B-MAX Project SRL: 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 Project SRL
Largest movements
- Tangible fixed assets +€38,755
up €38,755 (+118%), from €32,954 to €71,708
of which Furniture and vehicles: +€34,879
- Cash -€15,323
down €15,323 (-30.1%), from €50,899 to €35,576
mainly Investment in fixed assets (net) (-€47,017) and Contributions, distributions and other (-€38,500)
- Receivables within one year +€10,882
up €10,882 (+51.1%), from €21,298 to €32,180
of which Other amounts receivable: +€13,125
- Debts after one year +€30,074
up €30,074 (+104%), from €29,051 to €59,126
- Current portion of long-term debt +€7,679
up €7,679 (+123%), from €6,236 to €13,916
- Trade debts -€7,299
down €7,299 (-33.9%), from €21,520 to €14,221
- Other debts +€3,732
up €3,732 (+10.4%), from €35,991 to €39,723
- Gross operating margin +€7,573
up €7,573 (+17.8%), from €42,511 to €50,083
- Depreciation +€4,493
up €4,493 (+119%), from €3,769 to €8,262
- Other operating charges -€2,300
down €2,300 (-85.2%), from €2,700 to €400
- Financial charges +€719
up €719 (+72.2%), from €996 to €1,714
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 | €107,448 | €142,451 | +€35,002 | +32.6% |
| Fixed assets | 21/28 | €32,954 | €71,708 | +€38,755 | +118% |
| Tangible fixed assets | 22/27 | €32,954 | €71,708 | +€38,755 | +118% |
| Plant, machinery and equipment | 23 | - | €3,876 | +€3,876 | |
| Furniture and vehicles | 24 | €32,954 | €67,832 | +€34,879 | +106% |
| Current assets | 29/58 | €74,495 | €70,742 | -€3,752 | -5.0% |
| Amounts receivable within one year | 40/41 | €21,298 | €32,180 | +€10,882 | +51.1% |
| Trade receivables | 40 | €2,242 | - | -€2,242 | |
| Other amounts receivable | 41 | €19,055 | €32,180 | +€13,125 | +68.9% |
| Cash at bank and in hand | 54/58 | €50,899 | €35,576 | -€15,323 | -30.1% |
| Deferred charges and accrued income | 490/1 | €2,299 | €2,987 | +€688 | +29.9% |
| Total equity and liabilities | 10/49 | €107,448 | €142,451 | +€35,002 | +32.6% |
| Equity | 10/15 | €14,233 | €15,417 | +€1,184 | +8.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €10,646 | €10,646 | = | 0.0% |
| Distributable reserves | 133 | €10,646 | €10,646 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87 | €1,271 | +€1,184 | +1,358% |
| Amounts payable | 17/49 | €93,215 | €127,034 | +€33,819 | +36.3% |
| Amounts payable after more than one year | 17 | €29,051 | €59,126 | +€30,074 | +104% |
| Financial debts | 170/4 | €29,051 | €59,126 | +€30,074 | +104% |
| Amounts payable within one year | 42/48 | €64,164 | €67,908 | +€3,744 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €6,236 | €13,916 | +€7,679 | +123% |
| Trade debts | 44 | €21,520 | €14,221 | -€7,299 | -33.9% |
| Suppliers | 440/4 | €21,520 | €14,221 | -€7,299 | -33.9% |
| Taxes, remuneration and social security | 45 | €416 | €48 | -€368 | -88.4% |
| Taxes | 450/3 | €416 | €48 | -€368 | -88.4% |
| Other amounts payable | 47/48 | €35,991 | €39,723 | +€3,732 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,769 | €8,262 | +€4,493 | +119% |
| Other operating charges | 640/8 | €2,700 | €400 | -€2,300 | -85.2% |
| Gross operating margin | 9900 | €42,511 | €50,083 | +€7,573 | +17.8% |
| Operating profit (loss) | 9901 | €36,042 | €41,421 | +€5,379 | +14.9% |
| Financial income | 75/76B | €9 | €25 | +€16 | +177% |
| Recurring financial income | 75 | €9 | €25 | +€16 | +177% |
| Financial charges | 65/66B | €996 | €1,714 | +€719 | +72.2% |
| Recurring financial charges | 65 | €996 | €1,714 | +€719 | +72.2% |
| Profit (loss) for the period before taxes | 9903 | €35,055 | €39,732 | +€4,677 | +13.3% |
| Income taxes | 67/77 | €416 | €48 | -€368 | -88.4% |
| Profit (loss) for the period | 9904 | €34,639 | €39,684 | +€5,045 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,639 | €39,684 | +€5,045 | +14.6% |
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 20 October 2026 via checked.be.