BAS LES MASQUES: 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.
BAS LES MASQUES
Largest movements
- Deferred charges and accrued income +€19,177
up €19,177 (+120.5%), from €15,916 to €35,093
- Receivables within one year -€6,541
down €6,541 (-14.8%), from €44,120 to €37,579
of which Trade receivables: -€8,379
- Intangible fixed assets -€4,666
down €4,666 (-17.9%), from €26,055 to €21,389
- Tangible fixed assets -€4,371
down €4,371 (-13.2%), from €33,066 to €28,694
of which Plant, machinery and equipment: -€5,111
- Cash -€4,267
down €4,267 (-12.2%), from €35,021 to €30,754
mainly Net result for the year (-€61,433) and Deferred charges and accrued income (-€19,177)
- Profit (loss) carried forward -€61,433
down €61,433, from €45,609 to -€15,824
- Trade debts +€32,629
up €32,629 (+72.5%), from €45,023 to €77,652
- Short-term financial debts +€20,000
new in 2025: €20,000
- Tax, wage and social debts +€9,670
up €9,670 (+17.2%), from €56,215 to €65,885
- Gross operating margin +€47,348
up €47,348 (+15.3%), from €309,646 to €356,994
- Staff costs +€28,956
up €28,956 (+8.3%), from €350,351 to €379,307
- Financial charges +€9,952
up €9,952 (+608.4%), from €1,636 to €11,588
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 | €170,266 | €171,917 | +€1,651 | +1.0% |
| Fixed assets | 21/28 | €63,001 | €54,013 | -€8,987 | -14.3% |
| Intangible fixed assets | 21 | €26,055 | €21,389 | -€4,666 | -17.9% |
| Tangible fixed assets | 22/27 | €33,066 | €28,694 | -€4,371 | -13.2% |
| Plant, machinery and equipment | 23 | €31,356 | €26,245 | -€5,111 | -16.3% |
| Furniture and vehicles | 24 | €1,709 | €2,450 | +€740 | +43.3% |
| Financial fixed assets | 28 | €3,880 | €3,930 | +€50 | +1.3% |
| Current assets | 29/58 | €107,266 | €117,904 | +€10,638 | +9.9% |
| Stocks and contracts in progress | 3 | €12,209 | €14,478 | +€2,269 | +18.6% |
| Stocks | 30/36 | €12,209 | €14,478 | +€2,269 | +18.6% |
| Amounts receivable within one year | 40/41 | €44,120 | €37,579 | -€6,541 | -14.8% |
| Trade receivables | 40 | €43,570 | €35,191 | -€8,379 | -19.2% |
| Other amounts receivable | 41 | €550 | €2,388 | +€1,838 | +334.2% |
| Cash at bank and in hand | 54/58 | €35,021 | €30,754 | -€4,267 | -12.2% |
| Deferred charges and accrued income | 490/1 | €15,916 | €35,093 | +€19,177 | +120.5% |
| Total equity and liabilities | 10/49 | €170,266 | €171,917 | +€1,651 | +1.0% |
| Equity | 10/15 | €64,623 | €3,190 | -€61,433 | -95.1% |
| Contributions | 10/11 | €19,014 | €19,014 | = | 0.0% |
| Capital | 10 | €19,014 | €19,014 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,609 | -€15,824 | -€61,433 | |
| Amounts payable | 17/49 | €105,644 | €168,727 | +€63,083 | +59.7% |
| Amounts payable within one year | 42/48 | €101,238 | €163,536 | +€62,299 | +61.5% |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Other loans | 439 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €45,023 | €77,652 | +€32,629 | +72.5% |
| Suppliers | 440/4 | €45,023 | €77,652 | +€32,629 | +72.5% |
| Taxes, remuneration and social security | 45 | €56,215 | €65,885 | +€9,670 | +17.2% |
| Remuneration and social security | 454/9 | €56,215 | €65,885 | +€9,670 | +17.2% |
| Accrued charges and deferred income | 492/3 | €4,406 | €5,191 | +€785 | +17.8% |
| Remuneration, social security and pensions | 62 | €350,351 | €379,307 | +€28,956 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,928 | €22,443 | +€2,515 | +12.6% |
| Other operating charges | 640/8 | €838 | €3,237 | +€2,399 | +286.4% |
| Non-recurring operating charges | 66A | €1,654 | €137 | -€1,518 | -91.7% |
| Gross operating margin | 9900 | €309,646 | €356,994 | +€47,348 | +15.3% |
| Operating profit (loss) | 9901 | -€63,125 | -€48,129 | +€14,996 | +23.8% |
| Financial income | 75/76B | €11 | €377 | +€366 | +3425.9% |
| Recurring financial income | 75 | €11 | €377 | +€366 | +3425.9% |
| Financial charges | 65/66B | €1,636 | €11,588 | +€9,952 | +608.4% |
| Recurring financial charges | 65 | €1,636 | €11,588 | +€9,952 | +608.4% |
| Profit (loss) for the period before taxes | 9903 | -€64,750 | -€59,340 | +€5,410 | +8.4% |
| Income taxes | 67/77 | €1,951 | €2,093 | +€142 | +7.3% |
| Profit (loss) for the period | 9904 | -€66,701 | -€61,433 | +€5,268 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,701 | -€61,433 | +€5,268 | +7.9% |
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 9 October 2026 via checked.be.