MA.ABD: 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.
MA.ABD
Largest movements
- Receivables within one year -€87,020
down €87,020 (-91.4%), from €95,157 to €8,137
of which Trade receivables: -€83,033
- Tangible fixed assets +€10,883
up €10,883 (+25.7%), from €42,293 to €53,176
of which Furniture and vehicles: +€21,315
- Financial fixed assets +€4,050
new in 2025: €4,050
- Cash +€1,685
up €1,685 (+21.2%), from €7,951 to €9,637
mainly Receivables within one year (+€87,020) and Depreciation (+€24,410)
- Trade debts -€91,375
down €91,375 (-99.3%), from €92,064 to €689
- Tax, wage and social debts +€13,551
up €13,551 (+204.9%), from €6,614 to €20,165
of which Remuneration and social security: +€18,418
- Other debts +€10,147
up €10,147 (+33.1%), from €30,643 to €40,790
- Profit (loss) carried forward -€2,174
down €2,174 (-50.8%), from €4,280 to €2,106
- Depreciation +€7,966
up €7,966 (+48.4%), from €16,444 to €24,410
- Staff costs +€6,281
up €6,281 (+89.2%), from €7,042 to €13,323
- Purchases and services -€6,020
down €6,020 (-1.6%), from €386,721 to €380,701
- Gross operating margin +€4,897
up €4,897 (+13.6%), from €36,139 to €41,036
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 | €148,602 | €78,750 | -€69,851 | -47.0% |
| Fixed assets | 21/28 | €42,293 | €57,226 | +€14,933 | +35.3% |
| Tangible fixed assets | 22/27 | €42,293 | €53,176 | +€10,883 | +25.7% |
| Plant, machinery and equipment | 23 | €24,999 | €14,567 | -€10,432 | -41.7% |
| Furniture and vehicles | 24 | €17,294 | €38,609 | +€21,315 | +123.3% |
| Financial fixed assets | 28 | - | €4,050 | +€4,050 | |
| Current assets | 29/58 | €106,309 | €21,524 | -€84,785 | -79.8% |
| Stocks and contracts in progress | 3 | €3,200 | €3,750 | +€550 | +17.2% |
| Stocks | 30/36 | €3,200 | €3,750 | +€550 | +17.2% |
| Amounts receivable within one year | 40/41 | €95,157 | €8,137 | -€87,020 | -91.4% |
| Trade receivables | 40 | €83,033 | - | -€83,033 | |
| Other amounts receivable | 41 | €12,124 | €8,137 | -€3,987 | -32.9% |
| Cash at bank and in hand | 54/58 | €7,951 | €9,637 | +€1,685 | +21.2% |
| Total equity and liabilities | 10/49 | €148,602 | €78,750 | -€69,851 | -47.0% |
| Equity | 10/15 | €19,280 | €17,106 | -€2,174 | -11.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Outside capital | 11 | €15,000 | €15,000 | = | 0.0% |
| Other | 1109/19 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,280 | €2,106 | -€2,174 | -50.8% |
| Amounts payable | 17/49 | €129,321 | €61,644 | -€67,677 | -52.3% |
| Amounts payable within one year | 42/48 | €129,321 | €61,644 | -€67,677 | -52.3% |
| Trade debts | 44 | €92,064 | €689 | -€91,375 | -99.3% |
| Suppliers | 440/4 | €92,064 | €689 | -€91,375 | -99.3% |
| Taxes, remuneration and social security | 45 | €6,614 | €20,165 | +€13,551 | +204.9% |
| Taxes | 450/3 | €6,279 | €1,413 | -€4,866 | -77.5% |
| Remuneration and social security | 454/9 | €335 | €18,753 | +€18,418 | +5499.8% |
| Other amounts payable | 47/48 | €30,643 | €40,790 | +€10,147 | +33.1% |
| Turnover | 70 | €420,134 | €419,360 | -€774 | -0.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €386,721 | €380,701 | -€6,020 | -1.6% |
| Remuneration, social security and pensions | 62 | €7,042 | €13,323 | +€6,281 | +89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,444 | €24,410 | +€7,966 | +48.4% |
| Other operating charges | 640/8 | €3,089 | €2,244 | -€845 | -27.4% |
| Non-recurring operating charges | 66A | - | €1,654 | +€1,654 | |
| Gross operating margin | 9900 | €36,139 | €41,036 | +€4,897 | +13.6% |
| Operating profit (loss) | 9901 | €9,563 | -€595 | -€10,159 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €275 | €284 | +€9 | +3.2% |
| Recurring financial charges | 65 | €275 | €284 | +€9 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €9,288 | -€880 | -€10,168 | |
| Income taxes | 67/77 | €2,881 | €1,295 | -€1,586 | -55.1% |
| Profit (loss) for the period | 9904 | €6,407 | -€2,174 | -€8,581 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,407 | -€2,174 | -€8,581 |
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 2 October 2026 via checked.be.