B-MAX HOLDING: 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 HOLDING
Largest movements
- Receivables within one year +€904,469
up €904,469 (+33.3%), from €2.7m to €3.6m
of which Other amounts receivable: +€946,175
- Current investments -€203,146
down €203,146 (-2.4%), from €8.6m to €8.4m
- Reserves +€705,809
up €705,809 (+26.4%), from €2.7m to €3.4m
of which Distributable reserves: +€705,809
- Financial income +€468,481
up €468,481 (+80.0%), from €585,314 to €1.1m
- Gross operating margin +€72,259
up €72,259 (+80.3%), from -€89,991 to -€17,732
- Taxes +€21,704
up €21,704 (+24.2%), from €89,864 to €111,569
- Financial charges -€5,302
down €5,302 (-3.5%), from €150,771 to €145,469
- Staff costs -€3,631
down €3,631 (-5.4%), from €66,942 to €63,311
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,965,201 | €19,655,292 | +€690,091 | +3.6% |
| Fixed assets | 21/28 | €7,655,852 | €7,648,113 | -€7,738 | -0.1% |
| Tangible fixed assets | 22/27 | €15,852 | €8,113 | -€7,738 | -48.8% |
| Furniture and vehicles | 24 | €15,852 | €8,113 | -€7,738 | -48.8% |
| Financial fixed assets | 28 | €7,640,000 | €7,640,000 | = | 0.0% |
| Current assets | 29/58 | €11,309,349 | €12,007,178 | +€697,829 | +6.2% |
| Amounts receivable within one year | 40/41 | €2,716,960 | €3,621,429 | +€904,469 | +33.3% |
| Trade receivables | 40 | €117,238 | €75,532 | -€41,706 | -35.6% |
| Other amounts receivable | 41 | €2,599,722 | €3,545,897 | +€946,175 | +36.4% |
| Current investments | 50/53 | €8,588,281 | €8,385,135 | -€203,146 | -2.4% |
| Cash at bank and in hand | 54/58 | €4,108 | €614 | -€3,494 | -85.0% |
| Total equity and liabilities | 10/49 | €18,965,201 | €19,655,292 | +€690,091 | +3.6% |
| Equity | 10/15 | €16,798,269 | €17,504,077 | +€705,809 | +4.2% |
| Contributions | 10/11 | €14,125,000 | €14,125,000 | = | 0.0% |
| Contributions outside capital | 11 | €14,125,000 | €14,125,000 | = | 0.0% |
| Other | 1109/19 | €14,125,000 | €14,125,000 | = | 0.0% |
| Reserves | 13 | €2,673,269 | €3,379,077 | +€705,809 | +26.4% |
| Non-distributable reserves | 130/1 | €144,740 | €144,740 | = | 0.0% |
| Reserves not available under the articles | 1311 | €144,740 | €144,740 | = | 0.0% |
| Distributable reserves | 133 | €2,528,529 | €3,234,337 | +€705,809 | +27.9% |
| Amounts payable | 17/49 | €2,166,932 | €2,151,214 | -€15,718 | -0.7% |
| Amounts payable within one year | 42/48 | €2,153,891 | €2,138,173 | -€15,718 | -0.7% |
| Financial debts | 43 | €2,000,000 | €2,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €2,000,000 | €2,000,000 | = | 0.0% |
| Trade debts | 44 | €54,451 | €40,488 | -€13,963 | -25.6% |
| Suppliers | 440/4 | €54,451 | €40,488 | -€13,963 | -25.6% |
| Taxes, remuneration and social security | 45 | €99,440 | €97,685 | -€1,755 | -1.8% |
| Taxes | 450/3 | €92,315 | €89,800 | -€2,515 | -2.7% |
| Remuneration and social security | 454/9 | €7,125 | €7,885 | +€760 | +10.7% |
| Accrued charges and deferred income | 492/3 | €13,041 | €13,041 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €66,942 | €63,311 | -€3,631 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,829 | €7,738 | -€90 | -1.2% |
| Other operating charges | 640/8 | €2,503 | €2,167 | -€336 | -13.4% |
| Gross operating margin | 9900 | -€89,991 | -€17,732 | +€72,259 | +80.3% |
| Operating profit (loss) | 9901 | -€167,264 | -€90,949 | +€76,316 | +45.6% |
| Financial income | 75/76B | €585,314 | €1,053,795 | +€468,481 | +80.0% |
| Recurring financial income | 75 | €585,314 | €1,053,795 | +€468,481 | +80.0% |
| Financial charges | 65/66B | €150,771 | €145,469 | -€5,302 | -3.5% |
| Recurring financial charges | 65 | €150,771 | €145,469 | -€5,302 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €267,279 | €817,377 | +€550,098 | +206% |
| Income taxes | 67/77 | €89,864 | €111,569 | +€21,704 | +24.2% |
| Profit (loss) for the period | 9904 | €177,415 | €705,809 | +€528,394 | +298% |
| Profit (loss) for the period to be appropriated | 9905 | €177,415 | €705,809 | +€528,394 | +298% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.