MA Build: 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 Build
Largest movements
- Receivables within one year +€52,821
up €52,821 (+24.5%), from €216,009 to €268,830
of which Other amounts receivable: +€43,010
- Cash +€9,628
new in 2024: €9,628
mainly Trade debts (+€45,423) and Net result for the year (+€34,978)
- Trade debts +€45,423
up €45,423 (+24.4%), from €186,011 to €231,434
- Profit (loss) carried forward +€34,978
up €34,978 (+219.1%), from €15,961 to €50,939
- Other debts -€7,294
no longer reported in 2024 (was €7,294)
- Tax, wage and social debts -€6,566
down €6,566 (-76.6%), from €8,576 to €2,010
- Current portion of long-term debt -€3,125
no longer reported in 2024 (was €3,125)
- Gross operating margin +€71,827
up €71,827, from -€31,483 to €40,344
- Taxes -€10,542
no longer reported in 2024 (was €10,542)
- Depreciation +€5,653
new in 2024: €5,653
- Financial income +€1,483
up €1,483 (+7416.1%), from €20 to €1,503
- Financial charges +€451
up €451 (+58.9%), from €765 to €1,216
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 | €223,390 | €285,236 | +€61,846 | +27.7% |
| Fixed assets | 21/28 | €6,535 | €5,587 | -€948 | -14.5% |
| Tangible fixed assets | 22/27 | €6,535 | €5,587 | -€948 | -14.5% |
| Plant, machinery and equipment | 23 | €1,143 | €201 | -€943 | -82.5% |
| Furniture and vehicles | 24 | €5,392 | €5,387 | -€5 | -0.1% |
| Current assets | 29/58 | €216,855 | €279,649 | +€62,794 | +29.0% |
| Amounts receivable within one year | 40/41 | €216,009 | €268,830 | +€52,821 | +24.5% |
| Trade receivables | 40 | €203,694 | €213,505 | +€9,811 | +4.8% |
| Other amounts receivable | 41 | €12,315 | €55,325 | +€43,010 | +349.2% |
| Cash at bank and in hand | 54/58 | - | €9,628 | +€9,628 | |
| Deferred charges and accrued income | 490/1 | €846 | €1,191 | +€345 | +40.8% |
| Total equity and liabilities | 10/49 | €223,390 | €285,236 | +€61,846 | +27.7% |
| Equity | 10/15 | €16,464 | €51,441 | +€34,978 | +212.5% |
| Reserves | 13 | €502 | €502 | = | 0.0% |
| Non-distributable reserves | 130/1 | €502 | €502 | = | 0.0% |
| Reserves not available under the articles | 1311 | €502 | €502 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,961 | €50,939 | +€34,978 | +219.1% |
| Amounts payable | 17/49 | €206,926 | €233,794 | +€26,868 | +13.0% |
| Amounts payable after more than one year | 17 | €1,621 | - | -€1,621 | |
| Financial debts | 170/4 | €1,621 | - | -€1,621 | |
| Amounts payable within one year | 42/48 | €205,008 | €233,794 | +€28,787 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €3,125 | - | -€3,125 | |
| Financial debts | 43 | €1 | €350 | +€349 | +23389.9% |
| Credit institutions | 430/8 | €1 | €350 | +€349 | +23389.9% |
| Trade debts | 44 | €186,011 | €231,434 | +€45,423 | +24.4% |
| Suppliers | 440/4 | €186,011 | €231,434 | +€45,423 | +24.4% |
| Taxes, remuneration and social security | 45 | €8,576 | €2,010 | -€6,566 | -76.6% |
| Remuneration and social security | 454/9 | €8,576 | €2,010 | -€6,566 | -76.6% |
| Other amounts payable | 47/48 | €7,294 | - | -€7,294 | |
| Accrued charges and deferred income | 492/3 | €298 | - | -€298 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,653 | +€5,653 | |
| Gross operating margin | 9900 | -€31,483 | €40,344 | +€71,827 | |
| Operating profit (loss) | 9901 | -€31,483 | €34,691 | +€66,173 | |
| Financial income | 75/76B | €20 | €1,503 | +€1,483 | +7416.1% |
| Recurring financial income | 75 | €20 | €1,503 | +€1,483 | +7416.1% |
| Financial charges | 65/66B | €765 | €1,216 | +€451 | +58.9% |
| Recurring financial charges | 65 | €765 | €1,216 | +€451 | +58.9% |
| Profit (loss) for the period before taxes | 9903 | -€32,228 | €34,978 | +€67,206 | |
| Income taxes | 67/77 | €10,542 | - | -€10,542 | |
| Profit (loss) for the period | 9904 | -€42,770 | €34,978 | +€77,748 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,770 | €34,978 | +€77,748 |
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 12 October 2026 via checked.be.