MAXOLINIC: 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.
MAXOLINIC
Largest movements
- Cash +€172,054
up €172,054 (+359%), from €47,956 to €220,010
mainly Net result for the year (+€481,176) and Current investments (+€63,667)
- Current investments -€63,667
down €63,667 (-5.3%), from €1.2m to €1.1m
- Tangible fixed assets -€15,733
down €15,733 (-21.1%), from €74,625 to €58,892
- Reserves +€87,675
up €87,675 (+6.6%), from €1.3m to €1.4m
- Tax, wage and social debts +€23,422
up €23,422 (+88.0%), from €26,610 to €50,032
- Gross operating margin +€186,502
up €186,502 (+49.7%), from €375,592 to €562,095
- Financial income +€110,819
up €110,819 (+698%), from €15,878 to €126,697
- Taxes +€69,675
up €69,675 (+58.1%), from €119,845 to €189,520
- Depreciation +€11,692
up €11,692 (+289%), from €4,041 to €15,733
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 | €1,373,884 | €1,482,093 | +€108,209 | +7.9% |
| Fixed assets | 21/28 | €74,625 | €58,892 | -€15,733 | -21.1% |
| Tangible fixed assets | 22/27 | €74,625 | €58,892 | -€15,733 | -21.1% |
| Furniture and vehicles | 24 | €74,625 | €58,892 | -€15,733 | -21.1% |
| Current assets | 29/58 | €1,299,259 | €1,423,201 | +€123,942 | +9.5% |
| Amounts receivable within one year | 40/41 | €45,558 | €53,433 | +€7,875 | +17.3% |
| Trade receivables | 40 | €39,718 | €39,080 | -€638 | -1.6% |
| Other amounts receivable | 41 | €5,840 | €14,353 | +€8,513 | +146% |
| Current investments | 50/53 | €1,193,722 | €1,130,055 | -€63,667 | -5.3% |
| Cash at bank and in hand | 54/58 | €47,956 | €220,010 | +€172,054 | +359% |
| Deferred charges and accrued income | 490/1 | €12,023 | €19,703 | +€7,680 | +63.9% |
| Total equity and liabilities | 10/49 | €1,373,884 | €1,482,093 | +€108,209 | +7.9% |
| Equity | 10/15 | €1,338,464 | €1,426,140 | +€87,675 | +6.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,332,264 | €1,419,940 | +€87,675 | +6.6% |
| Distributable reserves | 133 | €1,332,264 | €1,419,940 | +€87,675 | +6.6% |
| Amounts payable | 17/49 | €35,419 | €55,953 | +€20,534 | +58.0% |
| Amounts payable within one year | 42/48 | €34,750 | €55,953 | +€21,203 | +61.0% |
| Trade debts | 44 | €3,115 | €2,612 | -€503 | -16.1% |
| Suppliers | 440/4 | €3,115 | €2,612 | -€503 | -16.1% |
| Taxes, remuneration and social security | 45 | €26,610 | €50,032 | +€23,422 | +88.0% |
| Taxes | 450/3 | €26,610 | €50,032 | +€23,422 | +88.0% |
| Other amounts payable | 47/48 | €5,025 | €3,309 | -€1,716 | -34.1% |
| Accrued charges and deferred income | 492/3 | €669 | - | -€669 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,041 | €15,733 | +€11,692 | +289% |
| Other operating charges | 640/8 | €772 | €2,288 | +€1,516 | +196% |
| Gross operating margin | 9900 | €375,592 | €562,095 | +€186,502 | +49.7% |
| Operating profit (loss) | 9901 | €370,779 | €544,073 | +€173,295 | +46.7% |
| Financial income | 75/76B | €15,878 | €126,697 | +€110,819 | +698% |
| Recurring financial income | 75 | €15,878 | €126,697 | +€110,819 | +698% |
| Financial charges | 65/66B | €711 | €74 | -€637 | -89.6% |
| Recurring financial charges | 65 | €711 | €74 | -€637 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | €385,946 | €670,696 | +€284,750 | +73.8% |
| Income taxes | 67/77 | €119,845 | €189,520 | +€69,675 | +58.1% |
| Profit (loss) for the period | 9904 | €266,101 | €481,176 | +€215,075 | +80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €266,101 | €481,176 | +€215,075 | +80.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.