M&A AUTO’S: 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.
M&A AUTO’S
Largest movements
- Cash -€36,244
down €36,244 (-78.4%), from €46,255 to €10,011
mainly Current portion of long-term debt (-€81,495) and Debts after one year (-€73,423)
- Tangible fixed assets -€31,328
down €31,328 (-13.0%), from €240,992 to €209,664
of which Leasing and similar rights: -€20,656
- Receivables within one year +€8,146
up €8,146 (+8.4%), from €96,885 to €105,031
of which Trade receivables: +€8,146
- Other debts +€83,979
up €83,979 (+107%), from €78,431 to €162,411
- Current portion of long-term debt -€81,495
down €81,495 (-60.4%), from €134,918 to €53,423
- Debts after one year -€73,423
down €73,423 (-61.4%), from €119,646 to €46,222
of which Financial debts: -€53,423
- Profit (loss) carried forward -€54,668
down €54,668 (-99.1%), from -€55,142 to -€109,809
- Trade debts +€49,593
up €49,593 (+30.1%), from €164,499 to €214,092
- Gross operating margin +€57,045
up €57,045 (+606%), from €9,419 to €66,464
- Staff costs +€33,023
up €33,023 (+111%), from €29,859 to €62,882
- Depreciation +€10,359
up €10,359 (+38.5%), from €26,877 to €37,236
- Financial charges +€7,597
up €7,597 (+119%), from €6,361 to €13,957
- Taxes +€939
new in 2025: €939
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 | €451,523 | €391,098 | -€60,425 | -13.4% |
| Fixed assets | 21/28 | €262,769 | €228,024 | -€34,745 | -13.2% |
| Intangible fixed assets | 21 | €21,777 | €18,360 | -€3,418 | -15.7% |
| Tangible fixed assets | 22/27 | €240,992 | €209,664 | -€31,328 | -13.0% |
| Plant, machinery and equipment | 23 | €3,996 | €4,251 | +€255 | +6.4% |
| Furniture and vehicles | 24 | €43,342 | €31,972 | -€11,370 | -26.2% |
| Leasing and similar rights | 25 | €185,556 | €164,899 | -€20,656 | -11.1% |
| Other tangible fixed assets | 26 | €8,098 | €8,541 | +€443 | +5.5% |
| Current assets | 29/58 | €188,754 | €163,075 | -€25,680 | -13.6% |
| Stocks and contracts in progress | 3 | €42,000 | €45,000 | +€3,000 | +7.1% |
| Stocks | 30/36 | €42,000 | €45,000 | +€3,000 | +7.1% |
| Amounts receivable within one year | 40/41 | €96,885 | €105,031 | +€8,146 | +8.4% |
| Trade receivables | 40 | €95,885 | €104,031 | +€8,146 | +8.5% |
| Other amounts receivable | 41 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46,255 | €10,011 | -€36,244 | -78.4% |
| Deferred charges and accrued income | 490/1 | €3,615 | €3,033 | -€582 | -16.1% |
| Total equity and liabilities | 10/49 | €451,523 | €391,098 | -€60,425 | -13.4% |
| Equity | 10/15 | -€54,142 | -€108,809 | -€54,668 | -101% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,142 | -€109,809 | -€54,668 | -99.1% |
| Amounts payable | 17/49 | €505,665 | €499,907 | -€5,758 | -1.1% |
| Amounts payable after more than one year | 17 | €119,646 | €46,222 | -€73,423 | -61.4% |
| Financial debts | 170/4 | €79,646 | €26,222 | -€53,423 | -67.1% |
| Other amounts payable | 178/9 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Amounts payable within one year | 42/48 | €386,019 | €453,685 | +€67,666 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €134,918 | €53,423 | -€81,495 | -60.4% |
| Trade debts | 44 | €164,499 | €214,092 | +€49,593 | +30.1% |
| Suppliers | 440/4 | €164,499 | €214,092 | +€49,593 | +30.1% |
| Taxes, remuneration and social security | 45 | €8,170 | €23,758 | +€15,589 | +191% |
| Taxes | 450/3 | €1,925 | €14,030 | +€12,105 | +629% |
| Remuneration and social security | 454/9 | €6,245 | €9,728 | +€3,483 | +55.8% |
| Other amounts payable | 47/48 | €78,431 | €162,411 | +€83,979 | +107% |
| Non-recurring operating income | 76A | €10,969 | €4,281 | -€6,688 | -61.0% |
| Remuneration, social security and pensions | 62 | €29,859 | €62,882 | +€33,023 | +111% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,877 | €37,236 | +€10,359 | +38.5% |
| Other operating charges | 640/8 | €5,880 | €6,117 | +€237 | +4.0% |
| Gross operating margin | 9900 | €9,419 | €66,464 | +€57,045 | +606% |
| Operating profit (loss) | 9901 | -€53,196 | -€39,771 | +€13,426 | +25.2% |
| Financial charges | 65/66B | €6,361 | €13,957 | +€7,597 | +119% |
| Recurring financial charges | 65 | €6,361 | €13,957 | +€7,597 | +119% |
| Profit (loss) for the period before taxes | 9903 | -€59,557 | -€53,728 | +€5,829 | +9.8% |
| Income taxes | 67/77 | - | €939 | +€939 | |
| Profit (loss) for the period | 9904 | -€59,557 | -€54,668 | +€4,890 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,557 | -€54,668 | +€4,890 | +8.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.