MASCIDIT: 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.
MASCIDIT
Largest movements
- Tangible fixed assets -€216,345
down €216,345 (-37.1%), from €582,754 to €366,408
of which Furniture and vehicles: -€185,322
- Cash -€123,985
down €123,985 (-47.9%), from €258,760 to €134,775
mainly Debts after one year (-€180,937) and Receivables within one year (-€80,774)
- Receivables within one year +€80,774
up €80,774 (+68.4%), from €118,133 to €198,907
of which Trade receivables: +€95,651
- Debts after one year -€180,937
down €180,937 (-46.3%), from €390,837 to €209,900
- Reserves -€60,885
down €60,885 (-14.0%), from €433,784 to €372,899
of which Distributable reserves: -€60,885
- Trade debts +€57,972
up €57,972 (+118.4%), from €48,961 to €106,933
- Current portion of long-term debt -€50,415
down €50,415 (-23.6%), from €213,941 to €163,526
- Accrued charges and deferred income -€14,548
down €14,548 (-74.3%), from €19,589 to €5,041
- Gross operating margin -€85,575
down €85,575 (-32.2%), from €266,039 to €180,464
- Other operating charges +€27,994
up €27,994 (+289.2%), from €9,681 to €37,674
- Taxes -€12,324
down €12,324 (-98.0%), from €12,575 to €251
- Depreciation -€9,157
down €9,157 (-4.7%), from €194,478 to €185,322
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 | €1,269,484 | €1,020,562 | -€248,921 | -19.6% |
| Fixed assets | 21/28 | €585,319 | €368,973 | -€216,345 | -37.0% |
| Tangible fixed assets | 22/27 | €582,754 | €366,408 | -€216,345 | -37.1% |
| Furniture and vehicles | 24 | €551,730 | €366,408 | -€185,322 | -33.6% |
| Leasing and similar rights | 25 | €31,024 | - | -€31,024 | |
| Financial fixed assets | 28 | €2,565 | €2,565 | = | 0.0% |
| Current assets | 29/58 | €684,165 | €651,589 | -€32,576 | -4.8% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €259,483 | €261,983 | +€2,500 | +1.0% |
| Stocks | 30/36 | €259,483 | €261,983 | +€2,500 | +1.0% |
| Amounts receivable within one year | 40/41 | €118,133 | €198,907 | +€80,774 | +68.4% |
| Trade receivables | 40 | €61,773 | €157,425 | +€95,651 | +154.8% |
| Other amounts receivable | 41 | €56,360 | €41,482 | -€14,878 | -26.4% |
| Cash at bank and in hand | 54/58 | €258,760 | €134,775 | -€123,985 | -47.9% |
| Deferred charges and accrued income | 490/1 | €7,789 | €15,924 | +€8,135 | +104.4% |
| Total equity and liabilities | 10/49 | €1,269,484 | €1,020,562 | -€248,921 | -19.6% |
| Equity | 10/15 | €528,784 | €467,899 | -€60,885 | -11.5% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Reserves | 13 | €433,784 | €372,899 | -€60,885 | -14.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €427,587 | €366,701 | -€60,885 | -14.2% |
| Amounts payable | 17/49 | €740,700 | €552,664 | -€188,036 | -25.4% |
| Amounts payable after more than one year | 17 | €390,837 | €209,900 | -€180,937 | -46.3% |
| Financial debts | 170/4 | €390,837 | €209,900 | -€180,937 | -46.3% |
| Amounts payable within one year | 42/48 | €330,273 | €337,722 | +€7,449 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €213,941 | €163,526 | -€50,415 | -23.6% |
| Trade debts | 44 | €48,961 | €106,933 | +€57,972 | +118.4% |
| Suppliers | 440/4 | €48,961 | €106,933 | +€57,972 | +118.4% |
| Taxes, remuneration and social security | 45 | €4,509 | €4,264 | -€246 | -5.4% |
| Taxes | 450/3 | €1,735 | €1,490 | -€246 | -14.1% |
| Remuneration and social security | 454/9 | €2,774 | €2,774 | = | 0.0% |
| Other amounts payable | 47/48 | €62,862 | €62,999 | +€137 | +0.2% |
| Accrued charges and deferred income | 492/3 | €19,589 | €5,041 | -€14,548 | -74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €194,478 | €185,322 | -€9,157 | -4.7% |
| Other operating charges | 640/8 | €9,681 | €37,674 | +€27,994 | +289.2% |
| Gross operating margin | 9900 | €266,039 | €180,464 | -€85,575 | -32.2% |
| Operating profit (loss) | 9901 | €61,880 | -€42,532 | -€104,412 | |
| Financial income | 75/76B | €285 | €1,930 | +€1,644 | +576.4% |
| Recurring financial income | 75 | €285 | €1,930 | +€1,644 | +576.4% |
| Financial charges | 65/66B | €20,256 | €20,032 | -€224 | -1.1% |
| Recurring financial charges | 65 | €20,256 | €20,032 | -€224 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €41,909 | -€60,634 | -€102,543 | |
| Income taxes | 67/77 | €12,575 | €251 | -€12,324 | -98.0% |
| Profit (loss) for the period | 9904 | €29,334 | -€60,885 | -€90,219 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,334 | -€60,885 | -€90,219 |
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 10 October 2026 via checked.be.