BJ 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.
What changed
BJ MAX
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€38,689
2024 · €224,209-€185,520
Equity
€381,757
2024 · €413,069-€31,311
Cash
€47,786
2024 · €35,158+€12,628
Balance sheet total
€1.3m
2024 · €1.3m-€36,261
Largest movements
Assets
- Tangible fixed assets -€35,694
down €35,694 (-10.8%), from €329,875 to €294,181
of which Land and buildings: -€19,408
Equity and liabilities
- Other debts +€37,857
up €37,857 (+78.3%), from €48,361 to €86,218
- Debts after one year -€34,530
down €34,530 (-5.2%), from €658,820 to €624,290
of which Other amounts payable: -€152,807
- Profit (loss) carried forward -€31,311
down €31,311 (-8.1%), from €384,344 to €353,033
Income statement
- Financial income -€129,840
down €129,840 (-76.4%), from €169,840 to €40,000
- Gross operating margin -€65,935
down €65,935 (-52.7%), from €125,221 to €59,286
- Taxes -€12,131
down €12,131 (-89.0%), from €13,623 to €1,492
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.
Result 2024
€224,209
Gross operating margin
-€65,935
Depreciation
-€1,145
Other operating charges
+€502
Financial income
-€129,840
Financial charges
-€1,233
Taxes
+€12,131
Result 2025
€38,689
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.
From operations
+€122,637
Investment
€0
Financing
-€110,009
Cash 2024
€35,158
From operations (derived)
+€122,637
Net result for the year
+€38,689
Depreciation
+€35,694
Receivables within one year
+€10,303
Deferred charges and accrued income
+€2,892
Trade debts
-€641
Tax, wage and social debts
-€3,297
Other debts
+€37,857
Accrued charges and deferred income
+€1,140
Financing
-€110,009
Debts after one year
-€34,530
Current portion of long-term debt
-€5,479
Contributions, distributions and other
-€70,000
Cash 2025
€47,786
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,288,213 | €1,251,952 | -€36,261 | -2.8% |
| Fixed assets | 21/28 | €1,190,121 | €1,154,427 | -€35,694 | -3.0% |
| Tangible fixed assets | 22/27 | €329,875 | €294,181 | -€35,694 | -10.8% |
| Land and buildings | 22 | €285,985 | €266,578 | -€19,408 | -6.8% |
| Furniture and vehicles | 24 | €40,694 | €25,060 | -€15,634 | -38.4% |
| Leasing and similar rights | 25 | €3,195 | €2,543 | -€652 | -20.4% |
| Financial fixed assets | 28 | €860,246 | €860,246 | = | 0.0% |
| Current assets | 29/58 | €98,093 | €97,525 | -€568 | -0.6% |
| Amounts receivable within one year | 40/41 | €59,250 | €48,947 | -€10,303 | -17.4% |
| Trade receivables | 40 | €35,645 | €33,702 | -€1,943 | -5.5% |
| Other amounts receivable | 41 | €23,606 | €15,246 | -€8,360 | -35.4% |
| Cash at bank and in hand | 54/58 | €35,158 | €47,786 | +€12,628 | +35.9% |
| Deferred charges and accrued income | 490/1 | €3,684 | €792 | -€2,892 | -78.5% |
| Total equity and liabilities | 10/49 | €1,288,213 | €1,251,952 | -€36,261 | -2.8% |
| Equity | 10/15 | €413,069 | €381,757 | -€31,311 | -7.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €8,724 | €8,724 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €6,724 | €6,724 | = | 0.0% |
| Profit (loss) carried forward | 14 | €384,344 | €353,033 | -€31,311 | -8.1% |
| Amounts payable | 17/49 | €875,145 | €870,195 | -€4,950 | -0.6% |
| Amounts payable after more than one year | 17 | €658,820 | €624,290 | -€34,530 | -5.2% |
| Financial debts | 170/4 | €506,013 | €624,290 | +€118,277 | +23.4% |
| Other amounts payable | 178/9 | €152,807 | €0 | -€152,807 | -100.0% |
| Amounts payable within one year | 42/48 | €216,325 | €244,765 | +€28,440 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €121,685 | €116,207 | -€5,479 | -4.5% |
| Trade debts | 44 | €11,344 | €10,703 | -€641 | -5.7% |
| Suppliers | 440/4 | €11,344 | €10,703 | -€641 | -5.7% |
| Taxes, remuneration and social security | 45 | €34,934 | €31,637 | -€3,297 | -9.4% |
| Taxes | 450/3 | €31,434 | €28,612 | -€2,822 | -9.0% |
| Remuneration and social security | 454/9 | €3,500 | €3,025 | -€475 | -13.6% |
| Other amounts payable | 47/48 | €48,361 | €86,218 | +€37,857 | +78.3% |
| Accrued charges and deferred income | 492/3 | €0 | €1,140 | +€1,140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,549 | €35,694 | +€1,145 | +3.3% |
| Other operating charges | 640/8 | €3,377 | €2,875 | -€502 | -14.9% |
| Gross operating margin | 9900 | €125,221 | €59,286 | -€65,935 | -52.7% |
| Operating profit (loss) | 9901 | €87,295 | €20,717 | -€66,578 | -76.3% |
| Financial income | 75/76B | €169,840 | €40,000 | -€129,840 | -76.4% |
| Recurring financial income | 75 | €169,840 | €40,000 | -€129,840 | -76.4% |
| Financial charges | 65/66B | €19,303 | €20,537 | +€1,233 | +6.4% |
| Recurring financial charges | 65 | €19,303 | €20,537 | +€1,233 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €237,832 | €40,180 | -€197,651 | -83.1% |
| Income taxes | 67/77 | €13,623 | €1,492 | -€12,131 | -89.0% |
| Profit (loss) for the period | 9904 | €224,209 | €38,689 | -€185,520 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €224,209 | €38,689 | -€185,520 | -82.7% |
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 2 October 2026 via checked.be.