M.A. Solution: 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. Solution
Largest movements
- Tangible fixed assets +€83,710
up €83,710 (+8.0%), from €1.0m to €1.1m
of which Furniture and vehicles: +€58,787
- Cash +€75,706
up €75,706 (+109.8%), from €68,964 to €144,670
mainly Depreciation (+€134,943) and Net result for the year (+€70,070)
- Current investments +€19,250
up €19,250 (+275.0%), from €7,000 to €26,250
- Reserves +€70,000
up €70,000 (+9817.8%), from €713 to €70,713
- Tax, wage and social debts +€37,880
up €37,880 (+51.5%), from €73,598 to €111,478
of which Remuneration and social security: +€25,347
- Current portion of long-term debt +€31,273
up €31,273 (+78.4%), from €39,904 to €71,177
- Debts after one year +€25,259
up €25,259 (+2.7%), from €927,585 to €952,844
- Gross operating margin +€256,407
up €256,407 (+125.9%), from €203,609 to €460,016
- Financial charges +€71,700
up €71,700 (+328.9%), from €21,801 to €93,501
- Depreciation +€67,986
up €67,986 (+101.5%), from €66,957 to €134,943
- Staff costs +€60,451
up €60,451 (+111.3%), from €54,291 to €114,743
- Taxes +€25,756
up €25,756 (+142.3%), from €18,105 to €43,861
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,144,517 | €1,314,996 | +€170,479 | +14.9% |
| Fixed assets | 21/28 | €1,056,533 | €1,138,381 | +€81,847 | +7.7% |
| Intangible fixed assets | 21 | €8,106 | €6,244 | -€1,863 | -23.0% |
| Tangible fixed assets | 22/27 | €1,048,427 | €1,132,137 | +€83,710 | +8.0% |
| Land and buildings | 22 | €943,853 | €969,986 | +€26,134 | +2.8% |
| Plant, machinery and equipment | 23 | €31,754 | €30,544 | -€1,210 | -3.8% |
| Furniture and vehicles | 24 | €72,820 | €131,606 | +€58,787 | +80.7% |
| Current assets | 29/58 | €87,984 | €176,615 | +€88,631 | +100.7% |
| Amounts receivable within one year | 40/41 | €9,111 | €5,696 | -€3,415 | -37.5% |
| Trade receivables | 40 | €5,449 | €0 | -€5,449 | -100.0% |
| Other amounts receivable | 41 | €3,662 | €5,696 | +€2,034 | +55.5% |
| Current investments | 50/53 | €7,000 | €26,250 | +€19,250 | +275.0% |
| Cash at bank and in hand | 54/58 | €68,964 | €144,670 | +€75,706 | +109.8% |
| Deferred charges and accrued income | 490/1 | €2,909 | - | -€2,909 | |
| Total equity and liabilities | 10/49 | €1,144,517 | €1,314,996 | +€170,479 | +14.9% |
| Equity | 10/15 | €63,334 | €133,404 | +€70,070 | +110.6% |
| Reserves | 13 | €713 | €70,713 | +€70,000 | +9817.8% |
| Tax-exempt reserves | 132 | €713 | €70,713 | +€70,000 | +9817.8% |
| Profit (loss) carried forward | 14 | €62,621 | €62,691 | +€70 | +0.1% |
| Amounts payable | 17/49 | €1,081,184 | €1,181,592 | +€100,408 | +9.3% |
| Amounts payable after more than one year | 17 | €927,585 | €952,844 | +€25,259 | +2.7% |
| Financial debts | 170/4 | €927,585 | €952,844 | +€25,259 | +2.7% |
| Amounts payable within one year | 42/48 | €153,598 | €228,748 | +€75,149 | +48.9% |
| Current portion of amounts payable after more than one year | 42 | €39,904 | €71,177 | +€31,273 | +78.4% |
| Trade debts | 44 | €40,097 | €46,093 | +€5,996 | +15.0% |
| Suppliers | 440/4 | €39,503 | €20,782 | -€18,721 | -47.4% |
| Bills of exchange payable | 441 | €594 | €25,311 | +€24,717 | +4161.1% |
| Taxes, remuneration and social security | 45 | €73,598 | €111,478 | +€37,880 | +51.5% |
| Taxes | 450/3 | €58,515 | €71,048 | +€12,533 | +21.4% |
| Remuneration and social security | 454/9 | €15,083 | €40,430 | +€25,347 | +168.1% |
| Remuneration, social security and pensions | 62 | €54,291 | €114,743 | +€60,451 | +111.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,957 | €134,943 | +€67,986 | +101.5% |
| Other operating charges | 640/8 | €2,536 | €3,293 | +€757 | +29.9% |
| Non-recurring operating charges | 66A | €6,464 | - | -€6,464 | |
| Gross operating margin | 9900 | €203,609 | €460,016 | +€256,407 | +125.9% |
| Operating profit (loss) | 9901 | €73,360 | €207,037 | +€133,677 | +182.2% |
| Financial income | 75/76B | €378 | €395 | +€17 | +4.5% |
| Recurring financial income | 75 | €378 | €395 | +€17 | +4.5% |
| Financial charges | 65/66B | €21,801 | €93,501 | +€71,700 | +328.9% |
| Recurring financial charges | 65 | €21,801 | €93,501 | +€71,700 | +328.9% |
| Profit (loss) for the period before taxes | 9903 | €51,937 | €113,931 | +€61,994 | +119.4% |
| Income taxes | 67/77 | €18,105 | €43,861 | +€25,756 | +142.3% |
| Profit (loss) for the period | 9904 | €33,832 | €70,070 | +€36,239 | +107.1% |
| Transfer to tax-exempt reserves | 689 | €713 | - | -€713 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,119 | €70,070 | +€36,952 | +111.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.