M.A. GOLF CONSULTING: what changed
M.A. GOLF CONSULTING
Largest movements
- Receivables within one year -€41,123
down €41,123 (-78.5%), from €52,400 to €11,277
of which Other amounts receivable: -€32,633
- Tangible fixed assets -€700
down €700 (-40.1%), from €1,744 to €1,044
- Cash -€693
down €693 (-43.0%), from €1,611 to €918
mainly Tax, wage and social debts (-€18,757) and Net result for the year (-€14,036)
- Tax, wage and social debts -€18,757
down €18,757 (-37.6%), from €49,921 to €31,163
- Profit (loss) carried forward -€14,036
down €14,036 (-70.1%), from -€20,022 to -€34,058
- Advances received -€9,000
no longer reported in 2025 (was €9,000)
- Accrued charges and deferred income -€2,213
down €2,213 (-78.8%), from €2,810 to €596
- Trade debts +€1,491
up €1,491 (+13.5%), from €11,046 to €12,537
- Gross operating margin -€7,724
down €7,724, from €821 to -€6,903
- Taxes -€2,349
down €2,349 (-87.5%), from €2,685 to €336
- Financial charges +€1,789
up €1,789 (+181%), from €987 to €2,776
- Other operating charges +€574
up €574 (+148%), from €387 to €961
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,755 | €13,239 | -€42,516 | -76.3% |
| Fixed assets | 21/28 | €1,744 | €1,044 | -€700 | -40.1% |
| Tangible fixed assets | 22/27 | €1,744 | €1,044 | -€700 | -40.1% |
| Furniture and vehicles | 24 | €1,744 | €1,044 | -€700 | -40.1% |
| Current assets | 29/58 | €54,011 | €12,195 | -€41,816 | -77.4% |
| Amounts receivable within one year | 40/41 | €52,400 | €11,277 | -€41,123 | -78.5% |
| Trade receivables | 40 | €8,932 | €442 | -€8,490 | -95.1% |
| Other amounts receivable | 41 | €43,468 | €10,835 | -€32,633 | -75.1% |
| Cash at bank and in hand | 54/58 | €1,611 | €918 | -€693 | -43.0% |
| Total equity and liabilities | 10/49 | €55,755 | €13,239 | -€42,516 | -76.3% |
| Equity | 10/15 | -€17,022 | -€31,058 | -€14,036 | -82.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,022 | -€34,058 | -€14,036 | -70.1% |
| Amounts payable | 17/49 | €72,776 | €44,296 | -€28,480 | -39.1% |
| Amounts payable within one year | 42/48 | €69,967 | €43,700 | -€26,267 | -37.5% |
| Trade debts | 44 | €11,046 | €12,537 | +€1,491 | +13.5% |
| Suppliers | 440/4 | €11,046 | €12,537 | +€1,491 | +13.5% |
| Advances received on contracts in progress | 46 | €9,000 | - | -€9,000 | |
| Taxes, remuneration and social security | 45 | €49,921 | €31,163 | -€18,757 | -37.6% |
| Taxes | 450/3 | €49,921 | €31,163 | -€18,757 | -37.6% |
| Accrued charges and deferred income | 492/3 | €2,810 | €596 | -€2,213 | -78.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €700 | €700 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €961 | +€574 | +148% |
| Non-recurring operating charges | 66A | €3,803 | €2,360 | -€1,443 | -37.9% |
| Gross operating margin | 9900 | €821 | -€6,903 | -€7,724 | |
| Operating profit (loss) | 9901 | -€4,069 | -€10,924 | -€6,855 | -168% |
| Financial charges | 65/66B | €987 | €2,776 | +€1,789 | +181% |
| Recurring financial charges | 65 | €987 | €2,776 | +€1,789 | +181% |
| Profit (loss) for the period before taxes | 9903 | -€5,056 | -€13,700 | -€8,644 | -171% |
| Income taxes | 67/77 | €2,685 | €336 | -€2,349 | -87.5% |
| Profit (loss) for the period | 9904 | -€7,741 | -€14,036 | -€6,295 | -81.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,741 | -€14,036 | -€6,295 | -81.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.