MAS Consult: 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.
MAS Consult
Largest movements
- Tangible fixed assets +€152,774
up €152,774 (+41.1%), from €372,144 to €524,918
of which Land and buildings: +€125,369
- Receivables within one year +€61,475
up €61,475 (+469.7%), from €13,088 to €74,562
of which Other amounts receivable: +€42,075
- Cash -€25,602
down €25,602 (-94.1%), from €27,202 to €1,600
mainly Investment in fixed assets (net) (-€199,339) and Receivables within one year (-€61,475)
- Other debts +€265,885
up €265,885 (+411.9%), from €64,559 to €330,444
- Profit (loss) carried forward -€31,048
down €31,048 (-132.1%), from -€23,501 to -€54,549
- Debts after one year -€29,499
down €29,499 (-16.4%), from €180,005 to €150,506
- Tax, wage and social debts -€12,675
down €12,675 (-67.1%), from €18,892 to €6,217
- Advances received -€12,110
no longer reported in 2025 (was €12,110)
- Gross operating margin -€37,382
down €37,382 (-59.5%), from €62,802 to €25,420
- Depreciation +€4,734
up €4,734 (+11.3%), from €41,830 to €46,564
- Other operating charges -€1,433
down €1,433 (-29.4%), from €4,874 to €3,441
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 | €413,541 | €602,120 | +€188,578 | +45.6% |
| Fixed assets | 21/28 | €372,144 | €524,918 | +€152,774 | +41.1% |
| Tangible fixed assets | 22/27 | €372,144 | €524,918 | +€152,774 | +41.1% |
| Land and buildings | 22 | €369,423 | €494,793 | +€125,369 | +33.9% |
| Plant, machinery and equipment | 23 | €2,721 | €30,126 | +€27,405 | +1007.2% |
| Current assets | 29/58 | €41,397 | €77,201 | +€35,804 | +86.5% |
| Amounts receivable within one year | 40/41 | €13,088 | €74,562 | +€61,475 | +469.7% |
| Trade receivables | 40 | €10 | €19,410 | +€19,400 | +194000.0% |
| Other amounts receivable | 41 | €13,078 | €55,152 | +€42,075 | +321.7% |
| Cash at bank and in hand | 54/58 | €27,202 | €1,600 | -€25,602 | -94.1% |
| Deferred charges and accrued income | 490/1 | €1,108 | €1,039 | -€69 | -6.2% |
| Total equity and liabilities | 10/49 | €413,541 | €602,120 | +€188,578 | +45.6% |
| Equity | 10/15 | €107,220 | €76,172 | -€31,048 | -29.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €124,521 | €124,521 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €122,661 | €122,661 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,501 | -€54,549 | -€31,048 | -132.1% |
| Amounts payable | 17/49 | €306,321 | €525,947 | +€219,626 | +71.7% |
| Amounts payable after more than one year | 17 | €180,005 | €150,506 | -€29,499 | -16.4% |
| Financial debts | 170/4 | €180,005 | €150,506 | -€29,499 | -16.4% |
| Amounts payable within one year | 42/48 | €126,316 | €375,441 | +€249,125 | +197.2% |
| Current portion of amounts payable after more than one year | 42 | €29,749 | €30,293 | +€544 | +1.8% |
| Trade debts | 44 | €1,007 | €8,488 | +€7,481 | +742.9% |
| Suppliers | 440/4 | €1,007 | €8,488 | +€7,481 | +742.9% |
| Advances received on contracts in progress | 46 | €12,110 | - | -€12,110 | |
| Taxes, remuneration and social security | 45 | €18,892 | €6,217 | -€12,675 | -67.1% |
| Taxes | 450/3 | €18,892 | €6,217 | -€12,675 | -67.1% |
| Other amounts payable | 47/48 | €64,559 | €330,444 | +€265,885 | +411.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,830 | €46,564 | +€4,734 | +11.3% |
| Other operating charges | 640/8 | €4,874 | €3,441 | -€1,433 | -29.4% |
| Gross operating margin | 9900 | €62,802 | €25,420 | -€37,382 | -59.5% |
| Operating profit (loss) | 9901 | €16,097 | -€24,585 | -€40,683 | |
| Financial income | 75/76B | - | €94 | +€94 | |
| Recurring financial income | 75 | - | €94 | +€94 | |
| Financial charges | 65/66B | €5,408 | €5,784 | +€376 | +7.0% |
| Recurring financial charges | 65 | €5,408 | €5,784 | +€376 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €10,690 | -€30,276 | -€40,965 | |
| Income taxes | 67/77 | €314 | €772 | +€459 | +146.4% |
| Profit (loss) for the period | 9904 | €10,376 | -€31,048 | -€41,424 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,376 | -€31,048 | -€41,424 |
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.