Maxon International: 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.
What changed
Maxon International
NACE 28.210, Manufacture of machinery and equipment not elsewhere classified
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €1.7m-€358,207
Equity
€36.6m
2024 · €35.3m+€1.3m
Cash
-
not filed
Balance sheet total
€48.4m
2024 · €45.7m+€2.7m
Largest movements
Assets
- Receivables within one year +€2.1m
up €2.1m (+4.6%), from €45.1m to €47.2m
of which Other amounts receivable: +€1.8m
- Tangible fixed assets +€558,406
up €558,406 (+100%), from €556,130 to €1.1m
of which Plant, machinery and equipment: +€376,486
Equity and liabilities
- Reserves +€1.3m
up €1.3m (+4.0%), from €32.7m to €34.0m
of which Distributable reserves: +€1.3m
- Trade debts +€1.1m
up €1.1m (+13.9%), from €7.8m to €8.9m
- Accrued charges and deferred income +€863,285
up €863,285 (+257%), from €336,456 to €1.2m
- Tax, wage and social debts -€541,108
down €541,108 (-23.8%), from €2.3m to €1.7m
of which Taxes: -€322,093
Income statement
- Turnover -€2.4m
down €2.4m (-9.7%), from €25.0m to €22.6m
- Goods and materials -€1.6m
down €1.6m (-20.0%), from €8.2m to €6.6m
of which Purchases: -€1.6m
- Staff costs -€567,511
down €567,511 (-5.2%), from €10.9m to €10.3m
- Financial income -€400,004
down €400,004 (-31.9%), from €1.3m to €854,140
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.
Result 2024
€1.7m
Turnover
-€2.4m
Other operating income
+€59,088
Goods and materials
+€1.6m
Services and other goods
+€31,428
Staff costs
+€567,511
Depreciation
-€14,880
Write-downs
-€24,558
Provisions
-€34,525
Other operating charges
+€42,340
Other operating items
+€4,567
Financial income
-€400,004
Financial charges
+€48,559
Taxes
+€142,556
Result 2025
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,737,287 | €48,442,912 | +€2.7m | +5.9% |
| Fixed assets | 21/28 | €556,130 | €1,114,536 | +€558,406 | +100% |
| Tangible fixed assets | 22/27 | €556,130 | €1,114,536 | +€558,406 | +100% |
| Land and buildings | 22 | €394,323 | €601,520 | +€207,197 | +52.5% |
| Plant, machinery and equipment | 23 | €69,775 | €446,261 | +€376,486 | +540% |
| Furniture and vehicles | 24 | €393 | €116 | -€277 | -70.6% |
| Assets under construction and advance payments | 27 | €91,639 | €66,639 | -€25,000 | -27.3% |
| Current assets | 29/58 | €45,181,157 | €47,328,376 | +€2.1m | +4.8% |
| Stocks and contracts in progress | 3 | €11,471 | €17,850 | +€6,379 | +55.6% |
| Stocks | 30/36 | €179 | - | -€179 | |
| Raw materials and consumables | 30/31 | €179 | - | -€179 | |
| Contracts in progress | 37 | €11,292 | €17,850 | +€6,558 | +58.1% |
| Amounts receivable within one year | 40/41 | €45,131,713 | €47,203,195 | +€2.1m | +4.6% |
| Trade receivables | 40 | €2,930,825 | €3,186,122 | +€255,297 | +8.7% |
| Other amounts receivable | 41 | €42,200,888 | €44,017,073 | +€1.8m | +4.3% |
| Deferred charges and accrued income | 490/1 | €37,972 | €107,331 | +€69,358 | +183% |
| Total equity and liabilities | 10/49 | €45,737,287 | €48,442,912 | +€2.7m | +5.9% |
| Equity | 10/15 | €35,275,502 | €36,575,497 | +€1.3m | +3.7% |
| Contributions | 10/11 | €2,582,415 | €2,582,415 | = | 0.0% |
| Reserves | 13 | €32,693,087 | €33,993,082 | +€1.3m | +4.0% |
