MA PEAU: 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 PEAU
Largest movements
- Tangible fixed assets -€9,700
down €9,700 (-21.7%), from €44,761 to €35,061
- Receivables within one year -€8,056
down €8,056 (-78.7%), from €10,241 to €2,185
of which Other amounts receivable: -€5,740
- Cash -€2,674
down €2,674 (-13.4%), from €19,974 to €17,300
mainly Tax, wage and social debts (-€8,682) and Debts after one year (-€6,795)
- Stocks and contracts -€1,459
down €1,459 (-18.3%), from €7,967 to €6,509
- Tax, wage and social debts -€8,682
down €8,682 (-67.8%), from €12,807 to €4,125
of which Taxes: -€8,782
- Debts after one year -€6,795
down €6,795 (-25.3%), from €26,858 to €20,062
- Profit (loss) carried forward -€5,305
down €5,305 (-17.9%), from €29,589 to €24,284
- Accrued charges and deferred income -€1,381
down €1,381 (-43.0%), from €3,214 to €1,833
- Gross operating margin -€40,224
down €40,224 (-86.4%), from €46,566 to €6,341
- Taxes -€11,492
down €11,492 (-100%), from €11,492 to €0
- Depreciation +€5,944
up €5,944 (+154%), from €3,856 to €9,800
- Financial charges +€715
up €715 (+118%), from €604 to €1,319
- Other operating charges -€496
down €496 (-48.5%), from €1,024 to €528
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 | €83,826 | €61,983 | -€21,843 | -26.1% |
| Fixed assets | 21/28 | €45,644 | €35,844 | -€9,800 | -21.5% |
| Intangible fixed assets | 21 | €882 | €782 | -€100 | -11.3% |
| Tangible fixed assets | 22/27 | €44,761 | €35,061 | -€9,700 | -21.7% |
| Plant, machinery and equipment | 23 | €44,761 | €35,061 | -€9,700 | -21.7% |
| Current assets | 29/58 | €38,182 | €26,139 | -€12,043 | -31.5% |
| Stocks and contracts in progress | 3 | €7,967 | €6,509 | -€1,459 | -18.3% |
| Stocks | 30/36 | €7,967 | €6,509 | -€1,459 | -18.3% |
| Amounts receivable within one year | 40/41 | €10,241 | €2,185 | -€8,056 | -78.7% |
| Trade receivables | 40 | €4,326 | €2,010 | -€2,316 | -53.5% |
| Other amounts receivable | 41 | €5,915 | €175 | -€5,740 | -97.0% |
| Cash at bank and in hand | 54/58 | €19,974 | €17,300 | -€2,674 | -13.4% |
| Deferred charges and accrued income | 490/1 | - | €145 | +€145 | |
| Total equity and liabilities | 10/49 | €83,826 | €61,983 | -€21,843 | -26.1% |
| Equity | 10/15 | €33,589 | €28,284 | -€5,305 | -15.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,589 | €24,284 | -€5,305 | -17.9% |
| Amounts payable | 17/49 | €50,237 | €33,699 | -€16,538 | -32.9% |
| Amounts payable after more than one year | 17 | €26,858 | €20,062 | -€6,795 | -25.3% |
| Financial debts | 170/4 | €26,858 | €20,062 | -€6,795 | -25.3% |
| Amounts payable within one year | 42/48 | €20,165 | €11,803 | -€8,362 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €6,544 | €6,795 | +€251 | +3.8% |
| Taxes, remuneration and social security | 45 | €12,807 | €4,125 | -€8,682 | -67.8% |
| Taxes | 450/3 | €11,577 | €2,795 | -€8,782 | -75.9% |
| Remuneration and social security | 454/9 | €1,230 | €1,330 | +€100 | +8.1% |
| Other amounts payable | 47/48 | €814 | €883 | +€69 | +8.5% |
| Accrued charges and deferred income | 492/3 | €3,214 | €1,833 | -€1,381 | -43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,856 | €9,800 | +€5,944 | +154% |
| Other operating charges | 640/8 | €1,024 | €528 | -€496 | -48.5% |
| Gross operating margin | 9900 | €46,566 | €6,341 | -€40,224 | -86.4% |
| Operating profit (loss) | 9901 | €41,685 | -€3,986 | -€45,672 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €604 | €1,319 | +€715 | +118% |
| Recurring financial charges | 65 | €604 | €1,319 | +€715 | +118% |
| Profit (loss) for the period before taxes | 9903 | €41,081 | -€5,305 | -€46,386 | |
| Income taxes | 67/77 | €11,492 | €0 | -€11,492 | -100% |
| Profit (loss) for the period | 9904 | €29,589 | -€5,305 | -€34,894 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,589 | -€5,305 | -€34,894 |
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 29 October 2026 via checked.be.