MASKEEN: what changed
MASKEEN
Largest movements
- Stocks and contracts +€21,610
up €21,610 (+63.4%), from €34,077 to €55,687
- Cash +€575
up €575 (+128%), from €448 to €1,023
mainly Debts after one year (+€19,880) and Contributions, distributions and other (+€5,960)
- Debts after one year +€19,880
new in 2025: €19,880
- Contributions +€5,000
new in 2025: €5,000
- Trade debts -€4,665
down €4,665 (-79.3%), from €5,885 to €1,220
- Profit (loss) carried forward +€3,368
up €3,368 (+14.5%), from €23,216 to €26,584
- Tax, wage and social debts -€2,768
down €2,768 (-51.0%), from €5,424 to €2,656
- Turnover +€28,937
up €28,937 (+25.6%), from €112,889 to €141,826
- Purchases and services +€13,084
up €13,084 (+10.7%), from €122,743 to €135,827
- Taxes +€4,041
up €4,041, from -€2,918 to €1,123
- Gross operating margin -€2,176
down €2,176 (-26.6%), from €8,175 to €5,999
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,525 | €56,819 | +€22,294 | +64.6% |
| Current assets | 29/58 | €34,525 | €56,819 | +€22,294 | +64.6% |
| Stocks and contracts in progress | 3 | €34,077 | €55,687 | +€21,610 | +63.4% |
| Stocks | 30/36 | €34,077 | €55,687 | +€21,610 | +63.4% |
| Amounts receivable within one year | 40/41 | - | €109 | +€109 | |
| Other amounts receivable | 41 | - | €109 | +€109 | |
| Cash at bank and in hand | 54/58 | €448 | €1,023 | +€575 | +128% |
| Total equity and liabilities | 10/49 | €34,525 | €56,819 | +€22,294 | +64.6% |
| Equity | 10/15 | €23,216 | €32,544 | +€9,328 | +40.2% |
| Contributions | 10/11 | - | €5,000 | +€5,000 | |
| Reserves | 13 | - | €960 | +€960 | |
| Non-distributable reserves | 130/1 | - | €960 | +€960 | |
| Reserves not available under the articles | 1311 | - | €960 | +€960 | |
| Profit (loss) carried forward | 14 | €23,216 | €26,584 | +€3,368 | +14.5% |
| Amounts payable | 17/49 | €11,309 | €24,275 | +€12,966 | +115% |
| Amounts payable after more than one year | 17 | - | €19,880 | +€19,880 | |
| Financial debts | 170/4 | - | €19,880 | +€19,880 | |
| Amounts payable within one year | 42/48 | €11,309 | €4,395 | -€6,914 | -61.1% |
| Financial debts | 43 | - | €519 | +€519 | |
| Credit institutions | 430/8 | - | €519 | +€519 | |
| Trade debts | 44 | €5,885 | €1,220 | -€4,665 | -79.3% |
| Suppliers | 440/4 | €5,885 | €1,220 | -€4,665 | -79.3% |
| Taxes, remuneration and social security | 45 | €5,424 | €2,656 | -€2,768 | -51.0% |
| Taxes | 450/3 | €5,424 | €2,656 | -€2,768 | -51.0% |
| Turnover | 70 | €112,889 | €141,826 | +€28,937 | +25.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €122,743 | €135,827 | +€13,084 | +10.7% |
| Remuneration, social security and pensions | 62 | €891 | - | -€891 | |
| Other operating charges | 640/8 | €639 | €1,191 | +€552 | +86.4% |
| Gross operating margin | 9900 | €8,175 | €5,999 | -€2,176 | -26.6% |
| Operating profit (loss) | 9901 | €6,645 | €4,808 | -€1,837 | -27.6% |
| Financial charges | 65/66B | €95 | €317 | +€222 | +234% |
| Recurring financial charges | 65 | €95 | €317 | +€222 | +234% |
| Profit (loss) for the period before taxes | 9903 | €6,550 | €4,491 | -€2,059 | -31.4% |
| Income taxes | 67/77 | -€2,918 | €1,123 | +€4,041 | |
| Profit (loss) for the period | 9904 | €9,468 | €3,368 | -€6,100 | -64.4% |
| Transfer from tax-exempt reserves | 789 | €960 | - | -€960 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,428 | €3,368 | -€7,060 | -67.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.