| Tax-exempt reserves | 132 | €73,376 | €73,376 | = | 0.0% |
| Distributable reserves | 133 | €32,619,711 | €33,919,706 | +€1.3m | +4.0% |
| Provisions and deferred taxes | 16 | €4,208 | €4,208 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,208 | €4,208 | = | 0.0% |
| Pensions and similar obligations | 160 | €4,208 | €4,208 | = | 0.0% |
| Amounts payable | 17/49 | €10,457,577 | €11,863,207 | +€1.4m | +13.4% |
| Amounts payable within one year | 42/48 | €10,121,121 | €10,663,467 | +€542,345 | +5.4% |
| Trade debts | 44 | €7,839,441 | €8,928,598 | +€1.1m | +13.9% |
| Suppliers | 440/4 | €7,839,441 | €8,928,598 | +€1.1m | +13.9% |
| Advances received on contracts in progress | 46 | €5,704 | - | -€5,704 | |
| Taxes, remuneration and social security | 45 | €2,275,977 | €1,734,868 | -€541,108 | -23.8% |
| Taxes | 450/3 | €594,063 | €271,969 | -€322,093 | -54.2% |
| Remuneration and social security | 454/9 | €1,681,914 | €1,462,899 | -€219,015 | -13.0% |
| Accrued charges and deferred income | 492/3 | €336,456 | €1,199,740 | +€863,285 | +257% |
| Operating income | 70/76A | €25,593,064 | €23,233,162 | -€2.4m | -9.2% |
| Turnover | 70 | €25,023,866 | €22,600,310 | -€2.4m | -9.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€4,567 | - | +€4,567 | |
| Other operating income | 74 | €573,764 | €632,852 | +€59,088 | +10.3% |
| Operating charges | 60/66A | €24,478,174 | €22,267,591 | -€2.2m | -9.0% |
| Goods for resale, raw materials and consumables | 60 | €8,196,933 | €6,553,667 | -€1.6m | -20.0% |
| Purchases | 600/8 | €8,186,732 | €6,553,488 | -€1.6m | -19.9% |
| Change in stocks: decrease (increase) | 609 | €10,201 | €179 | -€10,022 | -98.2% |
| Services and other goods | 61 | €5,269,490 | €5,238,061 | -€31,428 | -0.6% |
| Remuneration, social security and pensions | 62 | €10,866,209 | €10,298,697 | -€567,511 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,054 | €33,934 | +€14,880 | +78.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€31,116 | -€6,558 | +€24,558 | +78.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€34,525 | - | +€34,525 | |
| Other operating charges | 640/8 | €192,130 | €149,790 | -€42,340 | -22.0% |
| Operating profit (loss) | 9901 | €1,114,890 | €965,571 | -€149,319 | -13.4% |
| Financial income | 75/76B | €1,254,144 | €854,140 | -€400,004 | -31.9% |
| Recurring financial income | 75 | €1,254,144 | €854,140 | -€400,004 | -31.9% |
| Income from current assets | 751 | €1,247,787 | €812,952 | -€434,836 | -34.8% |
| Other financial income | 752/9 | €6,357 | €41,189 | +€34,832 | +548% |
| Financial charges | 65/66B | €55,957 | €7,398 | -€48,559 | -86.8% |
| Recurring financial charges | 65 | €55,957 | €7,398 | -€48,559 | -86.8% |
| Other financial charges | 652/9 | €55,957 | €7,398 | -€48,559 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | €2,313,077 | €1,812,313 | -€500,763 | -21.6% |
| Income taxes | 67/77 | €654,875 | €512,319 | -€142,556 | -21.8% |
| Taxes | 670/3 | €654,875 | €512,319 | -€142,556 | -21.8% |
| Profit (loss) for the period | 9904 | €1,658,202 | €1,299,995 | -€358,207 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,658,202 | €1,299,995 | -€358,207 | -21.6% |
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 30 October 2026 via checked.be.