Maasware: 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.
Maasware
Largest movements
- Tangible fixed assets -€10,480
down €10,480 (-20.9%), from €50,037 to €39,556
of which Leasing and similar rights: -€10,847
- Cash +€9,749
up €9,749 (+103.9%), from €9,382 to €19,131
mainly Net result for the year (+€15,352) and Depreciation (+€13,167)
- Receivables within one year -€4,545
down €4,545 (-36.3%), from €12,513 to €7,968
of which Trade receivables: -€9,360
- Receivables after one year +€1,377
up €1,377 (+18.7%), from €7,366 to €8,743
- Deferred charges and accrued income +€1,091
up €1,091 (+98.1%), from €1,112 to €2,203
- Reserves +€14,519
up €14,519 (+71.0%), from €20,453 to €34,972
- Debts after one year -€10,300
down €10,300 (-27.7%), from €37,118 to €26,818
- Trade debts -€8,383
down €8,383 (-80.9%), from €10,367 to €1,984
- Tax, wage and social debts +€908
up €908 (+318.6%), from €285 to €1,193
- Gross operating margin -€6,598
down €6,598 (-16.0%), from €41,350 to €34,752
- Depreciation +€1,449
up €1,449 (+12.4%), from €11,718 to €13,167
- Taxes -€1,262
down €1,262 (-20.7%), from €6,104 to €4,842
- Other operating charges -€764
down €764 (-100.0%), from €764 to €0
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 | €80,517 | €77,600 | -€2,917 | -3.6% |
| Formation expenses | 20 | €108 | €0 | -€108 | -100.0% |
| Fixed assets | 21/28 | €50,037 | €39,556 | -€10,480 | -20.9% |
| Tangible fixed assets | 22/27 | €50,037 | €39,556 | -€10,480 | -20.9% |
| Furniture and vehicles | 24 | €3,953 | €4,320 | +€366 | +9.3% |
| Leasing and similar rights | 25 | €46,083 | €35,237 | -€10,847 | -23.5% |
| Current assets | 29/58 | €30,373 | €38,044 | +€7,671 | +25.3% |
| Amounts receivable after more than one year | 29 | €7,366 | €8,743 | +€1,377 | +18.7% |
| Other amounts receivable | 291 | €7,366 | €8,743 | +€1,377 | +18.7% |
| Amounts receivable within one year | 40/41 | €12,513 | €7,968 | -€4,545 | -36.3% |
| Trade receivables | 40 | €9,360 | €0 | -€9,360 | -100.0% |
| Other amounts receivable | 41 | €3,153 | €7,968 | +€4,815 | +152.7% |
| Cash at bank and in hand | 54/58 | €9,382 | €19,131 | +€9,749 | +103.9% |
| Deferred charges and accrued income | 490/1 | €1,112 | €2,203 | +€1,091 | +98.1% |
| Total equity and liabilities | 10/49 | €80,517 | €77,600 | -€2,917 | -3.6% |
| Equity | 10/15 | €21,953 | €36,472 | +€14,519 | +66.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €20,453 | €34,972 | +€14,519 | +71.0% |
| Distributable reserves | 133 | €20,453 | €34,972 | +€14,519 | +71.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €58,564 | €41,128 | -€17,436 | -29.8% |
| Amounts payable after more than one year | 17 | €37,118 | €26,818 | -€10,300 | -27.7% |
| Financial debts | 170/4 | €37,118 | €26,818 | -€10,300 | -27.7% |
| Amounts payable within one year | 42/48 | €21,403 | €14,310 | -€7,093 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €9,918 | €10,300 | +€382 | +3.8% |
| Trade debts | 44 | €10,367 | €1,984 | -€8,383 | -80.9% |
| Suppliers | 440/4 | €10,367 | €1,984 | -€8,383 | -80.9% |
| Taxes, remuneration and social security | 45 | €285 | €1,193 | +€908 | +318.6% |
| Taxes | 450/3 | €285 | €1,193 | +€908 | +318.6% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €43 | €0 | -€43 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,718 | €13,167 | +€1,449 | +12.4% |
| Other operating charges | 640/8 | €764 | €0 | -€764 | -100.0% |
| Gross operating margin | 9900 | €41,350 | €34,752 | -€6,598 | -16.0% |
| Operating profit (loss) | 9901 | €28,868 | €21,585 | -€7,283 | -25.2% |
| Financial income | 75/76B | €161 | €479 | +€317 | +196.8% |
| Recurring financial income | 75 | €161 | €479 | +€317 | +196.8% |
| Financial charges | 65/66B | €1,640 | €1,869 | +€230 | +14.0% |
| Recurring financial charges | 65 | €1,640 | €1,869 | +€230 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €27,390 | €20,195 | -€7,195 | -26.3% |
| Income taxes | 67/77 | €6,104 | €4,842 | -€1,262 | -20.7% |
| Profit (loss) for the period | 9904 | €21,286 | €15,352 | -€5,934 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,286 | €15,352 | -€5,934 | -27.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.