MAAAT: 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.
What changed
MAAAT
NACE 88.993, Social work activities without accommodation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €83,141+€1.7m
Equity
€11.3m
2024 · €9.5m+€1.8m
Cash
€1.9m
2024 · €1.8m+€51,362
Balance sheet total
€15.7m
2024 · €13.4m+€2.3m
Largest movements
Assets
- Current investments +€3.0m
up €3.0m (+600.0%), from €500,000 to €3.5m
- Tangible fixed assets -€556,976
down €556,976 (-5.9%), from €9.5m to €8.9m
of which Plant, machinery and equipment: -€481,645
Equity and liabilities
- Reserves +€1.6m
up €1.6m (+18.9%), from €8.6m to €10.2m
- Accrued charges and deferred income +€303,394
up €303,394 (+401.3%), from €75,604 to €378,998
- Trade debts +€288,008
up €288,008 (+105.0%), from €274,167 to €562,175
- Debts after one year -€195,556
down €195,556 (-8.5%), from €2.3m to €2.1m
- Profit (loss) carried forward +€171,933
up €171,933 (+20.8%), from €828,067 to €1.0m
Income statement
- Turnover -€504,900
down €504,900 (-12.2%), from €4.2m to €3.6m
- Staff costs +€242,305
up €242,305 (+3.9%), from €6.2m to €6.4m
- Goods and materials -€206,306
down €206,306 (-19.7%), from €1.0m to €839,479
of which Change in stocks: decrease (increase): -€164,698
- Depreciation -€95,250
down €95,250 (-15.8%), from €602,174 to €506,925
- Services and other goods -€67,405
down €67,405 (-6.5%), from €1.0m to €962,856
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.
Result 2024
€83,141
Turnover
-€504,900
Other operating income
-€11,710
Goods and materials
+€206,306
Services and other goods
+€67,405
Staff costs
-€242,305
Depreciation
+€95,250
Write-downs
-€3,572
Other operating charges
+€5,416
Other operating items
+€2.1m
Financial income
-€8,073
Financial charges
+€1,309
Taxes
+€756
Result 2025
€1.8m
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.
From operations
+€3.1m
Investment
-€2.9m
Financing
-€203,042
Cash 2024
€1.8m
From operations (derived)
+€3.1m
Net result for the year
+€1.8m
Depreciation
+€506,925
Stocks and contracts
-€838
Receivables within one year
+€126,395
Deferred charges and accrued income
-€20,829
Trade debts
+€288,008
Tax, wage and social debts
+€160,866
Accrued charges and deferred income
+€303,394
Investment (derived)
-€2.9m
Investment in fixed assets (net)
+€105,184
Current investments
-€3.0m
Financing
-€203,042
Debts after one year
-€195,556
Current portion of long-term debt
+€1,290
Contributions, distributions and other
-€8,776
Cash 2025
€1.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,369,297 | €15,703,823 | +€2.3m | +17.5% |
| Fixed assets | 21/28 | €9,680,333 | €9,068,224 | -€612,108 | -6.3% |
| Intangible fixed assets | 21 | €199,949 | €144,777 | -€55,172 | -27.6% |
| Tangible fixed assets | 22/27 | €9,478,093 | €8,921,117 | -€556,976 | -5.9% |
| Land and buildings | 22 | €7,181,698 | €7,069,050 | -€112,648 | -1.6% |
| Plant, machinery and equipment | 23 | €1,287,407 | €805,762 | -€481,645 | -37.4% |
| Furniture and vehicles | 24 | €165,593 | €172,039 | +€6,446 | +3.9% |
| Assets under construction and advance payments | 27 | €843,395 | €874,266 | +€30,871 | +3.7% |
| Financial fixed assets | 28 | €2,290 | €2,330 | +€40 | +1.7% |
| Other financial fixed assets | 284/8 | €2,290 | €2,330 | +€40 | +1.7% |
| Amounts receivable and cash guarantees | 285/8 | €2,290 | €2,330 | +€40 | +1.7% |
| Current assets | 29/58 | €3,688,964 | €6,635,599 | +€2.9m | +79.9% |
| Stocks and contracts in progress | 3 | €310,810 | €311,648 | +€838 | +0.3% |
| Stocks | 30/36 | €310,810 | €311,648 | +€838 | +0.3% |
| Raw materials and consumables | 30/31 | €265,131 | €238,191 | -€26,941 | -10.2% |
| Finished goods | 33 | €45,679 | €73,458 | +€27,779 | +60.8% |
| Amounts receivable within one year | 40/41 | €894,238 | €767,843 | -€126,395 | -14.1% |
| Trade receivables | 40 | €740,573 | €668,506 | -€72,067 | -9.7% |
| Other amounts receivable | 41 | €153,665 | €99,337 | -€54,328 | -35.4% |
| Current investments | 50/53 | €500,000 | €3,500,000 | +€3.0m | +600.0% |
| Cash at bank and in hand | 54/58 | €1,816,620 | €1,867,982 | +€51,362 | +2.8% |
