D-MAXTRADING: 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.
D-MAXTRADING
Largest movements
- Tangible fixed assets -€14,335
down €14,335 (-32.2%), from €44,492 to €30,157
of which Furniture and vehicles: -€10,724
- Cash -€2,340
down €2,340 (-23.2%), from €10,079 to €7,739
mainly Net result for the year (-€14,861) and Tax, wage and social debts (-€8,550)
- Stocks and contracts -€2,182
down €2,182 (-2.0%), from €108,690 to €106,508
- Reserves -€14,861
down €14,861 (-10.9%), from €136,311 to €121,450
- Tax, wage and social debts -€8,550
down €8,550 (-38.4%), from €22,250 to €13,700
- Other debts +€6,922
up €6,922 (+3076.4%), from €225 to €7,147
- Trade debts -€3,569
down €3,569 (-45.7%), from €7,815 to €4,246
- Gross operating margin -€16,179
down €16,179 (-46.4%), from €34,893 to €18,714
- Other operating charges -€2,597
down €2,597 (-14.7%), from €17,684 to €15,087
- Taxes +€1,836
new in 2025: €1,836
- Depreciation +€1,304
up €1,304 (+10.0%), from €13,031 to €14,335
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 | €172,801 | €152,743 | -€20,058 | -11.6% |
| Fixed assets | 21/28 | €44,492 | €30,157 | -€14,335 | -32.2% |
| Tangible fixed assets | 22/27 | €44,492 | €30,157 | -€14,335 | -32.2% |
| Plant, machinery and equipment | 23 | €8,213 | €4,602 | -€3,611 | -44.0% |
| Furniture and vehicles | 24 | €36,279 | €25,555 | -€10,724 | -29.6% |
| Current assets | 29/58 | €128,309 | €122,586 | -€5,723 | -4.5% |
| Stocks and contracts in progress | 3 | €108,690 | €106,508 | -€2,182 | -2.0% |
| Stocks | 30/36 | €108,690 | €106,508 | -€2,182 | -2.0% |
| Amounts receivable within one year | 40/41 | €9,540 | €8,339 | -€1,201 | -12.6% |
| Trade receivables | 40 | €5,531 | €4,330 | -€1,201 | -21.7% |
| Other amounts receivable | 41 | €4,009 | €4,009 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,079 | €7,739 | -€2,340 | -23.2% |
| Total equity and liabilities | 10/49 | €172,801 | €152,743 | -€20,058 | -11.6% |
| Equity | 10/15 | €142,511 | €127,650 | -€14,861 | -10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €136,311 | €121,450 | -€14,861 | -10.9% |
| Distributable reserves | 133 | €136,311 | €121,450 | -€14,861 | -10.9% |
| Amounts payable | 17/49 | €30,290 | €25,093 | -€5,197 | -17.2% |
| Amounts payable within one year | 42/48 | €30,290 | €25,093 | -€5,197 | -17.2% |
| Trade debts | 44 | €7,815 | €4,246 | -€3,569 | -45.7% |
| Suppliers | 440/4 | €7,815 | €4,246 | -€3,569 | -45.7% |
| Taxes, remuneration and social security | 45 | €22,250 | €13,700 | -€8,550 | -38.4% |
| Taxes | 450/3 | €22,250 | €13,700 | -€8,550 | -38.4% |
| Other amounts payable | 47/48 | €225 | €7,147 | +€6,922 | +3076.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,031 | €14,335 | +€1,304 | +10.0% |
| Other operating charges | 640/8 | €17,684 | €15,087 | -€2,597 | -14.7% |
| Gross operating margin | 9900 | €34,893 | €18,714 | -€16,179 | -46.4% |
| Operating profit (loss) | 9901 | €4,178 | -€10,708 | -€14,886 | |
| Financial income | 75/76B | €33 | €269 | +€236 | +715.2% |
| Recurring financial income | 75 | €33 | €269 | +€236 | +715.2% |
| Financial charges | 65/66B | €2,250 | €2,586 | +€336 | +14.9% |
| Recurring financial charges | 65 | €2,250 | €2,586 | +€336 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €1,961 | -€13,025 | -€14,986 | |
| Income taxes | 67/77 | - | €1,836 | +€1,836 | |
| Profit (loss) for the period | 9904 | €1,961 | -€14,861 | -€16,822 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,961 | -€14,861 | -€16,822 |
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 4 October 2026 via checked.be.