MAX RENOVATION: 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 RENOVATION
Largest movements
- Tangible fixed assets +€10,628
up €10,628 (+98.0%), from €10,842 to €21,470
of which Furniture and vehicles: +€11,016
- Receivables within one year -€9,409
down €9,409 (-6.3%), from €148,878 to €139,469
of which Trade receivables: -€7,790
- Cash -€2,257
down €2,257 (-7.6%), from €29,597 to €27,340
mainly Investment in fixed assets (net) (-€17,250) and Net result for the year (-€3,097)
- Profit (loss) carried forward -€3,097
down €3,097 (-0.8%), from -€403,746 to -€406,842
- Gross operating margin -€15,491
down €15,491 (-23.5%), from €66,056 to €50,564
- Staff costs +€3,654
up €3,654 (+8.7%), from €41,820 to €45,474
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €213,468 | €212,546 | -€922 | -0.4% |
| Fixed assets | 21/28 | €12,588 | €23,216 | +€10,628 | +84.4% |
| Tangible fixed assets | 22/27 | €10,842 | €21,470 | +€10,628 | +98.0% |
| Plant, machinery and equipment | 23 | €821 | €433 | -€388 | -47.2% |
| Furniture and vehicles | 24 | €10,021 | €21,037 | +€11,016 | +110% |
| Financial fixed assets | 28 | €1,746 | €1,746 | = | 0.0% |
| Current assets | 29/58 | €200,880 | €189,330 | -€11,550 | -5.7% |
| Stocks and contracts in progress | 3 | €21,110 | €19,256 | -€1,854 | -8.8% |
| Stocks | 30/36 | €21,110 | €19,256 | -€1,854 | -8.8% |
| Amounts receivable within one year | 40/41 | €148,878 | €139,469 | -€9,409 | -6.3% |
| Trade receivables | 40 | €147,259 | €139,469 | -€7,790 | -5.3% |
| Other amounts receivable | 41 | €1,619 | - | -€1,619 | |
| Cash at bank and in hand | 54/58 | €29,597 | €27,340 | -€2,257 | -7.6% |
| Deferred charges and accrued income | 490/1 | €1,295 | €3,266 | +€1,970 | +152% |
| Total equity and liabilities | 10/49 | €213,468 | €212,546 | -€922 | -0.4% |
| Equity | 10/15 | -€378,956 | -€382,053 | -€3,097 | -0.8% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Contributions outside capital | 11 | €24,789 | - | -€24,789 | |
| Other | 1109/19 | €24,789 | - | -€24,789 | |
| Profit (loss) carried forward | 14 | -€403,746 | -€406,842 | -€3,097 | -0.8% |
| Amounts payable | 17/49 | €592,424 | €594,599 | +€2,175 | +0.4% |
| Amounts payable within one year | 42/48 | €592,424 | €594,599 | +€2,175 | +0.4% |
| Trade debts | 44 | €12,343 | €14,284 | +€1,941 | +15.7% |
| Suppliers | 440/4 | €12,343 | €14,284 | +€1,941 | +15.7% |
| Taxes, remuneration and social security | 45 | €5,117 | €5,390 | +€273 | +5.3% |
| Taxes | 450/3 | - | €179 | +€179 | |
| Remuneration and social security | 454/9 | €5,117 | €5,211 | +€94 | +1.8% |
| Other amounts payable | 47/48 | €574,964 | €574,925 | -€40 | 0.0% |
| Remuneration, social security and pensions | 62 | €41,820 | €45,474 | +€3,654 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,826 | €6,621 | -€204 | -3.0% |
| Other operating charges | 640/8 | €984 | €1,362 | +€378 | +38.4% |
| Gross operating margin | 9900 | €66,056 | €50,564 | -€15,491 | -23.5% |
| Operating profit (loss) | 9901 | €16,425 | -€2,893 | -€19,319 | |
| Financial income | 75/76B | €24 | €26 | +€2 | +9.2% |
| Recurring financial income | 75 | €24 | €26 | +€2 | +9.2% |
| Financial charges | 65/66B | €121 | €229 | +€109 | +90.1% |
| Recurring financial charges | 65 | €121 | €229 | +€109 | +90.1% |
| Profit (loss) for the period before taxes | 9903 | €16,329 | -€3,097 | -€19,425 | |
| Profit (loss) for the period | 9904 | €16,329 | -€3,097 | -€19,425 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,329 | -€3,097 | -€19,425 |
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 13 October 2026 via checked.be.