M.A.S. Risk Advisor: what changed
M.A.S. Risk Advisor
Largest movements
- Cash +€22,964
up €22,964 (+461%), from €4,979 to €27,944
mainly Net result for the year (+€75,791) and Tax, wage and social debts (+€49,239)
- Receivables within one year +€15,998
up €15,998 (+70.3%), from €22,750 to €38,748
of which Other amounts receivable: +€14,891
- Tangible fixed assets -€15,569
down €15,569 (-16.2%), from €95,926 to €80,357
of which Furniture and vehicles: -€16,547
- Tax, wage and social debts +€49,239
up €49,239 (+807%), from €6,103 to €55,342
of which Taxes: +€49,239
- Debts after one year -€19,373
down €19,373 (-26.0%), from €74,414 to €55,041
- Other debts -€12,858
no longer reported in 2025 (was €12,858)
- Profit (loss) carried forward +€4,291
up €4,291 (+39.7%), from €10,815 to €15,106
- Gross operating margin +€103,244
up €103,244 (+419%), from €24,647 to €127,891
- Taxes +€21,178
up €21,178 (+635%), from €3,334 to €24,512
- Depreciation +€14,411
up €14,411 (+194%), from €7,413 to €21,824
- Financial charges +€1,772
up €1,772 (+139%), from €1,277 to €3,049
- Staff costs +€1,497
up €1,497 (+380%), from €394 to €1,890
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,409 | €147,363 | +€21,954 | +17.5% |
| Fixed assets | 21/28 | €95,926 | €80,357 | -€15,569 | -16.2% |
| Tangible fixed assets | 22/27 | €95,926 | €80,357 | -€15,569 | -16.2% |
| Plant, machinery and equipment | 23 | - | €978 | +€978 | |
| Furniture and vehicles | 24 | €95,926 | €79,379 | -€16,547 | -17.2% |
| Current assets | 29/58 | €29,483 | €67,006 | +€37,523 | +127% |
| Amounts receivable within one year | 40/41 | €22,750 | €38,748 | +€15,998 | +70.3% |
| Trade receivables | 40 | €18,140 | €19,247 | +€1,106 | +6.1% |
| Other amounts receivable | 41 | €4,610 | €19,501 | +€14,891 | +323% |
| Cash at bank and in hand | 54/58 | €4,979 | €27,944 | +€22,964 | +461% |
| Deferred charges and accrued income | 490/1 | €1,754 | €314 | -€1,439 | -82.1% |
| Total equity and liabilities | 10/49 | €125,409 | €147,363 | +€21,954 | +17.5% |
| Equity | 10/15 | €13,315 | €17,606 | +€4,291 | +32.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,815 | €15,106 | +€4,291 | +39.7% |
| Amounts payable | 17/49 | €112,094 | €129,757 | +€17,663 | +15.8% |
| Amounts payable after more than one year | 17 | €74,414 | €55,041 | -€19,373 | -26.0% |
| Financial debts | 170/4 | €74,414 | €55,041 | -€19,373 | -26.0% |
| Amounts payable within one year | 42/48 | €37,679 | €74,716 | +€37,036 | +98.3% |
| Current portion of amounts payable after more than one year | 42 | €18,718 | €19,373 | +€655 | +3.5% |
| Taxes, remuneration and social security | 45 | €6,103 | €55,342 | +€49,239 | +807% |
| Taxes | 450/3 | €4,103 | €53,342 | +€49,239 | +1,200% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €12,858 | - | -€12,858 | |
| Remuneration, social security and pensions | 62 | €394 | €1,890 | +€1,497 | +380% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,413 | €21,824 | +€14,411 | +194% |
| Other operating charges | 640/8 | €1,415 | €1,978 | +€564 | +39.8% |
| Gross operating margin | 9900 | €24,647 | €127,891 | +€103,244 | +419% |
| Operating profit (loss) | 9901 | €15,426 | €102,199 | +€86,773 | +563% |
| Financial income | 75/76B | - | €1,153 | +€1,153 | |
| Recurring financial income | 75 | - | €1,019 | +€1,019 | |
| Non-recurring financial income | 76B | - | €133 | +€133 | |
| Financial charges | 65/66B | €1,277 | €3,049 | +€1,772 | +139% |
| Recurring financial charges | 65 | €1,277 | €3,049 | +€1,772 | +139% |
| Profit (loss) for the period before taxes | 9903 | €14,149 | €100,302 | +€86,154 | +609% |
| Income taxes | 67/77 | €3,334 | €24,512 | +€21,178 | +635% |
| Profit (loss) for the period | 9904 | €10,815 | €75,791 | +€64,975 | +601% |
| Profit (loss) for the period to be appropriated | 9905 | €10,815 | €75,791 | +€64,975 | +601% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.