Maserit: 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.
Maserit
Largest movements
- Cash -€44,959
down €44,959 (-58.6%), from €76,764 to €31,805
mainly Other debts (-€49,823) and Tax, wage and social debts (-€8,588)
- Receivables within one year -€11,216
down €11,216 (-18.0%), from €62,448 to €51,232
of which Trade receivables: -€8,451
- Deferred charges and accrued income -€3,289
down €3,289 (-28.0%), from €11,743 to €8,454
- Tangible fixed assets -€2,357
down €2,357 (-19.0%), from €12,407 to €10,050
of which Land and buildings: -€1,831
- Other debts -€49,823
down €49,823 (-45.7%), from €108,955 to €59,132
- Tax, wage and social debts -€8,588
down €8,588 (-34.2%), from €25,145 to €16,557
- Reserves -€1,700
down €1,700 (-31.7%), from €5,360 to €3,660
of which Distributable reserves: -€1,700
- Trade debts -€1,671
down €1,671 (-31.8%), from €5,253 to €3,582
- Gross operating margin -€50,655
down €50,655 (-72.6%), from €69,821 to €19,165
- Taxes -€12,211
down €12,211 (-95.7%), from €12,753 to €542
- Other operating charges -€1,538
down €1,538 (-50.5%), from €3,048 to €1,510
- Depreciation +€1,243
up €1,243 (+17.7%), from €7,040 to €8,284
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.
Derived cash bridge
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 | €163,363 | €101,541 | -€61,821 | -37.8% |
| Fixed assets | 21/28 | €12,407 | €10,050 | -€2,357 | -19.0% |
| Tangible fixed assets | 22/27 | €12,407 | €10,050 | -€2,357 | -19.0% |
| Land and buildings | 22 | €4,221 | €2,390 | -€1,831 | -43.4% |
| Furniture and vehicles | 24 | €8,186 | €7,661 | -€526 | -6.4% |
| Current assets | 29/58 | €150,956 | €91,491 | -€59,465 | -39.4% |
| Amounts receivable within one year | 40/41 | €62,448 | €51,232 | -€11,216 | -18.0% |
| Trade receivables | 40 | €27,225 | €18,774 | -€8,451 | -31.0% |
| Other amounts receivable | 41 | €35,223 | €32,458 | -€2,766 | -7.9% |
| Cash at bank and in hand | 54/58 | €76,764 | €31,805 | -€44,959 | -58.6% |
| Deferred charges and accrued income | 490/1 | €11,743 | €8,454 | -€3,289 | -28.0% |
| Total equity and liabilities | 10/49 | €163,363 | €101,541 | -€61,821 | -37.8% |
| Equity | 10/15 | €24,009 | €22,270 | -€1,739 | -7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,360 | €3,660 | -€1,700 | -31.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €5,360 | €3,660 | -€1,700 | -31.7% |
| Profit (loss) carried forward | 14 | €49 | €10 | -€39 | -79.9% |
| Amounts payable | 17/49 | €139,353 | €79,271 | -€60,082 | -43.1% |
| Amounts payable within one year | 42/48 | €139,353 | €79,271 | -€60,082 | -43.1% |
| Trade debts | 44 | €5,253 | €3,582 | -€1,671 | -31.8% |
| Suppliers | 440/4 | €5,253 | €3,582 | -€1,671 | -31.8% |
| Taxes, remuneration and social security | 45 | €25,145 | €16,557 | -€8,588 | -34.2% |
| Taxes | 450/3 | €25,145 | €16,557 | -€8,588 | -34.2% |
| Other amounts payable | 47/48 | €108,955 | €59,132 | -€49,823 | -45.7% |
| Non-recurring operating income | 76A | €3,844 | €0 | -€3,844 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,040 | €8,284 | +€1,243 | +17.7% |
| Other operating charges | 640/8 | €3,048 | €1,510 | -€1,538 | -50.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €69,821 | €19,165 | -€50,655 | -72.6% |
| Operating profit (loss) | 9901 | €59,733 | €9,372 | -€50,361 | -84.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €8,487 | €8,903 | +€416 | +4.9% |
| Recurring financial charges | 65 | €8,487 | €8,903 | +€416 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €51,245 | €469 | -€50,776 | -99.1% |
| Income taxes | 67/77 | €12,753 | €542 | -€12,211 | -95.7% |
| Profit (loss) for the period | 9904 | €38,493 | -€73 | -€38,566 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,493 | -€73 | -€38,566 |
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 13 October 2026 via checked.be.