MAAS CAPITAL: 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.
MAAS CAPITAL
Largest movements
- Receivables within one year +€156,505
up €156,505 (+854%), from €18,332 to €174,837
of which Other amounts receivable: +€152,505
- Cash -€4,896
down €4,896 (-20.6%), from €23,724 to €18,828
mainly Contributions, distributions and other (-€172,359) and Receivables within one year (-€156,505)
- Other debts +€154,378
up €154,378 (+859%), from €17,981 to €172,359
- Trade debts -€2,769
down €2,769 (-49.7%), from €5,575 to €2,806
- Financial income +€154,993
up €154,993 (+1,033%), from €15,007 to €170,000
- Taxes +€1,415
up €1,415 (+84.0%), from €1,686 to €3,101
- Gross operating margin +€1,141
up €1,141 (+17.3%), from €6,583 to €7,724
- Other operating charges +€516
up €516 (+31.9%), from €1,618 to €2,134
- Financial charges -€176
down €176 (-57.6%), from €306 to €129
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 | €42,156 | €193,765 | +€151,608 | +360% |
| Fixed assets | 21/28 | €100 | €100 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €42,056 | €193,665 | +€151,608 | +360% |
| Amounts receivable within one year | 40/41 | €18,332 | €174,837 | +€156,505 | +854% |
| Trade receivables | 40 | - | €4,000 | +€4,000 | |
| Other amounts receivable | 41 | €18,332 | €170,837 | +€152,505 | +832% |
| Cash at bank and in hand | 54/58 | €23,724 | €18,828 | -€4,896 | -20.6% |
| Total equity and liabilities | 10/49 | €42,156 | €193,765 | +€151,608 | +360% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €23,556 | €175,165 | +€151,608 | +644% |
| Amounts payable within one year | 42/48 | €23,556 | €175,165 | +€151,608 | +644% |
| Trade debts | 44 | €5,575 | €2,806 | -€2,769 | -49.7% |
| Suppliers | 440/4 | €5,575 | €2,806 | -€2,769 | -49.7% |
| Other amounts payable | 47/48 | €17,981 | €172,359 | +€154,378 | +859% |
| Other operating charges | 640/8 | €1,618 | €2,134 | +€516 | +31.9% |
| Gross operating margin | 9900 | €6,583 | €7,724 | +€1,141 | +17.3% |
| Operating profit (loss) | 9901 | €4,965 | €5,590 | +€625 | +12.6% |
| Financial income | 75/76B | €15,007 | €170,000 | +€154,993 | +1,033% |
| Recurring financial income | 75 | €15,007 | €170,000 | +€154,993 | +1,033% |
| Financial charges | 65/66B | €306 | €129 | -€176 | -57.6% |
| Recurring financial charges | 65 | €306 | €129 | -€176 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €19,667 | €175,460 | +€155,793 | +792% |
| Income taxes | 67/77 | €1,686 | €3,101 | +€1,415 | +84.0% |
| Profit (loss) for the period | 9904 | €17,981 | €172,359 | +€154,378 | +859% |
| Profit (loss) for the period to be appropriated | 9905 | €17,981 | €172,359 | +€154,378 | +859% |
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 21 October 2026 via checked.be.