Mascomove: 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.
Mascomove
Largest movements
- Cash +€19,680
up €19,680 (+45.6%), from €43,204 to €62,884
mainly Depreciation (+€24,748) and Contributions, distributions and other (+€12,400)
- Tangible fixed assets -€11,950
down €11,950 (-19.1%), from €62,661 to €50,711
of which Other tangible fixed assets: -€7,839
- Other debts -€14,401
down €14,401 (-41.3%), from €34,876 to €20,475
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Trade debts +€6,689
up €6,689 (+25.3%), from €26,463 to €33,152
- Reserves +€4,460
up €4,460 (+10.4%), from €42,716 to €47,176
of which Distributable reserves: +€4,460
- Tax, wage and social debts -€1,430
down €1,430 (-48.9%), from €2,923 to €1,494
- Depreciation -€3,005
down €3,005 (-10.8%), from €27,754 to €24,748
- Taxes +€2,004
up €2,004 (+147.2%), from €1,362 to €3,366
- Gross operating margin +€1,593
up €1,593 (+5.0%), from €31,925 to €33,517
- Other operating charges -€501
down €501 (-47.3%), from €1,058 to €557
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 | €113,179 | €120,898 | +€7,718 | +6.8% |
| Fixed assets | 21/28 | €62,661 | €50,711 | -€11,950 | -19.1% |
| Tangible fixed assets | 22/27 | €62,661 | €50,711 | -€11,950 | -19.1% |
| Land and buildings | 22 | €7,025 | €7,025 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,922 | €3,457 | -€465 | -11.9% |
| Furniture and vehicles | 24 | €6,386 | €2,740 | -€3,646 | -57.1% |
| Other tangible fixed assets | 26 | €45,327 | €37,488 | -€7,839 | -17.3% |
| Current assets | 29/58 | €50,518 | €70,186 | +€19,668 | +38.9% |
| Amounts receivable within one year | 40/41 | €5,300 | €4,916 | -€384 | -7.2% |
| Trade receivables | 40 | €1,534 | €1,150 | -€384 | -25.0% |
| Other amounts receivable | 41 | €3,766 | €3,766 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €43,204 | €62,884 | +€19,680 | +45.6% |
| Deferred charges and accrued income | 490/1 | €2,015 | €2,386 | +€372 | +18.4% |
| Total equity and liabilities | 10/49 | €113,179 | €120,898 | +€7,718 | +6.8% |
| Equity | 10/15 | €48,916 | €65,776 | +€16,860 | +34.5% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €42,716 | €47,176 | +€4,460 | +10.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €40,856 | €45,316 | +€4,460 | +10.9% |
| Amounts payable | 17/49 | €64,263 | €55,121 | -€9,141 | -14.2% |
| Amounts payable within one year | 42/48 | €64,263 | €55,121 | -€9,141 | -14.2% |
| Trade debts | 44 | €26,463 | €33,152 | +€6,689 | +25.3% |
| Suppliers | 440/4 | €26,463 | €33,152 | +€6,689 | +25.3% |
| Taxes, remuneration and social security | 45 | €2,923 | €1,494 | -€1,430 | -48.9% |
| Taxes | 450/3 | €2,923 | €1,494 | -€1,430 | -48.9% |
| Other amounts payable | 47/48 | €34,876 | €20,475 | -€14,401 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,754 | €24,748 | -€3,005 | -10.8% |
| Other operating charges | 640/8 | €1,058 | €557 | -€501 | -47.3% |
| Gross operating margin | 9900 | €31,925 | €33,517 | +€1,593 | +5.0% |
| Operating profit (loss) | 9901 | €3,113 | €8,212 | +€5,099 | +163.8% |
| Financial income | 75/76B | €3 | €196 | +€192 | +6129.6% |
| Recurring financial income | 75 | €3 | €196 | +€192 | +6129.6% |
| Financial charges | 65/66B | €476 | €582 | +€106 | +22.3% |
| Recurring financial charges | 65 | €476 | €582 | +€106 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €2,641 | €7,826 | +€5,185 | +196.3% |
| Income taxes | 67/77 | €1,362 | €3,366 | +€2,004 | +147.2% |
| Profit (loss) for the period | 9904 | €1,279 | €4,460 | +€3,181 | +248.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,279 | €4,460 | +€3,181 | +248.7% |
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 11 October 2026 via checked.be.