MASKIO: 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.
MASKIO
Largest movements
- Cash +€1.1m
up €1.1m (+111.7%), from €977,766 to €2.1m
mainly Net result for the year (+€1.0m) and Current investments (+€1.0m)
- Current investments -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
- Receivables within one year +€364,310
up €364,310 (+738.7%), from €49,316 to €413,626
of which Trade receivables: +€361,684
- Tangible fixed assets -€95,916
down €95,916 (-3.2%), from €3.0m to €2.9m
of which Land and buildings: -€85,077
- Reserves +€353,500
up €353,500 (+7.6%), from €4.7m to €5.0m
of which Distributable reserves: +€353,500
- Gross operating margin +€494,667
up €494,667 (+34.4%), from €1.4m to €1.9m
- Staff costs +€92,506
up €92,506 (+40.0%), from €231,293 to €323,798
- Taxes +€52,362
up €52,362 (+16.0%), from €326,573 to €378,935
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 | €4,997,299 | €5,358,776 | +€361,477 | +7.2% |
| Fixed assets | 21/28 | €2,961,281 | €2,865,365 | -€95,916 | -3.2% |
| Tangible fixed assets | 22/27 | €2,961,281 | €2,865,365 | -€95,916 | -3.2% |
| Land and buildings | 22 | €2,839,466 | €2,754,389 | -€85,077 | -3.0% |
| Plant, machinery and equipment | 23 | €46,144 | €40,380 | -€5,763 | -12.5% |
| Furniture and vehicles | 24 | €6,866 | €5,414 | -€1,452 | -21.1% |
| Other tangible fixed assets | 26 | €68,806 | €65,181 | -€3,624 | -5.3% |
| Current assets | 29/58 | €2,036,018 | €2,493,411 | +€457,393 | +22.5% |
| Stocks and contracts in progress | 3 | €6,609 | €5,150 | -€1,459 | -22.1% |
| Stocks | 30/36 | €6,609 | €5,150 | -€1,459 | -22.1% |
| Amounts receivable within one year | 40/41 | €49,316 | €413,626 | +€364,310 | +738.7% |
| Trade receivables | 40 | €15,716 | €377,400 | +€361,684 | +2301.4% |
| Other amounts receivable | 41 | €33,600 | €36,226 | +€2,626 | +7.8% |
| Current investments | 50/53 | €1,000,000 | €0 | -€1.0m | -100.0% |
| Cash at bank and in hand | 54/58 | €977,766 | €2,069,892 | +€1.1m | +111.7% |
| Deferred charges and accrued income | 490/1 | €2,327 | €4,744 | +€2,416 | +103.8% |
| Total equity and liabilities | 10/49 | €4,997,299 | €5,358,776 | +€361,477 | +7.2% |
| Equity | 10/15 | €4,699,664 | €5,053,679 | +€354,015 | +7.5% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €4,650,109 | €5,003,609 | +€353,500 | +7.6% |
| Tax-exempt reserves | 132 | €19,509 | €19,509 | = | 0.0% |
| Distributable reserves | 133 | €4,630,600 | €4,984,100 | +€353,500 | +7.6% |
| Profit (loss) carried forward | 14 | €18,555 | €19,069 | +€515 | +2.8% |
| Amounts payable | 17/49 | €297,636 | €305,098 | +€7,462 | +2.5% |
| Amounts payable after more than one year | 17 | €18,755 | €8,173 | -€10,582 | -56.4% |
| Financial debts | 170/4 | €18,755 | €8,173 | -€10,582 | -56.4% |
| Amounts payable within one year | 42/48 | €278,880 | €296,924 | +€18,044 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €10,232 | €10,582 | +€350 | +3.4% |
| Trade debts | 44 | €24,624 | €38,019 | +€13,394 | +54.4% |
| Suppliers | 440/4 | €24,624 | €38,019 | +€13,394 | +54.4% |
| Taxes, remuneration and social security | 45 | €243,884 | €248,184 | +€4,300 | +1.8% |
| Taxes | 450/3 | €209,996 | €208,702 | -€1,294 | -0.6% |
| Remuneration and social security | 454/9 | €33,888 | €39,482 | +€5,594 | +16.5% |
| Other amounts payable | 47/48 | €140 | €140 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €231,293 | €323,798 | +€92,506 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177,532 | €177,329 | -€203 | -0.1% |
| Other operating charges | 640/8 | €24,271 | €10,354 | -€13,917 | -57.3% |
| Gross operating margin | 9900 | €1,437,992 | €1,932,659 | +€494,667 | +34.4% |
| Operating profit (loss) | 9901 | €1,004,896 | €1,421,177 | +€416,281 | +41.4% |
| Financial income | 75/76B | €28,054 | €15,061 | -€12,993 | -46.3% |
| Recurring financial income | 75 | €28,054 | €15,061 | -€12,993 | -46.3% |
| Financial charges | 65/66B | €7,220 | €10,288 | +€3,069 | +42.5% |
| Recurring financial charges | 65 | €7,220 | €10,288 | +€3,069 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | €1,025,731 | €1,425,950 | +€400,219 | +39.0% |
| Income taxes | 67/77 | €326,573 | €378,935 | +€52,362 | +16.0% |
| Profit (loss) for the period | 9904 | €699,158 | €1,047,015 | +€347,857 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €699,158 | €1,047,015 | +€347,857 | +49.8% |
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 8 October 2026 via checked.be.