MaxMara: 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.
MaxMara
Largest movements
- Intangible fixed assets -€12,500
down €12,500 (-17.4%), from €71,849 to €59,349
- Stocks and contracts +€7,137
up €7,137 (+182%), from €3,922 to €11,059
- Deferred charges and accrued income +€2,177
up €2,177 (+145%), from €1,502 to €3,679
- Tangible fixed assets -€1,420
down €1,420 (-6.3%), from €22,575 to €21,155
of which Plant, machinery and equipment: -€785
- Debts after one year -€31,793
down €31,793 (-36.6%), from €86,911 to €55,118
- Profit (loss) carried forward +€18,041
up €18,041 (+15.9%), from -€113,377 to -€95,336
- Other debts -€11,050
down €11,050 (-18.1%), from €61,163 to €50,113
- Tax, wage and social debts +€10,344
up €10,344 (+69.9%), from €14,801 to €25,145
of which Remuneration and social security: +€5,317
- Advances received +€6,014
up €6,014 (+900%), from €668 to €6,682
- Gross operating margin +€47,234
up €47,234 (+29.2%), from €161,882 to €209,116
- Staff costs +€28,896
up €28,896 (+21.5%), from €134,322 to €163,218
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.
Derived cash bridge
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 | €120,602 | €115,530 | -€5,072 | -4.2% |
| Fixed assets | 21/28 | €94,924 | €81,004 | -€13,920 | -14.7% |
| Intangible fixed assets | 21 | €71,849 | €59,349 | -€12,500 | -17.4% |
| Tangible fixed assets | 22/27 | €22,575 | €21,155 | -€1,420 | -6.3% |
| Plant, machinery and equipment | 23 | €3,598 | €2,813 | -€785 | -21.8% |
| Furniture and vehicles | 24 | €18,977 | €18,342 | -€635 | -3.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €25,678 | €34,526 | +€8,848 | +34.5% |
| Stocks and contracts in progress | 3 | €3,922 | €11,059 | +€7,137 | +182% |
| Stocks | 30/36 | €3,922 | €11,059 | +€7,137 | +182% |
| Amounts receivable within one year | 40/41 | €1,476 | €624 | -€852 | -57.7% |
| Trade receivables | 40 | €1,124 | €438 | -€686 | -61.0% |
| Other amounts receivable | 41 | €352 | €186 | -€166 | -47.0% |
| Cash at bank and in hand | 54/58 | €18,779 | €19,164 | +€386 | +2.1% |
| Deferred charges and accrued income | 490/1 | €1,502 | €3,679 | +€2,177 | +145% |
| Total equity and liabilities | 10/49 | €120,602 | €115,530 | -€5,072 | -4.2% |
| Equity | 10/15 | -€93,377 | -€75,336 | +€18,041 | +19.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,377 | -€95,336 | +€18,041 | +15.9% |
| Amounts payable | 17/49 | €213,979 | €190,866 | -€23,113 | -10.8% |
| Amounts payable after more than one year | 17 | €86,911 | €55,118 | -€31,793 | -36.6% |
| Financial debts | 170/4 | €86,911 | €55,118 | -€31,793 | -36.6% |
| Amounts payable within one year | 42/48 | €125,007 | €133,686 | +€8,679 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €37,014 | €39,543 | +€2,529 | +6.8% |
| Trade debts | 44 | €11,362 | €12,203 | +€842 | +7.4% |
| Suppliers | 440/4 | €11,362 | €12,203 | +€842 | +7.4% |
| Advances received on contracts in progress | 46 | €668 | €6,682 | +€6,014 | +900% |
| Taxes, remuneration and social security | 45 | €14,801 | €25,145 | +€10,344 | +69.9% |
| Taxes | 450/3 | €4,984 | €10,011 | +€5,027 | +101% |
| Remuneration and social security | 454/9 | €9,817 | €15,134 | +€5,317 | +54.2% |
| Other amounts payable | 47/48 | €61,163 | €50,113 | -€11,050 | -18.1% |
| Accrued charges and deferred income | 492/3 | €2,062 | €2,062 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €134,322 | €163,218 | +€28,896 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,193 | €21,030 | -€1,163 | -5.2% |
| Other operating charges | 640/8 | €409 | €150 | -€259 | -63.3% |
| Gross operating margin | 9900 | €161,882 | €209,116 | +€47,234 | +29.2% |
| Operating profit (loss) | 9901 | €4,958 | €24,719 | +€19,761 | +399% |
| Financial income | 75/76B | €1,882 | €222 | -€1,661 | -88.2% |
| Recurring financial income | 75 | €1,882 | €222 | -€1,661 | -88.2% |
| Financial charges | 65/66B | €5,675 | €6,849 | +€1,173 | +20.7% |
| Recurring financial charges | 65 | €5,675 | €6,849 | +€1,173 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €1,165 | €18,092 | +€16,927 | +1,452% |
| Income taxes | 67/77 | €66 | €51 | -€14 | -21.8% |
| Profit (loss) for the period | 9904 | €1,100 | €18,041 | +€16,941 | +1,540% |
| Profit (loss) for the period to be appropriated | 9905 | €1,100 | €18,041 | +€16,941 | +1,540% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.