Maxtra: 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.
Maxtra
Largest movements
- Cash +€33,499
up €33,499 (+186%), from €17,994 to €51,493
mainly Depreciation (+€33,073) and Net result for the year (+€18,523)
- Tangible fixed assets -€27,811
down €27,811 (-23.4%), from €119,040 to €91,229
of which Leasing and similar rights: -€26,315
- Receivables within one year -€9,036
down €9,036 (-35.8%), from €25,214 to €16,178
of which Other amounts receivable: -€4,741
- Debts after one year -€24,778
down €24,778 (-38.4%), from €64,444 to €39,666
- Reserves +€18,523
up €18,523 (+44.8%), from €41,315 to €59,838
- Tax, wage and social debts +€4,579
up €4,579 (+21.0%), from €21,772 to €26,351
of which Taxes: +€2,729
- Current portion of long-term debt -€3,035
down €3,035 (-10.9%), from €27,812 to €24,778
- Trade debts +€2,168
up €2,168 (+64.1%), from €3,384 to €5,553
- Gross operating margin +€65,156
up €65,156 (+56.2%), from €115,934 to €181,090
- Staff costs +€47,649
up €47,649 (+78.7%), from €60,531 to €108,181
- Taxes +€3,261
up €3,261 (+122%), from €2,674 to €5,935
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 | €163,734 | €160,185 | -€3,548 | -2.2% |
| Fixed assets | 21/28 | €119,040 | €91,229 | -€27,811 | -23.4% |
| Tangible fixed assets | 22/27 | €119,040 | €91,229 | -€27,811 | -23.4% |
| Land and buildings | 22 | €8,813 | €7,775 | -€1,037 | -11.8% |
| Furniture and vehicles | 24 | €22,616 | €22,157 | -€459 | -2.0% |
| Leasing and similar rights | 25 | €87,612 | €61,297 | -€26,315 | -30.0% |
| Current assets | 29/58 | €44,693 | €68,956 | +€24,263 | +54.3% |
| Amounts receivable within one year | 40/41 | €25,214 | €16,178 | -€9,036 | -35.8% |
| Trade receivables | 40 | €20,388 | €16,093 | -€4,295 | -21.1% |
| Other amounts receivable | 41 | €4,826 | €85 | -€4,741 | -98.2% |
| Cash at bank and in hand | 54/58 | €17,994 | €51,493 | +€33,499 | +186% |
| Deferred charges and accrued income | 490/1 | €1,485 | €1,286 | -€200 | -13.4% |
| Total equity and liabilities | 10/49 | €163,734 | €160,185 | -€3,548 | -2.2% |
| Equity | 10/15 | €45,315 | €63,838 | +€18,523 | +40.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €41,315 | €59,838 | +€18,523 | +44.8% |
| Distributable reserves | 133 | €41,315 | €59,838 | +€18,523 | +44.8% |
| Amounts payable | 17/49 | €118,419 | €96,347 | -€22,072 | -18.6% |
| Amounts payable after more than one year | 17 | €64,444 | €39,666 | -€24,778 | -38.4% |
| Financial debts | 170/4 | €64,444 | €39,666 | -€24,778 | -38.4% |
| Amounts payable within one year | 42/48 | €53,687 | €56,681 | +€2,994 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €27,812 | €24,778 | -€3,035 | -10.9% |
| Trade debts | 44 | €3,384 | €5,553 | +€2,168 | +64.1% |
| Suppliers | 440/4 | €3,384 | €5,553 | +€2,168 | +64.1% |
| Taxes, remuneration and social security | 45 | €21,772 | €26,351 | +€4,579 | +21.0% |
| Taxes | 450/3 | €15,364 | €18,094 | +€2,729 | +17.8% |
| Remuneration and social security | 454/9 | €6,407 | €8,257 | +€1,850 | +28.9% |
| Other amounts payable | 47/48 | €719 | - | -€719 | |
| Accrued charges and deferred income | 492/3 | €288 | - | -€288 | |
| Non-recurring operating income | 76A | - | €307 | +€307 | |
| Remuneration, social security and pensions | 62 | €60,531 | €108,181 | +€47,649 | +78.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,848 | €33,073 | +€225 | +0.7% |
| Other operating charges | 640/8 | €625 | €1,464 | +€839 | +134% |
| Non-recurring operating charges | 66A | €1,730 | €3,662 | +€1,932 | +112% |
| Gross operating margin | 9900 | €115,934 | €181,090 | +€65,156 | +56.2% |
| Operating profit (loss) | 9901 | €20,199 | €34,711 | +€14,512 | +71.8% |
| Financial charges | 65/66B | €10,499 | €10,253 | -€247 | -2.3% |
| Recurring financial charges | 65 | €10,499 | €10,253 | -€247 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €9,700 | €24,458 | +€14,758 | +152% |
| Income taxes | 67/77 | €2,674 | €5,935 | +€3,261 | +122% |
| Profit (loss) for the period | 9904 | €7,026 | €18,523 | +€11,497 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €7,026 | €18,523 | +€11,497 | +164% |
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 13 October 2026 via checked.be.