Maxy Broches: 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.
Maxy Broches
Largest movements
- Receivables within one year -€283,100
down €283,100 (-51.8%), from €546,414 to €263,314
of which Other amounts receivable: -€240,000
- Cash +€110,989
up €110,989 (+277%), from €40,121 to €151,110
mainly Receivables within one year (+€283,100) and Tax, wage and social debts (+€57,426)
- Financial fixed assets +€90,000
up €90,000 (+15,446%), from €583 to €90,583
- Tangible fixed assets -€37,483
down €37,483 (-26.9%), from €139,435 to €101,952
- Trade debts -€102,734
down €102,734 (-76.7%), from €134,023 to €31,290
- Tax, wage and social debts +€57,426
up €57,426 (+43.1%), from €133,097 to €190,522
of which Remuneration and social security: +€46,106
- Current portion of long-term debt -€47,748
down €47,748 (-32.5%), from €147,120 to €99,372
- Accrued charges and deferred income -€23,748
down €23,748 (-51.9%), from €45,777 to €22,030
- Debts after one year -€14,377
down €14,377 (-10.7%), from €133,743 to €119,366
of which Financial debts: -€14,377
- Provisions +€50,000
no longer reported in 2025 (was -€50,000)
- Staff costs +€28,278
up €28,278 (+5.8%), from €489,528 to €517,806
- Taxes -€16,995
down €16,995 (-68.0%), from €24,978 to €7,983
- Gross operating margin +€14,120
up €14,120 (+2.4%), from €580,342 to €594,462
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 | €737,987 | €617,186 | -€120,801 | -16.4% |
| Fixed assets | 21/28 | €140,017 | €192,535 | +€52,517 | +37.5% |
| Tangible fixed assets | 22/27 | €139,435 | €101,952 | -€37,483 | -26.9% |
| Plant, machinery and equipment | 23 | €65,137 | €51,014 | -€14,123 | -21.7% |
| Furniture and vehicles | 24 | €45,900 | €30,600 | -€15,300 | -33.3% |
| Leasing and similar rights | 25 | €22,144 | €15,331 | -€6,814 | -30.8% |
| Other tangible fixed assets | 26 | €6,253 | €5,007 | -€1,247 | -19.9% |
| Financial fixed assets | 28 | €583 | €90,583 | +€90,000 | +15,446% |
| Current assets | 29/58 | €597,969 | €424,651 | -€173,318 | -29.0% |
| Amounts receivable within one year | 40/41 | €546,414 | €263,314 | -€283,100 | -51.8% |
| Trade receivables | 40 | €209,801 | €166,701 | -€43,100 | -20.5% |
| Other amounts receivable | 41 | €336,613 | €96,613 | -€240,000 | -71.3% |
| Cash at bank and in hand | 54/58 | €40,121 | €151,110 | +€110,989 | +277% |
| Deferred charges and accrued income | 490/1 | €11,434 | €10,228 | -€1,206 | -10.6% |
| Total equity and liabilities | 10/49 | €737,987 | €617,186 | -€120,801 | -16.4% |
| Equity | 10/15 | €144,227 | €154,607 | +€10,380 | +7.2% |
| Contributions | 10/11 | €6,892 | €6,892 | = | 0.0% |
| Reserves | 13 | €9,270 | €9,270 | = | 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 | €7,410 | €7,410 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,064 | €138,445 | +€10,380 | +8.1% |
| Amounts payable | 17/49 | €593,760 | €462,579 | -€131,181 | -22.1% |
| Amounts payable after more than one year | 17 | €133,743 | €119,366 | -€14,377 | -10.7% |
| Financial debts | 170/4 | €33,743 | €19,366 | -€14,377 | -42.6% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €414,240 | €321,184 | -€93,056 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €147,120 | €99,372 | -€47,748 | -32.5% |
| Trade debts | 44 | €134,023 | €31,290 | -€102,734 | -76.7% |
| Suppliers | 440/4 | €134,023 | €31,290 | -€102,734 | -76.7% |
| Taxes, remuneration and social security | 45 | €133,097 | €190,522 | +€57,426 | +43.1% |
| Taxes | 450/3 | €65,997 | €77,317 | +€11,319 | +17.2% |
| Remuneration and social security | 454/9 | €67,100 | €113,206 | +€46,106 | +68.7% |
| Accrued charges and deferred income | 492/3 | €45,777 | €22,030 | -€23,748 | -51.9% |
| Non-recurring operating income | 76A | €2,858 | €1,980 | -€879 | -30.7% |
| Remuneration, social security and pensions | 62 | €489,528 | €517,806 | +€28,278 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,253 | €37,483 | -€2,770 | -6.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€50,000 | - | +€50,000 | |
| Other operating charges | 640/8 | €13,075 | €8,646 | -€4,429 | -33.9% |
| Non-recurring operating charges | 66A | - | €3,000 | +€3,000 | |
| Gross operating margin | 9900 | €580,342 | €594,462 | +€14,120 | +2.4% |
| Operating profit (loss) | 9901 | €87,487 | €27,528 | -€59,959 | -68.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +7,400% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +7,400% |
| Financial charges | 65/66B | €9,072 | €9,165 | +€93 | +1.0% |
| Recurring financial charges | 65 | €9,072 | €9,165 | +€93 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €78,415 | €18,364 | -€60,051 | -76.6% |
| Income taxes | 67/77 | €24,978 | €7,983 | -€16,995 | -68.0% |
| Profit (loss) for the period | 9904 | €53,437 | €10,380 | -€43,056 | -80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,437 | €10,380 | -€43,056 | -80.6% |
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 29 October 2026 via checked.be.