CRMax: 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.
CRMax
Largest movements
- Cash -€9,968
down €9,968 (-14.7%), from €67,871 to €57,903
mainly Contributions, distributions and other (-€50,000) and Net result for the year (-€3,872)
- Reserves -€53,872
down €53,872 (-80.9%), from €66,574 to €12,702
- Other debts +€44,372
new in 2025: €44,372
- Tax, wage and social debts -€990
down €990 (-46.2%), from €2,144 to €1,155
- Financial income -€13,836
down €13,836 (-100.0%), from €13,836 to €0
- Gross operating margin -€4,658
down €4,658, from €1,519 to -€3,139
- Taxes -€1,155
down €1,155 (-100.0%), from €1,155 to €0
- Depreciation -€205
down €205 (-32.3%), from €633 to €429
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 | €69,718 | €59,389 | -€10,330 | -14.8% |
| Fixed assets | 21/28 | €429 | €0 | -€429 | -100.0% |
| Tangible fixed assets | 22/27 | €429 | €0 | -€429 | -100.0% |
| Furniture and vehicles | 24 | €429 | €0 | -€429 | -100.0% |
| Current assets | 29/58 | €69,290 | €59,389 | -€9,901 | -14.3% |
| Amounts receivable within one year | 40/41 | €1,418 | €1,485 | +€67 | +4.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,418 | €1,485 | +€67 | +4.7% |
| Cash at bank and in hand | 54/58 | €67,871 | €57,903 | -€9,968 | -14.7% |
| Total equity and liabilities | 10/49 | €69,718 | €59,389 | -€10,330 | -14.8% |
| Equity | 10/15 | €67,574 | €13,702 | -€53,872 | -79.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €66,574 | €12,702 | -€53,872 | -80.9% |
| Distributable reserves | 133 | €66,574 | €12,702 | -€53,872 | -80.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,144 | €45,687 | +€43,543 | +2030.7% |
| Amounts payable within one year | 42/48 | €2,144 | €45,687 | +€43,543 | +2030.7% |
| Trade debts | 44 | €0 | €160 | +€160 | |
| Suppliers | 440/4 | €0 | €160 | +€160 | |
| Taxes, remuneration and social security | 45 | €2,144 | €1,155 | -€990 | -46.2% |
| Taxes | 450/3 | €2,144 | €1,155 | -€990 | -46.2% |
| Other amounts payable | 47/48 | - | €44,372 | +€44,372 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €633 | €429 | -€205 | -32.3% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €1,519 | -€3,139 | -€4,658 | |
| Operating profit (loss) | 9901 | €824 | -€3,629 | -€4,453 | |
| Financial income | 75/76B | €13,836 | €0 | -€13,836 | -100.0% |
| Recurring financial income | 75 | €13,836 | €0 | -€13,836 | -100.0% |
| Financial charges | 65/66B | €254 | €243 | -€11 | -4.4% |
| Recurring financial charges | 65 | €254 | €243 | -€11 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €14,405 | -€3,872 | -€18,277 | |
| Income taxes | 67/77 | €1,155 | €0 | -€1,155 | -100.0% |
| Profit (loss) for the period | 9904 | €13,251 | -€3,872 | -€17,123 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,251 | -€3,872 | -€17,123 |
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.