MAX TOITURE: 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 TOITURE
Largest movements
- Receivables within one year +€35,406
up €35,406 (+120%), from €29,471 to €64,877
of which Other amounts receivable: +€19,251
- Tangible fixed assets -€3,537
down €3,537 (-58.7%), from €6,025 to €2,488
of which Furniture and vehicles: -€4,264
- Deferred charges and accrued income -€2,486
down €2,486 (-99.7%), from €2,494 to €8
- Financial fixed assets +€800
up €800 (+200%), from €400 to €1,200
- Profit (loss) carried forward +€19,553
up €19,553 (+113%), from €17,336 to €36,889
- Tax, wage and social debts +€6,449
up €6,449 (+55.7%), from €11,572 to €18,021
- Trade debts +€4,680
up €4,680 (+55.1%), from €8,491 to €13,172
- Gross operating margin +€12,107
up €12,107 (+69.8%), from €17,342 to €29,449
- Depreciation -€2,974
down €2,974 (-64.0%), from €4,645 to €1,671
- Taxes +€2,512
up €2,512 (+94.9%), from €2,645 to €5,157
- Other operating charges -€1,482
down €1,482 (-38.2%), from €3,880 to €2,398
- Financial charges +€383
up €383 (+133%), from €288 to €672
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 | €40,399 | €71,082 | +€30,683 | +75.9% |
| Fixed assets | 21/28 | €6,425 | €3,688 | -€2,737 | -42.6% |
| Tangible fixed assets | 22/27 | €6,025 | €2,488 | -€3,537 | -58.7% |
| Plant, machinery and equipment | 23 | €552 | €1,278 | +€727 | +132% |
| Furniture and vehicles | 24 | €5,473 | €1,210 | -€4,264 | -77.9% |
| Financial fixed assets | 28 | €400 | €1,200 | +€800 | +200% |
| Current assets | 29/58 | €33,975 | €67,394 | +€33,420 | +98.4% |
| Amounts receivable within one year | 40/41 | €29,471 | €64,877 | +€35,406 | +120% |
| Trade receivables | 40 | €13,377 | €29,532 | +€16,155 | +121% |
| Other amounts receivable | 41 | €16,093 | €35,345 | +€19,251 | +120% |
| Cash at bank and in hand | 54/58 | €2,010 | €2,509 | +€500 | +24.9% |
| Deferred charges and accrued income | 490/1 | €2,494 | €8 | -€2,486 | -99.7% |
| Total equity and liabilities | 10/49 | €40,399 | €71,082 | +€30,683 | +75.9% |
| Equity | 10/15 | €20,336 | €39,889 | +€19,553 | +96.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,336 | €36,889 | +€19,553 | +113% |
| Amounts payable | 17/49 | €20,063 | €31,193 | +€11,130 | +55.5% |
| Amounts payable within one year | 42/48 | €20,063 | €31,193 | +€11,130 | +55.5% |
| Trade debts | 44 | €8,491 | €13,172 | +€4,680 | +55.1% |
| Suppliers | 440/4 | €8,491 | €13,172 | +€4,680 | +55.1% |
| Taxes, remuneration and social security | 45 | €11,572 | €18,021 | +€6,449 | +55.7% |
| Taxes | 450/3 | €11,572 | €18,021 | +€6,449 | +55.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,645 | €1,671 | -€2,974 | -64.0% |
| Other operating charges | 640/8 | €3,880 | €2,398 | -€1,482 | -38.2% |
| Gross operating margin | 9900 | €17,342 | €29,449 | +€12,107 | +69.8% |
| Operating profit (loss) | 9901 | €8,817 | €25,380 | +€16,563 | +188% |
| Financial income | 75/76B | €4 | €2 | -€2 | -48.9% |
| Recurring financial income | 75 | €4 | €2 | -€2 | -48.9% |
| Financial charges | 65/66B | €288 | €672 | +€383 | +133% |
| Recurring financial charges | 65 | €288 | €672 | +€383 | +133% |
| Profit (loss) for the period before taxes | 9903 | €8,532 | €24,710 | +€16,178 | +190% |
| Income taxes | 67/77 | €2,645 | €5,157 | +€2,512 | +94.9% |
| Profit (loss) for the period | 9904 | €5,887 | €19,553 | +€13,666 | +232% |
| Profit (loss) for the period to be appropriated | 9905 | €5,887 | €19,553 | +€13,666 | +232% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.