Dr MASENS: 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.
Dr MASENS
Largest movements
- Receivables within one year +€189,154
up €189,154 (+9.2%), from €2.1m to €2.2m
- Reserves +€234,137
up €234,137 (+12.2%), from €1.9m to €2.1m
of which Distributable reserves: +€234,137
- Tax, wage and social debts -€29,809
down €29,809 (-25.0%), from €119,215 to €89,406
- Gross operating margin -€110,668
down €110,668 (-26.1%), from €424,776 to €314,108
- Taxes -€28,207
down €28,207 (-27.4%), from €102,768 to €74,561
- Financial charges -€6,286
down €6,286 (-58.1%), from €10,815 to €4,528
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 | €2,064,013 | €2,264,601 | +€200,588 | +9.7% |
| Fixed assets | 21/28 | €5,000 | €5,490 | +€490 | +9.8% |
| Financial fixed assets | 28 | €5,000 | €5,490 | +€490 | +9.8% |
| Current assets | 29/58 | €2,059,013 | €2,259,111 | +€200,098 | +9.7% |
| Amounts receivable within one year | 40/41 | €2,058,012 | €2,247,166 | +€189,154 | +9.2% |
| Other amounts receivable | 41 | €2,058,012 | €2,247,166 | +€189,154 | +9.2% |
| Cash at bank and in hand | 54/58 | €1,001 | €11,944 | +€10,943 | +1,093% |
| Total equity and liabilities | 10/49 | €2,064,013 | €2,264,601 | +€200,588 | +9.7% |
| Equity | 10/15 | €1,926,058 | €2,160,194 | +€234,137 | +12.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,913,658 | €2,147,794 | +€234,137 | +12.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,911,798 | €2,145,934 | +€234,137 | +12.2% |
| Amounts payable | 17/49 | €137,955 | €104,406 | -€33,549 | -24.3% |
| Amounts payable within one year | 42/48 | €137,955 | €104,406 | -€33,549 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €12,500 | €12,500 | = | 0.0% |
| Trade debts | 44 | €6,241 | €2,500 | -€3,741 | -59.9% |
| Suppliers | 440/4 | €6,241 | €2,500 | -€3,741 | -59.9% |
| Taxes, remuneration and social security | 45 | €119,215 | €89,406 | -€29,809 | -25.0% |
| Taxes | 450/3 | €119,215 | €89,406 | -€29,809 | -25.0% |
| Other operating charges | 640/8 | €1,127 | €882 | -€246 | -21.8% |
| Gross operating margin | 9900 | €424,776 | €314,108 | -€110,668 | -26.1% |
| Operating profit (loss) | 9901 | €423,649 | €313,226 | -€110,423 | -26.1% |
| Financial charges | 65/66B | €10,815 | €4,528 | -€6,286 | -58.1% |
| Recurring financial charges | 65 | €10,815 | €4,528 | -€6,286 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | €412,834 | €308,698 | -€104,136 | -25.2% |
| Income taxes | 67/77 | €102,768 | €74,561 | -€28,207 | -27.4% |
| Profit (loss) for the period | 9904 | €310,066 | €234,137 | -€75,929 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €310,066 | €234,137 | -€75,929 | -24.5% |
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.