Santé Max: what changed
Two fiscal 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.
Santé Max
Largest movements
- Tangible fixed assets -€5,452
down €5,452 (-60.9%), from €8,950 to €3,497
- Cash +€4,987
up €4,987 (+23.5%), from €21,203 to €26,190
mainly Net result for the year (+€8,392) and Depreciation (+€5,452)
- Receivables within one year +€555
up €555 (+46.6%), from €1,189 to €1,744
- Reserves +€8,350
new in 2025: €8,350
- Profit (loss) carried forward -€7,958
down €7,958 (-70.2%), from €11,340 to €3,383
- Other debts +€3,658
up €3,658 (+27.9%), from €13,121 to €16,779
- Tax, wage and social debts -€3,065
down €3,065 (-78.6%), from €3,900 to €835
- Trade debts -€1,045
down €1,045 (-79.6%), from €1,314 to €268
- Gross operating margin +€1,603
up €1,603 (+9.6%), from €16,748 to €18,351
- Taxes +€970
up €970 (+29.3%), from €3,311 to €4,280
- Depreciation +€413
up €413 (+8.2%), from €5,040 to €5,452
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 | €32,675 | €32,615 | -€60 | -0.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €8,950 | €3,497 | -€5,452 | -60.9% |
| Tangible fixed assets | 22/27 | €8,950 | €3,497 | -€5,452 | -60.9% |
| Furniture and vehicles | 24 | €8,950 | €3,497 | -€5,452 | -60.9% |
| Current assets | 29/58 | €23,726 | €29,118 | +€5,392 | +22.7% |
| Amounts receivable within one year | 40/41 | €1,189 | €1,744 | +€555 | +46.6% |
| Other amounts receivable | 41 | €1,189 | €1,744 | +€555 | +46.6% |
| Cash at bank and in hand | 54/58 | €21,203 | €26,190 | +€4,987 | +23.5% |
| Deferred charges and accrued income | 490/1 | €1,333 | €1,184 | -€149 | -11.2% |
| Total equity and liabilities | 10/49 | €32,675 | €32,615 | -€60 | -0.2% |
| Equity | 10/15 | €14,340 | €14,733 | +€392 | +2.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €8,350 | +€8,350 | |
| Distributable reserves | 133 | - | €8,350 | +€8,350 | |
| Profit (loss) carried forward | 14 | €11,340 | €3,383 | -€7,958 | -70.2% |
| Amounts payable | 17/49 | €18,335 | €17,882 | -€453 | -2.5% |
| Amounts payable within one year | 42/48 | €18,335 | €17,882 | -€453 | -2.5% |
| Trade debts | 44 | €1,314 | €268 | -€1,045 | -79.6% |
| Suppliers | 440/4 | €1,314 | €268 | -€1,045 | -79.6% |
| Taxes, remuneration and social security | 45 | €3,900 | €835 | -€3,065 | -78.6% |
| Taxes | 450/3 | €3,900 | €835 | -€3,065 | -78.6% |
| Other amounts payable | 47/48 | €13,121 | €16,779 | +€3,658 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,040 | €5,452 | +€413 | +8.2% |
| Other operating charges | 640/8 | €223 | €184 | -€38 | -17.2% |
| Gross operating margin | 9900 | €16,748 | €18,351 | +€1,603 | +9.6% |
| Operating profit (loss) | 9901 | €11,486 | €12,714 | +€1,229 | +10.7% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €47 | €52 | +€5 | +11.2% |
| Recurring financial charges | 65 | €47 | €52 | +€5 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €11,439 | €12,673 | +€1,233 | +10.8% |
| Income taxes | 67/77 | €3,311 | €4,280 | +€970 | +29.3% |
| Profit (loss) for the period | 9904 | €8,129 | €8,392 | +€264 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,129 | €8,392 | +€264 | +3.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.