MAXINI: what changed
MAXINI
Largest movements
- Receivables within one year +€10,493
up €10,493 (+7.1%), from €148,600 to €159,093
of which Trade receivables: +€10,493
- Cash +€6,845
up €6,845 (+244%), from €2,800 to €9,644
mainly Other debts (+€8,814) and Net result for the year (+€7,968)
- Deferred charges and accrued income +€1,815
up €1,815, from €0 to €1,815
- Other debts +€8,814
up €8,814 (+25.7%), from €34,234 to €43,048
- Profit (loss) carried forward +€7,968
up €7,968 (+37.6%), from -€21,183 to -€13,215
- Tax, wage and social debts +€1,865
up €1,865 (+13.3%), from €14,041 to €15,907
- Gross operating margin +€14,896
up €14,896, from -€3,350 to €11,546
- Staff costs +€1,066
up €1,066 (+1,394%), from €76 to €1,143
- Financial charges +€133
up €133 (+216%), from €62 to €195
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,400 | €170,552 | +€19,152 | +12.7% |
| Current assets | 29/58 | €151,400 | €170,552 | +€19,152 | +12.7% |
| Amounts receivable within one year | 40/41 | €148,600 | €159,093 | +€10,493 | +7.1% |
| Trade receivables | 40 | €146,709 | €157,202 | +€10,493 | +7.2% |
| Other amounts receivable | 41 | €1,891 | €1,891 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,800 | €9,644 | +€6,845 | +244% |
| Deferred charges and accrued income | 490/1 | €0 | €1,815 | +€1,815 | |
| Total equity and liabilities | 10/49 | €151,400 | €170,552 | +€19,152 | +12.7% |
| Equity | 10/15 | €95,525 | €103,493 | +€7,968 | +8.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €110,508 | €110,508 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €108,648 | €108,648 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,183 | -€13,215 | +€7,968 | +37.6% |
| Amounts payable | 17/49 | €55,875 | €67,059 | +€11,184 | +20.0% |
| Amounts payable within one year | 42/48 | €55,875 | €67,059 | +€11,184 | +20.0% |
| Trade debts | 44 | €7,600 | €8,104 | +€505 | +6.6% |
| Suppliers | 440/4 | €7,600 | €8,104 | +€505 | +6.6% |
| Taxes, remuneration and social security | 45 | €14,041 | €15,907 | +€1,865 | +13.3% |
| Taxes | 450/3 | €14,041 | €15,907 | +€1,865 | +13.3% |
| Other amounts payable | 47/48 | €34,234 | €43,048 | +€8,814 | +25.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €76 | €1,143 | +€1,066 | +1,394% |
| Other operating charges | 640/8 | €1,739 | €1,844 | +€105 | +6.1% |
| Gross operating margin | 9900 | -€3,350 | €11,546 | +€14,896 | |
| Operating profit (loss) | 9901 | -€5,165 | €8,560 | +€13,725 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €62 | €195 | +€133 | +216% |
| Recurring financial charges | 65 | €62 | €195 | +€133 | +216% |
| Profit (loss) for the period before taxes | 9903 | -€5,227 | €8,368 | +€13,595 | |
| Income taxes | 67/77 | €490 | €400 | -€90 | -18.3% |
| Profit (loss) for the period | 9904 | -€5,717 | €7,968 | +€13,685 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,717 | €7,968 | +€13,685 |
Next steps
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 2 November 2026 via checked.be.