AT YOUR MAX: 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.
AT YOUR MAX
Largest movements
- Cash -€18,043
down €18,043 (-69.3%), from €26,049 to €8,006
mainly Receivables within one year (-€10,908) and Tax, wage and social debts (-€3,936)
- Receivables within one year +€10,908
up €10,908 (+297.5%), from €3,667 to €14,575
of which Trade receivables: +€10,291
- Tangible fixed assets +€884
up €884 (+77.8%), from €1,137 to €2,020
- Deferred charges and accrued income -€848
down €848 (-63.8%), from €1,329 to €481
- Tax, wage and social debts -€3,936
down €3,936 (-65.5%), from €6,005 to €2,069
- Other debts -€1,554
down €1,554 (-29.9%), from €5,204 to €3,650
- Trade debts -€1,323
down €1,323 (-54.5%), from €2,428 to €1,105
- Purchases and services -€69,976
no longer reported in 2025 (was €69,976)
- Gross operating margin -€6,433
down €6,433 (-71.6%), from €8,981 to €2,549
- Staff costs -€1,908
down €1,908 (-100.0%), from €1,908 to €0
- Taxes -€866
down €866 (-40.4%), from €2,142 to €1,276
- Other operating charges +€263
new in 2025: €263
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 | €37,032 | €29,932 | -€7,100 | -19.2% |
| Fixed assets | 21/28 | €5,987 | €6,871 | +€884 | +14.8% |
| Tangible fixed assets | 22/27 | €1,137 | €2,020 | +€884 | +77.8% |
| Plant, machinery and equipment | 23 | €1,137 | €2,020 | +€884 | +77.8% |
| Financial fixed assets | 28 | €4,850 | €4,850 | = | 0.0% |
| Current assets | 29/58 | €31,045 | €23,062 | -€7,984 | -25.7% |
| Amounts receivable within one year | 40/41 | €3,667 | €14,575 | +€10,908 | +297.5% |
| Trade receivables | 40 | €2,559 | €12,850 | +€10,291 | +402.1% |
| Other amounts receivable | 41 | €1,108 | €1,724 | +€617 | +55.7% |
| Cash at bank and in hand | 54/58 | €26,049 | €8,006 | -€18,043 | -69.3% |
| Deferred charges and accrued income | 490/1 | €1,329 | €481 | -€848 | -63.8% |
| Total equity and liabilities | 10/49 | €37,032 | €29,932 | -€7,100 | -19.2% |
| Equity | 10/15 | €23,394 | €23,108 | -€287 | -1.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,394 | €17,108 | -€287 | -1.6% |
| Amounts payable | 17/49 | €13,638 | €6,825 | -€6,813 | -50.0% |
| Amounts payable within one year | 42/48 | €13,638 | €6,825 | -€6,813 | -50.0% |
| Trade debts | 44 | €2,428 | €1,105 | -€1,323 | -54.5% |
| Suppliers | 440/4 | €2,428 | €1,105 | -€1,323 | -54.5% |
| Taxes, remuneration and social security | 45 | €6,005 | €2,069 | -€3,936 | -65.5% |
| Taxes | 450/3 | €6,005 | €2,069 | -€3,936 | -65.5% |
| Other amounts payable | 47/48 | €5,204 | €3,650 | -€1,554 | -29.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €69,976 | - | -€69,976 | |
| Remuneration, social security and pensions | 62 | €1,908 | €0 | -€1,908 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,125 | €1,214 | +€89 | +7.9% |
| Other operating charges | 640/8 | - | €263 | +€263 | |
| Gross operating margin | 9900 | €8,981 | €2,549 | -€6,433 | -71.6% |
| Operating profit (loss) | 9901 | €5,949 | €1,072 | -€4,877 | -82.0% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €151 | €86 | -€65 | -43.2% |
| Recurring financial charges | 65 | €151 | €86 | -€65 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €5,798 | €989 | -€4,809 | -82.9% |
| Income taxes | 67/77 | €2,142 | €1,276 | -€866 | -40.4% |
| Profit (loss) for the period | 9904 | €3,656 | -€287 | -€3,942 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,656 | -€287 | -€3,942 |
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 7 October 2026 via checked.be.