MAX CAP PRODUCTION: 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 CAP PRODUCTION
Largest movements
- Receivables within one year -€40,292
down €40,292 (-40.4%), from €99,737 to €59,446
of which Trade receivables: -€30,536
- Cash -€6,790
down €6,790 (-83.9%), from €8,090 to €1,300
mainly Trade debts (-€31,337) and Contributions, distributions and other (-€16,600)
- Trade debts -€31,337
down €31,337 (-61.8%), from €50,741 to €19,405
- Profit (loss) carried forward +€20,542
up €20,542 (+61.8%), from -€33,216 to -€12,674
- Reserves -€16,600
down €16,600 (-35.1%), from €47,271 to €30,671
- Tax, wage and social debts -€9,935
down €9,935 (-39.5%), from €25,151 to €15,215
- Other debts -€4,156
down €4,156 (-17.8%), from €23,365 to €19,209
- Gross operating margin +€14,572
up €14,572 (+142%), from €10,280 to €24,852
- Taxes +€3,431
up €3,431 (+1,199%), from €286 to €3,717
- Other operating charges +€3,081
up €3,081 (+345%), from €892 to €3,973
- Financial income +€2,333
up €2,333 (+147%), from €1,590 to €3,923
of which Non-recurring financial income: +€2,515
- Financial charges -€824
down €824 (-68.1%), from €1,210 to €386
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,662 | €133,577 | -€46,085 | -25.7% |
| Fixed assets | 21/28 | €71,577 | €72,832 | +€1,254 | +1.8% |
| Tangible fixed assets | 22/27 | €27 | €1,282 | +€1,254 | +4,624% |
| Furniture and vehicles | 24 | €27 | €1,282 | +€1,254 | +4,624% |
| Financial fixed assets | 28 | €71,550 | €71,550 | = | 0.0% |
| Current assets | 29/58 | €108,085 | €60,746 | -€47,340 | -43.8% |
| Amounts receivable within one year | 40/41 | €99,737 | €59,446 | -€40,292 | -40.4% |
| Trade receivables | 40 | €64,991 | €34,455 | -€30,536 | -47.0% |
| Other amounts receivable | 41 | €34,747 | €24,990 | -€9,756 | -28.1% |
| Cash at bank and in hand | 54/58 | €8,090 | €1,300 | -€6,790 | -83.9% |
| Deferred charges and accrued income | 490/1 | €258 | €0 | -€258 | -100% |
| Total equity and liabilities | 10/49 | €179,662 | €133,577 | -€46,085 | -25.7% |
| Equity | 10/15 | €17,056 | €20,998 | +€3,942 | +23.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €47,271 | €30,671 | -€16,600 | -35.1% |
| Distributable reserves | 133 | €47,271 | €30,671 | -€16,600 | -35.1% |
| Profit (loss) carried forward | 14 | -€33,216 | -€12,674 | +€20,542 | +61.8% |
| Amounts payable | 17/49 | €162,607 | €112,579 | -€50,027 | -30.8% |
| Amounts payable after more than one year | 17 | €62,500 | €58,750 | -€3,750 | -6.0% |
| Financial debts | 170/4 | €62,500 | €58,750 | -€3,750 | -6.0% |
| Amounts payable within one year | 42/48 | €99,257 | €53,829 | -€45,427 | -45.8% |
| Trade debts | 44 | €50,741 | €19,405 | -€31,337 | -61.8% |
| Suppliers | 440/4 | €50,741 | €19,405 | -€31,337 | -61.8% |
| Taxes, remuneration and social security | 45 | €25,151 | €15,215 | -€9,935 | -39.5% |
| Taxes | 450/3 | €25,151 | €15,215 | -€9,935 | -39.5% |
| Other amounts payable | 47/48 | €23,365 | €19,209 | -€4,156 | -17.8% |
| Accrued charges and deferred income | 492/3 | €850 | €0 | -€850 | -100% |
| Non-recurring operating income | 76A | €0 | €341 | +€341 | |
| Remuneration, social security and pensions | 62 | €265 | €74 | -€191 | -72.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €488 | €83 | -€405 | -83.0% |
| Other operating charges | 640/8 | €892 | €3,973 | +€3,081 | +345% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €10,280 | €24,852 | +€14,572 | +142% |
| Operating profit (loss) | 9901 | €8,635 | €20,722 | +€12,087 | +140% |
| Financial income | 75/76B | €1,590 | €3,923 | +€2,333 | +147% |
| Recurring financial income | 75 | €1,590 | €1,408 | -€182 | -11.5% |
| Non-recurring financial income | 76B | - | €2,515 | +€2,515 | |
| Financial charges | 65/66B | €1,210 | €386 | -€824 | -68.1% |
| Recurring financial charges | 65 | €1,210 | €386 | -€824 | -68.1% |
| Profit (loss) for the period before taxes | 9903 | €9,016 | €24,259 | +€15,244 | +169% |
| Income taxes | 67/77 | €286 | €3,717 | +€3,431 | +1,199% |
| Profit (loss) for the period | 9904 | €8,729 | €20,542 | +€11,813 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €8,729 | €20,542 | +€11,813 | +135% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.