MA.CS: 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.CS
Largest movements
- Cash -€179
down €179 (-15.2%), from €1,178 to €999
mainly Net result for the year (-€180)
- Profit (loss) carried forward -€180
down €180 (-2.4%), from -€7,439 to -€7,619
- Gross operating margin +€314
no longer reported in 2025 (was -€314)
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 | €2,264 | €2,084 | -€180 | -8.0% |
| Current assets | 29/58 | €2,264 | €2,084 | -€180 | -8.0% |
| Amounts receivable within one year | 40/41 | €1,086 | €1,085 | -€1 | -0.1% |
| Other amounts receivable | 41 | €1,086 | €1,085 | -€1 | -0.1% |
| Cash at bank and in hand | 54/58 | €1,178 | €999 | -€179 | -15.2% |
| Total equity and liabilities | 10/49 | €2,264 | €2,084 | -€180 | -8.0% |
| Equity | 10/15 | -€1,239 | -€1,419 | -€180 | -14.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,439 | -€7,619 | -€180 | -2.4% |
| Amounts payable | 17/49 | €3,503 | €3,503 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,503 | €3,503 | = | 0.0% |
| Trade debts | 44 | €632 | €632 | = | 0.0% |
| Suppliers | 440/4 | €632 | €632 | = | 0.0% |
| Other amounts payable | 47/48 | €2,871 | €2,871 | = | 0.0% |
| Gross operating margin | 9900 | -€314 | - | +€314 | |
| Operating profit (loss) | 9901 | -€314 | - | +€314 | |
| Financial charges | 65/66B | €180 | €180 | = | 0.0% |
| Recurring financial charges | 65 | €180 | €180 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€494 | -€180 | +€314 | +63.6% |
| Profit (loss) for the period | 9904 | -€494 | -€180 | +€314 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€494 | -€180 | +€314 | +63.6% |
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 29 September 2026 via checked.be.