MNA CONSTRUCT: 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.
MNA CONSTRUCT
Largest movements
- Receivables within one year -€41,991
down €41,991 (-53.4%), from €78,703 to €36,711
of which Trade receivables: -€41,079
- Tangible fixed assets -€7,494
down €7,494 (-35.4%), from €21,146 to €13,651
of which Furniture and vehicles: -€8,837
- Deferred charges and accrued income +€2,342
up €2,342 (+69.7%), from €3,360 to €5,702
- Trade debts -€36,430
down €36,430 (-74.7%), from €48,782 to €12,352
of which Bills of exchange payable: -€48,222
- Other debts -€7,500
no longer reported in 2025 (was €7,500)
- Debts after one year -€4,904
down €4,904 (-31.6%), from €15,529 to €10,625
- Purchases and services -€8,570
down €8,570 (-20.8%), from €41,132 to €32,562
- Gross operating margin -€6,166
down €6,166 (-31.5%), from €19,573 to €13,407
- Turnover -€5,505
down €5,505 (-11.5%), from €47,795 to €42,290
- Financial income -€1,196
no longer reported in 2025 (was €1,196)
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 | €104,691 | €57,301 | -€47,390 | -45.3% |
| Fixed assets | 21/28 | €21,146 | €13,651 | -€7,494 | -35.4% |
| Tangible fixed assets | 22/27 | €21,146 | €13,651 | -€7,494 | -35.4% |
| Plant, machinery and equipment | 23 | €741 | €2,083 | +€1,342 | +181.3% |
| Furniture and vehicles | 24 | €20,405 | €11,569 | -€8,837 | -43.3% |
| Current assets | 29/58 | €83,545 | €43,649 | -€39,896 | -47.8% |
| Amounts receivable within one year | 40/41 | €78,703 | €36,711 | -€41,991 | -53.4% |
| Trade receivables | 40 | €61,395 | €20,316 | -€41,079 | -66.9% |
| Other amounts receivable | 41 | €17,308 | €16,395 | -€913 | -5.3% |
| Cash at bank and in hand | 54/58 | €1,483 | €1,236 | -€247 | -16.6% |
| Deferred charges and accrued income | 490/1 | €3,360 | €5,702 | +€2,342 | +69.7% |
| Total equity and liabilities | 10/49 | €104,691 | €57,301 | -€47,390 | -45.3% |
| Equity | 10/15 | €24,996 | €25,697 | +€702 | +2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,796 | €19,497 | +€702 | +3.7% |
| Amounts payable | 17/49 | €79,696 | €31,604 | -€48,092 | -60.3% |
| Amounts payable after more than one year | 17 | €15,529 | €10,625 | -€4,904 | -31.6% |
| Financial debts | 170/4 | €15,529 | €10,625 | -€4,904 | -31.6% |
| Amounts payable within one year | 42/48 | €64,167 | €20,979 | -€43,188 | -67.3% |
| Current portion of amounts payable after more than one year | 42 | €1,609 | €1,609 | = | 0.0% |
| Trade debts | 44 | €48,782 | €12,352 | -€36,430 | -74.7% |
| Suppliers | 440/4 | €560 | €12,352 | +€11,791 | +2105.0% |
| Bills of exchange payable | 441 | €48,222 | - | -€48,222 | |
| Taxes, remuneration and social security | 45 | €6,276 | €7,018 | +€742 | +11.8% |
| Taxes | 450/3 | €2,826 | €3,568 | +€742 | +26.3% |
| Remuneration and social security | 454/9 | €3,450 | €3,450 | = | 0.0% |
| Other amounts payable | 47/48 | €7,500 | - | -€7,500 | |
| Turnover | 70 | €47,795 | €42,290 | -€5,505 | -11.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €41,132 | €32,562 | -€8,570 | -20.8% |
| Remuneration, social security and pensions | 62 | €69 | - | -€69 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,288 | €10,707 | +€418 | +4.1% |
| Gross operating margin | 9900 | €19,573 | €13,407 | -€6,166 | -31.5% |
| Operating profit (loss) | 9901 | €9,216 | €2,700 | -€6,515 | -70.7% |
| Financial income | 75/76B | €1,196 | - | -€1,196 | |
| Recurring financial income | 75 | €1,196 | - | -€1,196 | |
| Financial charges | 65/66B | €282 | €257 | -€26 | -9.1% |
| Recurring financial charges | 65 | €282 | €257 | -€26 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €10,130 | €2,444 | -€7,686 | -75.9% |
| Income taxes | 67/77 | €1,826 | €1,742 | -€84 | -4.6% |
| Profit (loss) for the period | 9904 | €8,304 | €702 | -€7,602 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,304 | €702 | -€7,602 | -91.6% |
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 2 October 2026 via checked.be.