MAX MOTO: 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.
What changed
MAX MOTO
NACE 46.730, Wholesale trade
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€126,966
2023 · €100,708+€26,258
Equity
€744,420
2023 · €624,454+€119,966
Cash
€53,024
2023 · €52,722+€302
Balance sheet total
€1.4m
2023 · €1.3m+€183,852
Largest movements
Assets
- Stocks and contracts +€1.0m
up €1.0m (+928.9%), from €111,419 to €1.1m
- Receivables within one year -€850,905
down €850,905 (-82.2%), from €1.0m to €183,927
of which Trade receivables: -€874,969
Equity and liabilities
- Reserves +€119,966
up €119,966 (+48.0%), from €250,000 to €369,966
of which Non-distributable reserves: +€114,966
- Other debts +€117,594
up €117,594 (+42.6%), from €275,899 to €393,493
- Advances received -€41,520
down €41,520 (-39.3%), from €105,590 to €64,070
Income statement
- Gross operating margin +€147,221
up €147,221 (+78.4%), from €187,829 to €335,049
- Staff costs +€88,557
up €88,557 (+405.3%), from €21,850 to €110,407
- Taxes +€23,166
up €23,166 (+72.2%), from €32,101 to €55,267
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.
Result 2023
€100,708
Gross operating margin
+€147,221
Staff costs
-€88,557
Depreciation
-€998
Other operating charges
-€1,531
Other operating items
-€7,376
Financial income
+€457
Financial charges
+€208
Taxes
-€23,166
Result 2024
€126,966
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.
From operations
+€45,446
Investment
-€24,080
Financing
-€21,063
Cash 2023
€52,722
From operations (derived)
+€45,446
Net result for the year
+€126,966
Depreciation
+€22,037
Stocks and contracts
-€1.0m
Receivables within one year
+€850,905
Smaller working-capital items
+€4,462
Advances received
-€41,520
Other debts
+€117,594
Investment (derived)
-€24,080
Investment in fixed assets (net)
-€24,080
Financing
-€21,063
Current portion of long-term debt
-€14,063
Contributions, distributions and other
-€7,000
Cash 2024
€53,024
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,260,442 | €1,444,294 | +€183,852 | +14.6% |
| Fixed assets | 21/28 | €57,588 | €59,631 | +€2,043 | +3.5% |
| Tangible fixed assets | 22/27 | €56,789 | €58,833 | +€2,043 | +3.6% |
| Plant, machinery and equipment | 23 | €2,673 | €4,346 | +€1,673 | +62.6% |
| Furniture and vehicles | 24 | €6,409 | €20,226 | +€13,817 | +215.6% |
| Leasing and similar rights | 25 | €47,707 | €34,261 | -€13,446 | -28.2% |
| Financial fixed assets | 28 | €799 | €799 | = | 0.0% |
| Current assets | 29/58 | €1,202,854 | €1,384,663 | +€181,809 | +15.1% |
| Stocks and contracts in progress | 3 | €111,419 | €1,146,417 | +€1.0m | +928.9% |
| Stocks | 30/36 | €111,419 | €1,146,417 | +€1.0m | +928.9% |
| Amounts receivable within one year | 40/41 | €1,034,832 | €183,927 | -€850,905 | -82.2% |
| Trade receivables | 40 | €1,034,832 | €159,864 | -€874,969 | -84.6% |
| Other amounts receivable | 41 | - | €24,064 | +€24,064 | |
| Cash at bank and in hand | 54/58 | €52,722 | €53,024 | +€302 | +0.6% |
| Deferred charges and accrued income | 490/1 | €3,881 | €1,294 | -€2,587 | -66.7% |
| Total equity and liabilities | 10/49 | €1,260,442 | €1,444,294 | +€183,852 | +14.6% |
| Equity | 10/15 | €624,454 | €744,420 | +€119,966 | +19.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €250,000 | €369,966 | +€119,966 | +48.0% |
| Non-distributable reserves | 130/1 | €250,000 | €364,966 | +€114,966 | +46.0% |
| Reserves not available under the articles | 1311 | €250,000 | €364,966 | +€114,966 | +46.0% |
| Distributable reserves | 133 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €354,454 | €354,454 | = | 0.0% |
| Amounts payable | 17/49 | €635,988 | €699,874 | +€63,886 | +10.0% |
| Amounts payable after more than one year | 17 | €88,207 | €88,207 | = | 0.0% |
| Financial debts | 170/4 | €18,207 | €18,207 | = | 0.0% |
| Other amounts payable | 178/9 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €545,538 | €607,577 | +€62,039 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €28,598 | €14,535 | -€14,063 | -49.2% |
| Trade debts | 44 | €32,159 | €31,806 | -€353 | -1.1% |
| Suppliers | 440/4 | €32,159 | €31,806 | -€353 | -1.1% |
| Advances received on contracts in progress | 46 | €105,590 | €64,070 | -€41,520 | -39.3% |
| Taxes, remuneration and social security | 45 | €103,292 | €103,674 | +€381 | +0.4% |
| Taxes | 450/3 | €77,203 | €67,396 | -€9,807 | -12.7% |
| Remuneration and social security | 454/9 | €26,090 | €36,278 | +€10,188 | +39.1% |
| Other amounts payable | 47/48 | €275,899 | €393,493 | +€117,594 | +42.6% |
| Accrued charges and deferred income | 492/3 | €2,243 | €4,090 | +€1,847 | +82.3% |
| Non-recurring operating income | 76A | - | €2,545 | +€2,545 | |
| Remuneration, social security and pensions | 62 | €21,850 | €110,407 | +€88,557 | +405.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,039 | €22,037 | +€998 | +4.7% |
| Other operating charges | 640/8 | €1,785 | €3,316 | +€1,531 | +85.8% |
| Non-recurring operating charges | 66A | - | €7,376 | +€7,376 | |
| Gross operating margin | 9900 | €187,829 | €335,049 | +€147,221 | +78.4% |
| Operating profit (loss) | 9901 | €143,155 | €191,914 | +€48,759 | +34.1% |
| Financial income | 75/76B | €238 | €695 | +€457 | +192.1% |
| Recurring financial income | 75 | €238 | €695 | +€457 | +192.1% |
| Financial charges | 65/66B | €10,583 | €10,375 | -€208 | -2.0% |
| Recurring financial charges | 65 | €10,583 | €10,375 | -€208 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €132,809 | €182,233 | +€49,424 | +37.2% |
| Income taxes | 67/77 | €32,101 | €55,267 | +€23,166 | +72.2% |
| Profit (loss) for the period | 9904 | €100,708 | €126,966 | +€26,258 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €100,708 | €126,966 | +€26,258 | +26.1% |
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 11 October 2026 via checked.be.