MEGAMAX BEER: 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.
MEGAMAX BEER
Largest movements
- Receivables after one year -€146,878
down €146,878 (-63.0%), from €233,004 to €86,127
- Receivables within one year +€77,670
up €77,670 (+147%), from €52,835 to €130,504
of which Trade receivables: +€97,584
- Tangible fixed assets +€13,724
up €13,724 (+21.5%), from €63,840 to €77,564
of which Plant, machinery and equipment: +€10,766
- Trade debts -€70,245
down €70,245 (-88.6%), from €79,310 to €9,064
- Reserves +€17,762
up €17,762 (+14.5%), from €122,833 to €140,595
of which Distributable reserves: +€17,762
- Debts after one year -€11,020
down €11,020 (-7.6%), from €145,122 to €134,101
- Other debts +€7,978
new in 2025: €7,978
- Gross operating margin +€37,306
up €37,306 (+138%), from €27,127 to €64,433
- Taxes +€8,443
up €8,443 (+275%), from €3,074 to €11,517
- Depreciation +€4,712
up €4,712 (+25.2%), from €18,721 to €23,433
- Other operating charges -€2,976
down €2,976 (-45.0%), from €6,619 to €3,643
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 | €363,548 | €312,141 | -€51,408 | -14.1% |
| Fixed assets | 21/28 | €64,043 | €77,767 | +€13,724 | +21.4% |
| Tangible fixed assets | 22/27 | €63,840 | €77,564 | +€13,724 | +21.5% |
| Land and buildings | 22 | - | €992 | +€992 | |
| Plant, machinery and equipment | 23 | €43,078 | €53,844 | +€10,766 | +25.0% |
| Furniture and vehicles | 24 | €20,762 | €22,728 | +€1,967 | +9.5% |
| Financial fixed assets | 28 | €203 | €203 | = | 0.0% |
| Current assets | 29/58 | €299,505 | €234,373 | -€65,132 | -21.7% |
| Amounts receivable after more than one year | 29 | €233,004 | €86,127 | -€146,878 | -63.0% |
| Trade receivables | 290 | €233,004 | €86,127 | -€146,878 | -63.0% |
| Amounts receivable within one year | 40/41 | €52,835 | €130,504 | +€77,670 | +147% |
| Trade receivables | 40 | €27,617 | €125,200 | +€97,584 | +353% |
| Other amounts receivable | 41 | €25,218 | €5,304 | -€19,914 | -79.0% |
| Cash at bank and in hand | 54/58 | €9,940 | €13,318 | +€3,377 | +34.0% |
| Deferred charges and accrued income | 490/1 | €3,726 | €4,425 | +€699 | +18.8% |
| Total equity and liabilities | 10/49 | €363,548 | €312,141 | -€51,408 | -14.1% |
| Equity | 10/15 | €132,815 | €152,995 | +€20,180 | +15.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €122,833 | €140,595 | +€17,762 | +14.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €120,973 | €138,735 | +€17,762 | +14.7% |
| Profit (loss) carried forward | 14 | -€2,418 | - | +€2,418 | |
| Amounts payable | 17/49 | €230,733 | €159,146 | -€71,587 | -31.0% |
| Amounts payable after more than one year | 17 | €145,122 | €134,101 | -€11,020 | -7.6% |
| Other amounts payable | 178/9 | €145,122 | €134,101 | -€11,020 | -7.6% |
| Amounts payable within one year | 42/48 | €85,612 | €25,045 | -€60,567 | -70.7% |
| Trade debts | 44 | €79,310 | €9,064 | -€70,245 | -88.6% |
| Suppliers | 440/4 | €79,310 | €9,064 | -€70,245 | -88.6% |
| Taxes, remuneration and social security | 45 | €6,302 | €8,003 | +€1,701 | +27.0% |
| Taxes | 450/3 | €6,302 | €8,003 | +€1,701 | +27.0% |
| Other amounts payable | 47/48 | - | €7,978 | +€7,978 | |
| Non-recurring operating income | 76A | €3,417 | - | -€3,417 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,721 | €23,433 | +€4,712 | +25.2% |
| Other operating charges | 640/8 | €6,619 | €3,643 | -€2,976 | -45.0% |
| Non-recurring operating charges | 66A | - | €4,149 | +€4,149 | |
| Gross operating margin | 9900 | €27,127 | €64,433 | +€37,306 | +138% |
| Operating profit (loss) | 9901 | €1,786 | €33,208 | +€31,421 | +1,759% |
| Financial charges | 65/66B | €1,130 | €1,511 | +€381 | +33.7% |
| Recurring financial charges | 65 | €1,130 | €1,511 | +€381 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €656 | €31,697 | +€31,041 | +4,731% |
| Income taxes | 67/77 | €3,074 | €11,517 | +€8,443 | +275% |
| Profit (loss) for the period | 9904 | -€2,418 | €20,180 | +€22,597 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,418 | €20,180 | +€22,597 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.