MASQUILLIER: 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.
MASQUILLIER
Largest movements
- Cash +€17,302
up €17,302 (+161%), from €10,745 to €28,047
mainly Net result for the year (+€41,781) and Tax, wage and social debts (+€2,550)
- Tangible fixed assets +€2,737
up €2,737 (+471%), from €582 to €3,319
- Receivables within one year +€1,172
up €1,172 (+4.6%), from €25,369 to €26,540
of which Other amounts receivable: +€5,712
- Profit (loss) carried forward +€41,781
up €41,781 (+900%), from €4,640 to €46,421
- Other debts -€20,600
no longer reported in 2025 (was €20,600)
- Tax, wage and social debts +€2,550
up €2,550 (+32.0%), from €7,972 to €10,522
of which Taxes: +€4,455
- Short-term financial debts -€2,500
no longer reported in 2025 (was €2,500)
- Gross operating margin +€23,983
up €23,983 (+71.7%), from €33,438 to €57,420
- Taxes +€8,463
up €8,463 (+124%), from €6,833 to €15,296
- Depreciation -€860
down €860 (-47.6%), from €1,807 to €947
- Financial income +€685
up €685 (+132%), from €521 to €1,206
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 | €36,695 | €57,906 | +€21,211 | +57.8% |
| Fixed assets | 21/28 | €582 | €3,319 | +€2,737 | +471% |
| Tangible fixed assets | 22/27 | €582 | €3,319 | +€2,737 | +471% |
| Furniture and vehicles | 24 | €582 | €3,319 | +€2,737 | +471% |
| Current assets | 29/58 | €36,114 | €54,588 | +€18,474 | +51.2% |
| Amounts receivable within one year | 40/41 | €25,369 | €26,540 | +€1,172 | +4.6% |
| Trade receivables | 40 | €9,449 | €4,908 | -€4,541 | -48.1% |
| Other amounts receivable | 41 | €15,920 | €21,632 | +€5,712 | +35.9% |
| Cash at bank and in hand | 54/58 | €10,745 | €28,047 | +€17,302 | +161% |
| Total equity and liabilities | 10/49 | €36,695 | €57,906 | +€21,211 | +57.8% |
| Equity | 10/15 | €4,740 | €46,521 | +€41,781 | +881% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,640 | €46,421 | +€41,781 | +900% |
| Amounts payable | 17/49 | €31,955 | €11,385 | -€20,570 | -64.4% |
| Amounts payable within one year | 42/48 | €31,955 | €11,385 | -€20,570 | -64.4% |
| Financial debts | 43 | €2,500 | - | -€2,500 | |
| Credit institutions | 430/8 | €2,500 | - | -€2,500 | |
| Trade debts | 44 | €883 | €864 | -€20 | -2.2% |
| Suppliers | 440/4 | €883 | €864 | -€20 | -2.2% |
| Taxes, remuneration and social security | 45 | €7,972 | €10,522 | +€2,550 | +32.0% |
| Taxes | 450/3 | €6,067 | €10,522 | +€4,455 | +73.4% |
| Remuneration and social security | 454/9 | €1,905 | - | -€1,905 | |
| Other amounts payable | 47/48 | €20,600 | - | -€20,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,807 | €947 | -€860 | -47.6% |
| Other operating charges | 640/8 | €862 | €483 | -€379 | -43.9% |
| Gross operating margin | 9900 | €33,438 | €57,420 | +€23,983 | +71.7% |
| Operating profit (loss) | 9901 | €30,768 | €55,990 | +€25,222 | +82.0% |
| Financial income | 75/76B | €521 | €1,206 | +€685 | +132% |
| Recurring financial income | 75 | €521 | €1,206 | +€685 | +132% |
| Financial charges | 65/66B | €250 | €119 | -€131 | -52.5% |
| Recurring financial charges | 65 | €250 | €119 | -€131 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €31,039 | €57,077 | +€26,038 | +83.9% |
| Income taxes | 67/77 | €6,833 | €15,296 | +€8,463 | +124% |
| Profit (loss) for the period | 9904 | €24,206 | €41,781 | +€17,576 | +72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,206 | €41,781 | +€17,576 | +72.6% |
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 21 October 2026 via checked.be.