FocusMax: 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.
FocusMax
Largest movements
- Cash +€46,810
up €46,810 (+119%), from €39,331 to €86,141
mainly Other debts (+€94,437) and Net result for the year (+€47,475)
- Tangible fixed assets +€13,870
up €13,870 (+15.9%), from €87,230 to €101,100
of which Land and buildings: +€12,885
- Intangible fixed assets -€9,000
down €9,000 (-50.0%), from €18,000 to €9,000
- Receivables within one year +€8,166
up €8,166 (+30.1%), from €27,117 to €35,282
of which Trade receivables: +€13,068
- Deferred charges and accrued income +€2,684
up €2,684 (+20.1%), from €13,326 to €16,010
- Other debts +€94,437
up €94,437 (+2,700%), from €3,497 to €97,934
- Profit (loss) carried forward -€47,650
down €47,650 (-34.3%), from €139,034 to €91,384
- Trade debts +€10,629
up €10,629 (+568%), from €1,872 to €12,501
- Tax, wage and social debts +€5,114
up €5,114 (+87.1%), from €5,874 to €10,988
- Gross operating margin +€54,158
up €54,158 (+178%), from €30,348 to €84,506
- Taxes +€13,170
up €13,170 (+326%), from €4,043 to €17,214
- Other operating charges -€2,387
no longer reported in 2025 (was €2,387)
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 | €185,004 | €247,533 | +€62,529 | +33.8% |
| Fixed assets | 21/28 | €105,230 | €110,100 | +€4,870 | +4.6% |
| Intangible fixed assets | 21 | €18,000 | €9,000 | -€9,000 | -50.0% |
| Tangible fixed assets | 22/27 | €87,230 | €101,100 | +€13,870 | +15.9% |
| Land and buildings | 22 | €56,667 | €69,551 | +€12,885 | +22.7% |
| Furniture and vehicles | 24 | €29,831 | €31,056 | +€1,225 | +4.1% |
| Other tangible fixed assets | 26 | €732 | €492 | -€241 | -32.9% |
| Current assets | 29/58 | €79,774 | €137,433 | +€57,659 | +72.3% |
| Amounts receivable within one year | 40/41 | €27,117 | €35,282 | +€8,166 | +30.1% |
| Trade receivables | 40 | €21,258 | €34,325 | +€13,068 | +61.5% |
| Other amounts receivable | 41 | €5,859 | €957 | -€4,902 | -83.7% |
| Cash at bank and in hand | 54/58 | €39,331 | €86,141 | +€46,810 | +119% |
| Deferred charges and accrued income | 490/1 | €13,326 | €16,010 | +€2,684 | +20.1% |
| Total equity and liabilities | 10/49 | €185,004 | €247,533 | +€62,529 | +33.8% |
| Equity | 10/15 | €173,760 | €126,110 | -€47,650 | -27.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €32,726 | €32,726 | = | 0.0% |
| Distributable reserves | 133 | €32,726 | €32,726 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,034 | €91,384 | -€47,650 | -34.3% |
| Amounts payable | 17/49 | €11,243 | €121,423 | +€110,179 | +980% |
| Amounts payable within one year | 42/48 | €11,243 | €121,423 | +€110,179 | +980% |
| Trade debts | 44 | €1,872 | €12,501 | +€10,629 | +568% |
| Suppliers | 440/4 | €1,872 | €12,501 | +€10,629 | +568% |
| Taxes, remuneration and social security | 45 | €5,874 | €10,988 | +€5,114 | +87.1% |
| Taxes | 450/3 | €5,874 | €10,988 | +€5,114 | +87.1% |
| Other amounts payable | 47/48 | €3,497 | €97,934 | +€94,437 | +2,700% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,545 | €19,840 | +€295 | +1.5% |
| Other operating charges | 640/8 | €2,387 | - | -€2,387 | |
| Gross operating margin | 9900 | €30,348 | €84,506 | +€54,158 | +178% |
| Operating profit (loss) | 9901 | €8,416 | €64,666 | +€56,250 | +668% |
| Financial income | 75/76B | - | €340 | +€340 | |
| Recurring financial income | 75 | - | €340 | +€340 | |
| Financial charges | 65/66B | €308 | €317 | +€9 | +2.8% |
| Recurring financial charges | 65 | €308 | €317 | +€9 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €8,108 | €64,689 | +€56,581 | +698% |
| Income taxes | 67/77 | €4,043 | €17,214 | +€13,170 | +326% |
| Profit (loss) for the period | 9904 | €4,065 | €47,475 | +€43,411 | +1,068% |
| Profit (loss) for the period to be appropriated | 9905 | €4,065 | €47,475 | +€43,411 | +1,068% |
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 17 October 2026 via checked.be.