MA Precision: what changed
Two fiscal 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 Precision
Largest movements
- Receivables within one year -€108,606
down €108,606 (-33.8%), from €321,434 to €212,829
of which Trade receivables: -€106,293
- Intangible fixed assets -€66,214
down €66,214 (-26.2%), from €252,923 to €186,709
- Cash +€48,998
up €48,998 (+1160.3%), from €4,223 to €53,221
mainly Receivables within one year (+€108,606) and Depreciation (+€69,322)
- Trade debts -€81,505
down €81,505 (-54.3%), from €150,061 to €68,556
- Other debts -€73,855
down €73,855 (-30.7%), from €240,730 to €166,876
- Short-term financial debts -€50,000
no longer reported in 2025 (was €50,000)
- Profit (loss) carried forward +€44,674
up €44,674 (+13.2%), from €339,085 to €383,759
- Tax, wage and social debts +€28,720
up €28,720 (+57.3%), from €50,133 to €78,853
of which Taxes: +€28,306
- Gross operating margin +€96,962
up €96,962 (+22.3%), from €435,225 to €532,187
- Staff costs +€20,688
up €20,688 (+5.9%), from €353,279 to €373,967
- Taxes +€15,919
up €15,919 (+269.7%), from €5,902 to €21,822
- Depreciation +€10,707
up €10,707 (+18.3%), from €58,615 to €69,322
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 | €1,151,399 | €1,014,333 | -€137,066 | -11.9% |
| Fixed assets | 21/28 | €286,760 | €215,250 | -€71,509 | -24.9% |
| Intangible fixed assets | 21 | €252,923 | €186,709 | -€66,214 | -26.2% |
| Tangible fixed assets | 22/27 | €33,837 | €28,542 | -€5,295 | -15.6% |
| Plant, machinery and equipment | 23 | €28,401 | €27,856 | -€544 | -1.9% |
| Furniture and vehicles | 24 | €5,436 | €685 | -€4,751 | -87.4% |
| Current assets | 29/58 | €864,639 | €799,082 | -€65,557 | -7.6% |
| Stocks and contracts in progress | 3 | €527,917 | €518,374 | -€9,543 | -1.8% |
| Stocks | 30/36 | €501,667 | €490,118 | -€11,549 | -2.3% |
| Contracts in progress | 37 | €26,250 | €28,256 | +€2,006 | +7.6% |
| Amounts receivable within one year | 40/41 | €321,434 | €212,829 | -€108,606 | -33.8% |
| Trade receivables | 40 | €319,121 | €212,829 | -€106,293 | -33.3% |
| Other amounts receivable | 41 | €2,313 | - | -€2,313 | |
| Cash at bank and in hand | 54/58 | €4,223 | €53,221 | +€48,998 | +1160.3% |
| Deferred charges and accrued income | 490/1 | €11,065 | €14,658 | +€3,593 | +32.5% |
| Total equity and liabilities | 10/49 | €1,151,399 | €1,014,333 | -€137,066 | -11.9% |
| Equity | 10/15 | €642,420 | €687,094 | +€44,674 | +7.0% |
| Contributions | 10/11 | €240,457 | €240,457 | = | 0.0% |
| Capital | 10 | €240,457 | €240,457 | = | 0.0% |
| Issued capital | 100 | €240,457 | €240,457 | = | 0.0% |
| Revaluation surpluses | 12 | €22,527 | €22,527 | = | 0.0% |
| Reserves | 13 | €40,351 | €40,351 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,046 | €24,046 | = | 0.0% |
| Legal reserve | 130 | €24,046 | €24,046 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,306 | €16,306 | = | 0.0% |
| Profit (loss) carried forward | 14 | €339,085 | €383,759 | +€44,674 | +13.2% |
| Amounts payable | 17/49 | €508,979 | €327,239 | -€181,740 | -35.7% |
| Amounts payable within one year | 42/48 | €503,928 | €327,239 | -€176,689 | -35.1% |
| Current portion of amounts payable after more than one year | 42 | €13,004 | €12,955 | -€49 | -0.4% |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €150,061 | €68,556 | -€81,505 | -54.3% |
| Suppliers | 440/4 | €150,061 | €68,556 | -€81,505 | -54.3% |
| Taxes, remuneration and social security | 45 | €50,133 | €78,853 | +€28,720 | +57.3% |
| Taxes | 450/3 | €21,269 | €49,576 | +€28,306 | +133.1% |
| Remuneration and social security | 454/9 | €28,863 | €29,277 | +€414 | +1.4% |
| Other amounts payable | 47/48 | €240,730 | €166,876 | -€73,855 | -30.7% |
| Accrued charges and deferred income | 492/3 | €5,051 | - | -€5,051 | |
| Remuneration, social security and pensions | 62 | €353,279 | €373,967 | +€20,688 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,615 | €69,322 | +€10,707 | +18.3% |
| Other operating charges | 640/8 | €3,163 | €5,481 | +€2,318 | +73.3% |
| Gross operating margin | 9900 | €435,225 | €532,187 | +€96,962 | +22.3% |
| Operating profit (loss) | 9901 | €20,169 | €83,418 | +€63,249 | +313.6% |
| Financial income | 75/76B | €0 | €19 | +€19 | +97250.0% |
| Recurring financial income | 75 | €0 | €19 | +€19 | +97250.0% |
| Financial charges | 65/66B | €19,802 | €16,942 | -€2,861 | -14.4% |
| Recurring financial charges | 65 | €19,802 | €16,942 | -€2,861 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €367 | €66,495 | +€66,129 | +18042.4% |
| Income taxes | 67/77 | €5,902 | €21,822 | +€15,919 | +269.7% |
| Profit (loss) for the period | 9904 | -€5,536 | €44,674 | +€50,209 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,536 | €44,674 | +€50,209 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.