MAX - AUTO: 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.
MAX - AUTO
Largest movements
- Cash +€21,085
up €21,085 (+13.3%), from €158,741 to €179,825
mainly Net result for the year (+€31,471) and Other debts (+€4,629)
- Reserves +€15,909
up €15,909 (+11.6%), from €137,204 to €153,112
of which Distributable reserves: +€15,909
- Other debts +€4,629
up €4,629 (+37.3%), from €12,420 to €17,049
- Gross operating margin +€5,869
up €5,869 (+14.4%), from €40,695 to €46,564
- Other operating charges +€944
up €944 (+105%), from €899 to €1,842
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,690 | €198,398 | +€18,708 | +10.4% |
| Fixed assets | 21/28 | €724 | €582 | -€142 | -19.6% |
| Tangible fixed assets | 22/27 | €724 | €332 | -€392 | -54.2% |
| Plant, machinery and equipment | 23 | €724 | €332 | -€392 | -54.2% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €178,966 | €197,817 | +€18,850 | +10.5% |
| Amounts receivable within one year | 40/41 | €18,288 | €16,449 | -€1,839 | -10.1% |
| Trade receivables | 40 | €17,984 | €15,977 | -€2,007 | -11.2% |
| Other amounts receivable | 41 | €304 | €472 | +€168 | +55.3% |
| Cash at bank and in hand | 54/58 | €158,741 | €179,825 | +€21,085 | +13.3% |
| Deferred charges and accrued income | 490/1 | €1,938 | €1,542 | -€395 | -20.4% |
| Total equity and liabilities | 10/49 | €179,690 | €198,398 | +€18,708 | +10.4% |
| Equity | 10/15 | €155,804 | €171,712 | +€15,909 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €137,204 | €153,112 | +€15,909 | +11.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €137,204 | €153,112 | +€15,909 | +11.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,887 | €26,686 | +€2,800 | +11.7% |
| Amounts payable within one year | 42/48 | €23,887 | €26,686 | +€2,800 | +11.7% |
| Trade debts | 44 | €866 | €70 | -€797 | -92.0% |
| Suppliers | 440/4 | €866 | €70 | -€797 | -92.0% |
| Taxes, remuneration and social security | 45 | €10,600 | €9,567 | -€1,033 | -9.7% |
| Taxes | 450/3 | €8,243 | €7,077 | -€1,166 | -14.1% |
| Remuneration and social security | 454/9 | €2,357 | €2,491 | +€133 | +5.7% |
| Other amounts payable | 47/48 | €12,420 | €17,049 | +€4,629 | +37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €392 | €392 | = | 0.0% |
| Other operating charges | 640/8 | €899 | €1,842 | +€944 | +105% |
| Gross operating margin | 9900 | €40,695 | €46,564 | +€5,869 | +14.4% |
| Operating profit (loss) | 9901 | €39,405 | €44,329 | +€4,925 | +12.5% |
| Financial income | 75/76B | €0 | €54 | +€54 | |
| Recurring financial income | 75 | €0 | €54 | +€54 | |
| Financial charges | 65/66B | €54 | €60 | +€6 | +11.0% |
| Recurring financial charges | 65 | €54 | €60 | +€6 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €39,351 | €44,324 | +€4,973 | +12.6% |
| Income taxes | 67/77 | €13,208 | €12,853 | -€356 | -2.7% |
| Profit (loss) for the period | 9904 | €26,142 | €31,471 | +€5,329 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,142 | €31,471 | +€5,329 | +20.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.