NowMax: 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.
NowMax
Largest movements
- Intangible fixed assets -€42,874
down €42,874 (-19.3%), from €222,699 to €179,825
- Cash +€10,041
up €10,041 (+26.7%), from €37,640 to €47,681
mainly Depreciation (+€45,352) and Receivables within one year (+€7,977)
- Receivables within one year -€7,977
down €7,977 (-27.7%), from €28,847 to €20,870
of which Trade receivables: -€8,081
- Profit (loss) carried forward -€22,008
down €22,008 (-51.3%), from -€42,870 to -€64,878
- Trade debts -€21,612
down €21,612 (-26.1%), from €82,669 to €61,056
- Depreciation +€44,404
up €44,404 (+4683.3%), from €948 to €45,352
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €294,207 | €252,521 | -€41,686 | -14.2% |
| Fixed assets | 21/28 | €224,273 | €180,571 | -€43,702 | -19.5% |
| Intangible fixed assets | 21 | €222,699 | €179,825 | -€42,874 | -19.3% |
| Tangible fixed assets | 22/27 | €1,574 | €745 | -€829 | -52.7% |
| Plant, machinery and equipment | 23 | €1,574 | €745 | -€829 | -52.7% |
| Current assets | 29/58 | €69,934 | €71,951 | +€2,016 | +2.9% |
| Amounts receivable within one year | 40/41 | €28,847 | €20,870 | -€7,977 | -27.7% |
| Trade receivables | 40 | €28,841 | €20,760 | -€8,081 | -28.0% |
| Other amounts receivable | 41 | €6 | €110 | +€104 | +1758.1% |
| Cash at bank and in hand | 54/58 | €37,640 | €47,681 | +€10,041 | +26.7% |
| Deferred charges and accrued income | 490/1 | €3,447 | €3,400 | -€47 | -1.4% |
| Total equity and liabilities | 10/49 | €294,207 | €252,521 | -€41,686 | -14.2% |
| Equity | 10/15 | €91,697 | €69,689 | -€22,008 | -24.0% |
| Contributions | 10/11 | €134,567 | €134,567 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,870 | -€64,878 | -€22,008 | -51.3% |
| Amounts payable | 17/49 | €202,510 | €182,832 | -€19,678 | -9.7% |
| Amounts payable after more than one year | 17 | €85,000 | €85,000 | = | 0.0% |
| Financial debts | 170/4 | €85,000 | €85,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €116,253 | €96,627 | -€19,625 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €82,669 | €61,056 | -€21,612 | -26.1% |
| Suppliers | 440/4 | €82,669 | €61,056 | -€21,612 | -26.1% |
| Taxes, remuneration and social security | 45 | €33,584 | €35,571 | +€1,987 | +5.9% |
| Taxes | 450/3 | €1,504 | €3,254 | +€1,750 | +116.4% |
| Remuneration and social security | 454/9 | €32,080 | €32,317 | +€237 | +0.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,257 | €1,205 | -€52 | -4.2% |
| Remuneration, social security and pensions | 62 | €179,122 | €178,906 | -€216 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €948 | €45,352 | +€44,404 | +4683.3% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €204,740 | €205,175 | +€435 | +0.2% |
| Operating profit (loss) | 9901 | €24,164 | -€19,604 | -€43,768 | |
| Financial income | 75/76B | €0 | €210 | +€210 | +1049950.0% |
| Recurring financial income | 75 | €0 | €210 | +€210 | +1049950.0% |
| Financial charges | 65/66B | €1,861 | €2,391 | +€531 | +28.5% |
| Recurring financial charges | 65 | €1,861 | €2,391 | +€531 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | €22,303 | -€21,785 | -€44,088 | |
| Income taxes | 67/77 | €219 | €223 | +€4 | +1.8% |
| Profit (loss) for the period | 9904 | €22,084 | -€22,008 | -€44,092 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,084 | -€22,008 | -€44,092 |
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 12 October 2026 via checked.be.