MAXX-food: 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-food
Largest movements
- Cash +€11,680
up €11,680 (+17.0%), from €68,591 to €80,271
mainly Depreciation (+€20,182) and Net result for the year (+€8,952)
- Stocks and contracts +€5,000
up €5,000 (+73.1%), from €6,837 to €11,837
- Profit (loss) carried forward +€8,952
up €8,952 (+12.5%), from €71,850 to €80,803
- Current portion of long-term debt +€6,141
up €6,141 (+49.1%), from €12,516 to €18,657
- Trade debts +€4,766
up €4,766 (+60.0%), from €7,942 to €12,708
- Debts after one year -€4,657
down €4,657 (-15.7%), from €29,568 to €24,911
- Advances received +€2,425
new in 2025: €2,425
- Financial income +€4,211
up €4,211 (+435%), from €967 to €5,178
- Staff costs +€3,481
up €3,481 (+21.0%), from €16,606 to €20,087
- Gross operating margin +€3,433
up €3,433 (+5.8%), from €59,139 to €62,572
- Depreciation +€2,344
up €2,344 (+13.1%), from €17,838 to €20,182
- Other operating charges +€1,495
up €1,495 (+40.5%), from €3,691 to €5,185
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 | €164,269 | €180,341 | +€16,072 | +9.8% |
| Fixed assets | 21/28 | €62,793 | €62,132 | -€661 | -1.1% |
| Tangible fixed assets | 22/27 | €59,513 | €58,852 | -€661 | -1.1% |
| Plant, machinery and equipment | 23 | €3,240 | €3,855 | +€616 | +19.0% |
| Furniture and vehicles | 24 | €43,178 | €46,554 | +€3,376 | +7.8% |
| Leasing and similar rights | 25 | €4,414 | €1,764 | -€2,650 | -60.0% |
| Other tangible fixed assets | 26 | €8,681 | €6,678 | -€2,003 | -23.1% |
| Financial fixed assets | 28 | €3,280 | €3,280 | = | 0.0% |
| Current assets | 29/58 | €101,476 | €118,210 | +€16,733 | +16.5% |
| Stocks and contracts in progress | 3 | €6,837 | €11,837 | +€5,000 | +73.1% |
| Stocks | 30/36 | €6,837 | €11,837 | +€5,000 | +73.1% |
| Amounts receivable within one year | 40/41 | €26,048 | €26,101 | +€53 | +0.2% |
| Trade receivables | 40 | €6,134 | €9,197 | +€3,062 | +49.9% |
| Other amounts receivable | 41 | €19,914 | €16,905 | -€3,009 | -15.1% |
| Cash at bank and in hand | 54/58 | €68,591 | €80,271 | +€11,680 | +17.0% |
| Total equity and liabilities | 10/49 | €164,269 | €180,341 | +€16,072 | +9.8% |
| Equity | 10/15 | €92,310 | €101,263 | +€8,952 | +9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,850 | €80,803 | +€8,952 | +12.5% |
| Amounts payable | 17/49 | €71,959 | €79,079 | +€7,120 | +9.9% |
| Amounts payable after more than one year | 17 | €29,568 | €24,911 | -€4,657 | -15.7% |
| Financial debts | 170/4 | €29,568 | €24,911 | -€4,657 | -15.7% |
| Amounts payable within one year | 42/48 | €42,391 | €54,168 | +€11,776 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €12,516 | €18,657 | +€6,141 | +49.1% |
| Trade debts | 44 | €7,942 | €12,708 | +€4,766 | +60.0% |
| Suppliers | 440/4 | €7,942 | €12,708 | +€4,766 | +60.0% |
| Advances received on contracts in progress | 46 | - | €2,425 | +€2,425 | |
| Taxes, remuneration and social security | 45 | €21,934 | €20,377 | -€1,556 | -7.1% |
| Taxes | 450/3 | €12,594 | €10,000 | -€2,594 | -20.6% |
| Remuneration and social security | 454/9 | €9,339 | €10,377 | +€1,038 | +11.1% |
| Remuneration, social security and pensions | 62 | €16,606 | €20,087 | +€3,481 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,838 | €20,182 | +€2,344 | +13.1% |
| Other operating charges | 640/8 | €3,691 | €5,185 | +€1,495 | +40.5% |
| Gross operating margin | 9900 | €59,139 | €62,572 | +€3,433 | +5.8% |
| Operating profit (loss) | 9901 | €21,004 | €17,117 | -€3,887 | -18.5% |
| Financial income | 75/76B | €967 | €5,178 | +€4,211 | +435% |
| Recurring financial income | 75 | €967 | €5,178 | +€4,211 | +435% |
| Financial charges | 65/66B | €2,342 | €3,333 | +€991 | +42.3% |
| Recurring financial charges | 65 | €2,342 | €2,422 | +€79 | +3.4% |
| Non-recurring financial charges | 66B | - | €912 | +€912 | |
| Profit (loss) for the period before taxes | 9903 | €19,629 | €18,961 | -€668 | -3.4% |
| Income taxes | 67/77 | €9,335 | €10,009 | +€674 | +7.2% |
| Profit (loss) for the period | 9904 | €10,294 | €8,952 | -€1,341 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,294 | €8,952 | -€1,341 | -13.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.