MA BUILDING: 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 BUILDING
Largest movements
- Receivables within one year +€7,209
up €7,209 (+23.1%), from €31,275 to €38,485
of which Trade receivables: +€7,254
- Tangible fixed assets -€2,147
down €2,147 (-66.2%), from €3,241 to €1,094
- Deferred charges and accrued income -€1,032
no longer reported in 2025 (was €1,032)
- Cash -€588
down €588 (-19.3%), from €3,040 to €2,452
mainly Trade debts (-€12,139) and Other debts (-€10,134)
- Profit (loss) carried forward +€23,681
up €23,681 (+335%), from €7,065 to €30,747
- Trade debts -€12,139
down €12,139 (-86.9%), from €13,977 to €1,838
- Other debts -€10,134
down €10,134 (-96.9%), from €10,453 to €319
- Tax, wage and social debts +€3,117
up €3,117 (+69.1%), from €4,511 to €7,628
of which Taxes: +€6,091
- Current portion of long-term debt -€1,082
no longer reported in 2025 (was €1,082)
- Gross operating margin +€19,669
up €19,669 (+140%), from €14,045 to €33,714
- Taxes +€6,091
up €6,091 (+439%), from €1,387 to €7,478
- Other operating charges -€3,997
down €3,997 (-80.4%), from €4,969 to €972
- Depreciation -€2,407
down €2,407 (-64.7%), from €3,722 to €1,315
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 | €40,088 | €43,531 | +€3,443 | +8.6% |
| Fixed assets | 21/28 | €4,741 | €2,594 | -€2,147 | -45.3% |
| Tangible fixed assets | 22/27 | €3,241 | €1,094 | -€2,147 | -66.2% |
| Furniture and vehicles | 24 | €3,241 | €1,094 | -€2,147 | -66.2% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €35,346 | €40,937 | +€5,590 | +15.8% |
| Amounts receivable within one year | 40/41 | €31,275 | €38,485 | +€7,209 | +23.1% |
| Trade receivables | 40 | €30,683 | €37,937 | +€7,254 | +23.6% |
| Other amounts receivable | 41 | €593 | €548 | -€45 | -7.6% |
| Cash at bank and in hand | 54/58 | €3,040 | €2,452 | -€588 | -19.3% |
| Deferred charges and accrued income | 490/1 | €1,032 | - | -€1,032 | |
| Total equity and liabilities | 10/49 | €40,088 | €43,531 | +€3,443 | +8.6% |
| Equity | 10/15 | €10,065 | €33,747 | +€23,681 | +235% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,065 | €30,747 | +€23,681 | +335% |
| Amounts payable | 17/49 | €30,023 | €9,784 | -€20,238 | -67.4% |
| Amounts payable within one year | 42/48 | €30,023 | €9,784 | -€20,238 | -67.4% |
| Current portion of amounts payable after more than one year | 42 | €1,082 | - | -€1,082 | |
| Trade debts | 44 | €13,977 | €1,838 | -€12,139 | -86.9% |
| Suppliers | 440/4 | €13,977 | €1,838 | -€12,139 | -86.9% |
| Taxes, remuneration and social security | 45 | €4,511 | €7,628 | +€3,117 | +69.1% |
| Taxes | 450/3 | €1,387 | €7,478 | +€6,091 | +439% |
| Remuneration and social security | 454/9 | €3,124 | €150 | -€2,974 | -95.2% |
| Other amounts payable | 47/48 | €10,453 | €319 | -€10,134 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,722 | €1,315 | -€2,407 | -64.7% |
| Other operating charges | 640/8 | €4,969 | €972 | -€3,997 | -80.4% |
| Gross operating margin | 9900 | €14,045 | €33,714 | +€19,669 | +140% |
| Operating profit (loss) | 9901 | €5,354 | €31,427 | +€26,073 | +487% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €274 | €269 | -€5 | -1.9% |
| Recurring financial charges | 65 | €274 | €269 | -€5 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €5,080 | €31,159 | +€26,079 | +513% |
| Income taxes | 67/77 | €1,387 | €7,478 | +€6,091 | +439% |
| Profit (loss) for the period | 9904 | €3,693 | €23,681 | +€19,988 | +541% |
| Profit (loss) for the period to be appropriated | 9905 | €3,693 | €23,681 | +€19,988 | +541% |
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 14 October 2026 via checked.be.