MA & H SOLUTIONS: 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 & H SOLUTIONS
Largest movements
- Receivables within one year +€48,239
up €48,239 (+31.1%), from €154,957 to €203,195
- Tangible fixed assets +€24,936
up €24,936 (+87.4%), from €28,536 to €53,472
of which Furniture and vehicles: +€26,108
- Cash -€14,745
down €14,745 (-40.1%), from €36,782 to €22,037
mainly Receivables within one year (-€48,239) and Investment in fixed assets (net) (-€41,555)
- Profit (loss) carried forward +€88,431
up €88,431 (+52.1%), from €169,870 to €258,301
- Other debts -€30,000
no longer reported in 2025 (was €30,000)
- Gross operating margin +€13,596
up €13,596 (+9.2%), from €147,624 to €161,219
- Other operating charges -€7,634
down €7,634 (-58.7%), from €13,013 to €5,379
- Financial income -€5,108
no longer reported in 2025 (was €5,108)
- Staff costs +€4,737
up €4,737 (+10.3%), from €45,976 to €50,713
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 | €220,275 | €278,704 | +€58,429 | +26.5% |
| Fixed assets | 21/28 | €28,536 | €53,472 | +€24,936 | +87.4% |
| Tangible fixed assets | 22/27 | €28,536 | €53,472 | +€24,936 | +87.4% |
| Plant, machinery and equipment | 23 | €2,931 | €1,759 | -€1,172 | -40.0% |
| Furniture and vehicles | 24 | €25,605 | €51,713 | +€26,108 | +102% |
| Current assets | 29/58 | €191,739 | €225,232 | +€33,493 | +17.5% |
| Amounts receivable within one year | 40/41 | €154,957 | €203,195 | +€48,239 | +31.1% |
| Other amounts receivable | 41 | €154,957 | €203,195 | +€48,239 | +31.1% |
| Cash at bank and in hand | 54/58 | €36,782 | €22,037 | -€14,745 | -40.1% |
| Total equity and liabilities | 10/49 | €220,275 | €278,704 | +€58,429 | +26.5% |
| Equity | 10/15 | €190,275 | €278,704 | +€88,429 | +46.5% |
| Contributions | 10/11 | €18,550 | €18,548 | -€2 | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,870 | €258,301 | +€88,431 | +52.1% |
| Amounts payable | 17/49 | €30,000 | - | -€30,000 | |
| Amounts payable within one year | 42/48 | €30,000 | - | -€30,000 | |
| Other amounts payable | 47/48 | €30,000 | - | -€30,000 | |
| Remuneration, social security and pensions | 62 | €45,976 | €50,713 | +€4,737 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,906 | €16,619 | -€287 | -1.7% |
| Other operating charges | 640/8 | €13,013 | €5,379 | -€7,634 | -58.7% |
| Gross operating margin | 9900 | €147,624 | €161,219 | +€13,596 | +9.2% |
| Operating profit (loss) | 9901 | €71,728 | €88,508 | +€16,780 | +23.4% |
| Financial income | 75/76B | €5,108 | - | -€5,108 | |
| Recurring financial income | 75 | €5,108 | - | -€5,108 | |
| Financial charges | 65/66B | - | €77 | +€77 | |
| Recurring financial charges | 65 | - | €77 | +€77 | |
| Profit (loss) for the period before taxes | 9903 | €76,836 | €88,431 | +€11,595 | +15.1% |
| Profit (loss) for the period | 9904 | €76,836 | €88,431 | +€11,595 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,836 | €88,431 | +€11,595 | +15.1% |
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 27 October 2026 via checked.be.