ZOFF by Max: 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.
ZOFF by Max
Largest movements
- Tangible fixed assets -€61,352
down €61,352 (-7.1%), from €863,317 to €801,965
of which Land and buildings: -€42,927
- Receivables within one year +€34,117
up €34,117 (+123%), from €27,633 to €61,750
of which Other amounts receivable: +€35,939
- Debts after one year -€80,759
down €80,759 (-10.5%), from €767,326 to €686,566
- Reserves +€49,065
up €49,065 (+12.2%), from €400,588 to €449,653
of which Distributable reserves: +€49,065
- Short-term financial debts -€16,724
no longer reported in 2025 (was €16,724)
- Gross operating margin -€43,474
down €43,474 (-6.0%), from €729,171 to €685,697
- Taxes -€19,758
down €19,758 (-45.2%), from €43,668 to €23,910
- Staff costs +€13,610
up €13,610 (+2.7%), from €500,246 to €513,856
- Other operating charges +€8,125
up €8,125 (+262%), from €3,097 to €11,222
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 | €1,464,896 | €1,425,865 | -€39,030 | -2.7% |
| Fixed assets | 21/28 | €863,317 | €801,965 | -€61,352 | -7.1% |
| Tangible fixed assets | 22/27 | €863,317 | €801,965 | -€61,352 | -7.1% |
| Land and buildings | 22 | €791,588 | €748,661 | -€42,927 | -5.4% |
| Plant, machinery and equipment | 23 | €68,186 | €51,655 | -€16,531 | -24.2% |
| Furniture and vehicles | 24 | €2,433 | €1,649 | -€784 | -32.2% |
| Other tangible fixed assets | 26 | €1,110 | - | -€1,110 | |
| Current assets | 29/58 | €601,579 | €623,900 | +€22,321 | +3.7% |
| Amounts receivable after more than one year | 29 | €185,000 | €185,000 | = | 0.0% |
| Other amounts receivable | 291 | €185,000 | €185,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €26,460 | €25,536 | -€924 | -3.5% |
| Stocks | 30/36 | €26,460 | €25,536 | -€924 | -3.5% |
| Amounts receivable within one year | 40/41 | €27,633 | €61,750 | +€34,117 | +123% |
| Trade receivables | 40 | €2,748 | €925 | -€1,822 | -66.3% |
| Other amounts receivable | 41 | €24,886 | €60,825 | +€35,939 | +144% |
| Cash at bank and in hand | 54/58 | €280,711 | €272,903 | -€7,808 | -2.8% |
| Deferred charges and accrued income | 490/1 | €81,775 | €78,711 | -€3,064 | -3.7% |
| Total equity and liabilities | 10/49 | €1,464,896 | €1,425,865 | -€39,030 | -2.7% |
| Equity | 10/15 | €419,188 | €468,253 | +€49,065 | +11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €400,588 | €449,653 | +€49,065 | +12.2% |
| 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 | €398,728 | €447,793 | +€49,065 | +12.3% |
| Amounts payable | 17/49 | €1,045,708 | €957,612 | -€88,096 | -8.4% |
| Amounts payable after more than one year | 17 | €767,326 | €686,566 | -€80,759 | -10.5% |
| Financial debts | 170/4 | €767,326 | €686,566 | -€80,759 | -10.5% |
| Amounts payable within one year | 42/48 | €278,382 | €271,046 | -€7,336 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €79,057 | €80,759 | +€1,702 | +2.2% |
| Financial debts | 43 | €16,724 | - | -€16,724 | |
| Credit institutions | 430/8 | €16,724 | - | -€16,724 | |
| Trade debts | 44 | €96,538 | €94,713 | -€1,826 | -1.9% |
| Suppliers | 440/4 | €96,538 | €94,713 | -€1,826 | -1.9% |
| Taxes, remuneration and social security | 45 | €86,062 | €95,574 | +€9,512 | +11.1% |
| Taxes | 450/3 | €28,769 | €35,590 | +€6,821 | +23.7% |
| Remuneration and social security | 454/9 | €57,293 | €59,984 | +€2,691 | +4.7% |
| Non-recurring operating income | 76A | €5,279 | €4,443 | -€836 | -15.8% |
| Remuneration, social security and pensions | 62 | €500,246 | €513,856 | +€13,610 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,872 | €66,563 | -€4,309 | -6.1% |
| Other operating charges | 640/8 | €3,097 | €11,222 | +€8,125 | +262% |
| Gross operating margin | 9900 | €729,171 | €685,697 | -€43,474 | -6.0% |
| Operating profit (loss) | 9901 | €154,957 | €94,056 | -€60,901 | -39.3% |
| Financial income | 75/76B | €4,617 | €4,459 | -€158 | -3.4% |
| Recurring financial income | 75 | €4,617 | €4,459 | -€158 | -3.4% |
| Financial charges | 65/66B | €26,852 | €25,539 | -€1,313 | -4.9% |
| Recurring financial charges | 65 | €26,852 | €25,539 | -€1,313 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €132,721 | €72,976 | -€59,745 | -45.0% |
| Income taxes | 67/77 | €43,668 | €23,910 | -€19,758 | -45.2% |
| Profit (loss) for the period | 9904 | €89,053 | €49,065 | -€39,988 | -44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €89,053 | €49,065 | -€39,988 | -44.9% |
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 13 October 2026 via checked.be.