MA SERVICE: 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 SERVICE
Largest movements
- Receivables within one year -€6,495
down €6,495 (-55.5%), from €11,698 to €5,203
of which Trade receivables: -€6,254
- Cash -€4,565
down €4,565 (-58.1%), from €7,858 to €3,293
mainly Net result for the year (-€11,513) and Other debts (-€4,200)
- Tangible fixed assets -€3,000
down €3,000 (-21.4%), from €14,007 to €11,007
- Profit (loss) carried forward -€10,793
down €10,793 (-75.8%), from €14,240 to €3,446
- Advances received +€5,141
up €5,141 (+297%), from €1,731 to €6,873
- Other debts -€4,200
no longer reported in 2025 (was €4,200)
- Tax, wage and social debts -€2,443
down €2,443 (-28.2%), from €8,667 to €6,224
of which Remuneration and social security: -€2,381
- Trade debts -€1,765
down €1,765 (-64.8%), from €2,724 to €960
- Gross operating margin -€20,197
down €20,197 (-60.1%), from €33,601 to €13,404
- Staff costs +€3,013
up €3,013 (+16.4%), from €18,368 to €21,381
- Depreciation +€2,007
up €2,007 (+202%), from €993 to €3,000
- Other operating charges +€390
new in 2025: €390
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 | €33,562 | €19,503 | -€14,060 | -41.9% |
| Fixed assets | 21/28 | €14,007 | €11,007 | -€3,000 | -21.4% |
| Tangible fixed assets | 22/27 | €14,007 | €11,007 | -€3,000 | -21.4% |
| Furniture and vehicles | 24 | €14,007 | €11,007 | -€3,000 | -21.4% |
| Current assets | 29/58 | €19,556 | €8,496 | -€11,060 | -56.6% |
| Amounts receivable within one year | 40/41 | €11,698 | €5,203 | -€6,495 | -55.5% |
| Trade receivables | 40 | €9,038 | €2,784 | -€6,254 | -69.2% |
| Other amounts receivable | 41 | €2,660 | €2,419 | -€241 | -9.1% |
| Cash at bank and in hand | 54/58 | €7,858 | €3,293 | -€4,565 | -58.1% |
| Total equity and liabilities | 10/49 | €33,562 | €19,503 | -€14,060 | -41.9% |
| Equity | 10/15 | €16,240 | €5,446 | -€10,793 | -66.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,240 | €3,446 | -€10,793 | -75.8% |
| Amounts payable | 17/49 | €17,323 | €14,056 | -€3,266 | -18.9% |
| Amounts payable within one year | 42/48 | €17,323 | €14,056 | -€3,266 | -18.9% |
| Trade debts | 44 | €2,724 | €960 | -€1,765 | -64.8% |
| Suppliers | 440/4 | €2,724 | €960 | -€1,765 | -64.8% |
| Advances received on contracts in progress | 46 | €1,731 | €6,873 | +€5,141 | +297% |
| Taxes, remuneration and social security | 45 | €8,667 | €6,224 | -€2,443 | -28.2% |
| Taxes | 450/3 | €1,535 | €1,473 | -€62 | -4.1% |
| Remuneration and social security | 454/9 | €7,132 | €4,752 | -€2,381 | -33.4% |
| Other amounts payable | 47/48 | €4,200 | - | -€4,200 | |
| Remuneration, social security and pensions | 62 | €18,368 | €21,381 | +€3,013 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €993 | €3,000 | +€2,007 | +202% |
| Other operating charges | 640/8 | - | €390 | +€390 | |
| Gross operating margin | 9900 | €33,601 | €13,404 | -€20,197 | -60.1% |
| Operating profit (loss) | 9901 | €14,240 | -€11,368 | -€25,607 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €0 | €150 | +€150 | +37,400% |
| Recurring financial charges | 65 | €0 | €150 | +€150 | +37,400% |
| Profit (loss) for the period before taxes | 9903 | €14,240 | -€11,513 | -€25,752 | |
| Profit (loss) for the period | 9904 | €14,240 | -€11,513 | -€25,752 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,240 | -€11,513 | -€25,752 |
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.