A. MAX MOTORS: what changed
What changed
A. MAX MOTORS
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
-€179,102
2023 · -€242,706+€63,604
Equity
€515,565
2023 · €694,667-€179,102
Cash
€5,494
2023 · €7,017-€1,523
Balance sheet total
€3.9m
2023 · €4.3m-€357,463
Largest movements
Assets
- Tangible fixed assets -€210,043
down €210,043 (-5.5%), from €3.8m to €3.6m
of which Land and buildings: -€162,311
- Receivables within one year -€138,968
down €138,968 (-61.0%), from €227,856 to €88,888
of which Trade receivables: -€133,265
Equity and liabilities
- Profit (loss) carried forward -€179,102
down €179,102 (-145%), from -€123,593 to -€302,694
- Trade debts -€165,644
down €165,644 (-46.7%), from €354,525 to €188,880
- Current portion of long-term debt -€110,001
down €110,001 (-21.2%), from €519,561 to €409,560
- Other debts +€90,760
up €90,760 (+13.5%), from €672,897 to €763,657
Income statement
- Turnover -€646,974
down €646,974 (-62.4%), from €1.0m to €389,313
- Purchases and services -€637,175
down €637,175 (-78.9%), from €807,481 to €170,306
- Staff costs -€46,070
down €46,070 (-32.6%), from €141,238 to €95,168
- Financial charges -€45,922
down €45,922 (-44.3%), from €103,635 to €57,713
- Other operating charges +€16,826
up €16,826 (+157%), from €10,727 to €27,554
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€242,706
Gross operating margin
-€9,799
Staff costs
+€46,070
Depreciation
+€4,296
Write-downs
-€6,552
Other operating charges
-€16,826
Financial income
+€10
Financial charges
+€45,922
Taxes
+€485
Result 2024
-€179,102
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€95,640
Investment
€0
Financing
-€97,163
Cash 2023
€7,017
From operations (derived)
+€95,640
Net result for the year
-€179,102
Depreciation
+€210,043
Stocks and contracts
+€617
Receivables within one year
+€138,968
Deferred charges and accrued income
+€6,311
Trade debts
-€165,644
Tax, wage and social debts
-€5,483
Other debts
+€90,760
Accrued charges and deferred income
-€830
Financing
-€97,163
Current portion of long-term debt
-€110,001
Short-term financial debts
+€12,838
Cash 2024
€5,494
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,287,771 | €3,930,308 | -€357,463 | -8.3% |
| Fixed assets | 21/28 | €3,871,306 | €3,661,263 | -€210,043 | -5.4% |
| Intangible fixed assets | 21 | €25,000 | €25,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,846,306 | €3,636,263 | -€210,043 | -5.5% |
| Land and buildings | 22 | €3,690,049 | €3,527,737 | -€162,311 | -4.4% |
| Plant, machinery and equipment | 23 | €63,419 | €46,265 | -€17,154 | -27.0% |
| Furniture and vehicles | 24 | €11,635 | €4,968 | -€6,667 | -57.3% |
| Other tangible fixed assets | 26 | €81,204 | €57,293 | -€23,911 | -29.4% |
| Current assets | 29/58 | €416,465 | €269,045 | -€147,420 | -35.4% |
| Stocks and contracts in progress | 3 | €139,602 | €138,985 | -€617 | -0.4% |
| Stocks | 30/36 | €139,602 | €138,985 | -€617 | -0.4% |
| Amounts receivable within one year | 40/41 | €227,856 | €88,888 | -€138,968 | -61.0% |
| Trade receivables | 40 | €222,153 | €88,888 | -€133,265 | -60.0% |
| Other amounts receivable | 41 | €5,703 | - | -€5,703 | |
| Current investments | 50/53 | €119 | €119 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,017 | €5,494 | -€1,523 | -21.7% |
| Deferred charges and accrued income | 490/1 | €41,871 | €35,560 | -€6,311 | -15.1% |
| Total equity and liabilities | 10/49 | €4,287,771 | €3,930,308 | -€357,463 | -8.3% |
| Equity | 10/15 | €694,667 | €515,565 | -€179,102 | -25.8% |
| Contributions | 10/11 | €762,000 | €762,000 | = | 0.0% |
| Capital | 10 | €762,000 | €762,000 | = | 0.0% |
| Issued capital | 100 | €762,000 | €762,000 | = | 0.0% |
| Reserves | 13 | €56,260 | €56,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €49,260 | €49,260 | = | 0.0% |
| Legal reserve | 130 | €49,260 | €49,260 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,593 | -€302,694 | -€179,102 | -145% |
| Amounts payable | 17/49 | €3,593,104 | €3,414,743 | -€178,361 | -5.0% |
| Amounts payable after more than one year | 17 | €1,876,141 | €1,876,141 | = | 0.0% |
| Financial debts | 170/4 | €1,876,141 | €1,876,141 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,714,954 | €1,537,422 | -€177,531 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €519,561 | €409,560 | -€110,001 | -21.2% |
| Financial debts | 43 | €145,658 | €158,496 | +€12,838 | +8.8% |
| Credit institutions | 430/8 | €145,658 | €158,496 | +€12,838 | +8.8% |
| Trade debts | 44 | €354,525 | €188,880 | -€165,644 | -46.7% |
| Suppliers | 440/4 | €354,525 | €188,880 | -€165,644 | -46.7% |
| Taxes, remuneration and social security | 45 | €22,313 | €16,829 | -€5,483 | -24.6% |
| Taxes | 450/3 | €11,150 | €6,916 | -€4,234 | -38.0% |
| Remuneration and social security | 454/9 | €11,163 | €9,914 | -€1,250 | -11.2% |
| Other amounts payable | 47/48 | €672,897 | €763,657 | +€90,760 | +13.5% |
| Accrued charges and deferred income | 492/3 | €2,010 | €1,180 | -€830 | -41.3% |
| Turnover | 70 | €1,036,287 | €389,313 | -€646,974 | -62.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €807,481 | €170,306 | -€637,175 | -78.9% |
| Remuneration, social security and pensions | 62 | €141,238 | €95,168 | -€46,070 | -32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214,339 | €210,043 | -€4,296 | -2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,092 | €7,644 | +€6,552 | +600% |
| Other operating charges | 640/8 | €10,727 | €27,554 | +€16,826 | +157% |
| Gross operating margin | 9900 | €228,806 | €219,007 | -€9,799 | -4.3% |
| Operating profit (loss) | 9901 | -€138,590 | -€121,402 | +€17,188 | +12.4% |
| Financial income | 75/76B | €4 | €14 | +€10 | +266% |
| Recurring financial income | 75 | €4 | €14 | +€10 | +266% |
| Financial charges | 65/66B | €103,635 | €57,713 | -€45,922 | -44.3% |
| Recurring financial charges | 65 | €103,635 | €57,713 | -€45,922 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | -€242,221 | -€179,102 | +€63,120 | +26.1% |
| Income taxes | 67/77 | €485 | - | -€485 | |
| Profit (loss) for the period | 9904 | -€242,706 | -€179,102 | +€63,604 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€242,706 | -€179,102 | +€63,604 | +26.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.