Max - Consult: 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 - Consult
Largest movements
- Tangible fixed assets -€21,819
down €21,819 (-16.5%), from €132,258 to €110,439
of which Furniture and vehicles: -€16,279
- Receivables within one year -€6,357
down €6,357 (-91.9%), from €6,916 to €559
of which Other amounts receivable: -€6,357
- Cash -€2,052
down €2,052 (-45.4%), from €4,522 to €2,470
mainly Net result for the year (-€22,374) and Other debts (-€4,173)
- Profit (loss) carried forward -€22,374
down €22,374 (-89.8%), from -€24,910 to -€47,284
- Other debts -€4,173
down €4,173 (-3.7%), from €112,935 to €108,762
- Trade debts -€2,515
down €2,515 (-88.8%), from €2,830 to €316
- Gross operating margin -€5,651
down €5,651 (-59.5%), from €9,497 to €3,846
- Other operating charges -€5,507
down €5,507 (-60.9%), from €9,040 to €3,533
- Write-downs +€4,300
no longer reported in 2025 (was -€4,300)
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 | €144,813 | €115,704 | -€29,109 | -20.1% |
| Fixed assets | 21/28 | €132,258 | €110,439 | -€21,819 | -16.5% |
| Tangible fixed assets | 22/27 | €132,258 | €110,439 | -€21,819 | -16.5% |
| Land and buildings | 22 | €103,474 | €97,934 | -€5,540 | -5.4% |
| Furniture and vehicles | 24 | €28,784 | €12,505 | -€16,279 | -56.6% |
| Current assets | 29/58 | €12,555 | €5,265 | -€7,290 | -58.1% |
| Amounts receivable within one year | 40/41 | €6,916 | €559 | -€6,357 | -91.9% |
| Trade receivables | 40 | €300 | €300 | = | 0.0% |
| Other amounts receivable | 41 | €6,616 | €259 | -€6,357 | -96.1% |
| Cash at bank and in hand | 54/58 | €4,522 | €2,470 | -€2,052 | -45.4% |
| Deferred charges and accrued income | 490/1 | €1,117 | €2,235 | +€1,119 | +100% |
| Total equity and liabilities | 10/49 | €144,813 | €115,704 | -€29,109 | -20.1% |
| Equity | 10/15 | €28,140 | €5,766 | -€22,374 | -79.5% |
| Contributions | 10/11 | €12,408 | €12,408 | = | 0.0% |
| Reserves | 13 | €40,642 | €40,642 | = | 0.0% |
| Distributable reserves | 133 | €40,642 | €40,642 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,910 | -€47,284 | -€22,374 | -89.8% |
| Amounts payable | 17/49 | €116,673 | €109,938 | -€6,735 | -5.8% |
| Amounts payable within one year | 42/48 | €116,673 | €109,938 | -€6,735 | -5.8% |
| Trade debts | 44 | €2,830 | €316 | -€2,515 | -88.8% |
| Suppliers | 440/4 | €2,830 | €316 | -€2,515 | -88.8% |
| Taxes, remuneration and social security | 45 | €907 | €860 | -€47 | -5.2% |
| Taxes | 450/3 | €907 | €860 | -€47 | -5.2% |
| Other amounts payable | 47/48 | €112,935 | €108,762 | -€4,173 | -3.7% |
| Remuneration, social security and pensions | 62 | - | €6 | +€6 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,764 | €21,819 | +€55 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,300 | - | +€4,300 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €9,040 | €3,533 | -€5,507 | -60.9% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €9,497 | €3,846 | -€5,651 | -59.5% |
| Operating profit (loss) | 9901 | -€17,007 | -€21,512 | -€4,506 | -26.5% |
| Financial income | 75/76B | €13 | €0 | -€13 | -97.7% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -97.7% |
| Financial charges | 65/66B | - | €1 | +€1 | |
| Recurring financial charges | 65 | - | €1 | +€1 | |
| Profit (loss) for the period before taxes | 9903 | -€16,993 | -€21,513 | -€4,520 | -26.6% |
| Income taxes | 67/77 | €907 | €860 | -€47 | -5.2% |
| Profit (loss) for the period | 9904 | -€17,901 | -€22,374 | -€4,473 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,901 | -€22,374 | -€4,473 | -25.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.