MASCIULLI: 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.
MASCIULLI
Largest movements
- Cash +€41,604
up €41,604 (+131.4%), from €31,666 to €73,270
mainly Net result for the year (+€29,511) and Other debts (+€15,664)
- Other debts +€15,664
up €15,664 (+108.4%), from €14,455 to €30,119
- Tax, wage and social debts +€14,069
up €14,069 (+97.5%), from €14,434 to €28,503
- Profit (loss) carried forward +€11,864
new in 2025: €11,864
- Gross operating margin +€1,224
up €1,224 (+3.3%), from €37,619 to €38,843
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 | €31,666 | €73,293 | +€41,627 | +131.5% |
| Current assets | 29/58 | €31,666 | €73,293 | +€41,627 | +131.5% |
| Cash at bank and in hand | 54/58 | €31,666 | €73,270 | +€41,604 | +131.4% |
| Deferred charges and accrued income | 490/1 | - | €24 | +€24 | |
| Total equity and liabilities | 10/49 | €31,666 | €73,293 | +€41,627 | +131.5% |
| Equity | 10/15 | €2,777 | €14,641 | +€11,864 | +427.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €2,677 | €2,677 | +€0 | 0.0% |
| Distributable reserves | 133 | €2,677 | €2,677 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | - | €11,864 | +€11,864 | |
| Amounts payable | 17/49 | €28,889 | €58,652 | +€29,763 | +103.0% |
| Amounts payable within one year | 42/48 | €28,889 | €58,652 | +€29,763 | +103.0% |
| Trade debts | 44 | - | €30 | +€30 | |
| Suppliers | 440/4 | - | €30 | +€30 | |
| Taxes, remuneration and social security | 45 | €14,434 | €28,503 | +€14,069 | +97.5% |
| Taxes | 450/3 | €14,434 | €28,503 | +€14,069 | +97.5% |
| Other amounts payable | 47/48 | €14,455 | €30,119 | +€15,664 | +108.4% |
| Other operating charges | 640/8 | €387 | €521 | +€134 | +34.6% |
| Gross operating margin | 9900 | €37,619 | €38,843 | +€1,224 | +3.3% |
| Operating profit (loss) | 9901 | €37,232 | €38,322 | +€1,090 | +2.9% |
| Financial income | 75/76B | €288 | - | -€288 | |
| Recurring financial income | 75 | €288 | - | -€288 | |
| Financial charges | 65/66B | €413 | €162 | -€251 | -60.7% |
| Recurring financial charges | 65 | €413 | €162 | -€251 | -60.7% |
| Profit (loss) for the period before taxes | 9903 | €37,107 | €38,160 | +€1,053 | +2.8% |
| Income taxes | 67/77 | €8,465 | €8,649 | +€184 | +2.2% |
| Profit (loss) for the period | 9904 | €28,642 | €29,511 | +€869 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,642 | €29,511 | +€869 | +3.0% |
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 12 October 2026 via checked.be.