M A SOFTWARE TECHNOLOGIES: 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 SOFTWARE TECHNOLOGIES
Largest movements
- Current investments +€12,508
up €12,508 (+31.2%), from €40,094 to €52,601
- Receivables within one year -€6,599
down €6,599 (-34.1%), from €19,339 to €12,740
of which Other amounts receivable: -€6,491
- Cash -€4,413
down €4,413 (-49.2%), from €8,966 to €4,553
mainly Contributions, distributions and other (-€13,260) and Current investments (-€12,508)
- Deferred charges and accrued income +€4,368
up €4,368 (+1048.7%), from €417 to €4,785
- Tangible fixed assets -€2,595
down €2,595 (-17.6%), from €14,723 to €12,128
- Contributions -€11,400
down €11,400 (-91.9%), from €12,400 to €1,000
- Reserves +€11,153
up €11,153 (+20.6%), from €54,075 to €65,228
of which Distributable reserves: +€11,153
- Trade debts +€5,360
up €5,360 (+505.2%), from €1,061 to €6,421
- Debts after one year -€3,118
down €3,118 (-56.8%), from €5,491 to €2,373
- Tax, wage and social debts +€1,074
up €1,074 (+14.4%), from €7,446 to €8,520
- Gross operating margin -€8,337
down €8,337 (-25.2%), from €33,047 to €24,709
- Taxes -€2,619
down €2,619 (-32.2%), from €8,136 to €5,517
- Depreciation +€980
up €980 (+22.9%), from €4,285 to €5,264
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 | €83,539 | €86,807 | +€3,268 | +3.9% |
| Fixed assets | 21/28 | €14,723 | €12,128 | -€2,595 | -17.6% |
| Tangible fixed assets | 22/27 | €14,723 | €12,128 | -€2,595 | -17.6% |
| Furniture and vehicles | 24 | €14,723 | €12,128 | -€2,595 | -17.6% |
| Current assets | 29/58 | €68,816 | €74,679 | +€5,863 | +8.5% |
| Amounts receivable within one year | 40/41 | €19,339 | €12,740 | -€6,599 | -34.1% |
| Trade receivables | 40 | €10,048 | €9,940 | -€108 | -1.1% |
| Other amounts receivable | 41 | €9,291 | €2,800 | -€6,491 | -69.9% |
| Current investments | 50/53 | €40,094 | €52,601 | +€12,508 | +31.2% |
| Cash at bank and in hand | 54/58 | €8,966 | €4,553 | -€4,413 | -49.2% |
| Deferred charges and accrued income | 490/1 | €417 | €4,785 | +€4,368 | +1048.7% |
| Total equity and liabilities | 10/49 | €83,539 | €86,807 | +€3,268 | +3.9% |
| Equity | 10/15 | €66,475 | €66,228 | -€247 | -0.4% |
| Contributions | 10/11 | €12,400 | €1,000 | -€11,400 | -91.9% |
| Reserves | 13 | €54,075 | €65,228 | +€11,153 | +20.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €54,075 | €65,228 | +€11,153 | +20.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €17,064 | €20,579 | +€3,515 | +20.6% |
| Amounts payable after more than one year | 17 | €5,491 | €2,373 | -€3,118 | -56.8% |
| Financial debts | 170/4 | €5,491 | €2,373 | -€3,118 | -56.8% |
| Amounts payable within one year | 42/48 | €11,573 | €18,206 | +€6,633 | +57.3% |
| Current portion of amounts payable after more than one year | 42 | €3,066 | €3,118 | +€52 | +1.7% |
| Trade debts | 44 | €1,061 | €6,421 | +€5,360 | +505.2% |
| Suppliers | 440/4 | €1,061 | €6,421 | +€5,360 | +505.2% |
| Taxes, remuneration and social security | 45 | €7,446 | €8,520 | +€1,074 | +14.4% |
| Taxes | 450/3 | €7,446 | €8,520 | +€1,074 | +14.4% |
| Other amounts payable | 47/48 | €0 | €147 | +€147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,285 | €5,264 | +€980 | +22.9% |
| Other operating charges | 640/8 | €839 | €906 | +€68 | +8.1% |
| Gross operating margin | 9900 | €33,047 | €24,709 | -€8,337 | -25.2% |
| Operating profit (loss) | 9901 | €27,923 | €18,539 | -€9,384 | -33.6% |
| Financial income | 75/76B | €364 | €245 | -€119 | -32.7% |
| Recurring financial income | 75 | €364 | €245 | -€119 | -32.7% |
| Financial charges | 65/66B | €341 | €254 | -€87 | -25.5% |
| Recurring financial charges | 65 | €341 | €254 | -€87 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €27,946 | €18,530 | -€9,416 | -33.7% |
| Income taxes | 67/77 | €8,136 | €5,517 | -€2,619 | -32.2% |
| Profit (loss) for the period | 9904 | €19,810 | €13,013 | -€6,797 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,810 | €13,013 | -€6,797 | -34.3% |
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 12 October 2026 via checked.be.