MAXOTHEEK: 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.
MAXOTHEEK
Largest movements
- Cash -€40,767
down €40,767 (-21.1%), from €192,903 to €152,136
mainly Receivables within one year (-€37,694) and Investment in fixed assets (net) (-€23,197)
- Receivables within one year +€37,694
up €37,694 (+388%), from €9,707 to €47,401
of which Trade receivables: +€29,694
- Tangible fixed assets +€16,993
up €16,993 (+153%), from €11,077 to €28,071
of which Other tangible fixed assets: +€12,288
- Other debts +€17,396
up €17,396 (+48.8%), from €35,655 to €53,051
- Tax, wage and social debts -€9,079
down €9,079 (-41.9%), from €21,647 to €12,569
of which Taxes: -€9,079
- Write-downs -€16,400
no longer reported in 2025 (was €16,400)
- Gross operating margin -€13,750
down €13,750 (-29.4%), from €46,731 to €32,981
- Financial income +€2,999
up €2,999 (+1,064%), from €282 to €3,281
- Other operating charges -€877
down €877 (-40.6%), from €2,160 to €1,283
- Financial charges +€671
up €671 (+22.9%), from €2,930 to €3,600
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 | €281,560 | €294,919 | +€13,359 | +4.7% |
| Fixed assets | 21/28 | €11,514 | €28,094 | +€16,579 | +144% |
| Intangible fixed assets | 21 | €414 | - | -€414 | |
| Tangible fixed assets | 22/27 | €11,077 | €28,071 | +€16,993 | +153% |
| Plant, machinery and equipment | 23 | €2,251 | €1,137 | -€1,114 | -49.5% |
| Furniture and vehicles | 24 | €997 | €6,817 | +€5,820 | +583% |
| Other tangible fixed assets | 26 | €7,829 | €20,117 | +€12,288 | +157% |
| Financial fixed assets | 28 | €23 | €23 | = | 0.0% |
| Current assets | 29/58 | €270,046 | €266,826 | -€3,220 | -1.2% |
| Amounts receivable within one year | 40/41 | €9,707 | €47,401 | +€37,694 | +388% |
| Trade receivables | 40 | €9,707 | €39,401 | +€29,694 | +306% |
| Other amounts receivable | 41 | - | €8,000 | +€8,000 | |
| Current investments | 50/53 | €63,750 | €63,750 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €192,903 | €152,136 | -€40,767 | -21.1% |
| Deferred charges and accrued income | 490/1 | €3,686 | €3,538 | -€147 | -4.0% |
| Total equity and liabilities | 10/49 | €281,560 | €294,919 | +€13,359 | +4.7% |
| Equity | 10/15 | €206,993 | €208,689 | +€1,696 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €188,393 | €190,089 | +€1,696 | +0.9% |
| Non-distributable reserves | 130/1 | €1,107 | €1,107 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,107 | €1,107 | = | 0.0% |
| Distributable reserves | 133 | €187,286 | €188,982 | +€1,696 | +0.9% |
| Amounts payable | 17/49 | €74,567 | €86,230 | +€11,663 | +15.6% |
| Amounts payable within one year | 42/48 | €72,949 | €83,951 | +€11,002 | +15.1% |
| Trade debts | 44 | €15,647 | €18,126 | +€2,479 | +15.8% |
| Suppliers | 440/4 | €15,647 | €18,126 | +€2,479 | +15.8% |
| Advances received on contracts in progress | 46 | - | €206 | +€206 | |
| Taxes, remuneration and social security | 45 | €21,647 | €12,569 | -€9,079 | -41.9% |
| Taxes | 450/3 | €20,022 | €10,944 | -€9,079 | -45.3% |
| Remuneration and social security | 454/9 | €1,625 | €1,625 | = | 0.0% |
| Other amounts payable | 47/48 | €35,655 | €53,051 | +€17,396 | +48.8% |
| Accrued charges and deferred income | 492/3 | €1,618 | €2,279 | +€661 | +40.8% |
| Non-recurring operating income | 76A | €5,600 | - | -€5,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,344 | €6,617 | +€274 | +4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,400 | - | -€16,400 | |
| Other operating charges | 640/8 | €2,160 | €1,283 | -€877 | -40.6% |
| Gross operating margin | 9900 | €46,731 | €32,981 | -€13,750 | -29.4% |
| Operating profit (loss) | 9901 | €21,828 | €25,081 | +€3,253 | +14.9% |
| Financial income | 75/76B | €282 | €3,281 | +€2,999 | +1,064% |
| Recurring financial income | 75 | €282 | €3,281 | +€2,999 | +1,064% |
| Financial charges | 65/66B | €2,930 | €3,600 | +€671 | +22.9% |
| Recurring financial charges | 65 | €2,930 | €3,600 | +€671 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €19,180 | €24,762 | +€5,581 | +29.1% |
| Income taxes | 67/77 | €7,822 | €8,166 | +€344 | +4.4% |
| Profit (loss) for the period | 9904 | €11,358 | €16,596 | +€5,238 | +46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,358 | €16,596 | +€5,238 | +46.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.