MASHATU: 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.
MASHATU
Largest movements
- Cash -€11,196
down €11,196 (-90.4%), from €12,391 to €1,195
mainly Other debts (-€17,585) and Receivables within one year (-€6,205)
- Tangible fixed assets -€7,500
down €7,500 (-28.9%), from €25,969 to €18,469
of which Furniture and vehicles: -€4,163
- Receivables within one year +€6,205
up €6,205 (+6242.6%), from €99 to €6,305
of which Trade receivables: +€4,515
- Other debts -€17,585
down €17,585 (-3.2%), from €551,167 to €533,583
- Profit (loss) carried forward +€10,294
up €10,294 (+51.8%), from -€19,892 to -€9,597
- Purchases and services +€48,656
up €48,656 (+58.3%), from €83,433 to €132,089
- Gross operating margin -€35,213
down €35,213 (-58.3%), from €60,450 to €25,236
- Financial income +€29,532
up €29,532 (+295319900.0%), from €0 to €29,532
- Turnover +€20,183
up €20,183 (+15.3%), from €132,002 to €152,185
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 | €577,158 | €564,666 | -€12,492 | -2.2% |
| Fixed assets | 21/28 | €564,667 | €557,167 | -€7,500 | -1.3% |
| Tangible fixed assets | 22/27 | €25,969 | €18,469 | -€7,500 | -28.9% |
| Furniture and vehicles | 24 | €8,742 | €4,579 | -€4,163 | -47.6% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €17,227 | €13,890 | -€3,337 | -19.4% |
| Financial fixed assets | 28 | €538,698 | €538,698 | = | 0.0% |
| Current assets | 29/58 | €12,491 | €7,500 | -€4,991 | -40.0% |
| Amounts receivable within one year | 40/41 | €99 | €6,305 | +€6,205 | +6242.6% |
| Trade receivables | 40 | €99 | €4,615 | +€4,515 | +4542.4% |
| Other amounts receivable | 41 | - | €1,690 | +€1,690 | |
| Cash at bank and in hand | 54/58 | €12,391 | €1,195 | -€11,196 | -90.4% |
| Total equity and liabilities | 10/49 | €577,158 | €564,666 | -€12,492 | -2.2% |
| Equity | 10/15 | €8,860 | €14,944 | +€6,084 | +68.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,152 | €5,941 | -€4,211 | -41.5% |
| Tax-exempt reserves | 132 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €8,292 | €5,941 | -€2,351 | -28.3% |
| Profit (loss) carried forward | 14 | -€19,892 | -€9,597 | +€10,294 | +51.8% |
| Amounts payable | 17/49 | €568,298 | €549,723 | -€18,575 | -3.3% |
| Amounts payable within one year | 42/48 | €568,298 | €549,723 | -€18,575 | -3.3% |
| Trade debts | 44 | €1,637 | €1,964 | +€327 | +20.0% |
| Suppliers | 440/4 | €1,637 | €1,964 | +€327 | +20.0% |
| Taxes, remuneration and social security | 45 | €15,494 | €14,176 | -€1,318 | -8.5% |
| Taxes | 450/3 | €15,494 | €14,176 | -€1,318 | -8.5% |
| Other amounts payable | 47/48 | €551,167 | €533,583 | -€17,585 | -3.2% |
| Turnover | 70 | €132,002 | €152,185 | +€20,183 | +15.3% |
| Non-recurring operating income | 76A | €6,914 | - | -€6,914 | |
| Goods, raw materials, services and sundry goods | 60/61 | €83,433 | €132,089 | +€48,656 | +58.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,771 | €7,500 | -€1,270 | -14.5% |
| Other operating charges | 640/8 | €1,805 | €1,620 | -€186 | -10.3% |
| Gross operating margin | 9900 | €60,450 | €25,236 | -€35,213 | -58.3% |
| Operating profit (loss) | 9901 | €49,874 | €16,116 | -€33,757 | -67.7% |
| Financial income | 75/76B | €0 | €29,532 | +€29,532 | +295319900.0% |
| Recurring financial income | 75 | €0 | €29,532 | +€29,532 | +295319900.0% |
| Financial charges | 65/66B | €29,706 | €29,692 | -€14 | 0.0% |
| Recurring financial charges | 65 | €29,706 | €29,692 | -€14 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €20,167 | €15,956 | -€4,211 | -20.9% |
| Income taxes | 67/77 | €5,340 | €5,662 | +€322 | +6.0% |
| Profit (loss) for the period | 9904 | €14,828 | €10,294 | -€4,533 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,828 | €10,294 | -€4,533 | -30.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.