MAXRE: 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.
MAXRE
Largest movements
- Cash -€13,166
down €13,166 (-99.8%), from €13,187 to €21
- Receivables within one year +€11,020
up €11,020 (+30.0%), from €36,696 to €47,716
- Profit (loss) carried forward -€2,146
down €2,146 (-16.9%), from -€12,703 to -€14,849
- Gross operating margin +€11,306
up €11,306 (+86.7%), from -€13,041 to -€1,735
- Financial charges +€343
up €343 (+505.1%), from €68 to €411
From the 2021 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,882 | €47,736 | -€2,146 | -4.3% |
| Current assets | 29/58 | €49,882 | €47,736 | -€2,146 | -4.3% |
| Amounts receivable within one year | 40/41 | €36,696 | €47,716 | +€11,020 | +30.0% |
| Other amounts receivable | 41 | €36,696 | €47,716 | +€11,020 | +30.0% |
| Cash at bank and in hand | 54/58 | €13,187 | €21 | -€13,166 | -99.8% |
| Total equity and liabilities | 10/49 | €49,882 | €47,736 | -€2,146 | -4.3% |
| Equity | 10/15 | €49,882 | €47,736 | -€2,146 | -4.3% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Outside capital | 11 | €62,500 | €62,500 | = | 0.0% |
| Other | 1109/19 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €86 | €86 | = | 0.0% |
| Non-distributable reserves | 130/1 | €86 | €86 | = | 0.0% |
| Reserves not available under the articles | 1311 | €86 | €86 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,703 | -€14,849 | -€2,146 | -16.9% |
| Gross operating margin | 9900 | -€13,041 | -€1,735 | +€11,306 | +86.7% |
| Operating profit (loss) | 9901 | -€13,041 | -€1,735 | +€11,306 | +86.7% |
| Financial charges | 65/66B | €68 | €411 | +€343 | +505.1% |
| Recurring financial charges | 65 | €68 | €411 | +€343 | +505.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,109 | -€2,146 | +€10,963 | +83.6% |
| Profit (loss) for the period | 9904 | -€13,109 | -€2,146 | +€10,963 | +83.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,109 | -€2,146 | +€10,963 | +83.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.