Max Proof: 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 Proof
Largest movements
- Receivables within one year +€4,788
up €4,788 (+106.6%), from €4,494 to €9,282
of which Trade receivables: +€3,392
- Stocks and contracts -€3,961
down €3,961 (-8.3%), from €47,824 to €43,863
- Intangible fixed assets +€3,205
new in 2025: €3,205
- Cash +€2,476
up €2,476 (+16.5%), from €15,000 to €17,476
mainly Other debts (+€6,464) and Net result for the year (+€4,229)
- Other debts +€6,464
up €6,464 (+94.3%), from €6,856 to €13,320
- Debts after one year -€6,150
down €6,150 (-13.3%), from €46,250 to €40,100
- Profit (loss) carried forward +€4,229
up €4,229 (+53.0%), from -€7,975 to -€3,747
- Tax, wage and social debts +€1,525
up €1,525 (+18.3%), from €8,338 to €9,863
of which Remuneration and social security: +€2,167
- Short-term financial debts -€1,046
down €1,046 (-47.1%), from €2,221 to €1,175
- Staff costs +€5,847
new in 2025: €5,847
- Gross operating margin +€3,488
up €3,488 (+29.2%), from €11,935 to €15,423
- Other operating charges -€3,471
down €3,471 (-49.3%), from €7,041 to €3,570
- Taxes +€1,262
up €1,262 (+407177.4%), from €0 to €1,263
- Financial charges -€1,153
down €1,153 (-85.4%), from €1,350 to €197
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 | €74,306 | €79,877 | +€5,571 | +7.5% |
| Fixed assets | 21/28 | €6,779 | €9,256 | +€2,476 | +36.5% |
| Intangible fixed assets | 21 | - | €3,205 | +€3,205 | |
| Tangible fixed assets | 22/27 | €6,654 | €5,926 | -€728 | -10.9% |
| Plant, machinery and equipment | 23 | €574 | €507 | -€68 | -11.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €6,080 | €5,419 | -€661 | -10.9% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €67,526 | €70,621 | +€3,095 | +4.6% |
| Stocks and contracts in progress | 3 | €47,824 | €43,863 | -€3,961 | -8.3% |
| Stocks | 30/36 | €47,824 | €43,863 | -€3,961 | -8.3% |
| Amounts receivable within one year | 40/41 | €4,494 | €9,282 | +€4,788 | +106.6% |
| Trade receivables | 40 | €51 | €3,443 | +€3,392 | +6603.5% |
| Other amounts receivable | 41 | €4,442 | €5,839 | +€1,397 | +31.4% |
| Cash at bank and in hand | 54/58 | €15,000 | €17,476 | +€2,476 | +16.5% |
| Deferred charges and accrued income | 490/1 | €208 | €0 | -€208 | -100.0% |
| Total equity and liabilities | 10/49 | €74,306 | €79,877 | +€5,571 | +7.5% |
| Equity | 10/15 | -€4,975 | -€747 | +€4,229 | +85.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,975 | -€3,747 | +€4,229 | +53.0% |
| Amounts payable | 17/49 | €79,281 | €80,624 | +€1,343 | +1.7% |
| Amounts payable after more than one year | 17 | €46,250 | €40,100 | -€6,150 | -13.3% |
| Financial debts | 170/4 | €46,250 | €40,100 | -€6,150 | -13.3% |
| Amounts payable within one year | 42/48 | €33,031 | €40,524 | +€7,493 | +22.7% |
| Financial debts | 43 | €2,221 | €1,175 | -€1,046 | -47.1% |
| Credit institutions | 430/8 | €2,221 | €1,175 | -€1,046 | -47.1% |
| Trade debts | 44 | €15,617 | €16,167 | +€550 | +3.5% |
| Suppliers | 440/4 | €15,617 | €16,167 | +€550 | +3.5% |
| Taxes, remuneration and social security | 45 | €8,338 | €9,863 | +€1,525 | +18.3% |
| Taxes | 450/3 | €8,338 | €7,696 | -€642 | -7.7% |
| Remuneration and social security | 454/9 | - | €2,167 | +€2,167 | |
| Other amounts payable | 47/48 | €6,856 | €13,320 | +€6,464 | +94.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €5,847 | +€5,847 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,927 | €1,529 | -€398 | -20.6% |
| Other operating charges | 640/8 | €7,041 | €3,570 | -€3,471 | -49.3% |
| Gross operating margin | 9900 | €11,935 | €15,423 | +€3,488 | +29.2% |
| Operating profit (loss) | 9901 | €2,967 | €4,477 | +€1,510 | +50.9% |
| Financial income | 75/76B | €369 | €1,212 | +€843 | +228.3% |
| Recurring financial income | 75 | €369 | €1,212 | +€843 | +228.3% |
| Financial charges | 65/66B | €1,350 | €197 | -€1,153 | -85.4% |
| Recurring financial charges | 65 | €1,350 | €197 | -€1,153 | -85.4% |
| Profit (loss) for the period before taxes | 9903 | €1,986 | €5,491 | +€3,505 | +176.5% |
| Income taxes | 67/77 | €0 | €1,263 | +€1,262 | +407177.4% |
| Profit (loss) for the period | 9904 | €1,986 | €4,229 | +€2,243 | +112.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,986 | €4,229 | +€2,243 | +112.9% |
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 9 October 2026 via checked.be.