M.A. SERVICES: 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. SERVICES
Largest movements
- Tangible fixed assets +€90,845
up €90,845 (+103%), from €88,200 to €179,045
of which Furniture and vehicles: +€89,210
- Receivables within one year -€33,259
down €33,259 (-9.6%), from €347,201 to €313,943
of which Trade receivables: -€31,720
- Cash +€26,529
up €26,529 (+7.1%), from €372,151 to €398,680
mainly Tax, wage and social debts (+€61,804) and Receivables within one year (+€33,259)
- Tax, wage and social debts +€61,804
up €61,804 (+26.3%), from €234,626 to €296,430
of which Taxes: +€34,308
- Trade debts +€17,615
up €17,615 (+61.1%), from €28,822 to €46,437
- Other debts -€15,886
no longer reported in 2025 (was €15,886)
- Profit (loss) carried forward +€15,354
up €15,354 (+6.9%), from -€223,880 to -€208,525
- Turnover -€105,647
down €105,647 (-5.8%), from €1.8m to €1.7m
- Services and other goods +€75,998
up €75,998 (+16.0%), from €473,988 to €549,986
- Taxes -€45,687
down €45,687 (-67.7%), from €67,451 to €21,764
of which Taxes: -€45,648
- Staff costs +€23,010
up €23,010 (+2.1%), from €1.1m to €1.1m
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 | €863,379 | €939,342 | +€75,963 | +8.8% |
| Fixed assets | 21/28 | €110,275 | €201,120 | +€90,845 | +82.4% |
| Tangible fixed assets | 22/27 | €88,200 | €179,045 | +€90,845 | +103% |
| Plant, machinery and equipment | 23 | €7,648 | €9,283 | +€1,635 | +21.4% |
| Furniture and vehicles | 24 | €80,552 | €169,762 | +€89,210 | +111% |
| Financial fixed assets | 28 | €22,075 | €22,075 | = | 0.0% |
| Other financial fixed assets | 284/8 | €22,075 | €22,075 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €22,075 | €22,075 | = | 0.0% |
| Current assets | 29/58 | €753,104 | €738,222 | -€14,882 | -2.0% |
| Amounts receivable within one year | 40/41 | €347,201 | €313,943 | -€33,259 | -9.6% |
| Trade receivables | 40 | €343,270 | €311,550 | -€31,720 | -9.2% |
| Other amounts receivable | 41 | €3,931 | €2,393 | -€1,538 | -39.1% |
| Cash at bank and in hand | 54/58 | €372,151 | €398,680 | +€26,529 | +7.1% |
| Deferred charges and accrued income | 490/1 | €33,751 | €25,600 | -€8,151 | -24.2% |
| Total equity and liabilities | 10/49 | €863,379 | €939,342 | +€75,963 | +8.8% |
| Equity | 10/15 | -€173,880 | -€158,525 | +€15,354 | +8.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€223,880 | -€208,525 | +€15,354 | +6.9% |
| Amounts payable | 17/49 | €1,037,258 | €1,097,867 | +€60,609 | +5.8% |
| Amounts payable after more than one year | 17 | €755,000 | €755,000 | = | 0.0% |
| Financial debts | 170/4 | €755,000 | €755,000 | = | 0.0% |
| Other loans | 174 | €755,000 | €755,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €279,334 | €342,867 | +€63,533 | +22.7% |
| Trade debts | 44 | €28,822 | €46,437 | +€17,615 | +61.1% |
| Suppliers | 440/4 | €28,822 | €46,437 | +€17,615 | +61.1% |
| Taxes, remuneration and social security | 45 | €234,626 | €296,430 | +€61,804 | +26.3% |
| Taxes | 450/3 | €107,703 | €142,010 | +€34,308 | +31.9% |
| Remuneration and social security | 454/9 | €126,923 | €154,420 | +€27,497 | +21.7% |
| Other amounts payable | 47/48 | €15,886 | - | -€15,886 | |
| Accrued charges and deferred income | 492/3 | €2,924 | - | -€2,924 | |
| Operating income | 70/76A | €1,859,213 | €1,745,845 | -€113,369 | -6.1% |
| Turnover | 70 | €1,833,151 | €1,727,504 | -€105,647 | -5.8% |
| Other operating income | 74 | €26,063 | €18,341 | -€7,722 | -29.6% |
| Operating charges | 60/66A | €1,598,999 | €1,706,205 | +€107,206 | +6.7% |
| Services and other goods | 61 | €473,988 | €549,986 | +€75,998 | +16.0% |
| Remuneration, social security and pensions | 62 | €1,105,358 | €1,128,368 | +€23,010 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,040 | €20,243 | +€4,202 | +26.2% |
| Other operating charges | 640/8 | €3,612 | €2,362 | -€1,250 | -34.6% |
| Non-recurring operating charges | 66A | - | €5,246 | +€5,246 | |
| Operating profit (loss) | 9901 | €260,214 | €39,640 | -€220,575 | -84.8% |
| Financial income | 75/76B | €121 | €79 | -€42 | -35.0% |
| Recurring financial income | 75 | €121 | €79 | -€42 | -35.0% |
| Other financial income | 752/9 | €121 | €79 | -€42 | -35.0% |
| Financial charges | 65/66B | €4,441 | €2,600 | -€1,841 | -41.4% |
| Recurring financial charges | 65 | €4,441 | €2,600 | -€1,841 | -41.4% |
| Debt charges | 650 | €3,847 | €2,017 | -€1,830 | -47.6% |
| Other financial charges | 652/9 | €593 | €583 | -€11 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €255,895 | €37,118 | -€218,776 | -85.5% |
| Income taxes | 67/77 | €67,451 | €21,764 | -€45,687 | -67.7% |
| Taxes | 670/3 | €67,451 | €21,803 | -€45,648 | -67.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €39 | +€39 | |
| Profit (loss) for the period | 9904 | €188,444 | €15,354 | -€173,089 | -91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €188,444 | €15,354 | -€173,089 | -91.9% |
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 14 October 2026 via checked.be.