MAXIMUS: 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.
MAXIMUS
Largest movements
- Receivables within one year +€169,433
up €169,433 (+127.6%), from €132,734 to €302,167
of which Trade receivables: +€164,633
- Stocks and contracts +€166,044
up €166,044 (+62.1%), from €267,543 to €433,587
- Tangible fixed assets +€112,473
up €112,473 (+137.8%), from €81,649 to €194,122
of which Plant, machinery and equipment: +€113,921
- Cash +€21,258
up €21,258 (+278.4%), from €7,636 to €28,894
mainly Trade debts (+€186,213) and Short-term financial debts (+€145,572)
- Trade debts +€186,213
up €186,213 (+122.5%), from €152,029 to €338,242
- Short-term financial debts +€145,572
new in 2024: €145,572
- Debts after one year +€64,154
up €64,154 (+73.2%), from €87,628 to €151,782
- Profit (loss) carried forward +€38,173
up €38,173 (+60.9%), from €62,680 to €100,853
- Other debts +€27,395
up €27,395 (+29.0%), from €94,499 to €121,894
- Gross operating margin +€28,034
up €28,034 (+26.1%), from €107,416 to €135,451
- Financial charges +€19,296
up €19,296 (+550.7%), from €3,504 to €22,800
- Depreciation +€8,780
up €8,780 (+46.9%), from €18,718 to €27,498
- Taxes -€7,501
down €7,501 (-58.6%), from €12,800 to €5,300
- Other operating charges +€2,365
up €2,365 (+203.3%), from €1,164 to €3,529
From the 2023 result to the 2024 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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €489,562 | €959,461 | +€469,899 | +96.0% |
| Fixed assets | 21/28 | €81,649 | €194,122 | +€112,473 | +137.8% |
| Tangible fixed assets | 22/27 | €81,649 | €194,122 | +€112,473 | +137.8% |
| Plant, machinery and equipment | 23 | €54,614 | €168,535 | +€113,921 | +208.6% |
| Furniture and vehicles | 24 | €20,345 | €11,833 | -€8,512 | -41.8% |
| Other tangible fixed assets | 26 | €6,690 | €13,754 | +€7,064 | +105.6% |
| Current assets | 29/58 | €407,913 | €765,339 | +€357,426 | +87.6% |
| Stocks and contracts in progress | 3 | €267,543 | €433,587 | +€166,044 | +62.1% |
| Stocks | 30/36 | €267,543 | €433,587 | +€166,044 | +62.1% |
| Amounts receivable within one year | 40/41 | €132,734 | €302,167 | +€169,433 | +127.6% |
| Trade receivables | 40 | €132,734 | €297,367 | +€164,633 | +124.0% |
| Other amounts receivable | 41 | - | €4,800 | +€4,800 | |
| Cash at bank and in hand | 54/58 | €7,636 | €28,894 | +€21,258 | +278.4% |
| Deferred charges and accrued income | 490/1 | - | €691 | +€691 | |
| Total equity and liabilities | 10/49 | €489,562 | €959,461 | +€469,899 | +96.0% |
| Equity | 10/15 | €81,280 | €119,453 | +€38,173 | +47.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,680 | €100,853 | +€38,173 | +60.9% |
| Amounts payable | 17/49 | €408,282 | €840,008 | +€431,726 | +105.7% |
| Amounts payable after more than one year | 17 | €87,628 | €151,782 | +€64,154 | +73.2% |
| Financial debts | 170/4 | €87,628 | €151,782 | +€64,154 | +73.2% |
| Amounts payable within one year | 42/48 | €320,654 | €688,226 | +€367,572 | +114.6% |
| Current portion of amounts payable after more than one year | 42 | €16,953 | €38,735 | +€21,782 | +128.5% |
| Financial debts | 43 | - | €145,572 | +€145,572 | |
| Credit institutions | 430/8 | - | €145,572 | +€145,572 | |
| Trade debts | 44 | €152,029 | €338,242 | +€186,213 | +122.5% |
| Suppliers | 440/4 | €152,029 | €338,242 | +€186,213 | +122.5% |
| Taxes, remuneration and social security | 45 | €57,173 | €43,783 | -€13,390 | -23.4% |
| Taxes | 450/3 | €41,199 | €18,408 | -€22,792 | -55.3% |
| Remuneration and social security | 454/9 | €15,974 | €25,376 | +€9,402 | +58.9% |
| Other amounts payable | 47/48 | €94,499 | €121,894 | +€27,395 | +29.0% |
| Remuneration, social security and pensions | 62 | €37,529 | €38,599 | +€1,070 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,718 | €27,498 | +€8,780 | +46.9% |
| Other operating charges | 640/8 | €1,164 | €3,529 | +€2,365 | +203.3% |
| Gross operating margin | 9900 | €107,416 | €135,451 | +€28,034 | +26.1% |
| Operating profit (loss) | 9901 | €50,005 | €65,825 | +€15,819 | +31.6% |
| Financial income | 75/76B | €43 | €448 | +€406 | +950.4% |
| Recurring financial income | 75 | €43 | €448 | +€406 | +950.4% |
| Financial charges | 65/66B | €3,504 | €22,800 | +€19,296 | +550.7% |
| Recurring financial charges | 65 | €3,504 | €22,800 | +€19,296 | +550.7% |
| Profit (loss) for the period before taxes | 9903 | €46,544 | €43,473 | -€3,071 | -6.6% |
| Income taxes | 67/77 | €12,800 | €5,300 | -€7,501 | -58.6% |
| Profit (loss) for the period | 9904 | €33,744 | €38,173 | +€4,429 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,744 | €38,173 | +€4,429 | +13.1% |
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 8 October 2026 via checked.be.