MA3: 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.
MA3
Largest movements
- Tangible fixed assets -€41,798
down €41,798 (-7.7%), from €541,012 to €499,214
- Debts after one year -€77,336
down €77,336 (-29.1%), from €265,771 to €188,436
- Reserves +€17,000
up €17,000 (+111.8%), from €15,200 to €32,200
- Other debts +€10,895
up €10,895 (+7.1%), from €152,375 to €163,270
- Financial charges -€3,048
down €3,048 (-20.9%), from €14,556 to €11,508
- Taxes +€1,333
up €1,333 (+17.4%), from €7,645 to €8,978
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 | €552,822 | €508,798 | -€44,024 | -8.0% |
| Fixed assets | 21/28 | €541,012 | €499,214 | -€41,798 | -7.7% |
| Tangible fixed assets | 22/27 | €541,012 | €499,214 | -€41,798 | -7.7% |
| Land and buildings | 22 | €541,012 | €499,214 | -€41,798 | -7.7% |
| Current assets | 29/58 | €11,810 | €9,584 | -€2,226 | -18.8% |
| Cash at bank and in hand | 54/58 | €10,136 | €7,858 | -€2,278 | -22.5% |
| Deferred charges and accrued income | 490/1 | €1,674 | €1,726 | +€53 | +3.1% |
| Total equity and liabilities | 10/49 | €552,822 | €508,798 | -€44,024 | -8.0% |
| Equity | 10/15 | €49,169 | €66,900 | +€17,731 | +36.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,200 | €32,200 | +€17,000 | +111.8% |
| Distributable reserves | 133 | €15,200 | €32,200 | +€17,000 | +111.8% |
| Profit (loss) carried forward | 14 | €15,369 | €16,100 | +€731 | +4.8% |
| Amounts payable | 17/49 | €503,653 | €441,899 | -€61,755 | -12.3% |
| Amounts payable after more than one year | 17 | €265,771 | €188,436 | -€77,336 | -29.1% |
| Financial debts | 170/4 | €265,771 | €188,436 | -€77,336 | -29.1% |
| Amounts payable within one year | 42/48 | €237,882 | €253,463 | +€15,581 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €74,101 | €77,336 | +€3,235 | +4.4% |
| Trade debts | 44 | €3,761 | €3,879 | +€118 | +3.1% |
| Suppliers | 440/4 | €3,761 | €3,879 | +€118 | +3.1% |
| Taxes, remuneration and social security | 45 | €7,645 | €8,978 | +€1,333 | +17.4% |
| Taxes | 450/3 | €7,645 | €8,978 | +€1,333 | +17.4% |
| Other amounts payable | 47/48 | €152,375 | €163,270 | +€10,895 | +7.1% |
| Turnover | 70 | €96,500 | €96,500 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €12,439 | €11,645 | -€793 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,798 | €41,798 | = | 0.0% |
| Other operating charges | 640/8 | €4,681 | €4,839 | +€158 | +3.4% |
| Gross operating margin | 9900 | €84,061 | €84,855 | +€793 | +0.9% |
| Operating profit (loss) | 9901 | €37,582 | €38,218 | +€635 | +1.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €14,556 | €11,508 | -€3,048 | -20.9% |
| Recurring financial charges | 65 | €14,556 | €11,508 | -€3,048 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €23,026 | €26,709 | +€3,683 | +16.0% |
| Income taxes | 67/77 | €7,645 | €8,978 | +€1,333 | +17.4% |
| Profit (loss) for the period | 9904 | €15,381 | €17,731 | +€2,350 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,381 | €17,731 | +€2,350 | +15.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.