Maxx-Construct: 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.
Maxx-Construct
Largest movements
- Cash +€52,183
up €52,183 (+485.1%), from €10,758 to €62,941
mainly Net result for the year (+€24,898) and Debts after one year (+€14,310)
- Tangible fixed assets -€22,435
down €22,435 (-37.1%), from €60,515 to €38,080
of which Land and buildings: -€43,136
- Receivables within one year +€7,994
up €7,994 (+47.4%), from €16,883 to €24,877
of which Trade receivables: +€10,995
- Profit (loss) carried forward +€24,898
up €24,898 (+32.0%), from -€77,867 to -€52,970
- Debts after one year +€14,310
up €14,310 (+38.2%), from €37,486 to €51,796
- Other debts -€7,932
down €7,932 (-100.0%), from €7,932 to €0
- Tax, wage and social debts +€6,460
up €6,460 (+338.4%), from €1,909 to €8,369
- Gross operating margin +€33,910
up €33,910 (+196.5%), from €17,253 to €51,163
- Other operating charges +€10,220
up €10,220 (+670.5%), from €1,524 to €11,745
- Financial charges +€1,825
up €1,825 (+41.0%), from €4,451 to €6,276
- Depreciation -€1,754
down €1,754 (-17.5%), from €10,044 to €8,291
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.
Cash bridge derived
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 | €89,447 | €126,850 | +€37,403 | +41.8% |
| Fixed assets | 21/28 | €60,515 | €38,080 | -€22,435 | -37.1% |
| Tangible fixed assets | 22/27 | €60,515 | €38,080 | -€22,435 | -37.1% |
| Land and buildings | 22 | €43,136 | €0 | -€43,136 | -100.0% |
| Plant, machinery and equipment | 23 | €1,982 | €0 | -€1,982 | -100.0% |
| Leasing and similar rights | 25 | €15,397 | €38,080 | +€22,682 | +147.3% |
| Current assets | 29/58 | €28,933 | €88,771 | +€59,838 | +206.8% |
| Stocks and contracts in progress | 3 | €523 | €953 | +€430 | +82.1% |
| Stocks | 30/36 | €523 | €572 | +€49 | +9.3% |
| Contracts in progress | 37 | - | €381 | +€381 | |
| Amounts receivable within one year | 40/41 | €16,883 | €24,877 | +€7,994 | +47.4% |
| Trade receivables | 40 | €13,538 | €24,532 | +€10,995 | +81.2% |
| Other amounts receivable | 41 | €3,345 | €345 | -€3,000 | -89.7% |
| Cash at bank and in hand | 54/58 | €10,758 | €62,941 | +€52,183 | +485.1% |
| Deferred charges and accrued income | 490/1 | €769 | €0 | -€769 | -100.0% |
| Total equity and liabilities | 10/49 | €89,447 | €126,850 | +€37,403 | +41.8% |
| Equity | 10/15 | -€24,207 | €691 | +€24,898 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €47,461 | €47,461 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €45,601 | €45,601 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,867 | -€52,970 | +€24,898 | +32.0% |
| Amounts payable | 17/49 | €113,654 | €126,159 | +€12,506 | +11.0% |
| Amounts payable after more than one year | 17 | €37,486 | €51,796 | +€14,310 | +38.2% |
| Financial debts | 170/4 | €37,486 | €51,796 | +€14,310 | +38.2% |
| Amounts payable within one year | 42/48 | €76,168 | €74,284 | -€1,885 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €61,309 | €61,825 | +€516 | +0.8% |
| Trade debts | 44 | €5,018 | €3,762 | -€1,256 | -25.0% |
| Suppliers | 440/4 | €5,018 | €3,762 | -€1,256 | -25.0% |
| Advances received on contracts in progress | 46 | - | €328 | +€328 | |
| Taxes, remuneration and social security | 45 | €1,909 | €8,369 | +€6,460 | +338.4% |
| Taxes | 450/3 | €1,909 | €8,369 | +€6,460 | +338.4% |
| Other amounts payable | 47/48 | €7,932 | €0 | -€7,932 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €80 | +€80 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,044 | €8,291 | -€1,754 | -17.5% |
| Other operating charges | 640/8 | €1,524 | €11,745 | +€10,220 | +670.5% |
| Gross operating margin | 9900 | €17,253 | €51,163 | +€33,910 | +196.5% |
| Operating profit (loss) | 9901 | €5,685 | €31,128 | +€25,443 | +447.6% |
| Financial income | 75/76B | €35 | €46 | +€11 | +32.1% |
| Recurring financial income | 75 | €35 | €46 | +€11 | +32.1% |
| Financial charges | 65/66B | €4,451 | €6,276 | +€1,825 | +41.0% |
| Recurring financial charges | 65 | €4,451 | €6,276 | +€1,825 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €1,268 | €24,898 | +€23,629 | +1863.2% |
| Income taxes | 67/77 | €1 | €0 | -€1 | -100.0% |
| Profit (loss) for the period | 9904 | €1,268 | €24,898 | +€23,630 | +1864.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,268 | €24,898 | +€23,630 | +1864.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.