MAX LIFT: what changed
MAX LIFT
Largest movements
- Receivables after one year +€9,543
up €9,543 (+4.0%), from €238,565 to €248,108
- Cash -€9,374
down €9,374 (-31.9%), from €29,373 to €19,999
mainly Receivables after one year (-€9,543) and Receivables within one year (-€6,916)
- Receivables within one year +€6,916
up €6,916 (+20.6%), from €33,643 to €40,559
of which Other amounts receivable: +€3,666
- Reserves +€6,349
up €6,349 (+1.5%), from €409,706 to €416,056
- Gross operating margin +€4,757
up €4,757 (+65.1%), from -€7,306 to -€2,549
- Taxes +€2,423
up €2,423 (+1,160%), from €209 to €2,631
- Depreciation -€686
no longer reported in 2025 (was €686)
- Financial charges -€643
down €643 (-82.2%), from €782 to €139
- Other operating charges -€500
down €500 (-40.5%), from €1,235 to €735
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €414,803 | €422,589 | +€7,786 | +1.9% |
| Current assets | 29/58 | €414,803 | €422,589 | +€7,786 | +1.9% |
| Amounts receivable after more than one year | 29 | €238,565 | €248,108 | +€9,543 | +4.0% |
| Other amounts receivable | 291 | €238,565 | €248,108 | +€9,543 | +4.0% |
| Amounts receivable within one year | 40/41 | €33,643 | €40,559 | +€6,916 | +20.6% |
| Trade receivables | 40 | - | €3,250 | +€3,250 | |
| Other amounts receivable | 41 | €33,643 | €37,309 | +€3,666 | +10.9% |
| Current investments | 50/53 | €113,223 | €113,924 | +€701 | +0.6% |
| Cash at bank and in hand | 54/58 | €29,373 | €19,999 | -€9,374 | -31.9% |
| Total equity and liabilities | 10/49 | €414,803 | €422,589 | +€7,786 | +1.9% |
| Equity | 10/15 | €411,939 | €418,288 | +€6,349 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €409,706 | €416,056 | +€6,349 | +1.5% |
| Distributable reserves | 133 | €409,706 | €416,056 | +€6,349 | +1.5% |
| Profit (loss) carried forward | 14 | -€3,968 | -€3,968 | = | 0.0% |
| Amounts payable | 17/49 | €2,865 | €4,301 | +€1,436 | +50.1% |
| Amounts payable within one year | 42/48 | €2,865 | €4,301 | +€1,436 | +50.1% |
| Trade debts | 44 | €659 | €1,773 | +€1,113 | +169% |
| Suppliers | 440/4 | €659 | €1,773 | +€1,113 | +169% |
| Other amounts payable | 47/48 | €2,205 | €2,529 | +€323 | +14.7% |
| Non-recurring operating income | 76A | - | €3,250 | +€3,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €686 | - | -€686 | |
| Other operating charges | 640/8 | €1,235 | €735 | -€500 | -40.5% |
| Gross operating margin | 9900 | -€7,306 | -€2,549 | +€4,757 | +65.1% |
| Operating profit (loss) | 9901 | -€9,227 | -€3,285 | +€5,942 | +64.4% |
| Financial income | 75/76B | €12,307 | €12,405 | +€98 | +0.8% |
| Recurring financial income | 75 | €12,307 | €12,405 | +€98 | +0.8% |
| Financial charges | 65/66B | €782 | €139 | -€643 | -82.2% |
| Recurring financial charges | 65 | €782 | €139 | -€643 | -82.2% |
| Profit (loss) for the period before taxes | 9903 | €2,298 | €8,981 | +€6,683 | +291% |
| Income taxes | 67/77 | €209 | €2,631 | +€2,423 | +1,160% |
| Profit (loss) for the period | 9904 | €2,089 | €6,349 | +€4,260 | +204% |
| Profit (loss) for the period to be appropriated | 9905 | €2,089 | €6,349 | +€4,260 | +204% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.