MAXKORP: 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.
MAXKORP
Largest movements
- Deferred charges and accrued income +€18,000
new in 2025: €18,000
- Receivables within one year -€11,051
down €11,051 (-9.4%), from €117,020 to €105,969
of which Trade receivables: -€38,300
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€30,908
down €30,908 (-71.9%), from €43,006 to €12,098
- Financial charges -€25,026
down €25,026 (-99.8%), from €25,085 to €59
- Taxes +€3,846
up €3,846 (+114.6%), from €3,357 to €7,203
- Financial income +€787
up €787 (+2712.4%), from €29 to €816
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.
Cash bridge derived
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 | €745,561 | €752,596 | +€7,034 | +0.9% |
| Current assets | 29/58 | €745,561 | €752,596 | +€7,034 | +0.9% |
| Amounts receivable within one year | 40/41 | €117,020 | €105,969 | -€11,051 | -9.4% |
| Trade receivables | 40 | €115,530 | €77,230 | -€38,300 | -33.2% |
| Other amounts receivable | 41 | €1,490 | €28,739 | +€27,249 | +1828.5% |
| Current investments | 50/53 | €625,000 | €625,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,541 | €3,627 | +€86 | +2.4% |
| Deferred charges and accrued income | 490/1 | - | €18,000 | +€18,000 | |
| Total equity and liabilities | 10/49 | €745,561 | €752,596 | +€7,034 | +0.9% |
| Equity | 10/15 | €58,943 | €64,450 | +€5,507 | +9.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €52,943 | €58,450 | +€5,507 | +10.4% |
| Distributable reserves | 133 | €52,943 | €58,450 | +€5,507 | +10.4% |
| Amounts payable | 17/49 | €686,618 | €688,145 | +€1,527 | +0.2% |
| Amounts payable within one year | 42/48 | €636,618 | €638,145 | +€1,527 | +0.2% |
| Trade debts | 44 | €441 | €17 | -€424 | -96.1% |
| Suppliers | 440/4 | €441 | €17 | -€424 | -96.1% |
| Taxes, remuneration and social security | 45 | €6,594 | €7,455 | +€861 | +13.1% |
| Taxes | 450/3 | €6,594 | €7,455 | +€861 | +13.1% |
| Other amounts payable | 47/48 | €629,584 | €630,673 | +€1,089 | +0.2% |
| Accrued charges and deferred income | 492/3 | €50,000 | €50,000 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €144 | -€243 | -62.8% |
| Gross operating margin | 9900 | €43,006 | €12,098 | -€30,908 | -71.9% |
| Operating profit (loss) | 9901 | €42,619 | €11,954 | -€30,665 | -72.0% |
| Financial income | 75/76B | €29 | €816 | +€787 | +2712.4% |
| Recurring financial income | 75 | €29 | €816 | +€787 | +2712.4% |
| Financial charges | 65/66B | €25,085 | €59 | -€25,026 | -99.8% |
| Recurring financial charges | 65 | €25,085 | €59 | -€25,026 | -99.8% |
| Profit (loss) for the period before taxes | 9903 | €17,563 | €12,711 | -€4,852 | -27.6% |
| Income taxes | 67/77 | €3,357 | €7,203 | +€3,846 | +114.6% |
| Profit (loss) for the period | 9904 | €14,206 | €5,507 | -€8,698 | -61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,206 | €5,507 | -€8,698 | -61.2% |
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 12 October 2026 via checked.be.