M-AUTOMATION: what changed
Two fiscal 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-AUTOMATION
Largest movements
- Cash -€106,048
down €106,048 (-23.2%), from €457,193 to €351,145
mainly Contributions, distributions and other (-€370,000) and Other debts (-€134,010)
- Receivables within one year -€30,948
down €30,948 (-83.3%), from €37,159 to €6,211
of which Trade receivables: -€27,090
- Other debts -€134,010
down €134,010 (-20.1%), from €665,182 to €531,172
- Trade debts -€17,846
down €17,846 (-74.9%), from €23,830 to €5,984
- Tax, wage and social debts +€16,840
up €16,840 (+60.7%), from €27,756 to €44,596
of which Taxes: +€17,588
- Gross operating margin -€84,316
down €84,316 (-12.8%), from €658,745 to €574,429
- Purchases and services -€55,101
down €55,101 (-24.1%), from €228,635 to €173,534
- Other operating charges +€18,537
up €18,537 (+1872.4%), from €990 to €19,527
- Taxes -€15,751
down €15,751 (-10.7%), from €146,867 to €131,116
- Staff costs +€14,307
up €14,307 (+28.2%), from €50,772 to €65,079
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 | €882,703 | €746,514 | -€136,189 | -15.4% |
| Fixed assets | 21/28 | €383,141 | €382,925 | -€216 | -0.1% |
| Tangible fixed assets | 22/27 | €2,925 | €2,708 | -€217 | -7.4% |
| Furniture and vehicles | 24 | €2,045 | €1,901 | -€144 | -7.1% |
| Other tangible fixed assets | 26 | €880 | €807 | -€73 | -8.2% |
| Financial fixed assets | 28 | €380,216 | €380,216 | +€0 | 0.0% |
| Current assets | 29/58 | €499,562 | €363,589 | -€135,973 | -27.2% |
| Amounts receivable within one year | 40/41 | €37,159 | €6,211 | -€30,948 | -83.3% |
| Trade receivables | 40 | €27,883 | €793 | -€27,090 | -97.2% |
| Other amounts receivable | 41 | €9,276 | €5,418 | -€3,858 | -41.6% |
| Cash at bank and in hand | 54/58 | €457,193 | €351,145 | -€106,048 | -23.2% |
| Deferred charges and accrued income | 490/1 | €5,210 | €6,233 | +€1,023 | +19.6% |
| Total equity and liabilities | 10/49 | €882,703 | €746,514 | -€136,189 | -15.4% |
| Equity | 10/15 | €84,164 | €84,280 | +€116 | +0.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,664 | €1,780 | +€116 | +7.0% |
| Amounts payable | 17/49 | €798,539 | €662,234 | -€136,305 | -17.1% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Other amounts payable | 178/9 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €716,768 | €581,752 | -€135,016 | -18.8% |
| Trade debts | 44 | €23,830 | €5,984 | -€17,846 | -74.9% |
| Suppliers | 440/4 | €23,830 | €5,984 | -€17,846 | -74.9% |
| Taxes, remuneration and social security | 45 | €27,756 | €44,596 | +€16,840 | +60.7% |
| Taxes | 450/3 | €16,620 | €34,208 | +€17,588 | +105.8% |
| Remuneration and social security | 454/9 | €11,136 | €10,388 | -€748 | -6.7% |
| Other amounts payable | 47/48 | €665,182 | €531,172 | -€134,010 | -20.1% |
| Accrued charges and deferred income | 492/3 | €6,771 | €5,482 | -€1,289 | -19.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €228,635 | €173,534 | -€55,101 | -24.1% |
| Remuneration, social security and pensions | 62 | €50,772 | €65,079 | +€14,307 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,595 | €1,174 | -€1,421 | -54.8% |
| Other operating charges | 640/8 | €990 | €19,527 | +€18,537 | +1872.4% |
| Gross operating margin | 9900 | €658,745 | €574,429 | -€84,316 | -12.8% |
| Operating profit (loss) | 9901 | €604,388 | €488,649 | -€115,739 | -19.1% |
| Financial income | 75/76B | €19,271 | €18,076 | -€1,195 | -6.2% |
| Recurring financial income | 75 | €19,271 | €18,076 | -€1,195 | -6.2% |
| Financial charges | 65/66B | €6,346 | €5,493 | -€853 | -13.4% |
| Recurring financial charges | 65 | €6,346 | €5,493 | -€853 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €617,313 | €501,233 | -€116,080 | -18.8% |
| Income taxes | 67/77 | €146,867 | €131,116 | -€15,751 | -10.7% |
| Profit (loss) for the period | 9904 | €470,446 | €370,116 | -€100,330 | -21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €470,446 | €370,116 | -€100,330 | -21.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.