MAX OSTERRIETH & C° (successeurs): 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 OSTERRIETH & C° (successeurs)
Largest movements
- Cash +€28,074
up €28,074 (+63.0%), from €44,537 to €72,611
mainly Receivables within one year (+€25,942) and Net result for the year (+€3,250)
- Receivables within one year -€25,942
down €25,942 (-28.2%), from €92,124 to €66,182
of which Trade receivables: -€24,369
- Reserves +€3,250
up €3,250 (+6.9%), from €46,948 to €50,198
of which Distributable reserves: +€3,250
- Tax, wage and social debts -€1,643
down €1,643 (-18.3%), from €8,979 to €7,335
of which Remuneration and social security: -€1,008
- Financial charges +€3,345
up €3,345 (+586.9%), from €570 to €3,915
of which Non-recurring financial charges: +€3,000
- Gross operating margin +€2,958
up €2,958 (+8.2%), from €36,056 to €39,015
- Other operating charges +€1,164
up €1,164 (+84.1%), from €1,384 to €2,548
- Staff costs +€497
up €497 (+2.0%), from €24,553 to €25,049
- Taxes -€428
down €428 (-10.2%), from €4,182 to €3,754
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.
Cash bridge derived
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 | €141,438 | €143,295 | +€1,857 | +1.3% |
| Fixed assets | 21/28 | €996 | €498 | -€498 | -50.0% |
| Tangible fixed assets | 22/27 | €996 | €498 | -€498 | -50.0% |
| Other tangible fixed assets | 26 | €996 | €498 | -€498 | -50.0% |
| Current assets | 29/58 | €140,442 | €142,797 | +€2,355 | +1.7% |
| Amounts receivable within one year | 40/41 | €92,124 | €66,182 | -€25,942 | -28.2% |
| Trade receivables | 40 | €81,527 | €57,158 | -€24,369 | -29.9% |
| Other amounts receivable | 41 | €10,598 | €9,024 | -€1,574 | -14.8% |
| Cash at bank and in hand | 54/58 | €44,537 | €72,611 | +€28,074 | +63.0% |
| Deferred charges and accrued income | 490/1 | €3,780 | €4,003 | +€223 | +5.9% |
| Total equity and liabilities | 10/49 | €141,438 | €143,295 | +€1,857 | +1.3% |
| Equity | 10/15 | €115,458 | €118,708 | +€3,250 | +2.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €46,948 | €50,198 | +€3,250 | +6.9% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €44,448 | €47,698 | +€3,250 | +7.3% |
| Profit (loss) carried forward | 14 | €43,510 | €43,510 | = | 0.0% |
| Amounts payable | 17/49 | €25,980 | €24,586 | -€1,393 | -5.4% |
| Amounts payable within one year | 42/48 | €18,780 | €17,386 | -€1,393 | -7.4% |
| Trade debts | 44 | €3,500 | €3,750 | +€250 | +7.1% |
| Suppliers | 440/4 | €3,500 | €3,750 | +€250 | +7.1% |
| Taxes, remuneration and social security | 45 | €8,979 | €7,335 | -€1,643 | -18.3% |
| Taxes | 450/3 | €4,390 | €3,754 | -€636 | -14.5% |
| Remuneration and social security | 454/9 | €4,589 | €3,581 | -€1,008 | -22.0% |
| Other amounts payable | 47/48 | €6,301 | €6,301 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,200 | €7,200 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €24,553 | €25,049 | +€497 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €498 | €498 | = | 0.0% |
| Other operating charges | 640/8 | €1,384 | €2,548 | +€1,164 | +84.1% |
| Gross operating margin | 9900 | €36,056 | €39,015 | +€2,958 | +8.2% |
| Operating profit (loss) | 9901 | €9,622 | €10,920 | +€1,298 | +13.5% |
| Financial charges | 65/66B | €570 | €3,915 | +€3,345 | +586.9% |
| Recurring financial charges | 65 | €570 | €915 | +€345 | +60.5% |
| Non-recurring financial charges | 66B | - | €3,000 | +€3,000 | |
| Profit (loss) for the period before taxes | 9903 | €9,052 | €7,005 | -€2,048 | -22.6% |
| Income taxes | 67/77 | €4,182 | €3,754 | -€428 | -10.2% |
| Profit (loss) for the period | 9904 | €4,870 | €3,250 | -€1,620 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,870 | €3,250 | -€1,620 | -33.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.