MAS Recruit Solutions: what changed
MAS Recruit Solutions
Largest movements
- Deferred charges and accrued income +€12,303
up €12,303 (+5,468%), from €225 to €12,528
- Receivables within one year -€11,679
no longer reported in 2025 (was €11,679)
- Cash -€6,334
down €6,334 (-26.4%), from €23,999 to €17,666
mainly Deferred charges and accrued income (-€12,303) and Other debts (-€4,250)
- Tangible fixed assets +€917
new in 2025: €917
- Other debts -€4,250
down €4,250 (-46.0%), from €9,237 to €4,987
- Tax, wage and social debts -€3,485
down €3,485 (-28.6%), from €12,174 to €8,689
- Trade debts +€2,790
up €2,790 (+327%), from €853 to €3,643
- Gross operating margin -€9,325
down €9,325 (-74.4%), from €12,536 to €3,210
- Taxes -€1,625
down €1,625 (-42.0%), from €3,869 to €2,244
- Financial charges +€450
up €450 (+3,602%), from €12 to €462
- Depreciation +€351
new in 2025: €351
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,904 | €31,111 | -€4,792 | -13.3% |
| Fixed assets | 21/28 | - | €917 | +€917 | |
| Tangible fixed assets | 22/27 | - | €917 | +€917 | |
| Plant, machinery and equipment | 23 | - | €917 | +€917 | |
| Current assets | 29/58 | €35,904 | €30,194 | -€5,710 | -15.9% |
| Amounts receivable within one year | 40/41 | €11,679 | - | -€11,679 | |
| Trade receivables | 40 | €11,679 | - | -€11,679 | |
| Cash at bank and in hand | 54/58 | €23,999 | €17,666 | -€6,334 | -26.4% |
| Deferred charges and accrued income | 490/1 | €225 | €12,528 | +€12,303 | +5,468% |
| Total equity and liabilities | 10/49 | €35,904 | €31,111 | -€4,792 | -13.3% |
| Equity | 10/15 | €13,640 | €13,793 | +€153 | +1.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,640 | €8,793 | +€153 | +1.8% |
| Amounts payable | 17/49 | €22,264 | €17,318 | -€4,945 | -22.2% |
| Amounts payable within one year | 42/48 | €22,264 | €17,318 | -€4,945 | -22.2% |
| Trade debts | 44 | €853 | €3,643 | +€2,790 | +327% |
| Suppliers | 440/4 | €853 | €3,643 | +€2,790 | +327% |
| Taxes, remuneration and social security | 45 | €12,174 | €8,689 | -€3,485 | -28.6% |
| Taxes | 450/3 | €12,174 | €8,689 | -€3,485 | -28.6% |
| Other amounts payable | 47/48 | €9,237 | €4,987 | -€4,250 | -46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €351 | +€351 | |
| Other operating charges | 640/8 | €15 | - | -€15 | |
| Gross operating margin | 9900 | €12,536 | €3,210 | -€9,325 | -74.4% |
| Operating profit (loss) | 9901 | €12,521 | €2,859 | -€9,661 | -77.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €12 | €462 | +€450 | +3,602% |
| Recurring financial charges | 65 | €12 | €462 | +€450 | +3,602% |
| Profit (loss) for the period before taxes | 9903 | €12,509 | €2,397 | -€10,112 | -80.8% |
| Income taxes | 67/77 | €3,869 | €2,244 | -€1,625 | -42.0% |
| Profit (loss) for the period | 9904 | €8,640 | €153 | -€8,487 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,640 | €153 | -€8,487 | -98.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.