MASH CONSULTING: 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.
MASH CONSULTING
Largest movements
- Receivables after one year +€16,668
up €16,668 (+11.6%), from €144,122 to €160,790
- Deferred charges and accrued income -€12,977
down €12,977 (-90.6%), from €14,327 to €1,350
- Receivables within one year -€7,096
down €7,096 (-7.2%), from €99,118 to €92,022
of which Trade receivables: -€15,920
- Cash +€5,875
up €5,875 (+53.6%), from €10,961 to €16,836
mainly Net result for the year (+€25,780) and Deferred charges and accrued income (+€12,977)
- Reserves -€8,857
down €8,857 (-3.4%), from €264,090 to €255,233
of which Distributable reserves: -€8,857
- Short-term financial debts +€6,687
up €6,687, from €0 to €6,687
- Tax, wage and social debts +€4,344
up €4,344 (+25.7%), from €16,930 to €21,274
- Gross operating margin -€34,805
down €34,805 (-45.9%), from €75,891 to €41,086
- Taxes -€7,868
down €7,868 (-34.8%), from €22,638 to €14,769
- Write-downs +€2,993
up €2,993 (+633%), from €473 to €3,465
- Other operating charges -€1,497
down €1,497 (-59.3%), from €2,526 to €1,029
- Financial income +€1,009
up €1,009 (+13.7%), from €7,353 to €8,362
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 | €287,282 | €290,643 | +€3,361 | +1.2% |
| Fixed assets | 21/28 | €291 | €97 | -€193 | -66.5% |
| Tangible fixed assets | 22/27 | €291 | €97 | -€193 | -66.5% |
| Furniture and vehicles | 24 | €291 | €97 | -€193 | -66.5% |
| Current assets | 29/58 | €286,991 | €290,546 | +€3,555 | +1.2% |
| Amounts receivable after more than one year | 29 | €144,122 | €160,790 | +€16,668 | +11.6% |
| Other amounts receivable | 291 | €144,122 | €160,790 | +€16,668 | +11.6% |
| Stocks and contracts in progress | 3 | €18,463 | €19,548 | +€1,085 | +5.9% |
| Stocks | 30/36 | €18,463 | €19,548 | +€1,085 | +5.9% |
| Amounts receivable within one year | 40/41 | €99,118 | €92,022 | -€7,096 | -7.2% |
| Trade receivables | 40 | €24,944 | €9,024 | -€15,920 | -63.8% |
| Other amounts receivable | 41 | €74,174 | €82,998 | +€8,824 | +11.9% |
| Cash at bank and in hand | 54/58 | €10,961 | €16,836 | +€5,875 | +53.6% |
| Deferred charges and accrued income | 490/1 | €14,327 | €1,350 | -€12,977 | -90.6% |
| Total equity and liabilities | 10/49 | €287,282 | €290,643 | +€3,361 | +1.2% |
| Equity | 10/15 | €270,290 | €261,433 | -€8,857 | -3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €264,090 | €255,233 | -€8,857 | -3.4% |
| 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 | €262,230 | €253,373 | -€8,857 | -3.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,992 | €29,210 | +€12,218 | +71.9% |
| Amounts payable within one year | 42/48 | €16,992 | €29,210 | +€12,218 | +71.9% |
| Financial debts | 43 | €0 | €6,687 | +€6,687 | |
| Credit institutions | 430/8 | €0 | €6,687 | +€6,687 | |
| Trade debts | 44 | €62 | €1,249 | +€1,187 | +1,917% |
| Suppliers | 440/4 | €62 | €1,249 | +€1,187 | +1,917% |
| Taxes, remuneration and social security | 45 | €16,930 | €21,274 | +€4,344 | +25.7% |
| Taxes | 450/3 | €16,930 | €21,274 | +€4,344 | +25.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193 | €193 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €473 | €3,465 | +€2,993 | +633% |
| Other operating charges | 640/8 | €2,526 | €1,029 | -€1,497 | -59.3% |
| Gross operating margin | 9900 | €75,891 | €41,086 | -€34,805 | -45.9% |
| Operating profit (loss) | 9901 | €72,699 | €36,399 | -€36,300 | -49.9% |
| Financial income | 75/76B | €7,353 | €8,362 | +€1,009 | +13.7% |
| Recurring financial income | 75 | €7,353 | €8,362 | +€1,009 | +13.7% |
| Financial charges | 65/66B | €4,506 | €4,212 | -€293 | -6.5% |
| Recurring financial charges | 65 | €4,506 | €4,212 | -€293 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €75,547 | €40,549 | -€34,997 | -46.3% |
| Income taxes | 67/77 | €22,638 | €14,769 | -€7,868 | -34.8% |
| Profit (loss) for the period | 9904 | €52,909 | €25,780 | -€27,129 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,909 | €25,780 | -€27,129 | -51.3% |
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 20 October 2026 via checked.be.