MASCON: 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.
MASCON
Largest movements
- Cash +€577,889
up €577,889 (+3166.8%), from €18,248 to €596,137
mainly Stocks and contracts (+€566,558) and Net result for the year (+€92,879)
- Stocks and contracts -€566,558
down €566,558 (-91.2%), from €621,565 to €55,007
- Receivables within one year +€7,309
up €7,309 (+274.6%), from €2,661 to €9,970
- Reserves +€92,879
up €92,879 (+18.9%), from €492,357 to €585,236
- Debts after one year -€85,347
down €85,347 (-67.2%), from €126,983 to €41,636
- Trade debts +€14,001
up €14,001 (+317.0%), from €4,417 to €18,418
- Gross operating margin +€124,889
up €124,889, from -€17,191 to €107,697
- Taxes +€13,434
up €13,434 (+4983.2%), from €270 to €13,704
- Financial income -€2,692
down €2,692 (-78.2%), from €3,441 to €749
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 | €642,475 | €663,904 | +€21,430 | +3.3% |
| Fixed assets | 21/28 | - | €2,790 | +€2,790 | |
| Tangible fixed assets | 22/27 | - | €2,790 | +€2,790 | |
| Furniture and vehicles | 24 | - | €2,790 | +€2,790 | |
| Current assets | 29/58 | €642,475 | €661,114 | +€18,640 | +2.9% |
| Stocks and contracts in progress | 3 | €621,565 | €55,007 | -€566,558 | -91.2% |
| Stocks | 30/36 | €621,565 | €55,007 | -€566,558 | -91.2% |
| Amounts receivable within one year | 40/41 | €2,661 | €9,970 | +€7,309 | +274.6% |
| Other amounts receivable | 41 | €2,661 | €9,970 | +€7,309 | +274.6% |
| Cash at bank and in hand | 54/58 | €18,248 | €596,137 | +€577,889 | +3166.8% |
| Total equity and liabilities | 10/49 | €642,475 | €663,904 | +€21,430 | +3.3% |
| Equity | 10/15 | €510,957 | €603,836 | +€92,879 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €492,357 | €585,236 | +€92,879 | +18.9% |
| Distributable reserves | 133 | €492,357 | €585,236 | +€92,879 | +18.9% |
| Amounts payable | 17/49 | €131,518 | €60,069 | -€71,449 | -54.3% |
| Amounts payable after more than one year | 17 | €126,983 | €41,636 | -€85,347 | -67.2% |
| Other amounts payable | 178/9 | €126,983 | €41,636 | -€85,347 | -67.2% |
| Amounts payable within one year | 42/48 | €4,535 | €18,433 | +€13,898 | +306.5% |
| Trade debts | 44 | €4,417 | €18,418 | +€14,001 | +317.0% |
| Suppliers | 440/4 | €4,417 | €18,418 | +€14,001 | +317.0% |
| Taxes, remuneration and social security | 45 | €118 | €15 | -€103 | -87.6% |
| Taxes | 450/3 | €118 | €15 | -€103 | -87.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €259 | +€259 | |
| Other operating charges | 640/8 | €2,107 | €1,604 | -€503 | -23.9% |
| Gross operating margin | 9900 | -€17,191 | €107,697 | +€124,889 | |
| Operating profit (loss) | 9901 | -€19,298 | €105,835 | +€125,133 | |
| Financial income | 75/76B | €3,441 | €749 | -€2,692 | -78.2% |
| Recurring financial income | 75 | €3,441 | €749 | -€2,692 | -78.2% |
| Financial charges | 65/66B | €42 | €2 | -€41 | -96.1% |
| Recurring financial charges | 65 | €42 | €2 | -€41 | -96.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,899 | €106,582 | +€122,482 | |
| Income taxes | 67/77 | €270 | €13,704 | +€13,434 | +4983.2% |
| Profit (loss) for the period | 9904 | -€16,169 | €92,879 | +€109,047 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,169 | €92,879 | +€109,047 |
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.