MAX MEDIA: 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 MEDIA
Largest movements
- Tangible fixed assets -€10,796
down €10,796 (-12.9%), from €83,718 to €72,922
of which Other tangible fixed assets: -€7,909
- Cash +€6,968
up €6,968 (+1,359%), from €513 to €7,481
mainly Net result for the year (+€27,138) and Depreciation (+€12,080)
- Deferred charges and accrued income +€3,127
up €3,127 (+212%), from €1,473 to €4,600
- Reserves +€27,138
up €27,138 (+53.7%), from €50,503 to €77,641
- Other debts -€22,749
down €22,749 (-18.9%), from €120,636 to €97,887
- Debts after one year -€9,860
down €9,860 (-15.3%), from €64,414 to €54,554
- Tax, wage and social debts +€3,361
up €3,361 (+12.9%), from €26,109 to €29,470
- Gross operating margin +€13,362
up €13,362 (+29.4%), from €45,484 to €58,846
- Taxes +€4,544
up €4,544 (+32.8%), from €13,853 to €18,398
- Other operating charges +€2,629
up €2,629 (+119%), from €2,210 to €4,839
- Financial charges -€1,036
down €1,036 (-30.8%), from €3,368 to €2,331
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 | €291,215 | €292,013 | +€798 | +0.3% |
| Fixed assets | 21/28 | €288,264 | €277,467 | -€10,796 | -3.7% |
| Tangible fixed assets | 22/27 | €83,718 | €72,922 | -€10,796 | -12.9% |
| Land and buildings | 22 | €33,908 | €31,376 | -€2,532 | -7.5% |
| Plant, machinery and equipment | 23 | €382 | €26 | -€356 | -93.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Other tangible fixed assets | 26 | €49,429 | €41,520 | -€7,909 | -16.0% |
| Financial fixed assets | 28 | €204,545 | €204,545 | = | 0.0% |
| Current assets | 29/58 | €2,951 | €14,546 | +€11,594 | +393% |
| Amounts receivable within one year | 40/41 | €965 | €2,464 | +€1,499 | +155% |
| Trade receivables | 40 | €965 | €2,464 | +€1,499 | +155% |
| Cash at bank and in hand | 54/58 | €513 | €7,481 | +€6,968 | +1,359% |
| Deferred charges and accrued income | 490/1 | €1,473 | €4,600 | +€3,127 | +212% |
| Total equity and liabilities | 10/49 | €291,215 | €292,013 | +€798 | +0.3% |
| Equity | 10/15 | €56,703 | €83,841 | +€27,138 | +47.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50,503 | €77,641 | +€27,138 | +53.7% |
| Distributable reserves | 133 | €50,503 | €77,641 | +€27,138 | +53.7% |
| Amounts payable | 17/49 | €234,512 | €208,172 | -€26,340 | -11.2% |
| Amounts payable after more than one year | 17 | €64,414 | €54,554 | -€9,860 | -15.3% |
| Financial debts | 170/4 | €64,414 | €54,554 | -€9,860 | -15.3% |
| Amounts payable within one year | 42/48 | €170,098 | €153,618 | -€16,480 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €9,696 | €9,860 | +€163 | +1.7% |
| Trade debts | 44 | €13,658 | €16,402 | +€2,744 | +20.1% |
| Suppliers | 440/4 | €13,658 | €16,402 | +€2,744 | +20.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €26,109 | €29,470 | +€3,361 | +12.9% |
| Taxes | 450/3 | €26,109 | €29,470 | +€3,361 | +12.9% |
| Other amounts payable | 47/48 | €120,636 | €97,887 | -€22,749 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,409 | €12,080 | -€329 | -2.6% |
| Other operating charges | 640/8 | €2,210 | €4,839 | +€2,629 | +119% |
| Gross operating margin | 9900 | €45,484 | €58,846 | +€13,362 | +29.4% |
| Operating profit (loss) | 9901 | €30,865 | €41,927 | +€11,062 | +35.8% |
| Financial income | 75/76B | €5,943 | €5,940 | -€3 | -0.1% |
| Recurring financial income | 75 | €5,943 | €5,940 | -€3 | -0.1% |
| Financial charges | 65/66B | €3,368 | €2,331 | -€1,036 | -30.8% |
| Recurring financial charges | 65 | €3,368 | €2,331 | -€1,036 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €33,441 | €45,536 | +€12,095 | +36.2% |
| Income taxes | 67/77 | €13,853 | €18,398 | +€4,544 | +32.8% |
| Profit (loss) for the period | 9904 | €19,587 | €27,138 | +€7,551 | +38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,587 | €27,138 | +€7,551 | +38.5% |
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 28 October 2026 via checked.be.