MAX2SYSTEM: 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.
MAX2SYSTEM
Largest movements
- Receivables within one year +€160,231
up €160,231 (+1076.8%), from €14,881 to €175,111
- Tangible fixed assets +€11,419
up €11,419 (+18.8%), from €60,847 to €72,266
of which Plant, machinery and equipment: +€14,253
- Profit (loss) carried forward +€202,022
up €202,022, from -€175,176 to €26,846
- Accrued charges and deferred income -€25,260
no longer reported in 2023 (was €25,260)
- Trade debts -€12,456
no longer reported in 2023 (was €12,456)
- Tax, wage and social debts +€9,100
up €9,100 (+747.0%), from €1,218 to €10,318
of which Taxes: +€10,294
- Gross operating margin +€487,443
up €487,443, from -€132,982 to €354,461
- Staff costs +€136,758
up €136,758 (+1709.5%), from €8,000 to €144,758
- Other operating charges -€9,549
no longer reported in 2023 (was €9,549)
- Taxes +€4,517
new in 2023: €4,517
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,303 | €266,953 | +€171,650 | +180.1% |
| Fixed assets | 21/28 | €61,032 | €72,451 | +€11,419 | +18.7% |
| Tangible fixed assets | 22/27 | €60,847 | €72,266 | +€11,419 | +18.8% |
| Plant, machinery and equipment | 23 | €55,180 | €69,433 | +€14,253 | +25.8% |
| Furniture and vehicles | 24 | €5,667 | €2,833 | -€2,833 | -50.0% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €34,271 | €194,502 | +€160,231 | +467.5% |
| Amounts receivable within one year | 40/41 | €14,881 | €175,111 | +€160,231 | +1076.8% |
| Other amounts receivable | 41 | €14,881 | €175,111 | +€160,231 | +1076.8% |
| Cash at bank and in hand | 54/58 | €19,343 | €19,343 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €48 | €48 | = | 0.0% |
| Total equity and liabilities | 10/49 | €95,303 | €266,953 | +€171,650 | +180.1% |
| Equity | 10/15 | -€164,126 | €37,896 | +€202,022 | |
| Contributions | 10/11 | €11,050 | €11,050 | = | 0.0% |
| Contributions outside capital | 11 | €11,050 | €11,050 | = | 0.0% |
| Other | 1109/19 | €11,050 | €11,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,176 | €26,846 | +€202,022 | |
| Amounts payable | 17/49 | €259,429 | €229,058 | -€30,371 | -11.7% |
| Amounts payable within one year | 42/48 | €234,169 | €229,058 | -€5,111 | -2.2% |
| Trade debts | 44 | €12,456 | - | -€12,456 | |
| Suppliers | 440/4 | €12,456 | - | -€12,456 | |
| Taxes, remuneration and social security | 45 | €1,218 | €10,318 | +€9,100 | +747.0% |
| Taxes | 450/3 | €24 | €10,318 | +€10,294 | +43767.5% |
| Remuneration and social security | 454/9 | €1,195 | - | -€1,195 | |
| Other amounts payable | 47/48 | €220,495 | €218,740 | -€1,755 | -0.8% |
| Accrued charges and deferred income | 492/3 | €25,260 | - | -€25,260 | |
| Remuneration, social security and pensions | 62 | €8,000 | €144,758 | +€136,758 | +1709.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,164 | €3,164 | = | 0.0% |
| Other operating charges | 640/8 | €9,549 | - | -€9,549 | |
| Gross operating margin | 9900 | -€132,982 | €354,461 | +€487,443 | |
| Operating profit (loss) | 9901 | -€153,695 | €206,539 | +€360,234 | |
| Financial charges | 65/66B | €258 | - | -€258 | |
| Recurring financial charges | 65 | €258 | - | -€258 | |
| Profit (loss) for the period before taxes | 9903 | -€153,953 | €206,539 | +€360,492 | |
| Income taxes | 67/77 | - | €4,517 | +€4,517 | |
| Profit (loss) for the period | 9904 | -€153,953 | €202,022 | +€355,975 | |
| Profit (loss) for the period to be appropriated | 9905 | -€153,953 | €202,022 | +€355,975 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.