Maxmar: 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.
Maxmar
Largest movements
- Receivables within one year -€65,400
down €65,400 (-98.5%), from €66,409 to €1,009
of which Trade receivables: -€66,409
- Cash +€33,436
up €33,436 (+77.5%), from €43,142 to €76,578
mainly Net result for the year (+€69,341) and Receivables within one year (+€65,400)
- Tangible fixed assets +€8,458
up €8,458 (+108%), from €7,836 to €16,294
of which Other tangible fixed assets: +€4,334
- Deferred charges and accrued income +€1,245
up €1,245, from €0 to €1,245
- Other debts -€17,518
down €17,518 (-20.6%), from €85,018 to €67,500
- Tax, wage and social debts -€8,693
down €8,693 (-53.2%), from €16,343 to €7,650
of which Taxes: -€8,693
- Trade debts +€2,108
up €2,108 (+318%), from €663 to €2,772
- Reserves +€1,841
up €1,841 (+12.8%), from €14,363 to €16,204
- Gross operating margin -€36,650
down €36,650 (-28.1%), from €130,507 to €93,857
- Taxes -€10,756
down €10,756 (-35.8%), from €30,070 to €19,314
- Depreciation +€2,122
up €2,122 (+120%), from €1,765 to €3,886
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 | €117,388 | €95,126 | -€22,262 | -19.0% |
| Fixed assets | 21/28 | €7,836 | €16,294 | +€8,458 | +108% |
| Tangible fixed assets | 22/27 | €7,836 | €16,294 | +€8,458 | +108% |
| Land and buildings | 22 | €6,481 | €5,146 | -€1,336 | -20.6% |
| Plant, machinery and equipment | 23 | - | €1,596 | +€1,596 | |
| Furniture and vehicles | 24 | €1,355 | €5,219 | +€3,864 | +285% |
| Other tangible fixed assets | 26 | - | €4,334 | +€4,334 | |
| Current assets | 29/58 | €109,552 | €78,832 | -€30,720 | -28.0% |
| Amounts receivable within one year | 40/41 | €66,409 | €1,009 | -€65,400 | -98.5% |
| Trade receivables | 40 | €66,409 | €0 | -€66,409 | -100% |
| Other amounts receivable | 41 | - | €1,009 | +€1,009 | |
| Cash at bank and in hand | 54/58 | €43,142 | €76,578 | +€33,436 | +77.5% |
| Deferred charges and accrued income | 490/1 | €0 | €1,245 | +€1,245 | |
| Total equity and liabilities | 10/49 | €117,388 | €95,126 | -€22,262 | -19.0% |
| Equity | 10/15 | €15,363 | €17,204 | +€1,841 | +12.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €14,363 | €16,204 | +€1,841 | +12.8% |
| Distributable reserves | 133 | €14,363 | €16,204 | +€1,841 | +12.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €102,025 | €77,922 | -€24,103 | -23.6% |
| Amounts payable within one year | 42/48 | €102,025 | €77,922 | -€24,103 | -23.6% |
| Trade debts | 44 | €663 | €2,772 | +€2,108 | +318% |
| Suppliers | 440/4 | €663 | €2,772 | +€2,108 | +318% |
| Taxes, remuneration and social security | 45 | €16,343 | €7,650 | -€8,693 | -53.2% |
| Taxes | 450/3 | €13,718 | €5,025 | -€8,693 | -63.4% |
| Remuneration and social security | 454/9 | €2,625 | €2,625 | = | 0.0% |
| Other amounts payable | 47/48 | €85,018 | €67,500 | -€17,518 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,765 | €3,886 | +€2,122 | +120% |
| Other operating charges | 640/8 | €680 | €1,190 | +€510 | +75.1% |
| Gross operating margin | 9900 | €130,507 | €93,857 | -€36,650 | -28.1% |
| Operating profit (loss) | 9901 | €128,063 | €88,781 | -€39,282 | -30.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €261 | €126 | -€135 | -51.7% |
| Recurring financial charges | 65 | €261 | €126 | -€135 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | €127,803 | €88,655 | -€39,148 | -30.6% |
| Income taxes | 67/77 | €30,070 | €19,314 | -€10,756 | -35.8% |
| Profit (loss) for the period | 9904 | €97,733 | €69,341 | -€28,392 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €97,733 | €69,341 | -€28,392 | -29.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.