MASCH: 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.
MASCH
Largest movements
- Tangible fixed assets -€7,050
down €7,050 (-17.9%), from €39,453 to €32,402
of which Leasing and similar rights: -€5,940
- Receivables after one year -€2,131
down €2,131 (-34.5%), from €6,176 to €4,046
- Receivables within one year -€1,142
down €1,142 (-30.0%), from €3,812 to €2,670
of which Trade receivables: -€1,214
- Cash -€1,089
down €1,089 (-54.5%), from €1,999 to €910
mainly Net result for the year (-€7,372) and Other debts (-€2,943)
- Profit (loss) carried forward -€7,372
down €7,372 (-15.8%), from -€46,602 to -€53,973
- Other debts -€2,943
down €2,943 (-75.4%), from €3,901 to €958
- Trade debts -€656
down €656 (-79.5%), from €825 to €169
- Gross operating margin +€846
up €846, from -€128 to €717
- Financial income -€51
down €51 (-21.9%), from €231 to €181
- Other operating charges +€37
up €37 (+4.0%), from €935 to €972
- Taxes +€11
up €11 (+5.7%), from €197 to €208
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 | €51,441 | €40,450 | -€10,991 | -21.4% |
| Fixed assets | 21/28 | €39,453 | €32,402 | -€7,050 | -17.9% |
| Tangible fixed assets | 22/27 | €39,453 | €32,402 | -€7,050 | -17.9% |
| Land and buildings | 22 | €3,815 | €2,705 | -€1,111 | -29.1% |
| Leasing and similar rights | 25 | €35,637 | €29,698 | -€5,940 | -16.7% |
| Current assets | 29/58 | €11,988 | €8,048 | -€3,940 | -32.9% |
| Amounts receivable after more than one year | 29 | €6,176 | €4,046 | -€2,131 | -34.5% |
| Other amounts receivable | 291 | €6,176 | €4,046 | -€2,131 | -34.5% |
| Amounts receivable within one year | 40/41 | €3,812 | €2,670 | -€1,142 | -30.0% |
| Trade receivables | 40 | €1,733 | €520 | -€1,214 | -70.0% |
| Other amounts receivable | 41 | €2,079 | €2,150 | +€71 | +3.4% |
| Cash at bank and in hand | 54/58 | €1,999 | €910 | -€1,089 | -54.5% |
| Deferred charges and accrued income | 490/1 | - | €422 | +€422 | |
| Total equity and liabilities | 10/49 | €51,441 | €40,450 | -€10,991 | -21.4% |
| Equity | 10/15 | €46,414 | €39,043 | -€7,372 | -15.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,416 | €74,416 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €72,556 | €72,556 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,602 | -€53,973 | -€7,372 | -15.8% |
| Amounts payable | 17/49 | €5,027 | €1,408 | -€3,619 | -72.0% |
| Amounts payable within one year | 42/48 | €4,947 | €1,408 | -€3,539 | -71.5% |
| Trade debts | 44 | €825 | €169 | -€656 | -79.5% |
| Suppliers | 440/4 | €825 | €169 | -€656 | -79.5% |
| Taxes, remuneration and social security | 45 | €221 | €281 | +€60 | +27.3% |
| Taxes | 450/3 | €221 | €281 | +€60 | +27.3% |
| Other amounts payable | 47/48 | €3,901 | €958 | -€2,943 | -75.4% |
| Accrued charges and deferred income | 492/3 | €80 | €0 | -€80 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,050 | €7,050 | = | 0.0% |
| Other operating charges | 640/8 | €935 | €972 | +€37 | +4.0% |
| Gross operating margin | 9900 | -€128 | €717 | +€846 | |
| Operating profit (loss) | 9901 | -€8,113 | -€7,305 | +€809 | +10.0% |
| Financial income | 75/76B | €231 | €181 | -€51 | -21.9% |
| Recurring financial income | 75 | €231 | €181 | -€51 | -21.9% |
| Financial charges | 65/66B | €35 | €39 | +€4 | +12.0% |
| Recurring financial charges | 65 | €35 | €39 | +€4 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,917 | -€7,163 | +€754 | +9.5% |
| Income taxes | 67/77 | €197 | €208 | +€11 | +5.7% |
| Profit (loss) for the period | 9904 | -€8,114 | -€7,372 | +€742 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,114 | -€7,372 | +€742 | +9.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.