M.A GESTION: 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 GESTION
Largest movements
- Tangible fixed assets +€49,976
up €49,976 (+70.4%), from €70,979 to €120,955
of which Furniture and vehicles: +€59,271
- Cash -€31,844
down €31,844 (-86.7%), from €36,729 to €4,885
mainly Investment in fixed assets (net) (-€80,702) and Other debts (-€27,564)
- Receivables within one year +€8,819
up €8,819 (+27.0%), from €32,632 to €41,451
of which Trade receivables: +€4,891
- Debts after one year +€45,826
up €45,826 (+90.6%), from €50,553 to €96,379
- Other debts -€27,564
down €27,564 (-75.9%), from €36,294 to €8,730
- Current portion of long-term debt +€17,361
up €17,361 (+125%), from €13,944 to €31,306
- Tax, wage and social debts -€6,342
down €6,342 (-40.6%), from €15,617 to €9,274
of which Taxes: -€3,979
- Profit (loss) carried forward -€4,784
down €4,784 (-93.7%), from €5,107 to €322
- Depreciation +€6,929
up €6,929 (+29.1%), from €23,797 to €30,726
- Staff costs +€6,473
up €6,473 (+19.2%), from €33,752 to €40,226
- Other operating charges -€3,375
down €3,375 (-46.8%), from €7,208 to €3,832
- Taxes -€2,565
down €2,565 (-50.5%), from €5,079 to €2,514
- Financial charges +€1,288
up €1,288 (+43.7%), from €2,944 to €4,231
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 | €140,507 | €167,458 | +€26,951 | +19.2% |
| Fixed assets | 21/28 | €71,146 | €121,122 | +€49,976 | +70.2% |
| Tangible fixed assets | 22/27 | €70,979 | €120,955 | +€49,976 | +70.4% |
| Plant, machinery and equipment | 23 | €12,156 | €2,861 | -€9,295 | -76.5% |
| Furniture and vehicles | 24 | €58,823 | €118,095 | +€59,271 | +101% |
| Financial fixed assets | 28 | €167 | €167 | = | 0.0% |
| Current assets | 29/58 | €69,361 | €46,336 | -€23,025 | -33.2% |
| Amounts receivable within one year | 40/41 | €32,632 | €41,451 | +€8,819 | +27.0% |
| Trade receivables | 40 | €32,632 | €37,522 | +€4,891 | +15.0% |
| Other amounts receivable | 41 | - | €3,929 | +€3,929 | |
| Cash at bank and in hand | 54/58 | €36,729 | €4,885 | -€31,844 | -86.7% |
| Total equity and liabilities | 10/49 | €140,507 | €167,458 | +€26,951 | +19.2% |
| Equity | 10/15 | €24,099 | €19,314 | -€4,784 | -19.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €392 | €392 | = | 0.0% |
| Distributable reserves | 133 | €392 | €392 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,107 | €322 | -€4,784 | -93.7% |
| Amounts payable | 17/49 | €116,408 | €148,144 | +€31,735 | +27.3% |
| Amounts payable after more than one year | 17 | €50,553 | €96,379 | +€45,826 | +90.6% |
| Financial debts | 170/4 | €50,553 | €96,379 | +€45,826 | +90.6% |
| Amounts payable within one year | 42/48 | €65,855 | €51,765 | -€14,091 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €13,944 | €31,306 | +€17,361 | +125% |
| Trade debts | 44 | - | €2,454 | +€2,454 | |
| Suppliers | 440/4 | - | €2,454 | +€2,454 | |
| Taxes, remuneration and social security | 45 | €15,617 | €9,274 | -€6,342 | -40.6% |
| Taxes | 450/3 | €9,291 | €5,311 | -€3,979 | -42.8% |
| Remuneration and social security | 454/9 | €6,326 | €3,963 | -€2,363 | -37.4% |
| Other amounts payable | 47/48 | €36,294 | €8,730 | -€27,564 | -75.9% |
| Remuneration, social security and pensions | 62 | €33,752 | €40,226 | +€6,473 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,797 | €30,726 | +€6,929 | +29.1% |
| Other operating charges | 640/8 | €7,208 | €3,832 | -€3,375 | -46.8% |
| Gross operating margin | 9900 | €91,580 | €91,746 | +€166 | +0.2% |
| Operating profit (loss) | 9901 | €26,823 | €16,962 | -€9,862 | -36.8% |
| Financial charges | 65/66B | €2,944 | €4,231 | +€1,288 | +43.7% |
| Recurring financial charges | 65 | €2,944 | €4,231 | +€1,288 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | €23,879 | €12,730 | -€11,149 | -46.7% |
| Income taxes | 67/77 | €5,079 | €2,514 | -€2,565 | -50.5% |
| Profit (loss) for the period | 9904 | €18,800 | €10,216 | -€8,584 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,800 | €10,216 | -€8,584 | -45.7% |
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 19 October 2026 via checked.be.