AB+MA: 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.
AB+MA
Largest movements
- Cash -€2,433
down €2,433 (-98.3%), from €2,475 to €42
mainly Contributions, distributions and other (-€6,200) and Tax, wage and social debts (-€4)
- Receivables within one year -€998
down €998 (-68.7%), from €1,453 to €455
- Contributions -€6,200
no longer reported in 2026 (was €6,200)
- Profit (loss) carried forward +€3,141
up €3,141, from -€3,032 to €110
- Reserves -€368
no longer reported in 2026 (was €368)
- Turnover -€2,815
down €2,815 (-18.0%), from €15,661 to €12,846
- Gross operating margin -€2,688
down €2,688 (-48.9%), from €5,501 to €2,813
- Taxes -€1,516
down €1,516 (-94.5%), from €1,605 to €88
- Depreciation -€440
no longer reported in 2026 (was €440)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,928 | €498 | -€3,431 | -87.3% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €3,928 | €498 | -€3,431 | -87.3% |
| Amounts receivable within one year | 40/41 | €1,453 | €455 | -€998 | -68.7% |
| Trade receivables | 40 | €1,453 | €455 | -€998 | -68.7% |
| Cash at bank and in hand | 54/58 | €2,475 | €42 | -€2,433 | -98.3% |
| Total equity and liabilities | 10/49 | €3,928 | €498 | -€3,431 | -87.3% |
| Equity | 10/15 | €3,536 | €110 | -€3,426 | -96.9% |
| Contributions | 10/11 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €368 | - | -€368 | |
| Non-distributable reserves | 130/1 | €368 | - | -€368 | |
| Other | 1319 | €368 | - | -€368 | |
| Profit (loss) carried forward | 14 | -€3,032 | €110 | +€3,141 | |
| Amounts payable | 17/49 | €392 | €388 | -€4 | -1.1% |
| Amounts payable within one year | 42/48 | €392 | €388 | -€4 | -1.1% |
| Taxes, remuneration and social security | 45 | €392 | €388 | -€4 | -1.1% |
| Taxes | 450/3 | €392 | €388 | -€4 | -1.1% |
| Turnover | 70 | €15,661 | €12,846 | -€2,815 | -18.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,169 | €10,033 | -€136 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €440 | - | -€440 | |
| Gross operating margin | 9900 | €5,501 | €2,813 | -€2,688 | -48.9% |
| Operating profit (loss) | 9901 | €5,062 | €2,813 | -€2,249 | -44.4% |
| Financial income | 75/76B | €100 | €93 | -€7 | -6.8% |
| Recurring financial income | 75 | €100 | €93 | -€7 | -6.8% |
| Financial charges | 65/66B | €42 | €45 | +€3 | +6.1% |
| Recurring financial charges | 65 | €42 | €45 | +€3 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €5,120 | €2,862 | -€2,258 | -44.1% |
| Income taxes | 67/77 | €1,605 | €88 | -€1,516 | -94.5% |
| Profit (loss) for the period | 9904 | €3,515 | €2,774 | -€742 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,515 | €2,774 | -€742 | -21.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.