MA COACH: 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 COACH
Largest movements
- Receivables within one year -€14,866
down €14,866 (-30.2%), from €49,201 to €34,335
of which Trade receivables: -€21,682
- Cash +€10,035
up €10,035 (+175.6%), from €5,714 to €15,749
mainly Receivables within one year (+€14,866) and Net result for the year (+€11,550)
- Tangible fixed assets -€2,665
down €2,665 (-10.9%), from €24,452 to €21,787
- Profit (loss) carried forward +€11,550
up €11,550 (+42.8%), from €27,012 to €38,562
- Tax, wage and social debts -€7,337
down €7,337 (-54.7%), from €13,402 to €6,065
- Debts after one year -€6,811
down €6,811 (-34.0%), from €20,011 to €13,200
- Trade debts -€5,632
down €5,632 (-53.8%), from €10,466 to €4,834
- Current portion of long-term debt +€835
up €835 (+14.0%), from €5,976 to €6,811
- Gross operating margin +€11,650
up €11,650 (+147.8%), from €7,880 to €19,531
- Taxes +€2,800
up €2,800 (+220.4%), from €1,270 to €4,071
- Other operating charges -€1,196
down €1,196 (-74.9%), from €1,595 to €400
- Financial charges +€817
up €817 (+56.8%), from €1,438 to €2,255
- Depreciation +€548
up €548 (+25.9%), from €2,117 to €2,665
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 | €79,366 | €71,971 | -€7,395 | -9.3% |
| Fixed assets | 21/28 | €24,452 | €21,787 | -€2,665 | -10.9% |
| Tangible fixed assets | 22/27 | €24,452 | €21,787 | -€2,665 | -10.9% |
| Land and buildings | 22 | €24,452 | €21,787 | -€2,665 | -10.9% |
| Current assets | 29/58 | €54,915 | €50,185 | -€4,730 | -8.6% |
| Amounts receivable within one year | 40/41 | €49,201 | €34,335 | -€14,866 | -30.2% |
| Trade receivables | 40 | €28,837 | €7,155 | -€21,682 | -75.2% |
| Other amounts receivable | 41 | €20,364 | €27,180 | +€6,817 | +33.5% |
| Cash at bank and in hand | 54/58 | €5,714 | €15,749 | +€10,035 | +175.6% |
| Deferred charges and accrued income | 490/1 | - | €100 | +€100 | |
| Total equity and liabilities | 10/49 | €79,366 | €71,971 | -€7,395 | -9.3% |
| Equity | 10/15 | €29,512 | €41,062 | +€11,550 | +39.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,012 | €38,562 | +€11,550 | +42.8% |
| Amounts payable | 17/49 | €49,855 | €30,910 | -€18,945 | -38.0% |
| Amounts payable after more than one year | 17 | €20,011 | €13,200 | -€6,811 | -34.0% |
| Financial debts | 170/4 | €20,011 | €13,200 | -€6,811 | -34.0% |
| Amounts payable within one year | 42/48 | €29,844 | €17,710 | -€12,134 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €5,976 | €6,811 | +€835 | +14.0% |
| Trade debts | 44 | €10,466 | €4,834 | -€5,632 | -53.8% |
| Suppliers | 440/4 | €10,466 | €4,834 | -€5,632 | -53.8% |
| Taxes, remuneration and social security | 45 | €13,402 | €6,065 | -€7,337 | -54.7% |
| Taxes | 450/3 | €13,402 | €6,065 | -€7,337 | -54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,117 | €2,665 | +€548 | +25.9% |
| Other operating charges | 640/8 | €1,595 | €400 | -€1,196 | -74.9% |
| Gross operating margin | 9900 | €7,880 | €19,531 | +€11,650 | +147.8% |
| Operating profit (loss) | 9901 | €4,168 | €16,466 | +€12,298 | +295.1% |
| Financial income | 75/76B | €1,199 | €1,410 | +€211 | +17.6% |
| Recurring financial income | 75 | €1,199 | €1,410 | +€211 | +17.6% |
| Financial charges | 65/66B | €1,438 | €2,255 | +€817 | +56.8% |
| Recurring financial charges | 65 | €1,438 | €2,255 | +€817 | +56.8% |
| Profit (loss) for the period before taxes | 9903 | €3,928 | €15,621 | +€11,692 | +297.6% |
| Income taxes | 67/77 | €1,270 | €4,071 | +€2,800 | +220.4% |
| Profit (loss) for the period | 9904 | €2,658 | €11,550 | +€8,892 | +334.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,658 | €11,550 | +€8,892 | +334.5% |
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 7 October 2026 via checked.be.