MA General: 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 General
Largest movements
- Receivables within one year +€513
up €513 (+3.6%), from €14,323 to €14,836
- Intangible fixed assets -€400
down €400 (-65.4%), from €612 to €212
- Profit (loss) carried forward -€969
down €969, from €68 to -€901
- Trade debts +€932
new in 2025: €932
- Other operating charges +€1,503
new in 2025: €1,503
- Financial income +€783
new in 2025: €783
- Gross operating margin +€343
new in 2025: €343
- Financial charges +€26
up €26 (+15.5%), from €167 to €192
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 | €15,068 | €15,048 | -€20 | -0.1% |
| Fixed assets | 21/28 | €612 | €212 | -€400 | -65.4% |
| Intangible fixed assets | 21 | €612 | €212 | -€400 | -65.4% |
| Current assets | 29/58 | €14,456 | €14,836 | +€380 | +2.6% |
| Amounts receivable within one year | 40/41 | €14,323 | €14,836 | +€513 | +3.6% |
| Other amounts receivable | 41 | €14,323 | €14,836 | +€513 | +3.6% |
| Cash at bank and in hand | 54/58 | €133 | €0 | -€133 | -100.0% |
| Total equity and liabilities | 10/49 | €15,068 | €15,048 | -€20 | -0.1% |
| Equity | 10/15 | €15,068 | €14,099 | -€969 | -6.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68 | -€901 | -€969 | |
| Amounts payable | 17/49 | - | €949 | +€949 | |
| Amounts payable within one year | 42/48 | - | €949 | +€949 | |
| Financial debts | 43 | - | €17 | +€17 | |
| Credit institutions | 430/8 | - | €17 | +€17 | |
| Trade debts | 44 | - | €932 | +€932 | |
| Suppliers | 440/4 | - | €932 | +€932 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €400 | €400 | = | 0.0% |
| Other operating charges | 640/8 | - | €1,503 | +€1,503 | |
| Gross operating margin | 9900 | - | €343 | +€343 | |
| Operating profit (loss) | 9901 | -€400 | -€1,560 | -€1,160 | -290.0% |
| Financial income | 75/76B | - | €783 | +€783 | |
| Recurring financial income | 75 | - | €783 | +€783 | |
| Financial charges | 65/66B | €167 | €192 | +€26 | +15.5% |
| Recurring financial charges | 65 | €167 | €192 | +€26 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | -€567 | -€969 | -€403 | -71.1% |
| Profit (loss) for the period | 9904 | -€567 | -€969 | -€403 | -71.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€567 | -€969 | -€403 | -71.1% |
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.