| Deferred charges and accrued income | 490/1 | €167,295 | €188,125 | +€20,829 | +12.5% |
| Total equity and liabilities | 10/49 | €13,369,297 | €15,703,823 | +€2.3m | +17.5% |
| Equity | 10/15 | €9,501,769 | €11,278,293 | +€1.8m | +18.7% |
| Contributions | 10/11 | €39,564 | €39,564 | = | 0.0% |
| Capital | 10 | €39,564 | €39,564 | = | 0.0% |
| Reserves | 13 | €8,551,620 | €10,164,987 | +€1.6m | +18.9% |
| Profit (loss) carried forward | 14 | €828,067 | €1,000,000 | +€171,933 | +20.8% |
| Investment grants | 15 | €82,519 | €73,742 | -€8,776 | -10.6% |
| Provisions and deferred taxes | 16 | €24,000 | €24,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €24,000 | €24,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €24,000 | €24,000 | = | 0.0% |
| Amounts payable | 17/49 | €3,843,528 | €4,401,530 | +€558,003 | +14.5% |
| Amounts payable after more than one year | 17 | €2,293,935 | €2,098,379 | -€195,556 | -8.5% |
| Financial debts | 170/4 | €2,293,935 | €2,098,379 | -€195,556 | -8.5% |
| Credit institutions | 173 | €2,293,935 | €2,098,379 | -€195,556 | -8.5% |
| Amounts payable within one year | 42/48 | €1,473,989 | €1,924,153 | +€450,164 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | €194,266 | €195,556 | +€1,290 | +0.7% |
| Trade debts | 44 | €274,167 | €562,175 | +€288,008 | +105.0% |
| Suppliers | 440/4 | €274,167 | €562,175 | +€288,008 | +105.0% |
| Taxes, remuneration and social security | 45 | €1,005,556 | €1,166,422 | +€160,866 | +16.0% |
| Taxes | 450/3 | €153,506 | €232,175 | +€78,669 | +51.2% |
| Remuneration and social security | 454/9 | €852,051 | €934,248 | +€82,197 | +9.6% |
| Accrued charges and deferred income | 492/3 | €75,604 | €378,998 | +€303,394 | +401.3% |
| Operating income | 70/76A | €8,821,575 | €10,876,576 | +€2.1m | +23.3% |
| Turnover | 70 | €4,150,649 | €3,645,749 | -€504,900 | -12.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€10,224 | €27,779 | +€38,003 | |
| Membership fees, donations, legacies and grants | 73 | €4,149,185 | €4,250,681 | +€101,496 | +2.4% |
| Other operating income | 74 | €485,595 | €473,885 | -€11,710 | -2.4% |
| Non-recurring operating income | 76A | €46,370 | €2,478,482 | +€2.4m | +5245.0% |
| Operating charges | 60/66A | €8,753,817 | €9,100,651 | +€346,833 | +4.0% |
| Goods for resale, raw materials and consumables | 60 | €1,045,785 | €839,479 | -€206,306 | -19.7% |
| Purchases | 600/8 | €854,147 | €812,539 | -€41,609 | -4.9% |
| Change in stocks: decrease (increase) | 609 | €191,638 | €26,941 | -€164,698 | -85.9% |
| Services and other goods | 61 | €1,030,261 | €962,856 | -€67,405 | -6.5% |
| Remuneration, social security and pensions | 62 | €6,197,322 | €6,439,627 | +€242,305 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €602,174 | €506,925 | -€95,250 | -15.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,572 | +€3,572 | |
| Other operating charges | 640/8 | €30,275 | €24,859 | -€5,416 | -17.9% |
| Non-recurring operating charges | 66A | - | €323,333 | +€323,333 | |
| Operating profit (loss) | 9901 | €67,757 | €1,775,925 | +€1.7m | +2521.0% |
| Financial income | 75/76B | €44,625 | €36,551 | -€8,073 | -18.1% |
| Recurring financial income | 75 | €44,625 | €36,551 | -€8,073 | -18.1% |
| Income from current assets | 751 | €38,396 | €35,215 | -€3,181 | -8.3% |
| Other financial income | 752/9 | €6,229 | €1,336 | -€4,893 | -78.5% |
| Financial charges | 65/66B | €18,114 | €16,805 | -€1,309 | -7.2% |
| Recurring financial charges | 65 | €18,114 | €16,805 | -€1,309 | -7.2% |
| Debt charges | 650 | €17,166 | €15,885 | -€1,282 | -7.5% |
| Other financial charges | 652/9 | €947 | €920 | -€27 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €94,268 | €1,795,671 | +€1.7m | +1804.9% |
| Income taxes | 67/77 | €11,127 | €10,371 | -€756 | -6.8% |
| Taxes | 670/3 | €11,127 | €10,371 | -€756 | -6.8% |
| Profit (loss) for the period | 9904 | €83,141 | €1,785,300 | +€1.7m | +2047.3% |
| Profit (loss) for the period to be appropriated | 9905 | €83,141 | €1,785,300 | +€1.7m | +2047.3% |
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.