MASO INVEST: what changed
What changed
MASO INVEST
NACE 56.210, Event catering
filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €34,166+€1.1m
Equity
€7.3m
2024 · €6.4m+€934,790
Cash
€100,926
2024 · €10,966+€89,960
Balance sheet total
€7.5m
2024 · €6.5m+€952,203
Largest movements
Assets
- Current investments +€790,424
new in 2025: €790,424
- Receivables within one year +€144,772
up €144,772 (+4.3%), from €3.3m to €3.5m
of which Trade receivables: +€108,710
- Cash +€89,960
up €89,960 (+820%), from €10,966 to €100,926
mainly Net result for the year (+€1.1m) and Deferred charges and accrued income (+€64,987)
Equity and liabilities
- Reserves +€878,246
up €878,246 (+19.9%), from €4.4m to €5.3m
Income statement
- Financial income +€1.1m
up €1.1m (+3,445%), from €33,213 to €1.2m
- Turnover -€315,279
no longer reported in 2025 (was €315,279)
- Services and other goods -€167,200
no longer reported in 2025 (was €167,200)
- Gross operating margin +€76,937
new in 2025: €76,937
- Staff costs -€36,833
down €36,833 (-28.6%), from €128,613 to €91,780
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.
Result 2024
€34,166
Turnover
-€315,279
Other operating income
-€49
Goods and materials
+€7,700
Services and other goods
+€167,200
Staff costs
+€36,833
Other operating charges
-€537
Other operating items
+€76,937
Financial income
+€1.1m
Financial charges
-€16,292
Result 2025
€1.1m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.1m
Investment
-€790,424
Financing
-€208,256
Cash 2024
€10,966
From operations (derived)
+€1.1m
Net result for the year
+€1.1m
Depreciation
+€7,967
Receivables within one year
-€144,772
Deferred charges and accrued income
+€64,987
Trade debts
-€8,881
Tax, wage and social debts
+€22,576
Other debts
+€13,576
Accrued charges and deferred income
-€1,602
Investment (derived)
-€790,424
Current investments
-€790,424
Financing
-€208,256
Debts after one year
-€2,128
Current portion of long-term debt
-€6,129
Contributions, distributions and other
-€200,000
Cash 2025
€100,926
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,520,899 | €7,473,102 | +€952,203 | +14.6% |
| Fixed assets | 21/28 | €3,097,841 | €3,089,874 | -€7,967 | -0.3% |
| Tangible fixed assets | 22/27 | €9,451 | €1,484 | -€7,967 | -84.3% |
| Furniture and vehicles | 24 | €9,451 | €1,484 | -€7,967 | -84.3% |
| Financial fixed assets | 28 | €3,088,390 | €3,088,390 | = | 0.0% |
| Affiliated companies | 280/1 | €3,088,390 | - | -€3.1m | |
| Participating interests | 280 | €3,088,390 | - | -€3.1m | |
| Current assets | 29/58 | €3,423,059 | €4,383,228 | +€960,169 | +28.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €3,346,754 | €3,491,526 | +€144,772 | +4.3% |
| Trade receivables | 40 | €23,321 | €132,031 | +€108,710 | +466% |
| Other amounts receivable | 41 | €3,323,433 | €3,359,495 | +€36,062 | +1.1% |
| Current investments | 50/53 | - | €790,424 | +€790,424 | |
| Cash at bank and in hand | 54/58 | €10,966 | €100,926 | +€89,960 | +820% |
| Deferred charges and accrued income | 490/1 | €65,338 | €352 | -€64,987 | -99.5% |
| Total equity and liabilities | 10/49 | €6,520,899 | €7,473,102 | +€952,203 | +14.6% |
| Equity | 10/15 | €6,392,691 | €7,327,480 | +€934,790 | +14.6% |
| Contributions | 10/11 | €2,026,015 | €2,026,015 | = | 0.0% |
| Reserves | 13 | €4,423,219 | €5,301,465 | +€878,246 | +19.9% |
| Distributable reserves | 133 | €4,423,219 | €5,301,465 | +€878,246 | +19.9% |
| Profit (loss) carried forward | 14 | -€56,544 | €0 | +€56,544 | |
| Amounts payable | 17/49 | €128,209 | €145,622 | +€17,413 | +13.6% |
| Amounts payable after more than one year | 17 | €2,128 | €0 | -€2,128 | -100% |
| Financial debts | 170/4 | €2,128 | €0 | -€2,128 | -100% |
| Credit institutions | 173 | €2,128 | - | -€2,128 | |
| Amounts payable within one year | 42/48 | €124,479 | €145,622 | +€21,142 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €8,256 | €2,128 | -€6,129 | -74.2% |
| Trade debts | 44 | €9,974 | €1,093 | -€8,881 | -89.0% |
| Suppliers | 440/4 | €9,974 | €1,093 | -€8,881 | -89.0% |
| Taxes, remuneration and social security | 45 | €29,944 | €52,520 | +€22,576 | +75.4% |
| Taxes | 450/3 | €14,195 | €35,286 | +€21,091 | +149% |
| Remuneration and social security | 454/9 | €15,750 | €17,234 | +€1,485 | +9.4% |
| Other amounts payable | 47/48 | €76,304 | €89,881 | +€13,576 | +17.8% |
| Accrued charges and deferred income | 492/3 | €1,602 | €0 | -€1,602 | -100% |
| Operating income | 70/76A | €315,328 | - | -€315,328 | |
| Turnover | 70 | €315,279 | - | -€315,279 | |
| Other operating income | 74 | €49 | - | -€49 | |
| Operating charges | 60/66A | €312,989 | - | -€312,989 | |
| Goods for resale, raw materials and consumables | 60 | €7,700 | - | -€7,700 | |
| Purchases | 600/8 | €7,700 | - | -€7,700 | |
| Services and other goods | 61 | €167,200 | - | -€167,200 | |
| Remuneration, social security and pensions | 62 | €128,613 | €91,780 | -€36,833 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,967 | €7,967 | = | 0.0% |
| Other operating charges | 640/8 | €1,510 | €2,047 | +€537 | +35.6% |
| Gross operating margin | 9900 | - | €76,937 | +€76,937 | |
| Operating profit (loss) | 9901 | €2,339 | -€24,856 | -€27,194 | |
| Financial income | 75/76B | €33,213 | €1,177,323 | +€1.1m | +3,445% |
| Recurring financial income | 75 | €33,213 | €1,177,323 | +€1.1m | +3,445% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €33,213 | - | -€33,213 | |
| Financial charges | 65/66B | €1,386 | €17,678 | +€16,292 | +1,176% |
| Recurring financial charges | 65 | €1,386 | €17,678 | +€16,292 | +1,176% |
| Debt charges | 650 | €736 | - | -€736 | |
| Other financial charges | 652/9 | €650 | - | -€650 | |
| Profit (loss) for the period before taxes | 9903 | €34,166 | €1,134,790 | +€1.1m | +3,221% |
| Profit (loss) for the period | 9904 | €34,166 | €1,134,790 | +€1.1m | +3,221% |
| Profit (loss) for the period to be appropriated | 9905 | €34,166 | €1,134,790 | +€1.1m | +3,221% |
Next steps
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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 5 November 2026 via checked.be.