Maas Consultancy: 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 Consultancy
Largest movements
- Receivables within one year -€95,461
down €95,461 (-93.8%), from €101,723 to €6,262
of which Other amounts receivable: -€75,368
- Current investments +€65,000
new in 2025: €65,000
- Tangible fixed assets -€13,471
down €13,471 (-4.2%), from €324,026 to €310,554
of which Land and buildings: -€13,104
- Cash +€5,915
up €5,915 (+7.6%), from €78,303 to €84,218
mainly Receivables within one year (+€95,461) and Net result for the year (+€73,442)
- Reserves -€28,652
down €28,652 (-12.0%), from €238,759 to €210,107
- Debts after one year -€10,339
down €10,339 (-4.7%), from €220,443 to €210,104
- Gross operating margin +€48,790
up €48,790 (+38.3%), from €127,427 to €176,217
- Staff costs +€10,583
up €10,583 (+33.0%), from €32,106 to €42,689
- Taxes +€10,317
up €10,317 (+50.5%), from €20,423 to €30,741
- Financial income -€2,421
down €2,421 (-49.7%), from €4,877 to €2,455
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 | €510,296 | €471,174 | -€39,122 | -7.7% |
| Fixed assets | 21/28 | €324,026 | €310,554 | -€13,471 | -4.2% |
| Tangible fixed assets | 22/27 | €324,026 | €310,554 | -€13,471 | -4.2% |
| Land and buildings | 22 | €318,172 | €305,068 | -€13,104 | -4.1% |
| Plant, machinery and equipment | 23 | €2,958 | €2,058 | -€900 | -30.4% |
| Furniture and vehicles | 24 | €2,895 | €3,428 | +€533 | +18.4% |
| Current assets | 29/58 | €186,270 | €160,620 | -€25,650 | -13.8% |
| Amounts receivable within one year | 40/41 | €101,723 | €6,262 | -€95,461 | -93.8% |
| Trade receivables | 40 | €20,093 | - | -€20,093 | |
| Other amounts receivable | 41 | €81,630 | €6,262 | -€75,368 | -92.3% |
| Current investments | 50/53 | - | €65,000 | +€65,000 | |
| Cash at bank and in hand | 54/58 | €78,303 | €84,218 | +€5,915 | +7.6% |
| Deferred charges and accrued income | 490/1 | €6,244 | €5,140 | -€1,105 | -17.7% |
| Total equity and liabilities | 10/49 | €510,296 | €471,174 | -€39,122 | -7.7% |
| Equity | 10/15 | €240,759 | €212,107 | -€28,652 | -11.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €238,759 | €210,107 | -€28,652 | -12.0% |
| Distributable reserves | 133 | €238,759 | €210,107 | -€28,652 | -12.0% |
| Amounts payable | 17/49 | €269,537 | €259,067 | -€10,470 | -3.9% |
| Amounts payable after more than one year | 17 | €220,443 | €210,104 | -€10,339 | -4.7% |
| Financial debts | 170/4 | €220,443 | €210,104 | -€10,339 | -4.7% |
| Amounts payable within one year | 42/48 | €49,094 | €48,963 | -€131 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €9,960 | €10,339 | +€378 | +3.8% |
| Financial debts | 43 | €18,000 | €18,201 | +€201 | +1.1% |
| Other loans | 439 | €18,000 | €18,201 | +€201 | +1.1% |
| Trade debts | 44 | €110 | €2,955 | +€2,845 | +2,583% |
| Suppliers | 440/4 | €110 | €2,955 | +€2,845 | +2,583% |
| Taxes, remuneration and social security | 45 | €21,024 | €17,468 | -€3,556 | -16.9% |
| Taxes | 450/3 | €10,633 | €9,732 | -€901 | -8.5% |
| Remuneration and social security | 454/9 | €10,391 | €7,736 | -€2,655 | -25.5% |
| Remuneration, social security and pensions | 62 | €32,106 | €42,689 | +€10,583 | +33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,231 | €19,346 | +€115 | +0.6% |
| Other operating charges | 640/8 | €799 | €941 | +€141 | +17.7% |
| Non-recurring operating charges | 66A | €536 | - | -€536 | |
| Gross operating margin | 9900 | €127,427 | €176,217 | +€48,790 | +38.3% |
| Operating profit (loss) | 9901 | €74,755 | €113,242 | +€38,487 | +51.5% |
| Financial income | 75/76B | €4,877 | €2,455 | -€2,421 | -49.7% |
| Recurring financial income | 75 | €4,877 | €2,455 | -€2,421 | -49.7% |
| Financial charges | 65/66B | €12,094 | €11,515 | -€579 | -4.8% |
| Recurring financial charges | 65 | €12,094 | €11,515 | -€579 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €67,537 | €104,182 | +€36,645 | +54.3% |
| Income taxes | 67/77 | €20,423 | €30,741 | +€10,317 | +50.5% |
| Profit (loss) for the period | 9904 | €47,114 | €73,442 | +€26,327 | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,114 | €73,442 | +€26,327 | +55.9% |
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 18 October 2026 via checked.be.