MEGAMAX: 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
MEGAMAX
NACE 77.320, Rental and leasing activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€738,335
2024 · -€365,218-€373,117
Equity
€9.6m
2024 · €10.3m-€738,335
Cash
€103,566
2024 · €177,395-€73,829
Balance sheet total
€25.2m
2024 · €25.7m-€525,401
Largest movements
Assets
- Tangible fixed assets -€1.0m
down €1.0m (-11.4%), from €9.1m to €8.0m
of which Leasing and similar rights: -€700,635
- Receivables after one year +€885,286
up €885,286 (+7.9%), from €11.2m to €12.1m
- Receivables within one year -€486,486
down €486,486 (-11.2%), from €4.3m to €3.9m
of which Trade receivables: -€449,675
Equity and liabilities
- Debts after one year -€1.1m
down €1.1m (-14.6%), from €7.4m to €6.3m
- Trade debts +€754,541
up €754,541 (+33.3%), from €2.3m to €3.0m
- Short-term financial debts +€750,000
new in 2025: €750,000
- Reserves -€736,652
down €736,652 (-9.0%), from €8.1m to €7.4m
of which Tax-exempt reserves: -€736,652
Income statement
- Other operating income -€1.4m
down €1.4m (-76.4%), from €1.8m to €436,308
- Turnover +€1.3m
up €1.3m (+13.5%), from €9.6m to €10.9m
- Goods and materials +€709,882
up €709,882 (+88.7%), from €800,470 to €1.5m
of which Purchases: +€646,109
- Services and other goods -€321,296
down €321,296 (-6.6%), from €4.8m to €4.5m
- Other operating charges -€228,071
down €228,071 (-76.4%), from €298,386 to €70,316
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
-€365,218
Turnover
+€1.3m
Other operating income
-€1.4m
Goods and materials
-€709,882
Services and other goods
+€321,296
Staff costs
-€79,159
Depreciation
-€150,794
Write-downs
+€29,510
Other operating charges
+€228,071
Other operating items
+€48,396
Financial income
+€17,343
Financial charges
-€12,826
Taxes
-€3,209
Deferred taxes and other
+€54,974
Result 2025
-€738,335
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.
From operations
+€271,898
Investment
-€124,150
Financing
-€221,577
Cash 2024
€177,395
From operations (derived)
+€271,898
Net result for the year
-€738,335
Depreciation
+€1.2m
Receivables after one year
-€885,286
Stocks and contracts
-€87,734
Receivables within one year
+€486,486
Deferred charges and accrued income
-€97,787
Provisions
-€245,550
Trade debts
+€754,541
Tax, wage and social debts
-€8,201
Advances received
+€3,959
Other debts
+€43,199
Accrued charges and deferred income
-€113,436
Investment (derived)
-€124,150
Investment in fixed assets (net)
-€124,150
Financing
-€221,577
Debts after one year
-€1.1m
Current portion of long-term debt
+€104,210
Short-term financial debts
+€750,000
Cash 2025
€103,566
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,738,840 | €25,213,439 | -€525,401 | -2.0% |
| Fixed assets | 21/28 | €9,085,831 | €8,049,939 | -€1.0m | -11.4% |
| Tangible fixed assets | 22/27 | €9,079,326 | €8,043,434 | -€1.0m | -11.4% |
| Land and buildings | 22 | €340,928 | €313,880 | -€27,048 | -7.9% |
| Plant, machinery and equipment | 23 | €129,317 | €115,494 | -€13,822 | -10.7% |
| Furniture and vehicles | 24 | €760,377 | €465,990 | -€294,387 | -38.7% |
| Leasing and similar rights | 25 | €7,848,705 | €7,148,069 | -€700,635 | -8.9% |
| Financial fixed assets | 28 | €6,505 | €6,505 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,505 | €6,505 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,505 | €6,505 | = | 0.0% |
| Current assets | 29/58 | €16,653,008 | €17,163,500 | +€510,492 | +3.1% |
| Amounts receivable after more than one year | 29 | €11,238,021 | €12,123,307 | +€885,286 | +7.9% |
| Other amounts receivable | 291 | €11,238,021 | €12,123,307 | +€885,286 | +7.9% |
| Stocks and contracts in progress | 3 | €339,205 | €426,939 | +€87,734 | +25.9% |
| Stocks | 30/36 | €339,205 | €426,939 | +€87,734 | +25.9% |
| Raw materials and consumables | 30/31 | €339,205 | €398,507 | +€59,302 | +17.5% |
| Goods purchased for resale | 34 | - | €28,432 | +€28,432 | |
| Amounts receivable within one year | 40/41 | €4,343,142 | €3,856,655 | -€486,486 | -11.2% |
| Trade receivables | 40 | €4,305,995 | €3,856,319 | -€449,675 | -10.4% |
| Other amounts receivable | 41 | €37,147 | €336 | -€36,811 | -99.1% |
| Cash at bank and in hand | 54/58 | €177,395 | €103,566 | -€73,829 | -41.6% |
| Deferred charges and accrued income | 490/1 | €555,246 | €653,033 | +€97,787 | +17.6% |
| Total equity and liabilities | 10/49 | €25,738,840 | €25,213,439 | -€525,401 | -2.0% |
| Equity | 10/15 | €10,311,418 | €9,573,083 | -€738,335 | -7.2% |
| Contributions | 10/11 | €1,240,000 | €1,240,000 | = | 0.0% |
