B-MASCO: 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.
B-MASCO
Largest movements
- Tangible fixed assets +€97,574
up €97,574 (+229%), from €42,524 to €140,099
of which Furniture and vehicles: +€97,780
- Current investments -€50,000
down €50,000 (-9.7%), from €514,257 to €464,257
- Receivables within one year +€19,500
up €19,500 (+16.4%), from €118,580 to €138,080
- Cash -€14,733
down €14,733 (-6.7%), from €220,063 to €205,329
mainly Investment in fixed assets (net) (-€111,030) and Contributions, distributions and other (-€62,651)
- Reserves +€89,463
up €89,463 (+10.7%), from €836,417 to €925,880
- Tax, wage and social debts -€34,553
down €34,553 (-74.1%), from €46,660 to €12,107
of which Taxes: -€31,833
- Gross operating margin -€54,770
down €54,770 (-20.3%), from €269,731 to €214,961
- Financial income +€15,103
up €15,103 (+921%), from €1,640 to €16,744
- Depreciation -€12,882
down €12,882 (-48.9%), from €26,337 to €13,455
- Taxes -€8,550
down €8,550 (-11.6%), from €73,882 to €65,332
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 | €896,738 | €950,501 | +€53,763 | +6.0% |
| Fixed assets | 21/28 | €42,549 | €140,124 | +€97,574 | +229% |
| Tangible fixed assets | 22/27 | €42,524 | €140,099 | +€97,574 | +229% |
| Furniture and vehicles | 24 | €42,044 | €139,824 | +€97,780 | +233% |
| Other tangible fixed assets | 26 | €480 | €275 | -€205 | -42.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €854,188 | €810,377 | -€43,811 | -5.1% |
| Amounts receivable within one year | 40/41 | €118,580 | €138,080 | +€19,500 | +16.4% |
| Trade receivables | 40 | €118,580 | €138,080 | +€19,500 | +16.4% |
| Current investments | 50/53 | €514,257 | €464,257 | -€50,000 | -9.7% |
| Cash at bank and in hand | 54/58 | €220,063 | €205,329 | -€14,733 | -6.7% |
| Deferred charges and accrued income | 490/1 | €1,288 | €2,710 | +€1,422 | +110% |
| Total equity and liabilities | 10/49 | €896,738 | €950,501 | +€53,763 | +6.0% |
| Equity | 10/15 | €842,617 | €932,080 | +€89,463 | +10.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €836,417 | €925,880 | +€89,463 | +10.7% |
| Distributable reserves | 133 | €836,417 | €925,880 | +€89,463 | +10.7% |
| Amounts payable | 17/49 | €54,120 | €18,421 | -€35,700 | -66.0% |
| Amounts payable within one year | 42/48 | €54,120 | €15,738 | -€38,382 | -70.9% |
| Trade debts | 44 | €7,087 | €3,258 | -€3,829 | -54.0% |
| Suppliers | 440/4 | €7,087 | €3,258 | -€3,829 | -54.0% |
| Taxes, remuneration and social security | 45 | €46,660 | €12,107 | -€34,553 | -74.1% |
| Taxes | 450/3 | €43,940 | €12,107 | -€31,833 | -72.4% |
| Remuneration and social security | 454/9 | €2,720 | - | -€2,720 | |
| Other amounts payable | 47/48 | €373 | €373 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,682 | +€2,682 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,337 | €13,455 | -€12,882 | -48.9% |
| Other operating charges | 640/8 | €563 | €656 | +€93 | +16.6% |
| Gross operating margin | 9900 | €269,731 | €214,961 | -€54,770 | -20.3% |
| Operating profit (loss) | 9901 | €242,831 | €200,849 | -€41,981 | -17.3% |
| Financial income | 75/76B | €1,640 | €16,744 | +€15,103 | +921% |
| Recurring financial income | 75 | €1,640 | €16,744 | +€15,103 | +921% |
| Financial charges | 65/66B | €147 | €147 | +€1 | +0.6% |
| Recurring financial charges | 65 | €147 | €147 | +€1 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €244,325 | €217,446 | -€26,879 | -11.0% |
| Income taxes | 67/77 | €73,882 | €65,332 | -€8,550 | -11.6% |
| Profit (loss) for the period | 9904 | €170,443 | €152,114 | -€18,329 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €170,443 | €152,114 | -€18,329 | -10.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.