MA GYNECO: 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 GYNECO
Largest movements
- Cash -€67,781
down €67,781 (-10.4%), from €649,594 to €581,813
mainly Contributions, distributions and other (-€331,790) and Tax, wage and social debts (-€31,885)
- Tangible fixed assets -€12,535
down €12,535 (-19.8%), from €63,376 to €50,841
of which Furniture and vehicles: -€7,403
- Receivables within one year +€10,892
up €10,892 (+122%), from €8,912 to €19,804
of which Other amounts receivable: +€11,706
- Reserves -€109,034
down €109,034 (-26.5%), from €411,431 to €302,397
- Other debts +€72,560
up €72,560 (+27.1%), from €267,654 to €340,214
- Tax, wage and social debts -€31,885
down €31,885 (-78.6%), from €40,585 to €8,700
- Gross operating margin -€58,119
down €58,119 (-15.7%), from €369,164 to €311,045
- Taxes -€14,635
down €14,635 (-17.1%), from €85,785 to €71,150
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 | €726,093 | €655,103 | -€70,990 | -9.8% |
| Fixed assets | 21/28 | €63,376 | €50,841 | -€12,535 | -19.8% |
| Tangible fixed assets | 22/27 | €63,376 | €50,841 | -€12,535 | -19.8% |
| Plant, machinery and equipment | 23 | €49,000 | €43,867 | -€5,133 | -10.5% |
| Furniture and vehicles | 24 | €14,376 | €6,974 | -€7,403 | -51.5% |
| Current assets | 29/58 | €662,717 | €604,262 | -€58,455 | -8.8% |
| Amounts receivable within one year | 40/41 | €8,912 | €19,804 | +€10,892 | +122% |
| Trade receivables | 40 | €815 | - | -€815 | |
| Other amounts receivable | 41 | €8,097 | €19,804 | +€11,706 | +145% |
| Cash at bank and in hand | 54/58 | €649,594 | €581,813 | -€67,781 | -10.4% |
| Deferred charges and accrued income | 490/1 | €4,211 | €2,645 | -€1,566 | -37.2% |
| Total equity and liabilities | 10/49 | €726,093 | €655,103 | -€70,990 | -9.8% |
| Equity | 10/15 | €414,931 | €305,897 | -€109,034 | -26.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €411,431 | €302,397 | -€109,034 | -26.5% |
| Distributable reserves | 133 | €411,431 | €302,397 | -€109,034 | -26.5% |
| Amounts payable | 17/49 | €311,163 | €349,207 | +€38,044 | +12.2% |
| Amounts payable within one year | 42/48 | €309,399 | €349,140 | +€39,741 | +12.8% |
| Trade debts | 44 | €1,161 | €226 | -€935 | -80.5% |
| Suppliers | 440/4 | €1,161 | €226 | -€935 | -80.5% |
| Taxes, remuneration and social security | 45 | €40,585 | €8,700 | -€31,885 | -78.6% |
| Taxes | 450/3 | €40,585 | €8,700 | -€31,885 | -78.6% |
| Other amounts payable | 47/48 | €267,654 | €340,214 | +€72,560 | +27.1% |
| Accrued charges and deferred income | 492/3 | €1,764 | €67 | -€1,697 | -96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,772 | €12,933 | +€161 | +1.3% |
| Other operating charges | 640/8 | €2,808 | €3,736 | +€928 | +33.0% |
| Gross operating margin | 9900 | €369,164 | €311,045 | -€58,119 | -15.7% |
| Operating profit (loss) | 9901 | €353,584 | €294,377 | -€59,207 | -16.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.6% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.6% |
| Financial charges | 65/66B | €146 | €471 | +€325 | +222% |
| Recurring financial charges | 65 | €146 | €471 | +€325 | +222% |
| Profit (loss) for the period before taxes | 9903 | €353,438 | €293,905 | -€59,533 | -16.8% |
| Income taxes | 67/77 | €85,785 | €71,150 | -€14,635 | -17.1% |
| Profit (loss) for the period | 9904 | €267,654 | €222,756 | -€44,898 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €267,654 | €222,756 | -€44,898 | -16.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.