MA ART SPACE: 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.
MA ART SPACE
Largest movements
- Receivables within one year -€16,777
down €16,777 (-78.4%), from €21,406 to €4,629
of which Other amounts receivable: -€17,782
- Tangible fixed assets -€3,244
down €3,244 (-21.6%), from €14,991 to €11,747
of which Plant, machinery and equipment: -€2,930
- Cash +€1,493
up €1,493 (+37.0%), from €4,031 to €5,523
mainly Receivables within one year (+€16,777) and Depreciation (+€3,244)
- Other debts -€9,957
down €9,957 (-15.5%), from €64,133 to €54,176
- Profit (loss) carried forward -€9,062
down €9,062 (-19.0%), from -€47,661 to -€56,722
- Trade debts +€3,113
up €3,113 (+97.6%), from €3,190 to €6,303
- Tax, wage and social debts -€2,623
down €2,623 (-24.4%), from €10,766 to €8,143
of which Remuneration and social security: -€9,847
- Staff costs -€27,818
down €27,818 (-59.0%), from €47,162 to €19,344
- Gross operating margin +€12,397
up €12,397 (+350%), from €3,541 to €15,939
- Other operating charges +€2,010
up €2,010 (+1,005%), from €200 to €2,210
- Financial charges -€834
down €834 (-80.1%), from €1,041 to €207
- Depreciation +€444
up €444 (+15.9%), from €2,800 to €3,244
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 | €40,429 | €21,900 | -€18,529 | -45.8% |
| Fixed assets | 21/28 | €14,991 | €11,747 | -€3,244 | -21.6% |
| Tangible fixed assets | 22/27 | €14,991 | €11,747 | -€3,244 | -21.6% |
| Plant, machinery and equipment | 23 | €12,125 | €9,195 | -€2,930 | -24.2% |
| Other tangible fixed assets | 26 | €2,866 | €2,552 | -€314 | -11.0% |
| Current assets | 29/58 | €25,437 | €10,152 | -€15,285 | -60.1% |
| Amounts receivable within one year | 40/41 | €21,406 | €4,629 | -€16,777 | -78.4% |
| Trade receivables | 40 | €3,156 | €4,161 | +€1,005 | +31.8% |
| Other amounts receivable | 41 | €18,251 | €468 | -€17,782 | -97.4% |
| Cash at bank and in hand | 54/58 | €4,031 | €5,523 | +€1,493 | +37.0% |
| Total equity and liabilities | 10/49 | €40,429 | €21,900 | -€18,529 | -45.8% |
| Equity | 10/15 | -€37,661 | -€46,722 | -€9,062 | -24.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,661 | -€56,722 | -€9,062 | -19.0% |
| Amounts payable | 17/49 | €78,089 | €68,622 | -€9,467 | -12.1% |
| Amounts payable within one year | 42/48 | €78,089 | €68,622 | -€9,467 | -12.1% |
| Trade debts | 44 | €3,190 | €6,303 | +€3,113 | +97.6% |
| Suppliers | 440/4 | €3,190 | €6,303 | +€3,113 | +97.6% |
| Taxes, remuneration and social security | 45 | €10,766 | €8,143 | -€2,623 | -24.4% |
| Taxes | 450/3 | €770 | €7,994 | +€7,224 | +938% |
| Remuneration and social security | 454/9 | €9,996 | €149 | -€9,847 | -98.5% |
| Other amounts payable | 47/48 | €64,133 | €54,176 | -€9,957 | -15.5% |
| Remuneration, social security and pensions | 62 | €47,162 | €19,344 | -€27,818 | -59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,800 | €3,244 | +€444 | +15.9% |
| Other operating charges | 640/8 | €200 | €2,210 | +€2,010 | +1,005% |
| Gross operating margin | 9900 | €3,541 | €15,939 | +€12,397 | +350% |
| Operating profit (loss) | 9901 | -€46,620 | -€8,859 | +€37,761 | +81.0% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €1,041 | €207 | -€834 | -80.1% |
| Recurring financial charges | 65 | €1,041 | €207 | -€834 | -80.1% |
| Profit (loss) for the period before taxes | 9903 | -€47,661 | -€9,062 | +€38,599 | +81.0% |
| Profit (loss) for the period | 9904 | -€47,661 | -€9,062 | +€38,599 | +81.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,661 | -€9,062 | +€38,599 | +81.0% |
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 28 October 2026 via checked.be.