FNRCK Max: 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.
FNRCK Max
Largest movements
- Receivables within one year -€5,289
down €5,289 (-14.9%), from €35,568 to €30,279
of which Trade receivables: -€5,289
- Tangible fixed assets -€1,982
down €1,982 (-100%), from €1,982 to €0
- Cash +€1,281
up €1,281 (+7.7%), from €16,659 to €17,940
mainly Net result for the year (+€39,884) and Receivables within one year (+€5,289)
- Other debts -€44,863
down €44,863 (-19.5%), from €230,432 to €185,569
- Profit (loss) carried forward +€39,884
up €39,884 (+19.3%), from -€206,249 to -€166,365
- Tax, wage and social debts -€1,503
down €1,503 (-15.2%), from €9,907 to €8,404
- Gross operating margin +€19,227
up €19,227 (+49.2%), from €39,071 to €58,298
- Taxes +€9,331
up €9,331 (+180%), from €5,183 to €14,513
- Depreciation -€665
down €665 (-25.1%), from €2,648 to €1,982
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 | €54,690 | €48,730 | -€5,960 | -10.9% |
| Fixed assets | 21/28 | €1,982 | €0 | -€1,982 | -100% |
| Tangible fixed assets | 22/27 | €1,982 | €0 | -€1,982 | -100% |
| Furniture and vehicles | 24 | €1,982 | €0 | -€1,982 | -100% |
| Current assets | 29/58 | €52,708 | €48,730 | -€3,978 | -7.5% |
| Amounts receivable within one year | 40/41 | €35,568 | €30,279 | -€5,289 | -14.9% |
| Trade receivables | 40 | €9,046 | €3,757 | -€5,289 | -58.5% |
| Other amounts receivable | 41 | €26,522 | €26,522 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,659 | €17,940 | +€1,281 | +7.7% |
| Deferred charges and accrued income | 490/1 | €481 | €511 | +€30 | +6.2% |
| Total equity and liabilities | 10/49 | €54,690 | €48,730 | -€5,960 | -10.9% |
| Equity | 10/15 | -€185,789 | -€145,905 | +€39,884 | +21.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€206,249 | -€166,365 | +€39,884 | +19.3% |
| Amounts payable | 17/49 | €240,479 | €194,635 | -€45,844 | -19.1% |
| Amounts payable within one year | 42/48 | €240,479 | €194,635 | -€45,844 | -19.1% |
| Trade debts | 44 | €141 | €662 | +€521 | +371% |
| Suppliers | 440/4 | €141 | €662 | +€521 | +371% |
| Taxes, remuneration and social security | 45 | €9,907 | €8,404 | -€1,503 | -15.2% |
| Taxes | 450/3 | €9,907 | €8,404 | -€1,503 | -15.2% |
| Other amounts payable | 47/48 | €230,432 | €185,569 | -€44,863 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,648 | €1,982 | -€665 | -25.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,912 | €1,798 | -€114 | -6.0% |
| Gross operating margin | 9900 | €39,071 | €58,298 | +€19,227 | +49.2% |
| Operating profit (loss) | 9901 | €34,511 | €54,517 | +€20,007 | +58.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €119 | €120 | +€1 | +0.5% |
| Recurring financial charges | 65 | €119 | €120 | +€1 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €34,391 | €54,398 | +€20,006 | +58.2% |
| Income taxes | 67/77 | €5,183 | €14,513 | +€9,331 | +180% |
| Profit (loss) for the period | 9904 | €29,209 | €39,884 | +€10,675 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,209 | €39,884 | +€10,675 | +36.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.