MASCOP: what changed
Two fiscal 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.
MASCOP
Largest movements
- Cash -€73,682
down €73,682 (-65.8%), from €111,936 to €38,255
mainly Investment in fixed assets (net) (-€114,025) and Trade debts (-€35,956)
- Tangible fixed assets +€27,586
up €27,586 (+2.2%), from €1.3m to €1.3m
of which Land and buildings: +€61,120
- Trade debts -€35,956
down €35,956 (-94.9%), from €37,878 to €1,922
- Profit (loss) carried forward -€34,432
down €34,432, from €15,284 to -€19,148
- Other debts +€22,968
up €22,968 (+2.6%), from €896,064 to €919,032
- Depreciation +€21,287
up €21,287 (+32.7%), from €65,151 to €86,439
- Gross operating margin +€18,068
up €18,068 (+45.6%), from €39,653 to €57,721
- Other operating charges -€2,335
down €2,335 (-36.2%), from €6,444 to €4,110
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 | €1,426,656 | €1,379,014 | -€47,642 | -3.3% |
| Fixed assets | 21/28 | €1,258,419 | €1,286,004 | +€27,586 | +2.2% |
| Tangible fixed assets | 22/27 | €1,258,394 | €1,285,980 | +€27,586 | +2.2% |
| Land and buildings | 22 | €1,055,512 | €1,116,631 | +€61,120 | +5.8% |
| Plant, machinery and equipment | 23 | €117,796 | €106,591 | -€11,206 | -9.5% |
| Furniture and vehicles | 24 | €85,086 | €62,757 | -€22,329 | -26.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €168,238 | €93,010 | -€75,228 | -44.7% |
| Amounts receivable within one year | 40/41 | €2,156 | - | -€2,156 | |
| Other amounts receivable | 41 | €2,156 | - | -€2,156 | |
| Cash at bank and in hand | 54/58 | €111,936 | €38,255 | -€73,682 | -65.8% |
| Deferred charges and accrued income | 490/1 | €54,145 | €54,755 | +€610 | +1.1% |
| Total equity and liabilities | 10/49 | €1,426,656 | €1,379,014 | -€47,642 | -3.3% |
| Equity | 10/15 | €486,962 | €452,530 | -€34,432 | -7.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €446,678 | €446,678 | = | 0.0% |
| Distributable reserves | 133 | €446,678 | €446,678 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,284 | -€19,148 | -€34,432 | |
| Amounts payable | 17/49 | €939,694 | €926,484 | -€13,210 | -1.4% |
| Amounts payable within one year | 42/48 | €934,426 | €921,426 | -€13,000 | -1.4% |
| Trade debts | 44 | €37,878 | €1,922 | -€35,956 | -94.9% |
| Suppliers | 440/4 | €37,878 | €1,922 | -€35,956 | -94.9% |
| Taxes, remuneration and social security | 45 | €484 | €473 | -€11 | -2.3% |
| Taxes | 450/3 | €484 | €473 | -€11 | -2.3% |
| Other amounts payable | 47/48 | €896,064 | €919,032 | +€22,968 | +2.6% |
| Accrued charges and deferred income | 492/3 | €5,268 | €5,058 | -€210 | -4.0% |
| Remuneration, social security and pensions | 62 | €283 | - | -€283 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,151 | €86,439 | +€21,287 | +32.7% |
| Other operating charges | 640/8 | €6,444 | €4,110 | -€2,335 | -36.2% |
| Gross operating margin | 9900 | €39,653 | €57,721 | +€18,068 | +45.6% |
| Operating profit (loss) | 9901 | -€32,225 | -€32,827 | -€602 | -1.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €896 | €1,134 | +€238 | +26.6% |
| Recurring financial charges | 65 | €896 | €1,134 | +€238 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | -€33,121 | -€33,959 | -€838 | -2.5% |
| Income taxes | 67/77 | €484 | €473 | -€11 | -2.3% |
| Profit (loss) for the period | 9904 | -€33,605 | -€34,432 | -€827 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,605 | -€34,432 | -€827 | -2.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.