M2A Management: 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.
M2A Management
Largest movements
- Receivables within one year +€19,932
up €19,932 (+2,244%), from €888 to €20,820
of which Trade receivables: +€18,957
- Cash -€7,305
down €7,305 (-23.1%), from €31,620 to €24,315
mainly Receivables within one year (-€19,932) and Trade debts (-€3,745)
- Profit (loss) carried forward +€11,249
up €11,249 (+329%), from €3,415 to €14,664
- Tax, wage and social debts +€4,419
up €4,419 (+50.9%), from €8,690 to €13,109
- Trade debts -€3,745
down €3,745 (-59.7%), from €6,278 to €2,533
- Other debts +€1,204
up €1,204 (+7.1%), from €17,000 to €18,204
- Gross operating margin +€2,124
up €2,124 (+13.8%), from €15,378 to €17,502
- Financial charges +€1,199
up €1,199 (+1,659%), from €72 to €1,271
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 | €36,382 | €49,509 | +€13,127 | +36.1% |
| Fixed assets | 21/28 | €834 | €1,177 | +€343 | +41.1% |
| Tangible fixed assets | 22/27 | €834 | €1,177 | +€343 | +41.1% |
| Furniture and vehicles | 24 | €834 | €1,177 | +€343 | +41.1% |
| Current assets | 29/58 | €35,548 | €48,332 | +€12,784 | +36.0% |
| Amounts receivable within one year | 40/41 | €888 | €20,820 | +€19,932 | +2,244% |
| Trade receivables | 40 | - | €18,957 | +€18,957 | |
| Other amounts receivable | 41 | €888 | €1,864 | +€975 | +110% |
| Cash at bank and in hand | 54/58 | €31,620 | €24,315 | -€7,305 | -23.1% |
| Deferred charges and accrued income | 490/1 | €3,040 | €3,197 | +€157 | +5.2% |
| Total equity and liabilities | 10/49 | €36,382 | €49,509 | +€13,127 | +36.1% |
| Equity | 10/15 | €4,415 | €15,664 | +€11,249 | +255% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,415 | €14,664 | +€11,249 | +329% |
| Amounts payable | 17/49 | €31,968 | €33,845 | +€1,878 | +5.9% |
| Amounts payable within one year | 42/48 | €31,968 | €33,845 | +€1,878 | +5.9% |
| Trade debts | 44 | €6,278 | €2,533 | -€3,745 | -59.7% |
| Suppliers | 440/4 | €6,278 | €2,533 | -€3,745 | -59.7% |
| Taxes, remuneration and social security | 45 | €8,690 | €13,109 | +€4,419 | +50.9% |
| Taxes | 450/3 | €8,690 | €13,109 | +€4,419 | +50.9% |
| Other amounts payable | 47/48 | €17,000 | €18,204 | +€1,204 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370 | €423 | +€53 | +14.3% |
| Other operating charges | 640/8 | €605 | €623 | +€18 | +2.9% |
| Gross operating margin | 9900 | €15,378 | €17,502 | +€2,124 | +13.8% |
| Operating profit (loss) | 9901 | €14,402 | €16,456 | +€2,054 | +14.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €72 | €1,271 | +€1,199 | +1,659% |
| Recurring financial charges | 65 | €72 | €1,271 | +€1,199 | +1,659% |
| Profit (loss) for the period before taxes | 9903 | €14,330 | €15,185 | +€855 | +6.0% |
| Income taxes | 67/77 | €3,812 | €3,936 | +€125 | +3.3% |
| Profit (loss) for the period | 9904 | €10,518 | €11,249 | +€731 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,518 | €11,249 | +€731 | +6.9% |
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 13 October 2026 via checked.be.