MA CONCEPT: 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 CONCEPT
Largest movements
- Cash +€4,578
up €4,578 (+93.2%), from €4,910 to €9,488
mainly Net result for the year (+€13,596) and Depreciation (+€2,959)
- Receivables within one year +€4,550
up €4,550 (+216%), from €2,106 to €6,656
of which Trade receivables: +€4,804
- Tangible fixed assets +€2,455
up €2,455 (+356%), from €689 to €3,144
- Intangible fixed assets -€2,400
down €2,400 (-22.2%), from €10,807 to €8,407
- Profit (loss) carried forward +€13,596
up €13,596 (+8.3%), from -€163,954 to -€150,358
- Debts after one year -€2,560
down €2,560 (-1.9%), from €131,805 to €129,245
of which Financial debts: -€59,200
- Trade debts -€1,875
down €1,875 (-44.8%), from €4,183 to €2,308
- Gross operating margin +€12,168
up €12,168 (+225%), from €5,407 to €17,576
- Depreciation -€6,603
down €6,603 (-69.1%), from €9,562 to €2,959
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 | €19,001 | €28,385 | +€9,384 | +49.4% |
| Fixed assets | 21/28 | €11,496 | €11,551 | +€55 | +0.5% |
| Intangible fixed assets | 21 | €10,807 | €8,407 | -€2,400 | -22.2% |
| Tangible fixed assets | 22/27 | €689 | €3,144 | +€2,455 | +356% |
| Furniture and vehicles | 24 | €689 | €3,144 | +€2,455 | +356% |
| Current assets | 29/58 | €7,506 | €16,834 | +€9,329 | +124% |
| Amounts receivable within one year | 40/41 | €2,106 | €6,656 | +€4,550 | +216% |
| Trade receivables | 40 | €1,852 | €6,656 | +€4,804 | +259% |
| Other amounts receivable | 41 | €253 | - | -€253 | |
| Cash at bank and in hand | 54/58 | €4,910 | €9,488 | +€4,578 | +93.2% |
| Deferred charges and accrued income | 490/1 | €490 | €690 | +€200 | +40.8% |
| Total equity and liabilities | 10/49 | €19,001 | €28,385 | +€9,384 | +49.4% |
| Equity | 10/15 | -€118,954 | -€105,358 | +€13,596 | +11.4% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€163,954 | -€150,358 | +€13,596 | +8.3% |
| Amounts payable | 17/49 | €137,955 | €133,744 | -€4,212 | -3.1% |
| Amounts payable after more than one year | 17 | €131,805 | €129,245 | -€2,560 | -1.9% |
| Financial debts | 170/4 | €59,200 | - | -€59,200 | |
| Other amounts payable | 178/9 | €72,605 | €129,245 | +€56,640 | +78.0% |
| Amounts payable within one year | 42/48 | €5,958 | €4,299 | -€1,659 | -27.8% |
| Trade debts | 44 | €4,183 | €2,308 | -€1,875 | -44.8% |
| Suppliers | 440/4 | €4,183 | €2,308 | -€1,875 | -44.8% |
| Taxes, remuneration and social security | 45 | €1,776 | €1,991 | +€215 | +12.1% |
| Taxes | 450/3 | €1,776 | €1,991 | +€215 | +12.1% |
| Accrued charges and deferred income | 492/3 | €192 | €200 | +€8 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,562 | €2,959 | -€6,603 | -69.1% |
| Other operating charges | 640/8 | €784 | €680 | -€104 | -13.2% |
| Gross operating margin | 9900 | €5,407 | €17,576 | +€12,168 | +225% |
| Operating profit (loss) | 9901 | -€4,939 | €13,936 | +€18,875 | |
| Financial income | 75/76B | €12 | €40 | +€28 | +230% |
| Recurring financial income | 75 | €12 | €40 | +€28 | +230% |
| Financial charges | 65/66B | €199 | €199 | +€0 | +0.2% |
| Recurring financial charges | 65 | €199 | €199 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,126 | €13,777 | +€18,902 | |
| Income taxes | 67/77 | €223 | €181 | -€42 | -18.7% |
| Profit (loss) for the period | 9904 | -€5,348 | €13,596 | +€18,944 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,348 | €13,596 | +€18,944 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.