SPRL MAXTRANSPORTS: 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.
SPRL MAXTRANSPORTS
Largest movements
- Receivables within one year -€29,861
down €29,861 (-26.6%), from €112,365 to €82,503
of which Other amounts receivable: -€19,200
- Cash +€15,291
up €15,291 (+49.7%), from €30,757 to €46,048
mainly Receivables within one year (+€29,861) and Accrued charges and deferred income (+€23,660)
- Deferred charges and accrued income +€14,622
up €14,622 (+278%), from €5,262 to €19,884
- Stocks and contracts +€8,761
up €8,761 (+10.4%), from €84,183 to €92,944
- Tax, wage and social debts -€41,527
down €41,527 (-99.1%), from €41,902 to €375
of which Taxes: -€41,902
- Accrued charges and deferred income +€23,660
new in 2025: €23,660
- Reserves +€22,682
up €22,682 (+17.4%), from €130,609 to €153,291
of which Distributable reserves: +€22,682
- Trade debts +€6,663
up €6,663 (+44.2%), from €15,077 to €21,740
- Gross operating margin +€30,813
up €30,813 (+184%), from €16,704 to €47,516
- Other operating charges +€4,025
up €4,025 (+278%), from €1,447 to €5,471
- Taxes -€2,467
down €2,467 (-17.7%), from €13,925 to €11,458
- Depreciation -€1,413
down €1,413 (-19.6%), from €7,220 to €5,807
- Financial charges +€931
up €931 (+154%), from €606 to €1,537
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 | €254,009 | €263,513 | +€9,505 | +3.7% |
| Fixed assets | 21/28 | €21,442 | €22,134 | +€692 | +3.2% |
| Tangible fixed assets | 22/27 | €21,442 | €22,134 | +€692 | +3.2% |
| Plant, machinery and equipment | 23 | €5,327 | €5,925 | +€597 | +11.2% |
| Furniture and vehicles | 24 | €4,713 | €6,741 | +€2,028 | +43.0% |
| Leasing and similar rights | 25 | €6,673 | €5,275 | -€1,398 | -21.0% |
| Other tangible fixed assets | 26 | €4,729 | €4,194 | -€535 | -11.3% |
| Current assets | 29/58 | €232,567 | €241,380 | +€8,813 | +3.8% |
| Stocks and contracts in progress | 3 | €84,183 | €92,944 | +€8,761 | +10.4% |
| Stocks | 30/36 | €84,183 | €92,944 | +€8,761 | +10.4% |
| Amounts receivable within one year | 40/41 | €112,365 | €82,503 | -€29,861 | -26.6% |
| Trade receivables | 40 | €50,736 | €40,076 | -€10,661 | -21.0% |
| Other amounts receivable | 41 | €61,628 | €42,428 | -€19,200 | -31.2% |
| Cash at bank and in hand | 54/58 | €30,757 | €46,048 | +€15,291 | +49.7% |
| Deferred charges and accrued income | 490/1 | €5,262 | €19,884 | +€14,622 | +278% |
| Total equity and liabilities | 10/49 | €254,009 | €263,513 | +€9,505 | +3.7% |
| Equity | 10/15 | €150,102 | €171,925 | +€21,823 | +14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,609 | €153,291 | +€22,682 | +17.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,034 | €14,034 | = | 0.0% |
| Distributable reserves | 133 | €114,715 | €137,397 | +€22,682 | +19.8% |
| Profit (loss) carried forward | 14 | €893 | €34 | -€859 | -96.2% |
| Amounts payable | 17/49 | €103,907 | €91,589 | -€12,318 | -11.9% |
| Amounts payable after more than one year | 17 | €5,575 | €4,300 | -€1,275 | -22.9% |
| Financial debts | 170/4 | €5,575 | €4,300 | -€1,275 | -22.9% |
| Amounts payable within one year | 42/48 | €98,332 | €63,629 | -€34,703 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €1,595 | €1,425 | -€170 | -10.7% |
| Trade debts | 44 | €15,077 | €21,740 | +€6,663 | +44.2% |
| Suppliers | 440/4 | €15,077 | €21,740 | +€6,663 | +44.2% |
| Taxes, remuneration and social security | 45 | €41,902 | €375 | -€41,527 | -99.1% |
| Taxes | 450/3 | €41,902 | - | -€41,902 | |
| Remuneration and social security | 454/9 | - | €375 | +€375 | |
| Other amounts payable | 47/48 | €39,758 | €40,089 | +€331 | +0.8% |
| Accrued charges and deferred income | 492/3 | - | €23,660 | +€23,660 | |
| Remuneration, social security and pensions | 62 | - | €617 | +€617 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,220 | €5,807 | -€1,413 | -19.6% |
| Other operating charges | 640/8 | €1,447 | €5,471 | +€4,025 | +278% |
| Gross operating margin | 9900 | €16,704 | €47,516 | +€30,813 | +184% |
| Operating profit (loss) | 9901 | €8,037 | €35,621 | +€27,584 | +343% |
| Financial income | 75/76B | €2 | €55 | +€54 | +3,047% |
| Recurring financial income | 75 | €2 | €55 | +€54 | +3,047% |
| Financial charges | 65/66B | €606 | €1,537 | +€931 | +154% |
| Recurring financial charges | 65 | €606 | €1,537 | +€931 | +154% |
| Profit (loss) for the period before taxes | 9903 | €7,433 | €34,140 | +€26,707 | +359% |
| Income taxes | 67/77 | €13,925 | €11,458 | -€2,467 | -17.7% |
| Profit (loss) for the period | 9904 | -€6,492 | €22,682 | +€29,174 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,492 | €22,682 | +€29,174 |
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 24 October 2026 via checked.be.