M.A.: 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.
M.A.
Largest movements
- Cash +€7,424
up €7,424 (+255.7%), from €2,903 to €10,328
mainly Net result for the year (+€9,127) and Tax, wage and social debts (+€8,852)
- Tangible fixed assets -€4,050
down €4,050 (-27.4%), from €14,784 to €10,734
- Receivables within one year -€1,089
down €1,089 (-66.6%), from €1,635 to €546
- Financial fixed assets +€950
up €950 (+284.3%), from €334 to €1,284
- Other debts -€15,000
down €15,000 (-98.6%), from €15,208 to €208
- Profit (loss) carried forward +€9,127
up €9,127 (+221.6%), from €4,119 to €13,246
- Tax, wage and social debts +€8,852
new in 2025: €8,852
of which Remuneration and social security: +€8,346
- Trade debts +€465
up €465 (+140.9%), from €330 to €795
- Turnover +€66,113
up €66,113 (+228.0%), from €28,991 to €95,104
- Gross operating margin +€54,536
up €54,536, from -€677 to €53,859
- Staff costs +€38,228
up €38,228 (+21356.7%), from €179 to €38,407
- Purchases and services +€11,577
up €11,577 (+39.0%), from €29,667 to €41,245
- Financial income -€2,047
no longer reported in 2025 (was €2,047)
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 | €19,657 | €23,101 | +€3,444 | +17.5% |
| Fixed assets | 21/28 | €15,118 | €12,018 | -€3,100 | -20.5% |
| Tangible fixed assets | 22/27 | €14,784 | €10,734 | -€4,050 | -27.4% |
| Furniture and vehicles | 24 | €14,784 | €10,734 | -€4,050 | -27.4% |
| Financial fixed assets | 28 | €334 | €1,284 | +€950 | +284.3% |
| Current assets | 29/58 | €4,539 | €11,083 | +€6,544 | +144.2% |
| Amounts receivable within one year | 40/41 | €1,635 | €546 | -€1,089 | -66.6% |
| Other amounts receivable | 41 | €1,635 | €546 | -€1,089 | -66.6% |
| Cash at bank and in hand | 54/58 | €2,903 | €10,328 | +€7,424 | +255.7% |
| Deferred charges and accrued income | 490/1 | - | €209 | +€209 | |
| Total equity and liabilities | 10/49 | €19,657 | €23,101 | +€3,444 | +17.5% |
| Equity | 10/15 | €4,119 | €13,246 | +€9,127 | +221.6% |
| Profit (loss) carried forward | 14 | €4,119 | €13,246 | +€9,127 | +221.6% |
| Amounts payable | 17/49 | €15,538 | €9,855 | -€5,683 | -36.6% |
| Amounts payable within one year | 42/48 | €15,538 | €9,855 | -€5,683 | -36.6% |
| Trade debts | 44 | €330 | €795 | +€465 | +140.9% |
| Suppliers | 440/4 | €330 | €795 | +€465 | +140.9% |
| Taxes, remuneration and social security | 45 | - | €8,852 | +€8,852 | |
| Taxes | 450/3 | - | €506 | +€506 | |
| Remuneration and social security | 454/9 | - | €8,346 | +€8,346 | |
| Other amounts payable | 47/48 | €15,208 | €208 | -€15,000 | -98.6% |
| Turnover | 70 | €28,991 | €95,104 | +€66,113 | +228.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €29,667 | €41,245 | +€11,577 | +39.0% |
| Remuneration, social security and pensions | 62 | €179 | €38,407 | +€38,228 | +21356.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,954 | €4,050 | +€1,097 | +37.1% |
| Other operating charges | 640/8 | €2,679 | €2,119 | -€560 | -20.9% |
| Gross operating margin | 9900 | -€677 | €53,859 | +€54,536 | |
| Operating profit (loss) | 9901 | -€6,488 | €9,282 | +€15,771 | |
| Financial income | 75/76B | €2,047 | - | -€2,047 | |
| Recurring financial income | 75 | €2,047 | - | -€2,047 | |
| Financial charges | 65/66B | €159 | €155 | -€3 | -2.0% |
| Recurring financial charges | 65 | €159 | €155 | -€3 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,600 | €9,127 | +€13,727 | |
| Profit (loss) for the period | 9904 | -€4,600 | €9,127 | +€13,727 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,600 | €9,127 | +€13,727 |
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 8 October 2026 via checked.be.