MASHRIQ: 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.
MASHRIQ
Largest movements
- Receivables within one year +€31,881
up €31,881 (+94.1%), from €33,885 to €65,766
of which Trade receivables: +€28,689
- Stocks and contracts +€22,787
up €22,787 (+456%), from €5,000 to €27,787
- Cash +€7,173
up €7,173 (+104%), from €6,897 to €14,071
mainly Trade debts (+€35,842) and Tax, wage and social debts (+€18,329)
- Trade debts +€35,842
up €35,842 (+63.5%), from €56,403 to €92,245
- Tax, wage and social debts +€18,329
up €18,329 (+355%), from €5,167 to €23,495
of which Remuneration and social security: +€16,939
- Profit (loss) carried forward +€14,250
up €14,250 (+54.0%), from -€26,366 to -€12,117
- Contributions -€5,500
down €5,500 (-57.9%), from €9,500 to €4,000
- Other debts -€1,079
no longer reported in 2024 (was €1,079)
- Turnover +€107,296
up €107,296 (+78.7%), from €136,326 to €243,622
- Gross operating margin +€83,751
up €83,751, from -€3,470 to €80,281
- Purchases and services +€53,149
up €53,149 (+37.6%), from €141,459 to €194,608
- Staff costs +€37,978
up €37,978 (+190%), from €19,992 to €57,970
- Other operating charges +€4,608
up €4,608 (+174%), from €2,649 to €7,257
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,783 | €107,624 | +€61,841 | +135% |
| Current assets | 29/58 | €45,783 | €107,624 | +€61,841 | +135% |
| Stocks and contracts in progress | 3 | €5,000 | €27,787 | +€22,787 | +456% |
| Stocks | 30/36 | €5,000 | €27,787 | +€22,787 | +456% |
| Amounts receivable within one year | 40/41 | €33,885 | €65,766 | +€31,881 | +94.1% |
| Trade receivables | 40 | €33,804 | €62,493 | +€28,689 | +84.9% |
| Other amounts receivable | 41 | €82 | €3,274 | +€3,192 | +3,916% |
| Cash at bank and in hand | 54/58 | €6,897 | €14,071 | +€7,173 | +104% |
| Total equity and liabilities | 10/49 | €45,783 | €107,624 | +€61,841 | +135% |
| Equity | 10/15 | -€16,866 | -€8,117 | +€8,750 | +51.9% |
| Contributions | 10/11 | €9,500 | €4,000 | -€5,500 | -57.9% |
| Profit (loss) carried forward | 14 | -€26,366 | -€12,117 | +€14,250 | +54.0% |
| Amounts payable | 17/49 | €62,649 | €115,740 | +€53,091 | +84.7% |
| Amounts payable within one year | 42/48 | €62,649 | €115,740 | +€53,091 | +84.7% |
| Trade debts | 44 | €56,403 | €92,245 | +€35,842 | +63.5% |
| Suppliers | 440/4 | €56,403 | €92,245 | +€35,842 | +63.5% |
| Taxes, remuneration and social security | 45 | €5,167 | €23,495 | +€18,329 | +355% |
| Taxes | 450/3 | €3,438 | €4,827 | +€1,389 | +40.4% |
| Remuneration and social security | 454/9 | €1,729 | €18,668 | +€16,939 | +980% |
| Other amounts payable | 47/48 | €1,079 | - | -€1,079 | |
| Turnover | 70 | €136,326 | €243,622 | +€107,296 | +78.7% |
| Non-recurring operating income | 76A | - | €30,000 | +€30,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €141,459 | €194,608 | +€53,149 | +37.6% |
| Remuneration, social security and pensions | 62 | €19,992 | €57,970 | +€37,978 | +190% |
| Other operating charges | 640/8 | €2,649 | €7,257 | +€4,608 | +174% |
| Gross operating margin | 9900 | -€3,470 | €80,281 | +€83,751 | |
| Operating profit (loss) | 9901 | -€26,111 | €15,054 | +€41,165 | |
| Financial charges | 65/66B | €1,173 | €804 | -€369 | -31.5% |
| Recurring financial charges | 65 | €1,173 | €804 | -€369 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | -€27,284 | €14,250 | +€41,534 | |
| Income taxes | 67/77 | €229 | - | -€229 | |
| Profit (loss) for the period | 9904 | -€27,514 | €14,250 | +€41,764 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,514 | €14,250 | +€41,764 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.