MA Technics: 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 Technics
Largest movements
- Tangible fixed assets +€280,064
up €280,064 (+183.2%), from €152,864 to €432,928
of which Land and buildings: +€298,302
- Cash -€119,142
down €119,142 (-97.3%), from €122,473 to €3,331
mainly Investment in fixed assets (net) (-€301,500) and Tax, wage and social debts (-€16,588)
- Receivables within one year -€46,011
down €46,011 (-17.7%), from €259,625 to €213,614
of which Trade receivables: -€60,026
- Other debts +€69,457
up €69,457 (+819.4%), from €8,476 to €77,933
- Trade debts +€54,145
up €54,145 (+103.5%), from €52,336 to €106,481
- Tax, wage and social debts -€16,588
down €16,588 (-13.3%), from €124,557 to €107,969
of which Taxes: -€23,746
- Reserves +€7,897
up €7,897 (+2.8%), from €282,664 to €290,561
- Staff costs +€125,015
up €125,015 (+50.3%), from €248,655 to €373,670
- Taxes -€44,416
down €44,416 (-92.3%), from €48,138 to €3,721
- Other operating charges +€28,005
up €28,005 (+133.7%), from €20,940 to €48,944
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 | €535,762 | €650,673 | +€114,912 | +21.4% |
| Fixed assets | 21/28 | €153,664 | €433,728 | +€280,064 | +182.3% |
| Tangible fixed assets | 22/27 | €152,864 | €432,928 | +€280,064 | +183.2% |
| Land and buildings | 22 | €119,812 | €418,114 | +€298,302 | +249.0% |
| Plant, machinery and equipment | 23 | €2,297 | €0 | -€2,297 | -100.0% |
| Furniture and vehicles | 24 | €30,755 | €14,814 | -€15,941 | -51.8% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €382,098 | €216,945 | -€165,153 | -43.2% |
| Amounts receivable within one year | 40/41 | €259,625 | €213,614 | -€46,011 | -17.7% |
| Trade receivables | 40 | €153,866 | €93,840 | -€60,026 | -39.0% |
| Other amounts receivable | 41 | €105,759 | €119,775 | +€14,015 | +13.3% |
| Cash at bank and in hand | 54/58 | €122,473 | €3,331 | -€119,142 | -97.3% |
| Total equity and liabilities | 10/49 | €535,762 | €650,673 | +€114,912 | +21.4% |
| Equity | 10/15 | €350,393 | €358,290 | +€7,897 | +2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €282,664 | €290,561 | +€7,897 | +2.8% |
| Distributable reserves | 133 | €282,664 | €290,561 | +€7,897 | +2.8% |
| Profit (loss) carried forward | 14 | €61,529 | €61,529 | = | 0.0% |
| Amounts payable | 17/49 | €185,369 | €292,383 | +€107,014 | +57.7% |
| Amounts payable within one year | 42/48 | €185,369 | €292,383 | +€107,014 | +57.7% |
| Trade debts | 44 | €52,336 | €106,481 | +€54,145 | +103.5% |
| Suppliers | 440/4 | €52,336 | €106,481 | +€54,145 | +103.5% |
| Taxes, remuneration and social security | 45 | €124,557 | €107,969 | -€16,588 | -13.3% |
| Taxes | 450/3 | €80,938 | €57,191 | -€23,746 | -29.3% |
| Remuneration and social security | 454/9 | €43,619 | €50,778 | +€7,158 | +16.4% |
| Other amounts payable | 47/48 | €8,476 | €77,933 | +€69,457 | +819.4% |
| Remuneration, social security and pensions | 62 | €248,655 | €373,670 | +€125,015 | +50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,827 | €21,436 | -€4,391 | -17.0% |
| Other operating charges | 640/8 | €20,940 | €48,944 | +€28,005 | +133.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €453,704 | €456,131 | +€2,427 | +0.5% |
| Operating profit (loss) | 9901 | €158,283 | €12,081 | -€146,202 | -92.4% |
| Financial income | 75/76B | €1 | €14 | +€14 | +2796.0% |
| Recurring financial income | 75 | €1 | €14 | +€14 | +2796.0% |
| Financial charges | 65/66B | €138 | €477 | +€339 | +245.7% |
| Recurring financial charges | 65 | €138 | €477 | +€339 | +245.7% |
| Profit (loss) for the period before taxes | 9903 | €158,146 | €11,619 | -€146,527 | -92.7% |
| Income taxes | 67/77 | €48,138 | €3,721 | -€44,416 | -92.3% |
| Profit (loss) for the period | 9904 | €110,008 | €7,897 | -€102,110 | -92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €110,008 | €7,897 | -€102,110 | -92.8% |
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 10 October 2026 via checked.be.