Maskkot: 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.
Maskkot
Largest movements
- Stocks and contracts -€1.7m
down €1.7m (-18.0%), from €9.7m to €7.9m
- Receivables within one year +€848,723
up €848,723 (+1,243%), from €68,284 to €917,006
of which Other amounts receivable: +€892,807
- Cash +€270,122
up €270,122 (+467%), from €57,837 to €327,958
mainly Stocks and contracts (+€1.7m) and Net result for the year (+€551,599)
- Tangible fixed assets +€251,871
up €251,871 (+48.9%), from €514,901 to €766,772
of which Land and buildings: +€245,315
- Current portion of long-term debt -€704,175
down €704,175 (-56.6%), from €1.2m to €540,274
- Debts after one year -€318,671
down €318,671 (-4.2%), from €7.7m to €7.3m
of which Other amounts payable: -€320,000
- Reserves +€316,305
up €316,305 (+35.1%), from €901,454 to €1.2m
- Other debts +€183,983
up €183,983 (+506%), from €36,336 to €220,318
- Tax, wage and social debts +€137,410
up €137,410 (+51.0%), from €269,382 to €406,792
- Gross operating margin +€604,572
up €604,572 (+80.6%), from €749,919 to €1.4m
- Financial charges +€303,693
up €303,693 (+141%), from €215,915 to €519,609
- Taxes +€65,140
up €65,140 (+50.6%), from €128,641 to €193,781
- Other operating charges +€38,755
up €38,755 (+436%), from €8,880 to €47,635
- Depreciation +€17,135
up €17,135 (+66.7%), from €25,673 to €42,808
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 | €10,355,894 | €9,991,592 | -€364,302 | -3.5% |
| Fixed assets | 21/28 | €514,901 | €766,772 | +€251,871 | +48.9% |
| Tangible fixed assets | 22/27 | €514,901 | €766,772 | +€251,871 | +48.9% |
| Land and buildings | 22 | €410,720 | €656,035 | +€245,315 | +59.7% |
| Plant, machinery and equipment | 23 | €1,912 | €20,779 | +€18,867 | +987% |
| Furniture and vehicles | 24 | €102,269 | €89,959 | -€12,310 | -12.0% |
| Current assets | 29/58 | €9,840,993 | €9,224,820 | -€616,173 | -6.3% |
| Stocks and contracts in progress | 3 | €9,693,484 | €7,948,966 | -€1.7m | -18.0% |
| Stocks | 30/36 | €9,693,484 | €7,948,966 | -€1.7m | -18.0% |
| Amounts receivable within one year | 40/41 | €68,284 | €917,006 | +€848,723 | +1,243% |
| Trade receivables | 40 | €68,283 | €24,199 | -€44,085 | -64.6% |
| Other amounts receivable | 41 | €0 | €892,808 | +€892,807 | +207,629,619% |
| Cash at bank and in hand | 54/58 | €57,837 | €327,958 | +€270,122 | +467% |
| Deferred charges and accrued income | 490/1 | €21,389 | €30,890 | +€9,501 | +44.4% |
| Total equity and liabilities | 10/49 | €10,355,894 | €9,991,592 | -€364,302 | -3.5% |
| Equity | 10/15 | €902,454 | €1,218,759 | +€316,305 | +35.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €901,454 | €1,217,759 | +€316,305 | +35.1% |
| Distributable reserves | 133 | €901,454 | €1,217,759 | +€316,305 | +35.1% |
| Amounts payable | 17/49 | €9,453,441 | €8,772,833 | -€680,607 | -7.2% |
| Amounts payable after more than one year | 17 | €7,657,649 | €7,338,978 | -€318,671 | -4.2% |
| Financial debts | 170/4 | €7,087,649 | €7,088,978 | +€1,329 | 0.0% |
| Other amounts payable | 178/9 | €570,000 | €250,000 | -€320,000 | -56.1% |
| Amounts payable within one year | 42/48 | €1,789,692 | €1,428,256 | -€361,437 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €1,244,449 | €540,274 | -€704,175 | -56.6% |
| Financial debts | 43 | €663 | €5,107 | +€4,444 | +670% |
| Credit institutions | 430/8 | €663 | €5,107 | +€4,444 | +670% |
| Trade debts | 44 | €238,863 | €255,764 | +€16,902 | +7.1% |
| Suppliers | 440/4 | €238,863 | €255,764 | +€16,902 | +7.1% |
| Taxes, remuneration and social security | 45 | €269,382 | €406,792 | +€137,410 | +51.0% |
| Taxes | 450/3 | €269,382 | €406,792 | +€137,410 | +51.0% |
| Other amounts payable | 47/48 | €36,336 | €220,318 | +€183,983 | +506% |
| Accrued charges and deferred income | 492/3 | €6,099 | €5,600 | -€499 | -8.2% |
| Non-recurring operating income | 76A | €25,973 | €19,700 | -€6,273 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,673 | €42,808 | +€17,135 | +66.7% |
| Other operating charges | 640/8 | €8,880 | €47,635 | +€38,755 | +436% |
| Gross operating margin | 9900 | €749,919 | €1,354,491 | +€604,572 | +80.6% |
| Operating profit (loss) | 9901 | €715,365 | €1,264,047 | +€548,682 | +76.7% |
| Financial income | 75/76B | €170 | €942 | +€772 | +454% |
| Recurring financial income | 75 | €170 | €942 | +€772 | +454% |
| Financial charges | 65/66B | €215,915 | €519,609 | +€303,693 | +141% |
| Recurring financial charges | 65 | €215,915 | €519,609 | +€303,693 | +141% |
| Profit (loss) for the period before taxes | 9903 | €499,620 | €745,380 | +€245,760 | +49.2% |
| Income taxes | 67/77 | €128,641 | €193,781 | +€65,140 | +50.6% |
| Profit (loss) for the period | 9904 | €370,979 | €551,599 | +€180,621 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €370,979 | €551,599 | +€180,621 | +48.7% |
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 13 October 2026 via checked.be.