MAXMAT: 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.
MAXMAT
Largest movements
- Cash -€18,083
down €18,083 (-81.7%), from €22,138 to €4,055
mainly Trade debts (-€6,517) and Receivables within one year (-€5,266)
- Receivables within one year +€5,266
up €5,266 (+23.9%), from €21,997 to €27,264
of which Trade receivables: +€4,554
- Stocks and contracts +€3,779
up €3,779 (+56.5%), from €6,692 to €10,471
- Tangible fixed assets -€1,744
down €1,744 (-15.7%), from €11,089 to €9,345
of which Land and buildings: -€950
- Deferred charges and accrued income +€1,262
up €1,262 (+747.6%), from €169 to €1,430
- Trade debts -€6,517
down €6,517 (-50.3%), from €12,947 to €6,430
- Short-term financial debts -€3,379
no longer reported in 2024 (was €3,379)
- Tax, wage and social debts +€2,607
up €2,607 (+34.9%), from €7,466 to €10,073
- Profit (loss) carried forward -€2,231
new in 2024: -€2,231
- Gross operating margin -€21,300
down €21,300 (-84.0%), from €25,367 to €4,067
- Taxes -€6,227
down €6,227 (-76.1%), from €8,179 to €1,953
- Other operating charges +€1,259
up €1,259 (+149.9%), from €840 to €2,099
- Write-downs +€390
no longer reported in 2024 (was -€390)
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 | €62,085 | €52,565 | -€9,520 | -15.3% |
| Fixed assets | 21/28 | €11,089 | €9,345 | -€1,744 | -15.7% |
| Tangible fixed assets | 22/27 | €11,089 | €9,345 | -€1,744 | -15.7% |
| Land and buildings | 22 | €7,974 | €7,024 | -€950 | -11.9% |
| Plant, machinery and equipment | 23 | €3,114 | €2,320 | -€794 | -25.5% |
| Current assets | 29/58 | €50,996 | €43,220 | -€7,776 | -15.2% |
| Stocks and contracts in progress | 3 | €6,692 | €10,471 | +€3,779 | +56.5% |
| Stocks | 30/36 | €6,692 | €10,471 | +€3,779 | +56.5% |
| Amounts receivable within one year | 40/41 | €21,997 | €27,264 | +€5,266 | +23.9% |
| Trade receivables | 40 | €6,836 | €11,390 | +€4,554 | +66.6% |
| Other amounts receivable | 41 | €15,161 | €15,874 | +€712 | +4.7% |
| Cash at bank and in hand | 54/58 | €22,138 | €4,055 | -€18,083 | -81.7% |
| Deferred charges and accrued income | 490/1 | €169 | €1,430 | +€1,262 | +747.6% |
| Total equity and liabilities | 10/49 | €62,085 | €52,565 | -€9,520 | -15.3% |
| Equity | 10/15 | €38,293 | €36,062 | -€2,231 | -5.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €33,293 | €33,293 | = | 0.0% |
| Distributable reserves | 133 | €33,293 | €33,293 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,231 | -€2,231 | |
| Amounts payable | 17/49 | €23,792 | €16,503 | -€7,289 | -30.6% |
| Amounts payable within one year | 42/48 | €23,792 | €16,503 | -€7,289 | -30.6% |
| Financial debts | 43 | €3,379 | - | -€3,379 | |
| Credit institutions | 430/8 | €3,379 | - | -€3,379 | |
| Trade debts | 44 | €12,947 | €6,430 | -€6,517 | -50.3% |
| Suppliers | 440/4 | €12,947 | €6,430 | -€6,517 | -50.3% |
| Taxes, remuneration and social security | 45 | €7,466 | €10,073 | +€2,607 | +34.9% |
| Taxes | 450/3 | €7,466 | €10,073 | +€2,607 | +34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,611 | €1,744 | +€134 | +8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€390 | - | +€390 | |
| Other operating charges | 640/8 | €840 | €2,099 | +€1,259 | +149.9% |
| Gross operating margin | 9900 | €25,367 | €4,067 | -€21,300 | -84.0% |
| Operating profit (loss) | 9901 | €23,307 | €224 | -€23,082 | -99.0% |
| Financial income | 75/76B | €76 | €216 | +€141 | +185.1% |
| Recurring financial income | 75 | €76 | €216 | +€141 | +185.1% |
| Financial charges | 65/66B | €490 | €719 | +€229 | +46.8% |
| Recurring financial charges | 65 | €490 | €719 | +€229 | +46.8% |
| Profit (loss) for the period before taxes | 9903 | €22,893 | -€278 | -€23,171 | |
| Income taxes | 67/77 | €8,179 | €1,953 | -€6,227 | -76.1% |
| Profit (loss) for the period | 9904 | €14,713 | -€2,231 | -€16,944 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,713 | -€2,231 | -€16,944 |
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 3 October 2026 via checked.be.