MASERVA: 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.
MASERVA
Largest movements
- Cash +€99,976
up €99,976 (+104141.7%), from €96 to €100,072
mainly Net result for the year (+€90,208) and Tax, wage and social debts (+€8,330)
- Reserves +€83,300
new in 2025: €83,300
- Financial income +€100,000
new in 2025: €100,000
- Taxes +€8,330
new in 2025: €8,330
- Gross operating margin +€5,398
up €5,398 (+79.0%), from -€6,835 to -€1,438
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 | €971,372 | €1,071,348 | +€99,976 | +10.3% |
| Fixed assets | 21/28 | €971,276 | €971,276 | = | 0.0% |
| Financial fixed assets | 28 | €971,276 | €971,276 | = | 0.0% |
| Current assets | 29/58 | €96 | €100,072 | +€99,976 | +104141.7% |
| Cash at bank and in hand | 54/58 | €96 | €100,072 | +€99,976 | +104141.7% |
| Total equity and liabilities | 10/49 | €971,372 | €1,071,348 | +€99,976 | +10.3% |
| Equity | 10/15 | €964,437 | €1,054,645 | +€90,208 | +9.4% |
| Contributions | 10/11 | €971,276 | €971,276 | = | 0.0% |
| Reserves | 13 | - | €83,300 | +€83,300 | |
| Distributable reserves | 133 | - | €83,300 | +€83,300 | |
| Profit (loss) carried forward | 14 | -€6,839 | €69 | +€6,908 | |
| Amounts payable | 17/49 | €6,935 | €16,703 | +€9,768 | +140.8% |
| Amounts payable within one year | 42/48 | €6,935 | €16,703 | +€9,768 | +140.8% |
| Taxes, remuneration and social security | 45 | - | €8,330 | +€8,330 | |
| Taxes | 450/3 | - | €8,330 | +€8,330 | |
| Other amounts payable | 47/48 | €6,935 | €8,373 | +€1,438 | +20.7% |
| Gross operating margin | 9900 | -€6,835 | -€1,438 | +€5,398 | +79.0% |
| Operating profit (loss) | 9901 | -€6,835 | -€1,438 | +€5,398 | +79.0% |
| Financial income | 75/76B | - | €100,000 | +€100,000 | |
| Recurring financial income | 75 | - | €100,000 | +€100,000 | |
| Financial charges | 65/66B | €4 | €24 | +€20 | +500.0% |
| Recurring financial charges | 65 | €4 | €24 | +€20 | +500.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,839 | €98,538 | +€105,378 | |
| Income taxes | 67/77 | - | €8,330 | +€8,330 | |
| Profit (loss) for the period | 9904 | -€6,839 | €90,208 | +€97,048 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,839 | €90,208 | +€97,048 |
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 3 October 2026 via checked.be.