TheMa Nursing: 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.
TheMa Nursing
Largest movements
- Tangible fixed assets +€33,909
up €33,909 (+159%), from €21,328 to €55,237
- Cash +€10,042
up €10,042 (+7.2%), from €139,202 to €149,244
mainly Net result for the year (+€52,640) and Depreciation (+€22,326)
- Receivables within one year -€5,311
down €5,311 (-13.5%), from €39,233 to €33,922
of which Trade receivables: -€6,603
- Reserves +€38,000
up €38,000 (+19.9%), from €190,753 to €228,753
- Gross operating margin +€28,106
up €28,106 (+44.7%), from €62,864 to €90,970
- Depreciation +€7,074
up €7,074 (+46.4%), from €15,252 to €22,326
- Taxes -€3,911
down €3,911 (-21.0%), from €18,638 to €14,727
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 | €199,763 | €238,403 | +€38,640 | +19.3% |
| Fixed assets | 21/28 | €21,328 | €55,237 | +€33,909 | +159% |
| Tangible fixed assets | 22/27 | €21,328 | €55,237 | +€33,909 | +159% |
| Furniture and vehicles | 24 | €21,328 | €55,237 | +€33,909 | +159% |
| Current assets | 29/58 | €178,435 | €183,166 | +€4,731 | +2.7% |
| Amounts receivable within one year | 40/41 | €39,233 | €33,922 | -€5,311 | -13.5% |
| Trade receivables | 40 | €17,103 | €10,500 | -€6,603 | -38.6% |
| Other amounts receivable | 41 | €22,130 | €23,422 | +€1,292 | +5.8% |
| Cash at bank and in hand | 54/58 | €139,202 | €149,244 | +€10,042 | +7.2% |
| Total equity and liabilities | 10/49 | €199,763 | €238,403 | +€38,640 | +19.3% |
| Equity | 10/15 | €199,763 | €238,403 | +€38,640 | +19.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €190,753 | €228,753 | +€38,000 | +19.9% |
| Distributable reserves | 133 | €190,753 | €228,753 | +€38,000 | +19.9% |
| Profit (loss) carried forward | 14 | €2,810 | €3,450 | +€640 | +22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,252 | €22,326 | +€7,074 | +46.4% |
| Other operating charges | 640/8 | €798 | €1,077 | +€279 | +35.0% |
| Gross operating margin | 9900 | €62,864 | €90,970 | +€28,106 | +44.7% |
| Operating profit (loss) | 9901 | €46,814 | €67,567 | +€20,753 | +44.3% |
| Financial charges | 65/66B | €115 | €200 | +€85 | +73.9% |
| Recurring financial charges | 65 | €115 | €200 | +€85 | +73.9% |
| Profit (loss) for the period before taxes | 9903 | €46,699 | €67,367 | +€20,668 | +44.3% |
| Income taxes | 67/77 | €18,638 | €14,727 | -€3,911 | -21.0% |
| Profit (loss) for the period | 9904 | €28,061 | €52,640 | +€24,579 | +87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,061 | €52,640 | +€24,579 | +87.6% |
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 14 October 2026 via checked.be.