Masca Consult: 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.
Masca Consult
Largest movements
- Tangible fixed assets -€587,248
down €587,248 (-99.1%), from €592,749 to €5,501
of which Land and buildings: -€592,749
- Cash +€261,895
up €261,895 (+451%), from €58,016 to €319,911
mainly Investment in fixed assets (net) (+€576,394) and Other debts (+€163,195)
- Receivables within one year +€17,758
up €17,758 (+112%), from €15,802 to €33,560
of which Other amounts receivable: +€11,836
- Debts after one year -€243,905
no longer reported in 2025 (was €243,905)
- Reserves -€166,367
down €166,367 (-48.3%), from €344,330 to €177,963
- Other debts +€163,195
up €163,195 (+297%), from €54,965 to €218,160
- Current portion of long-term debt -€27,648
no longer reported in 2025 (was €27,648)
- Profit (loss) carried forward -€23,108
new in 2025: -€23,108
- Gross operating margin -€124,655
down €124,655 (-96.4%), from €129,294 to €4,639
- Taxes -€34,998
down €34,998 (-99.4%), from €35,223 to €225
- Financial charges +€18,670
up €18,670, from -€2,814 to €15,856
- Depreciation +€4,551
up €4,551 (+72.2%), from €6,303 to €10,854
- Financial income -€3,598
down €3,598 (-85.7%), from €4,198 to €600
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.
Derived cash bridge
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 | €687,948 | €378,362 | -€309,587 | -45.0% |
| Fixed assets | 21/28 | €592,749 | €5,501 | -€587,248 | -99.1% |
| Tangible fixed assets | 22/27 | €592,749 | €5,501 | -€587,248 | -99.1% |
| Land and buildings | 22 | €592,749 | - | -€592,749 | |
| Other tangible fixed assets | 26 | - | €5,501 | +€5,501 | |
| Current assets | 29/58 | €95,200 | €372,861 | +€277,661 | +292% |
| Amounts receivable within one year | 40/41 | €15,802 | €33,560 | +€17,758 | +112% |
| Trade receivables | 40 | €14,365 | €20,287 | +€5,922 | +41.2% |
| Other amounts receivable | 41 | €1,437 | €13,273 | +€11,836 | +824% |
| Current investments | 50/53 | €20,175 | €17,072 | -€3,104 | -15.4% |
| Cash at bank and in hand | 54/58 | €58,016 | €319,911 | +€261,895 | +451% |
| Deferred charges and accrued income | 490/1 | €1,206 | €2,318 | +€1,112 | +92.2% |
| Total equity and liabilities | 10/49 | €687,948 | €378,362 | -€309,587 | -45.0% |
| Equity | 10/15 | €344,330 | €154,855 | -€189,476 | -55.0% |
| Reserves | 13 | €344,330 | €177,963 | -€166,367 | -48.3% |
| Distributable reserves | 133 | €344,330 | €177,963 | -€166,367 | -48.3% |
| Profit (loss) carried forward | 14 | - | -€23,108 | -€23,108 | |
| Amounts payable | 17/49 | €343,618 | €223,507 | -€120,111 | -35.0% |
| Amounts payable after more than one year | 17 | €243,905 | - | -€243,905 | |
| Financial debts | 170/4 | €243,905 | - | -€243,905 | |
| Amounts payable within one year | 42/48 | €99,713 | €223,507 | +€123,794 | +124% |
| Current portion of amounts payable after more than one year | 42 | €27,648 | - | -€27,648 | |
| Trade debts | 44 | €1,387 | €2,488 | +€1,100 | +79.3% |
| Suppliers | 440/4 | €1,387 | €2,488 | +€1,100 | +79.3% |
| Taxes, remuneration and social security | 45 | €15,712 | €2,860 | -€12,853 | -81.8% |
| Taxes | 450/3 | €15,647 | €2,795 | -€12,853 | -82.1% |
| Remuneration and social security | 454/9 | €65 | €65 | = | 0.0% |
| Other amounts payable | 47/48 | €54,965 | €218,160 | +€163,195 | +297% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,303 | €10,854 | +€4,551 | +72.2% |
| Other operating charges | 640/8 | €996 | €1,413 | +€417 | +41.9% |
| Gross operating margin | 9900 | €129,294 | €4,639 | -€124,655 | -96.4% |
| Operating profit (loss) | 9901 | €121,995 | -€7,628 | -€129,623 | |
| Financial income | 75/76B | €4,198 | €600 | -€3,598 | -85.7% |
| Recurring financial income | 75 | €4,198 | €600 | -€3,598 | -85.7% |
| Financial charges | 65/66B | -€2,814 | €15,856 | +€18,670 | |
| Recurring financial charges | 65 | -€2,814 | €15,856 | +€18,670 | |
| Profit (loss) for the period before taxes | 9903 | €129,007 | -€22,884 | -€151,891 | |
| Income taxes | 67/77 | €35,223 | €225 | -€34,998 | -99.4% |
| Profit (loss) for the period | 9904 | €93,784 | -€23,108 | -€116,892 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,784 | -€23,108 | -€116,892 |
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 14 October 2026 via checked.be.