| Capital | 10 | €1,240,000 | €1,240,000 | = | 0.0% |
| Issued capital | 100 | €1,240,000 | €1,240,000 | = | 0.0% |
| Reserves | 13 | €8,146,803 | €7,410,152 | -€736,652 | -9.0% |
| Non-distributable reserves | 130/1 | €161,500 | €161,500 | = | 0.0% |
| Legal reserve | 130 | €124,000 | €124,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37,500 | €37,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,985,303 | €7,248,652 | -€736,652 | -9.2% |
| Profit (loss) carried forward | 14 | €924,615 | €922,931 | -€1,684 | -0.2% |
| Provisions and deferred taxes | 16 | €2,632,501 | €2,386,950 | -€245,550 | -9.3% |
| Deferred taxes | 168 | €2,632,501 | €2,386,950 | -€245,550 | -9.3% |
| Amounts payable | 17/49 | €12,794,921 | €13,253,406 | +€458,485 | +3.6% |
| Amounts payable after more than one year | 17 | €7,354,314 | €6,278,527 | -€1.1m | -14.6% |
| Financial debts | 170/4 | €7,354,314 | €6,278,527 | -€1.1m | -14.6% |
| Leasing and similar obligations | 172 | €5,652,249 | €4,290,197 | -€1.4m | -24.1% |
| Other loans | 174 | €1,702,065 | €1,988,329 | +€286,264 | +16.8% |
| Amounts payable within one year | 42/48 | €5,163,317 | €6,811,026 | +€1.6m | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €1,474,054 | €1,578,264 | +€104,210 | +7.1% |
| Financial debts | 43 | - | €750,000 | +€750,000 | |
| Credit institutions | 430/8 | - | €750,000 | +€750,000 | |
| Trade debts | 44 | €2,268,675 | €3,023,215 | +€754,541 | +33.3% |
| Suppliers | 440/4 | €2,268,675 | €3,023,215 | +€754,541 | +33.3% |
| Advances received on contracts in progress | 46 | €1,153 | €5,113 | +€3,959 | +343.3% |
| Taxes, remuneration and social security | 45 | €1,060,377 | €1,052,177 | -€8,201 | -0.8% |
| Taxes | 450/3 | €122,861 | €136,038 | +€13,178 | +10.7% |
| Remuneration and social security | 454/9 | €937,517 | €916,138 | -€21,378 | -2.3% |
| Other amounts payable | 47/48 | €359,058 | €402,257 | +€43,199 | +12.0% |
| Accrued charges and deferred income | 492/3 | €277,290 | €163,853 | -€113,436 | -40.9% |
| Operating income | 70/76A | €11,428,652 | €11,362,934 | -€65,718 | -0.6% |
| Turnover | 70 | €9,570,718 | €10,862,708 | +€1.3m | +13.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €61,082 | +€61,082 | |
| Other operating income | 74 | €1,845,134 | €436,308 | -€1.4m | -76.4% |
| Non-recurring operating income | 76A | €12,800 | €2,836 | -€9,964 | -77.8% |
| Operating charges | 60/66A | €11,825,976 | €12,189,658 | +€363,681 | +3.1% |
| Goods for resale, raw materials and consumables | 60 | €800,470 | €1,510,352 | +€709,882 | +88.7% |
| Purchases | 600/8 | €862,463 | €1,508,573 | +€646,109 | +74.9% |
| Change in stocks: decrease (increase) | 609 | -€61,993 | €1,780 | +€63,773 | |
| Services and other goods | 61 | €4,834,232 | €4,512,935 | -€321,296 | -6.6% |
| Remuneration, social security and pensions | 62 | €4,842,618 | €4,921,777 | +€79,159 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,009,249 | €1,160,043 | +€150,794 | +14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €41,021 | €11,512 | -€29,510 | -71.9% |
| Other operating charges | 640/8 | €298,386 | €70,316 | -€228,071 | -76.4% |
| Non-recurring operating charges | 66A | - | €2,723 | +€2,723 | |
| Operating profit (loss) | 9901 | -€397,325 | -€826,724 | -€429,399 | -108.1% |
| Financial income | 75/76B | €247,424 | €264,767 | +€17,343 | +7.0% |
| Recurring financial income | 75 | €247,424 | €264,767 | +€17,343 | +7.0% |
| Income from financial fixed assets | 750 | €241,255 | €261,525 | +€20,270 | +8.4% |
| Income from current assets | 751 | €6,169 | €3,242 | -€2,927 | -47.4% |
| Financial charges | 65/66B | €330,357 | €343,183 | +€12,826 | +3.9% |
| Recurring financial charges | 65 | €330,357 | €343,183 | +€12,826 | +3.9% |
| Debt charges | 650 | €329,211 | €341,435 | +€12,225 | +3.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €0 | = | |
| Other financial charges | 652/9 | €1,147 | €1,748 | +€601 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | -€480,258 | -€905,140 | -€424,882 | -88.5% |
| Transfer from deferred taxes | 780 | €190,577 | €245,550 | +€54,974 | +28.8% |
| Income taxes | 67/77 | €75,537 | €78,746 | +€3,209 | +4.2% |
| Taxes | 670/3 | €75,537 | €78,746 | +€3,209 | +4.2% |
| Profit (loss) for the period | 9904 | -€365,218 | -€738,335 | -€373,117 | -102.2% |
| Transfer from tax-exempt reserves | 789 | €571,730 | €736,652 | +€164,922 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €206,512 | -€1,684 | -€208,195 |
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 9 October 2026 via checked.be.