MAX83: 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.
What changed
MAX83
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€622,642
2024 · €108,910+€513,732
Equity
€9.9m
2024 · €9.3m+€622,642
Cash
€35,827
2024 · €14,193+€21,634
Balance sheet total
€14.0m
2024 · €13.6m+€394,842
Largest movements
Assets
- Receivables within one year +€280,323
up €280,323 (+167%), from €167,392 to €447,714
of which Other amounts receivable: +€277,885
Equity and liabilities
- Profit (loss) carried forward +€529,756
up €529,756 (+333%), from €159,279 to €689,036
- Other debts -€148,931
down €148,931 (-10.1%), from €1.5m to €1.3m
Income statement
- Financial income +€495,973
up €495,973 (+70,853,331%), from €1 to €495,974
- Gross operating margin +€22,283
up €22,283 (+6.6%), from €336,412 to €358,695
- Taxes +€5,465
up €5,465 (+14.5%), from €37,600 to €43,064
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.
Result 2024
€108,910
Gross operating margin
+€22,283
Other operating charges
-€175
Financial income
+€495,973
Financial charges
+€1,115
Taxes
-€5,465
Result 2025
€622,642
raises the resultlowers the result
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.
From operations
+€138,548
Investment
-€92,886
Financing
-€24,029
Cash 2024
€14,193
From operations (derived)
+€138,548
Net result for the year
+€622,642
Receivables within one year
-€280,323
Provisions
-€37,621
Smaller working-capital items
+€468
Tax, wage and social debts
-€17,687
Other debts
-€148,931
Investment (derived)
-€92,886
Current investments
-€92,886
Financing
-€24,029
Debts after one year
-€15,227
Current portion of long-term debt
-€21,301
Short-term financial debts
+€12,500
Cash 2025
€35,827
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,607,948 | €14,002,791 | +€394,842 | +2.9% |
| Fixed assets | 21/28 | €12,783,789 | €12,783,789 | = | 0.0% |
| Financial fixed assets | 28 | €12,783,789 | €12,783,789 | = | 0.0% |
| Current assets | 29/58 | €824,160 | €1,219,002 | +€394,842 | +47.9% |
| Amounts receivable within one year | 40/41 | €167,392 | €447,714 | +€280,323 | +167% |
| Trade receivables | 40 | €41,636 | €44,074 | +€2,438 | +5.9% |
| Other amounts receivable | 41 | €125,755 | €403,640 | +€277,885 | +221% |
| Current investments | 50/53 | €642,575 | €735,460 | +€92,886 | +14.5% |
| Cash at bank and in hand | 54/58 | €14,193 | €35,827 | +€21,634 | +152% |
| Total equity and liabilities | 10/49 | €13,607,948 | €14,002,791 | +€394,842 | +2.9% |
| Equity | 10/15 | €9,288,550 | €9,911,192 | +€622,642 | +6.7% |
| Contributions | 10/11 | €14,360 | €14,360 | = | 0.0% |
| Revaluation surpluses | 12 | €8,472,336 | €8,472,336 | = | 0.0% |
| Reserves | 13 | €642,575 | €735,460 | +€92,886 | +14.5% |
| Non-distributable reserves | 130/1 | €642,575 | €735,460 | +€92,886 | +14.5% |
| Reserves not available under the articles | 1311 | - | €735,460 | +€735,460 | |
| Own shares acquired | 1312 | €642,575 | - | -€642,575 | |
| Profit (loss) carried forward | 14 | €159,279 | €689,036 | +€529,756 | +333% |
| Provisions and deferred taxes | 16 | €2,560,057 | €2,522,437 | -€37,621 | -1.5% |
| Provisions for liabilities and charges | 160/5 | €2,560,057 | €2,522,437 | -€37,621 | -1.5% |
| Other liabilities and charges | 164/5 | €2,560,057 | €2,522,437 | -€37,621 | -1.5% |
| Amounts payable | 17/49 | €1,759,341 | €1,569,162 | -€190,179 | -10.8% |
| Amounts payable after more than one year | 17 | €40,616 | €25,389 | -€15,227 | -37.5% |
| Financial debts | 170/4 | €40,616 | €25,389 | -€15,227 | -37.5% |
| Amounts payable within one year | 42/48 | €1,551,053 | €1,376,079 | -€174,975 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €36,529 | €15,227 | -€21,301 | -58.3% |
| Financial debts | 43 | €11,667 | €24,167 | +€12,500 | +107% |
| Credit institutions | 430/8 | €11,667 | €24,167 | +€12,500 | +107% |
| Trade debts | 44 | €29 | €474 | +€444 | +1,520% |
| Suppliers | 440/4 | €29 | €474 | +€444 | +1,520% |
| Taxes, remuneration and social security | 45 | €27,406 | €9,719 | -€17,687 | -64.5% |
| Taxes | 450/3 | €27,406 | €9,719 | -€17,687 | -64.5% |
| Other amounts payable | 47/48 | €1,475,422 | €1,326,492 | -€148,931 | -10.1% |
| Accrued charges and deferred income | 492/3 | €167,671 | €167,695 | +€23 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€37,621 | -€37,621 | = | 0.0% |
| Other operating charges | 640/8 | €1,198 | €1,373 | +€175 | +14.6% |
| Gross operating margin | 9900 | €336,412 | €358,695 | +€22,283 | +6.6% |
| Operating profit (loss) | 9901 | €372,835 | €394,942 | +€22,108 | +5.9% |
| Financial income | 75/76B | €1 | €495,974 | +€495,973 | +70,853,331% |
| Recurring financial income | 75 | €1 | €495,974 | +€495,973 | +70,853,331% |
| Financial charges | 65/66B | €226,325 | €225,210 | -€1,115 | -0.5% |
| Recurring financial charges | 65 | €226,325 | €225,210 | -€1,115 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €146,510 | €665,706 | +€519,196 | +354% |
| Income taxes | 67/77 | €37,600 | €43,064 | +€5,465 | +14.5% |
| Profit (loss) for the period | 9904 | €108,910 | €622,642 | +€513,732 | +472% |
| Profit (loss) for the period to be appropriated | 9905 | €108,910 | €622,642 | +€513,732 | +472% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.