Mas: 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.
What changed
Mas
NACE 47.512, Retail sale of household textiles and bedding
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,617
2024 · -€4,031+€5,648
Equity
€477,729
2024 · €476,112+€1,617
Cash
€228,662
2024 · €202,032+€26,630
Balance sheet total
€623,324
2024 · €669,256-€45,932
Largest movements
Assets
- Tangible fixed assets -€50,695
down €50,695 (-16.0%), from €317,147 to €266,452
of which Furniture and vehicles: -€34,924
- Receivables within one year -€27,906
down €27,906 (-48.7%), from €57,313 to €29,407
of which Trade receivables: -€27,901
- Cash +€26,630
up €26,630 (+13.2%), from €202,032 to €228,662
mainly Depreciation (+€50,695) and Receivables within one year (+€27,906)
Equity and liabilities
- Debts after one year -€36,110
down €36,110 (-40.2%), from €89,871 to €53,762
Income statement
- Other operating charges -€8,522
down €8,522 (-66.6%), from €12,798 to €4,276
- Provisions +€6,541
no longer reported in 2025 (was -€6,541)
- Staff costs -€4,587
down €4,587 (-4.1%), from €112,393 to €107,806
- Taxes +€2,185
up €2,185 (+148.8%), from €1,468 to €3,654
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.
Result 2024
-€4,031
Gross operating margin
+€146
Staff costs
+€4,587
Depreciation
-€900
Provisions
-€6,541
Other operating charges
+€8,522
Financial income
+€368
Financial charges
+€1,335
Taxes
-€2,185
Deferred taxes and other
+€316
Result 2025
€1,617
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.
From operations
+€66,185
Investment
€0
Financing
-€39,556
Cash 2024
€202,032
From operations (derived)
+€66,185
Net result for the year
+€1,617
Depreciation
+€50,695
Stocks and contracts
-€1,030
Receivables within one year
+€27,906
Deferred charges and accrued income
-€5,010
Provisions
-€682
Trade debts
-€3,499
Tax, wage and social debts
-€4,073
Other debts
+€262
Financing
-€39,556
Debts after one year
-€36,110
Current portion of long-term debt
-€3,446
Cash 2025
€228,662
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €669,256 | €623,324 | -€45,932 | -6.9% |
| Fixed assets | 21/28 | €317,147 | €266,452 | -€50,695 | -16.0% |
| Tangible fixed assets | 22/27 | €317,147 | €266,452 | -€50,695 | -16.0% |
| Land and buildings | 22 | €75,981 | €75,981 | = | 0.0% |
| Plant, machinery and equipment | 23 | €25,741 | €15,710 | -€10,031 | -39.0% |
| Furniture and vehicles | 24 | €110,453 | €75,529 | -€34,924 | -31.6% |
| Other tangible fixed assets | 26 | €104,972 | €99,231 | -€5,740 | -5.5% |
| Current assets | 29/58 | €352,109 | €356,872 | +€4,763 | +1.4% |
| Stocks and contracts in progress | 3 | €90,313 | €91,343 | +€1,030 | +1.1% |
| Stocks | 30/36 | €71,743 | €70,764 | -€980 | -1.4% |
| Contracts in progress | 37 | €18,570 | €20,580 | +€2,010 | +10.8% |
| Amounts receivable within one year | 40/41 | €57,313 | €29,407 | -€27,906 | -48.7% |
| Trade receivables | 40 | €52,152 | €24,251 | -€27,901 | -53.5% |
| Other amounts receivable | 41 | €5,161 | €5,156 | -€5 | -0.1% |
| Cash at bank and in hand | 54/58 | €202,032 | €228,662 | +€26,630 | +13.2% |
| Deferred charges and accrued income | 490/1 | €2,450 | €7,460 | +€5,010 | +204.5% |
| Total equity and liabilities | 10/49 | €669,256 | €623,324 | -€45,932 | -6.9% |
| Equity | 10/15 | €476,112 | €477,729 | +€1,617 | +0.3% |
| Contributions | 10/11 | €51,605 | €51,605 | = | 0.0% |
| Reserves | 13 | €420,623 | €422,175 | +€1,552 | +0.4% |
| Tax-exempt reserves | 132 | €8,908 | €5,460 | -€3,448 | -38.7% |
| Distributable reserves | 133 | €411,716 | €416,716 | +€5,000 | +1.2% |
| Profit (loss) carried forward | 14 | €3,884 | €3,949 | +€65 | +1.7% |
| Provisions and deferred taxes | 16 | €16,584 | €15,902 | -€682 | -4.1% |
| Provisions for liabilities and charges | 160/5 | €16,584 | €15,902 | -€682 | -4.1% |
| Other liabilities and charges | 164/5 | €16,584 | €15,902 | -€682 | -4.1% |
| Amounts payable | 17/49 | €176,559 | €129,693 | -€46,867 | -26.5% |
| Amounts payable after more than one year | 17 | €89,871 | €53,762 | -€36,110 | -40.2% |
| Financial debts | 170/4 | €89,871 | €53,762 | -€36,110 | -40.2% |
| Amounts payable within one year | 42/48 | €86,688 | €75,931 | -€10,757 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €39,556 | €36,110 | -€3,446 | -8.7% |
| Trade debts | 44 | €18,315 | €14,816 | -€3,499 | -19.1% |
| Suppliers | 440/4 | €18,315 | €14,816 | -€3,499 | -19.1% |
| Taxes, remuneration and social security | 45 | €10,911 | €6,838 | -€4,073 | -37.3% |
| Taxes | 450/3 | €3,944 | €2,252 | -€1,693 | -42.9% |
| Remuneration and social security | 454/9 | €6,967 | €4,586 | -€2,381 | -34.2% |
| Other amounts payable | 47/48 | €17,905 | €18,167 | +€262 | +1.5% |
| Remuneration, social security and pensions | 62 | €112,393 | €107,806 | -€4,587 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,796 | €50,695 | +€900 | +1.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€6,541 | - | +€6,541 | |
| Other operating charges | 640/8 | €12,798 | €4,276 | -€8,522 | -66.6% |
| Gross operating margin | 9900 | €171,180 | €171,327 | +€146 | +0.1% |
| Operating profit (loss) | 9901 | €2,735 | €8,549 | +€5,814 | +212.6% |
| Financial income | 75/76B | €266 | €634 | +€368 | +138.0% |
| Recurring financial income | 75 | €266 | €634 | +€368 | +138.0% |
| Financial charges | 65/66B | €5,931 | €4,595 | -€1,335 | -22.5% |
| Recurring financial charges | 65 | €5,931 | €4,595 | -€1,335 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,929 | €4,588 | +€7,517 | |
| Transfer from deferred taxes | 780 | €366 | €682 | +€316 | +86.3% |
| Income taxes | 67/77 | €1,468 | €3,654 | +€2,185 | +148.8% |
| Profit (loss) for the period | 9904 | -€4,031 | €1,617 | +€5,648 | |
| Transfer from tax-exempt reserves | 789 | €1,464 | €3,448 | +€1,984 | +135.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,567 | €5,065 | +€7,632 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.