equipment | 23 | €4,447 | €26,262 | +€21,814 | +490% |
| Financial fixed assets | 28 | €206 | €206 | = | 0.0% |
| Current assets | 29/58 | €1,238,701 | €1,112,731 | -€125,970 | -10.2% |
| Stocks and contracts in progress | 3 | €949,963 | €930,441 | -€19,522 | -2.1% |
| Stocks | 30/36 | €949,963 | €930,441 | -€19,522 | -2.1% |
| Amounts receivable within one year | 40/41 | €134,286 | €70,238 | -€64,047 | -47.7% |
| Trade receivables | 40 | €15,962 | €10,117 | -€5,845 | -36.6% |
| Other amounts receivable | 41 | €118,323 | €60,121 | -€58,202 | -49.2% |
| Cash at bank and in hand | 54/58 | €150,828 | €103,706 | -€47,121 | -31.2% |
| Deferred charges and accrued income | 490/1 | €3,625 | €8,346 | +€4,721 | +130% |
| Total equity and liabilities | 10/49 | €1,243,355 | €1,139,199 | -€104,156 | -8.4% |
| Equity | 10/15 | €518,142 | €741,320 | +€223,178 | +43.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €223,178 | +€223,178 | |
| Distributable reserves | 133 | - | €223,178 | +€223,178 | |
| Profit (loss) carried forward | 14 | €499,542 | €499,542 | = | 0.0% |
| Amounts payable | 17/49 | €725,213 | €397,879 | -€327,333 | -45.1% |
| Amounts payable after more than one year | 17 | €171,122 | - | -€171,122 | |
| Financial debts | 170/4 | €171,122 | - | -€171,122 | |
| Amounts payable within one year | 42/48 | €554,091 | €397,879 | -€156,211 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €15,691 | €5,050 | -€10,640 | -67.8% |
| Trade debts | 44 | €217,641 | €30,493 | -€187,149 | -86.0% |
| Suppliers | 440/4 | €217,641 | €30,493 | -€187,149 | -86.0% |
| Advances received on contracts in progress | 46 | €2,000 | - | -€2,000 | |
| Taxes, remuneration and social security | 45 | €62,109 | €114,437 | +€52,328 | +84.3% |
| Taxes | 450/3 | €61,631 | €108,937 | +€47,307 | +76.8% |
| Remuneration and social security | 454/9 | €479 | €5,500 | +€5,021 | +1,049% |
| Other amounts payable | 47/48 | €256,650 | €247,899 | -€8,750 | -3.4% |
| Remuneration, social security and pensions | 62 | €47,298 | €43,846 | -€3,452 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,660 | €2,458 | +€798 | +48.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €450 | €450 | = | 0.0% |
| Other operating charges | 640/8 | €25,662 | €28,448 | +€2,786 | +10.9% |
| Gross operating margin | 9900 | €298,964 | €417,596 | +€118,632 | +39.7% |
| Operating profit (loss) | 9901 | €223,894 | €342,394 | +€118,500 | +52.9% |
| Financial income | 75/76B | €5,000 | €249 | -€4,751 | -95.0% |
| Recurring financial income | 75 | €5,000 | €249 | -€4,751 | -95.0% |
| Financial charges | 65/66B | €10,910 | €12,158 | +€1,248 | +11.4% |
| Recurring financial charges | 65 | €10,910 | €12,158 | +€1,248 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €217,984 | €330,485 | +€112,500 | +51.6% |
| Income taxes | 67/77 | €61,631 | €107,307 | +€45,676 | +74.1% |
| Profit (loss) for the period | 9904 | €156,354 | €223,178 | +€66,824 | +42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €156,354 | €223,178 | +€66,824 | +42.7% |
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 14 October 2026 via checked.be.