MAASI: 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.
MAASI
Largest movements
- Tangible fixed assets -€4,578
down €4,578 (-3.3%), from €139,838 to €135,260
of which Land and buildings: -€4,578
- Profit (loss) carried forward -€5,584
down €5,584 (-10.2%), from -€54,614 to -€60,199
- Gross operating margin +€192
up €192 (+18.9%), from -€1,014 to -€822
- Financial charges +€64
new in 2025: €64
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.
Cash bridge derived
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 | €140,188 | €135,547 | -€4,642 | -3.3% |
| Fixed assets | 21/28 | €139,838 | €135,260 | -€4,578 | -3.3% |
| Tangible fixed assets | 22/27 | €139,838 | €135,260 | -€4,578 | -3.3% |
| Land and buildings | 22 | €119,873 | €115,294 | -€4,578 | -3.8% |
| Other tangible fixed assets | 26 | €19,965 | €19,965 | = | 0.0% |
| Current assets | 29/58 | €350 | €287 | -€64 | -18.1% |
| Cash at bank and in hand | 54/58 | €350 | €287 | -€64 | -18.1% |
| Total equity and liabilities | 10/49 | €140,188 | €135,547 | -€4,642 | -3.3% |
| Equity | 10/15 | €41,483 | €35,899 | -€5,584 | -13.5% |
| Contributions | 10/11 | €27,753 | €27,753 | = | 0.0% |
| Reserves | 13 | €68,345 | €68,345 | = | 0.0% |
| Distributable reserves | 133 | €68,345 | €68,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,614 | -€60,199 | -€5,584 | -10.2% |
| Amounts payable | 17/49 | €98,705 | €99,648 | +€942 | +1.0% |
| Amounts payable within one year | 42/48 | €98,705 | €99,648 | +€942 | +1.0% |
| Other amounts payable | 47/48 | €98,705 | €99,648 | +€942 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,578 | €4,578 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | -€1,014 | -€822 | +€192 | +18.9% |
| Operating profit (loss) | 9901 | -€5,710 | -€5,521 | +€190 | +3.3% |
| Financial charges | 65/66B | - | €64 | +€64 | |
| Recurring financial charges | 65 | - | €64 | +€64 | |
| Profit (loss) for the period before taxes | 9903 | -€5,710 | -€5,584 | +€126 | +2.2% |
| Profit (loss) for the period | 9904 | -€5,710 | -€5,584 | +€126 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,710 | -€5,584 | +€126 | +2.2% |
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 12 October 2026 via checked.be.