MA&M Management: 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&M Management
Largest movements
- Receivables within one year +€4,790
up €4,790 (+17.1%), from €27,958 to €32,748
of which Trade receivables: +€7,111
- Tangible fixed assets -€3,106
down €3,106 (-18.6%), from €16,714 to €13,609
of which Land and buildings: -€1,913
- Stocks and contracts -€1,144
no longer reported in 2025 (was €1,144)
- Other debts +€5,146
up €5,146 (+11.4%), from €45,188 to €50,334
- Profit (loss) carried forward -€3,972
down €3,972 (-12.7%), from -€31,333 to -€35,305
- Trade debts -€1,204
down €1,204 (-4.7%), from €25,506 to €24,302
- Gross operating margin -€3,612
down €3,612, from €2,901 to -€711
- Depreciation +€1,125
up €1,125 (+56.8%), from €1,981 to €3,106
- Financial charges -€573
down €573 (-72.0%), from €796 to €223
- Other operating charges -€509
no longer reported in 2025 (was €509)
- Staff costs -€93
down €93 (-25.9%), from €360 to €267
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 | €52,746 | €52,819 | +€73 | +0.1% |
| Fixed assets | 21/28 | €23,161 | €20,055 | -€3,106 | -13.4% |
| Tangible fixed assets | 22/27 | €16,714 | €13,609 | -€3,106 | -18.6% |
| Land and buildings | 22 | €14,877 | €12,964 | -€1,913 | -12.9% |
| Plant, machinery and equipment | 23 | €526 | - | -€526 | |
| Furniture and vehicles | 24 | €1,311 | €645 | -€667 | -50.8% |
| Financial fixed assets | 28 | €6,447 | €6,447 | = | 0.0% |
| Current assets | 29/58 | €29,585 | €32,764 | +€3,178 | +10.7% |
| Stocks and contracts in progress | 3 | €1,144 | - | -€1,144 | |
| Stocks | 30/36 | €1,144 | - | -€1,144 | |
| Amounts receivable within one year | 40/41 | €27,958 | €32,748 | +€4,790 | +17.1% |
| Trade receivables | 40 | €19,879 | €26,990 | +€7,111 | +35.8% |
| Other amounts receivable | 41 | €8,079 | €5,759 | -€2,320 | -28.7% |
| Cash at bank and in hand | 54/58 | €136 | €15 | -€120 | -88.7% |
| Deferred charges and accrued income | 490/1 | €347 | - | -€347 | |
| Total equity and liabilities | 10/49 | €52,746 | €52,819 | +€73 | +0.1% |
| Equity | 10/15 | -€26,333 | -€30,305 | -€3,972 | -15.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,333 | -€35,305 | -€3,972 | -12.7% |
| Amounts payable | 17/49 | €79,079 | €83,124 | +€4,045 | +5.1% |
| Amounts payable within one year | 42/48 | €79,079 | €83,124 | +€4,045 | +5.1% |
| Trade debts | 44 | €25,506 | €24,302 | -€1,204 | -4.7% |
| Suppliers | 440/4 | €25,506 | €24,302 | -€1,204 | -4.7% |
| Taxes, remuneration and social security | 45 | €8,385 | €8,488 | +€103 | +1.2% |
| Taxes | 450/3 | €8,385 | €8,488 | +€103 | +1.2% |
| Other amounts payable | 47/48 | €45,188 | €50,334 | +€5,146 | +11.4% |
| Non-recurring operating income | 76A | €5,120 | - | -€5,120 | |
| Remuneration, social security and pensions | 62 | €360 | €267 | -€93 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,981 | €3,106 | +€1,125 | +56.8% |
| Other operating charges | 640/8 | €509 | - | -€509 | |
| Gross operating margin | 9900 | €2,901 | -€711 | -€3,612 | |
| Operating profit (loss) | 9901 | €51 | -€4,083 | -€4,134 | |
| Financial income | 75/76B | €419 | €334 | -€85 | -20.3% |
| Recurring financial income | 75 | €419 | €334 | -€85 | -20.3% |
| Financial charges | 65/66B | €796 | €223 | -€573 | -72.0% |
| Recurring financial charges | 65 | €796 | €223 | -€573 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | -€326 | -€3,972 | -€3,646 | -1,119% |
| Profit (loss) for the period | 9904 | -€326 | -€3,972 | -€3,646 | -1,119% |
| Profit (loss) for the period to be appropriated | 9905 | -€326 | -€3,972 | -€3,646 | -1,119% |
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.