B-MAX: 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.
B-MAX
Largest movements
- Cash +€30,865
up €30,865 (+507%), from €6,091 to €36,955
mainly Debts (+€24,205) and Receivables within one year (+€8,952)
- Receivables within one year -€8,952
down €8,952 (-20.9%), from €42,858 to €33,906
- Tangible fixed assets +€3,858
up €3,858 (+1,357%), from €284 to €4,142
- Debts +€24,205
up €24,205 (+68.9%), from €35,108 to €59,313
- Equity +€1,266
up €1,266 (+35.4%), from -€3,575 to -€2,309
of which Profit (loss) carried forward: +€1,266
- Gross operating margin +€9,424
up €9,424 (+14.6%), from €64,675 to €74,098
- Depreciation +€3,693
up €3,693 (+822%), from €449 to €4,142
From the 2018 result to the 2019 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 2018 and 2019 balance sheets and the 2019 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,533 | €75,004 | +€25,471 | +51.4% |
| Fixed assets | 21/28 | €584 | €4,142 | +€3,558 | +609% |
| Tangible fixed assets | 22/27 | €284 | €4,142 | +€3,858 | +1,357% |
| Financial fixed assets | 28 | €300 | - | -€300 | |
| Current assets | 29/58 | €48,949 | €70,862 | +€21,913 | +44.8% |
| Amounts receivable within one year | 40/41 | €42,858 | €33,906 | -€8,952 | -20.9% |
| Cash at bank and in hand | 54/58 | €6,091 | €36,955 | +€30,865 | +507% |
| Total equity and liabilities | 10/49 | €49,533 | €75,004 | +€25,471 | +51.4% |
| Equity | 10/15 | -€3,575 | -€2,309 | +€1,266 | +35.4% |
| Reserves | 13 | €6,703 | €6,703 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,870 | -€27,604 | +€1,266 | +4.4% |
| Provisions and deferred taxes | 16 | €18,000 | €18,000 | = | 0.0% |
| Amounts payable | 17/49 | €35,108 | €59,313 | +€24,205 | +68.9% |
| Amounts payable within one year | 42/48 | €34,967 | €52,287 | +€17,320 | +49.5% |
| Trade debts | 44 | €30,610 | €52,287 | +€21,677 | +70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €449 | €4,142 | +€3,693 | +822% |
| Gross operating margin | 9900 | €64,675 | €74,098 | +€9,424 | +14.6% |
| Operating profit (loss) | 9901 | €17,089 | €12,523 | -€4,566 | -26.7% |
| Recurring financial charges | 65 | €5,264 | €11,257 | +€5,993 | +114% |
| Profit (loss) for the period before taxes | 9903 | €11,824 | €1,266 | -€10,558 | -89.3% |
| Profit (loss) for the period | 9904 | €11,824 | €1,266 | -€10,558 | -89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,824 | €1,266 | -€10,558 | -89.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.