MAX D-TEC: what changed
Two fiscal 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 D-TEC
Largest movements
- Receivables within one year +€14,544
up €14,544 (+266.0%), from €5,468 to €20,011
of which Trade receivables: +€14,435
- Cash -€3,719
down €3,719 (-86.1%), from €4,318 to €599
mainly Receivables within one year (-€14,544) and Net result for the year (-€9,985)
- Tangible fixed assets -€3,040
down €3,040 (-31.1%), from €9,785 to €6,745
of which Plant, machinery and equipment: -€2,769
- Deferred charges and accrued income -€802
down €802 (-34.9%), from €2,298 to €1,497
- Tax, wage and social debts +€21,021
up €21,021 (+157.5%), from €13,346 to €34,368
of which Taxes: +€22,061
- Profit (loss) carried forward -€9,985
down €9,985 (-16.9%), from -€59,067 to -€69,052
- Debts after one year -€5,171
down €5,171 (-69.7%), from €7,419 to €2,248
- Trade debts +€686
up €686 (+16.7%), from €4,118 to €4,804
- Current portion of long-term debt +€300
up €300 (+6.2%), from €4,871 to €5,171
- Gross operating margin +€23,297
up €23,297, from -€18,489 to €4,808
- Other operating charges -€3,307
down €3,307 (-35.9%), from €9,212 to €5,904
- Depreciation +€479
up €479 (+8.0%), from €5,985 to €6,464
- Financial charges -€440
down €440 (-19.4%), from €2,266 to €1,825
- Staff costs -€353
down €353 (-37.1%), from €952 to €599
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.
Cash bridge derived
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 | €21,868 | €28,852 | +€6,983 | +31.9% |
| Fixed assets | 21/28 | €9,785 | €6,745 | -€3,040 | -31.1% |
| Tangible fixed assets | 22/27 | €9,785 | €6,745 | -€3,040 | -31.1% |
| Plant, machinery and equipment | 23 | €6,185 | €3,417 | -€2,769 | -44.8% |
| Furniture and vehicles | 24 | €3,600 | €3,329 | -€271 | -7.5% |
| Current assets | 29/58 | €12,083 | €22,107 | +€10,023 | +82.9% |
| Amounts receivable within one year | 40/41 | €5,468 | €20,011 | +€14,544 | +266.0% |
| Trade receivables | 40 | €5,440 | €19,875 | +€14,435 | +265.3% |
| Other amounts receivable | 41 | €28 | €137 | +€109 | +394.2% |
| Cash at bank and in hand | 54/58 | €4,318 | €599 | -€3,719 | -86.1% |
| Deferred charges and accrued income | 490/1 | €2,298 | €1,497 | -€802 | -34.9% |
| Total equity and liabilities | 10/49 | €21,868 | €28,852 | +€6,983 | +31.9% |
| Equity | 10/15 | -€39,327 | -€49,312 | -€9,985 | -25.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,740 | €14,740 | = | 0.0% |
| Distributable reserves | 133 | €14,740 | €14,740 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,067 | -€69,052 | -€9,985 | -16.9% |
| Amounts payable | 17/49 | €61,195 | €78,163 | +€16,968 | +27.7% |
| Amounts payable after more than one year | 17 | €7,419 | €2,248 | -€5,171 | -69.7% |
| Financial debts | 170/4 | €7,419 | €2,248 | -€5,171 | -69.7% |
| Amounts payable within one year | 42/48 | €53,776 | €75,916 | +€22,140 | +41.2% |
| Current portion of amounts payable after more than one year | 42 | €4,871 | €5,171 | +€300 | +6.2% |
| Trade debts | 44 | €4,118 | €4,804 | +€686 | +16.7% |
| Suppliers | 440/4 | €4,118 | €4,804 | +€686 | +16.7% |
| Taxes, remuneration and social security | 45 | €13,346 | €34,368 | +€21,021 | +157.5% |
| Taxes | 450/3 | €11,107 | €33,168 | +€22,061 | +198.6% |
| Remuneration and social security | 454/9 | €2,239 | €1,200 | -€1,039 | -46.4% |
| Other amounts payable | 47/48 | €31,441 | €31,573 | +€132 | +0.4% |
| Remuneration, social security and pensions | 62 | €952 | €599 | -€353 | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,985 | €6,464 | +€479 | +8.0% |
| Other operating charges | 640/8 | €9,212 | €5,904 | -€3,307 | -35.9% |
| Gross operating margin | 9900 | -€18,489 | €4,808 | +€23,297 | |
| Operating profit (loss) | 9901 | -€34,638 | -€8,160 | +€26,478 | +76.4% |
| Financial income | 75/76B | €163 | €0 | -€163 | -99.8% |
| Recurring financial income | 75 | €163 | €0 | -€163 | -99.8% |
| Financial charges | 65/66B | €2,266 | €1,825 | -€440 | -19.4% |
| Recurring financial charges | 65 | €2,266 | €1,825 | -€440 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | -€36,740 | -€9,985 | +€26,755 | +72.8% |
| Profit (loss) for the period | 9904 | -€36,740 | -€9,985 | +€26,755 | +72.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,740 | -€9,985 | +€26,755 | +72.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.