MA-gEstion: 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-gEstion
Largest movements
- Cash +€40,773
up €40,773 (+48.3%), from €84,418 to €125,191
mainly Net result for the year (+€78,455) and Receivables within one year (+€26,554)
- Receivables within one year -€26,554
down €26,554 (-73.3%), from €36,250 to €9,696
of which Other amounts receivable: -€26,034
- Deferred charges and accrued income +€2,901
up €2,901 (+601.3%), from €483 to €3,384
- Tax, wage and social debts +€11,752
up €11,752 (+148.1%), from €7,936 to €19,687
of which Taxes: +€11,752
- Reserves +€3,455
up €3,455 (+3.1%), from €110,053 to €113,508
- Trade debts +€1,899
up €1,899 (+1840.9%), from €103 to €2,003
- Gross operating margin +€15,153
up €15,153 (+15.9%), from €95,045 to €110,198
- Taxes +€11,242
up €11,242 (+55.9%), from €20,127 to €31,369
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 | €121,150 | €138,271 | +€17,121 | +14.1% |
| Current assets | 29/58 | €121,150 | €138,271 | +€17,121 | +14.1% |
| Amounts receivable within one year | 40/41 | €36,250 | €9,696 | -€26,554 | -73.3% |
| Trade receivables | 40 | €519 | - | -€519 | |
| Other amounts receivable | 41 | €35,730 | €9,696 | -€26,034 | -72.9% |
| Cash at bank and in hand | 54/58 | €84,418 | €125,191 | +€40,773 | +48.3% |
| Deferred charges and accrued income | 490/1 | €483 | €3,384 | +€2,901 | +601.3% |
| Total equity and liabilities | 10/49 | €121,150 | €138,271 | +€17,121 | +14.1% |
| Equity | 10/15 | €113,053 | €116,508 | +€3,455 | +3.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €110,053 | €113,508 | +€3,455 | +3.1% |
| Distributable reserves | 133 | €110,053 | €113,508 | +€3,455 | +3.1% |
| Amounts payable | 17/49 | €8,097 | €21,763 | +€13,666 | +168.8% |
| Amounts payable within one year | 42/48 | €8,039 | €21,690 | +€13,651 | +169.8% |
| Trade debts | 44 | €103 | €2,003 | +€1,899 | +1840.9% |
| Suppliers | 440/4 | €103 | €2,003 | +€1,899 | +1840.9% |
| Taxes, remuneration and social security | 45 | €7,936 | €19,687 | +€11,752 | +148.1% |
| Taxes | 450/3 | €7,776 | €19,527 | +€11,752 | +151.1% |
| Remuneration and social security | 454/9 | €160 | €160 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €58 | €73 | +€14 | +24.3% |
| Other operating charges | 640/8 | - | €296 | +€296 | |
| Gross operating margin | 9900 | €95,045 | €110,198 | +€15,153 | +15.9% |
| Operating profit (loss) | 9901 | €95,045 | €109,902 | +€14,857 | +15.6% |
| Financial income | 75/76B | €1,272 | €1,247 | -€24 | -1.9% |
| Recurring financial income | 75 | €1,272 | €1,247 | -€24 | -1.9% |
| Financial charges | 65/66B | €1,268 | €1,325 | +€57 | +4.5% |
| Recurring financial charges | 65 | €1,268 | €1,325 | +€57 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €95,049 | €109,824 | +€14,775 | +15.5% |
| Income taxes | 67/77 | €20,127 | €31,369 | +€11,242 | +55.9% |
| Profit (loss) for the period | 9904 | €74,922 | €78,455 | +€3,533 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €74,922 | €78,455 | +€3,533 | +4.7% |
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 11 October 2026 via checked.be.