MAXSEG CONSULT: 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.
MAXSEG CONSULT
Largest movements
- Tangible fixed assets +€201,193
up €201,193 (+44.8%), from €448,619 to €649,812
of which Land and buildings: +€200,041
- Debts after one year +€70,288
up €70,288 (+23.0%), from €305,809 to €376,096
- Tax, wage and social debts +€51,134
up €51,134 (+140.6%), from €36,372 to €87,507
- Reserves +€50,692
up €50,692 (+95.0%), from €53,332 to €104,024
- Current portion of long-term debt +€19,254
up €19,254 (+177.7%), from €10,833 to €30,088
- Other debts -€13,407
down €13,407 (-26.5%), from €50,683 to €37,276
- Financial charges +€28,672
up €28,672 (+468.3%), from €6,122 to €34,795
- Gross operating margin -€11,370
down €11,370 (-11.5%), from €98,792 to €87,422
- Write-downs -€4,375
no longer reported in 2024 (was €4,375)
- Depreciation -€2,210
down €2,210 (-7.2%), from €30,666 to €28,457
- Taxes +€1,487
up €1,487 (+37.7%), from €3,941 to €5,428
From the 2022 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 financial 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 | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €459,029 | €657,626 | +€198,597 | +43.3% |
| Fixed assets | 21/28 | €448,619 | €649,812 | +€201,193 | +44.8% |
| Tangible fixed assets | 22/27 | €448,619 | €649,812 | +€201,193 | +44.8% |
| Land and buildings | 22 | €447,197 | €647,237 | +€200,041 | +44.7% |
| Furniture and vehicles | 24 | €1,422 | €2,575 | +€1,153 | +81.0% |
| Current assets | 29/58 | €10,410 | €7,814 | -€2,597 | -24.9% |
| Amounts receivable within one year | 40/41 | €1,474 | €4,258 | +€2,784 | +188.9% |
| Trade receivables | 40 | €1,474 | €4,258 | +€2,784 | +188.9% |
| Cash at bank and in hand | 54/58 | €8,003 | €2,492 | -€5,512 | -68.9% |
| Deferred charges and accrued income | 490/1 | €933 | €1,064 | +€131 | +14.0% |
| Total equity and liabilities | 10/49 | €459,029 | €657,626 | +€198,597 | +43.3% |
| Equity | 10/15 | €55,332 | €106,024 | +€50,692 | +91.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €53,332 | €104,024 | +€50,692 | +95.0% |
| Distributable reserves | 133 | €53,332 | €104,024 | +€50,692 | +95.0% |
| Amounts payable | 17/49 | €403,697 | €551,602 | +€147,905 | +36.6% |
| Amounts payable after more than one year | 17 | €305,809 | €376,096 | +€70,288 | +23.0% |
| Financial debts | 170/4 | €305,809 | €376,096 | +€70,288 | +23.0% |
| Amounts payable within one year | 42/48 | €97,889 | €175,506 | +€77,617 | +79.3% |
| Current portion of amounts payable after more than one year | 42 | €10,833 | €30,088 | +€19,254 | +177.7% |
| Trade debts | 44 | - | €8,536 | +€8,536 | |
| Suppliers | 440/4 | - | €8,536 | +€8,536 | |
| Advances received on contracts in progress | 46 | - | €12,100 | +€12,100 | |
| Taxes, remuneration and social security | 45 | €36,372 | €87,507 | +€51,134 | +140.6% |
| Taxes | 450/3 | €36,372 | €87,507 | +€51,134 | +140.6% |
| Other amounts payable | 47/48 | €50,683 | €37,276 | -€13,407 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,666 | €28,457 | -€2,210 | -7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,375 | - | -€4,375 | |
| Other operating charges | 640/8 | €355 | €1,017 | +€663 | +186.7% |
| Gross operating margin | 9900 | €98,792 | €87,422 | -€11,370 | -11.5% |
| Operating profit (loss) | 9901 | €63,396 | €57,947 | -€5,448 | -8.6% |
| Financial charges | 65/66B | €6,122 | €34,795 | +€28,672 | +468.3% |
| Recurring financial charges | 65 | €6,122 | €34,795 | +€28,672 | +468.3% |
| Profit (loss) for the period before taxes | 9903 | €57,273 | €23,153 | -€34,120 | -59.6% |
| Income taxes | 67/77 | €3,941 | €5,428 | +€1,487 | +37.7% |
| Profit (loss) for the period | 9904 | €53,332 | €17,725 | -€35,607 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,332 | €17,725 | -€35,607 | -66.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.