MASCH MARKETING: what changed
MASCH MARKETING
Largest movements
- Tangible fixed assets +€13,966
new in 2025: €13,966
of which Other tangible fixed assets: +€12,444
- Receivables within one year +€5,027
up €5,027 (+35.3%), from €14,233 to €19,259
- Cash -€2,823
down €2,823 (-4.6%), from €61,338 to €58,515
mainly Investment in fixed assets (net) (-€14,300) and Tax, wage and social debts (-€7,256)
- Reserves +€25,333
up €25,333 (+51.8%), from €48,885 to €74,218
- Tax, wage and social debts -€7,256
down €7,256 (-39.3%), from €18,473 to €11,217
of which Taxes: -€6,823
- Other debts -€1,367
down €1,367 (-62.1%), from €2,200 to €833
- Gross operating margin -€25,460
down €25,460 (-28.1%), from €90,463 to €65,003
- Taxes -€6,262
down €6,262 (-50.1%), from €12,491 to €6,229
- Staff costs +€3,653
up €3,653 (+13.2%), from €27,774 to €31,427
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 | €76,406 | €92,615 | +€16,209 | +21.2% |
| Fixed assets | 21/28 | - | €13,966 | +€13,966 | |
| Tangible fixed assets | 22/27 | - | €13,966 | +€13,966 | |
| Furniture and vehicles | 24 | - | €1,522 | +€1,522 | |
| Other tangible fixed assets | 26 | - | €12,444 | +€12,444 | |
| Current assets | 29/58 | €76,406 | €78,649 | +€2,243 | +2.9% |
| Amounts receivable within one year | 40/41 | €14,233 | €19,259 | +€5,027 | +35.3% |
| Trade receivables | 40 | €14,233 | €19,259 | +€5,027 | +35.3% |
| Cash at bank and in hand | 54/58 | €61,338 | €58,515 | -€2,823 | -4.6% |
| Deferred charges and accrued income | 490/1 | €835 | €874 | +€39 | +4.7% |
| Total equity and liabilities | 10/49 | €76,406 | €92,615 | +€16,209 | +21.2% |
| Equity | 10/15 | €53,885 | €79,218 | +€25,333 | +47.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €48,885 | €74,218 | +€25,333 | +51.8% |
| Distributable reserves | 133 | €48,885 | €74,218 | +€25,333 | +51.8% |
| Amounts payable | 17/49 | €22,521 | €13,397 | -€9,124 | -40.5% |
| Amounts payable within one year | 42/48 | €22,521 | €13,397 | -€9,124 | -40.5% |
| Trade debts | 44 | €1,848 | €1,347 | -€501 | -27.1% |
| Suppliers | 440/4 | €1,848 | €1,347 | -€501 | -27.1% |
| Taxes, remuneration and social security | 45 | €18,473 | €11,217 | -€7,256 | -39.3% |
| Taxes | 450/3 | €16,824 | €10,001 | -€6,823 | -40.6% |
| Remuneration and social security | 454/9 | €1,649 | €1,215 | -€433 | -26.3% |
| Other amounts payable | 47/48 | €2,200 | €833 | -€1,367 | -62.1% |
| Remuneration, social security and pensions | 62 | €27,774 | €31,427 | +€3,653 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €334 | +€334 | |
| Other operating charges | 640/8 | €480 | €787 | +€307 | +63.9% |
| Gross operating margin | 9900 | €90,463 | €65,003 | -€25,460 | -28.1% |
| Operating profit (loss) | 9901 | €62,209 | €32,455 | -€29,754 | -47.8% |
| Financial charges | 65/66B | €1 | €60 | +€59 | +11,814% |
| Recurring financial charges | 65 | €1 | €60 | +€59 | +11,814% |
| Profit (loss) for the period before taxes | 9903 | €62,208 | €32,395 | -€29,813 | -47.9% |
| Income taxes | 67/77 | €12,491 | €6,229 | -€6,262 | -50.1% |
| Profit (loss) for the period | 9904 | €49,718 | €26,166 | -€23,552 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,718 | €26,166 | -€23,552 | -47.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.