MAXX ACTIVITIES: 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.
MAXX ACTIVITIES
Largest movements
- Receivables within one year +€39,445
up €39,445 (+87.4%), from €45,139 to €84,583
of which Other amounts receivable: +€39,059
- Tangible fixed assets -€3,507
down €3,507 (-9.8%), from €35,662 to €32,155
of which Furniture and vehicles: -€10,091
- Other debts +€48,147
up €48,147 (+151%), from €31,853 to €80,000
- Debts after one year -€20,345
down €20,345 (-26.6%), from €76,468 to €56,123
- Reserves +€6,951
up €6,951 (+7.5%), from €92,821 to €99,772
- Tax, wage and social debts +€4,657
up €4,657 (+18.1%), from €25,754 to €30,411
- Trade debts -€3,351
down €3,351 (-50.7%), from €6,612 to €3,261
- Gross operating margin +€17,754
up €17,754 (+26.0%), from €68,182 to €85,937
- Taxes -€9,322
down €9,322 (-51.9%), from €17,967 to €8,645
- Financial charges +€3,552
up €3,552 (+73.6%), from €4,824 to €8,376
- Other operating charges +€2,537
up €2,537 (+73.8%), from €3,439 to €5,977
- Financial income +€1,632
up €1,632 (+214%), from €763 to €2,395
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 | €259,589 | €296,140 | +€36,551 | +14.1% |
| Fixed assets | 21/28 | €200,051 | €196,544 | -€3,507 | -1.8% |
| Tangible fixed assets | 22/27 | €35,662 | €32,155 | -€3,507 | -9.8% |
| Land and buildings | 22 | - | €2,594 | +€2,594 | |
| Plant, machinery and equipment | 23 | €1,500 | €5,490 | +€3,990 | +266% |
| Furniture and vehicles | 24 | €34,162 | €24,071 | -€10,091 | -29.5% |
| Financial fixed assets | 28 | €164,389 | €164,389 | = | 0.0% |
| Current assets | 29/58 | €59,538 | €99,596 | +€40,058 | +67.3% |
| Amounts receivable within one year | 40/41 | €45,139 | €84,583 | +€39,445 | +87.4% |
| Trade receivables | 40 | €20,179 | €20,564 | +€386 | +1.9% |
| Other amounts receivable | 41 | €24,960 | €64,019 | +€39,059 | +156% |
| Cash at bank and in hand | 54/58 | €13,044 | €13,587 | +€544 | +4.2% |
| Deferred charges and accrued income | 490/1 | €1,356 | €1,425 | +€70 | +5.2% |
| Total equity and liabilities | 10/49 | €259,589 | €296,140 | +€36,551 | +14.1% |
| Equity | 10/15 | €99,021 | €105,972 | +€6,951 | +7.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €92,821 | €99,772 | +€6,951 | +7.5% |
| Distributable reserves | 133 | €92,821 | €99,772 | +€6,951 | +7.5% |
| Amounts payable | 17/49 | €160,568 | €190,168 | +€29,600 | +18.4% |
| Amounts payable after more than one year | 17 | €76,468 | €56,123 | -€20,345 | -26.6% |
| Financial debts | 170/4 | €76,468 | €56,123 | -€20,345 | -26.6% |
| Amounts payable within one year | 42/48 | €83,918 | €134,045 | +€50,127 | +59.7% |
| Current portion of amounts payable after more than one year | 42 | €19,699 | €20,373 | +€674 | +3.4% |
| Trade debts | 44 | €6,612 | €3,261 | -€3,351 | -50.7% |
| Suppliers | 440/4 | €6,612 | €3,261 | -€3,351 | -50.7% |
| Taxes, remuneration and social security | 45 | €25,754 | €30,411 | +€4,657 | +18.1% |
| Taxes | 450/3 | €25,754 | €30,411 | +€4,657 | +18.1% |
| Other amounts payable | 47/48 | €31,853 | €80,000 | +€48,147 | +151% |
| Accrued charges and deferred income | 492/3 | €182 | - | -€182 | |
| Non-recurring operating income | 76A | - | €10,232 | +€10,232 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,048 | €10,384 | +€336 | +3.3% |
| Other operating charges | 640/8 | €3,439 | €5,977 | +€2,537 | +73.8% |
| Gross operating margin | 9900 | €68,182 | €85,937 | +€17,754 | +26.0% |
| Operating profit (loss) | 9901 | €54,695 | €69,576 | +€14,881 | +27.2% |
| Financial income | 75/76B | €763 | €2,395 | +€1,632 | +214% |
| Recurring financial income | 75 | €763 | €2,395 | +€1,632 | +214% |
| Financial charges | 65/66B | €4,824 | €8,376 | +€3,552 | +73.6% |
| Recurring financial charges | 65 | €4,824 | €8,376 | +€3,552 | +73.6% |
| Profit (loss) for the period before taxes | 9903 | €50,634 | €63,595 | +€12,961 | +25.6% |
| Income taxes | 67/77 | €17,967 | €8,645 | -€9,322 | -51.9% |
| Profit (loss) for the period | 9904 | €32,667 | €54,951 | +€22,283 | +68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,667 | €54,951 | +€22,283 | +68.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.