MAASCH: what changed
Two fiscal 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.
MAASCH
Largest movements
- Receivables within one year +€88,084
up €88,084 (+47.2%), from €186,612 to €274,695
of which Other amounts receivable: +€79,739
- Financial fixed assets -€61,375
down €61,375 (-69.1%), from €88,838 to €27,463
- Deferred charges and accrued income +€26,203
up €26,203 (+68.2%), from €38,419 to €64,622
- Tangible fixed assets -€16,031
down €16,031 (-4.0%), from €402,757 to €386,725
- Profit (loss) carried forward +€53,337
up €53,337 (+13.4%), from €397,368 to €450,706
- Debts after one year -€18,247
down €18,247 (-7.8%), from €234,521 to €216,273
- Gross operating margin +€9,536
up €9,536 (+11.0%), from €86,730 to €96,265
- Taxes +€5,456
up €5,456 (+41.5%), from €13,143 to €18,598
- Write-downs -€5,402
no longer reported in 2024 (was €5,402)
- Depreciation -€2,521
down €2,521 (-13.6%), from €18,552 to €16,031
- Financial charges -€1,667
down €1,667 (-17.8%), from €9,341 to €7,673
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €938,668 | €984,525 | +€45,857 | +4.9% |
| Fixed assets | 21/28 | €491,594 | €414,188 | -€77,406 | -15.7% |
| Tangible fixed assets | 22/27 | €402,757 | €386,725 | -€16,031 | -4.0% |
| Land and buildings | 22 | €402,757 | €386,725 | -€16,031 | -4.0% |
| Financial fixed assets | 28 | €88,838 | €27,463 | -€61,375 | -69.1% |
| Current assets | 29/58 | €447,074 | €570,337 | +€123,263 | +27.6% |
| Amounts receivable within one year | 40/41 | €186,612 | €274,695 | +€88,084 | +47.2% |
| Trade receivables | 40 | €95,552 | €103,897 | +€8,345 | +8.7% |
| Other amounts receivable | 41 | €91,060 | €170,799 | +€79,739 | +87.6% |
| Current investments | 50/53 | €18,542 | €18,542 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €203,500 | €212,477 | +€8,977 | +4.4% |
| Deferred charges and accrued income | 490/1 | €38,419 | €64,622 | +€26,203 | +68.2% |
| Total equity and liabilities | 10/49 | €938,668 | €984,525 | +€45,857 | +4.9% |
| Equity | 10/15 | €492,807 | €546,145 | +€53,337 | +10.8% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €8,676 | €8,676 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Legal reserve | 130 | €8,676 | €8,676 | = | 0.0% |
| Profit (loss) carried forward | 14 | €397,368 | €450,706 | +€53,337 | +13.4% |
| Provisions and deferred taxes | 16 | €51,000 | €51,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €51,000 | €51,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €51,000 | €51,000 | = | 0.0% |
| Amounts payable | 17/49 | €394,861 | €387,380 | -€7,480 | -1.9% |
| Amounts payable after more than one year | 17 | €234,521 | €216,273 | -€18,247 | -7.8% |
| Financial debts | 170/4 | €234,521 | €216,273 | -€18,247 | -7.8% |
| Amounts payable within one year | 42/48 | €160,340 | €171,107 | +€10,767 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €17,871 | €18,247 | +€376 | +2.1% |
| Financial debts | 43 | €12,000 | €12,000 | = | 0.0% |
| Credit institutions | 430/8 | €12,000 | €12,000 | = | 0.0% |
| Trade debts | 44 | €74,308 | €81,353 | +€7,045 | +9.5% |
| Suppliers | 440/4 | €74,308 | €81,353 | +€7,045 | +9.5% |
| Advances received on contracts in progress | 46 | €16,007 | €16,007 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,414 | €11,475 | +€7,060 | +159.9% |
| Taxes | 450/3 | €4,414 | €11,475 | +€7,060 | +159.9% |
| Other amounts payable | 47/48 | €35,739 | €32,025 | -€3,714 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,552 | €16,031 | -€2,521 | -13.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,402 | - | -€5,402 | |
| Other operating charges | 640/8 | €1,398 | €1,292 | -€106 | -7.6% |
| Gross operating margin | 9900 | €86,730 | €96,265 | +€9,536 | +11.0% |
| Operating profit (loss) | 9901 | €61,378 | €78,942 | +€17,565 | +28.6% |
| Financial income | 75/76B | €0 | €667 | +€667 | +222253.3% |
| Recurring financial income | 75 | €0 | €667 | +€667 | +222253.3% |
| Financial charges | 65/66B | €9,341 | €7,673 | -€1,667 | -17.8% |
| Recurring financial charges | 65 | €9,341 | €7,673 | -€1,667 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €52,037 | €71,936 | +€19,899 | +38.2% |
| Income taxes | 67/77 | €13,143 | €18,598 | +€5,456 | +41.5% |
| Profit (loss) for the period | 9904 | €38,895 | €53,337 | +€14,443 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,895 | €53,337 | +€14,443 | +37.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.