MASURE: what changed
What changed
MASURE
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€521
2024 · -€191,246+€191,768
Equity
€231,354
2024 · €230,832+€521
Cash
€50,340
2024 · €61,567-€11,227
Balance sheet total
€700,401
2024 · €792,815-€92,414
Largest movements
Assets
- Tangible fixed assets -€65,282
down €65,282 (-30.9%), from €211,025 to €145,744
of which Plant, machinery and equipment: -€48,843
- Receivables after one year -€35,111
down €35,111 (-19.0%), from €184,664 to €149,552
- Cash -€11,227
down €11,227 (-18.2%), from €61,567 to €50,340
mainly Advances received (-€31,494) and Trade debts (-€27,145)
- Receivables within one year +€10,822
up €10,822 (+5.5%), from €198,252 to €209,073
of which Trade receivables: +€13,772
Equity and liabilities
- Advances received -€31,494
down €31,494 (-23.0%), from €136,678 to €105,184
- Trade debts -€27,145
down €27,145 (-18.5%), from €146,669 to €119,524
- Accrued charges and deferred income -€20,876
down €20,876 (-46.2%), from €45,163 to €24,287
- Current portion of long-term debt -€11,654
down €11,654 (-59.4%), from €19,614 to €7,960
- Debts after one year -€7,960
down €7,960 (-4.1%), from €196,025 to €188,065
Income statement
- Gross operating margin +€225,468
up €225,468 (+59.5%), from €378,725 to €604,193
- Staff costs +€35,587
up €35,587 (+7.3%), from €487,369 to €522,956
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
-€191,246
Gross operating margin
+€225,468
Staff costs
-€35,587
Depreciation
+€3,917
Other operating charges
+€682
Other operating items
-€2,397
Financial income
+€1,023
Financial charges
-€1,383
Taxes
+€44
Result 2025
€521
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
+€13,439
Investment
-€5,052
Financing
-€19,614
Cash 2024
€61,567
From operations (derived)
+€13,439
Net result for the year
+€521
Depreciation
+€73,618
Receivables after one year
+€35,111
Stocks and contracts
-€7,779
Receivables within one year
-€10,822
Deferred charges and accrued income
-€3,890
Trade debts
-€27,145
Tax, wage and social debts
+€5,227
Advances received
-€31,494
Other debts
+€966
Accrued charges and deferred income
-€20,876
Investment (derived)
-€5,052
Investment in fixed assets (net)
-€5,052
Financing
-€19,614
Debts after one year
-€7,960
Current portion of long-term debt
-€11,654
Cash 2025
€50,340
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €792,815 | €700,401 | -€92,414 | -11.7% |
| Fixed assets | 21/28 | €221,185 | €152,619 | -€68,566 | -31.0% |
| Intangible fixed assets | 21 | €4,642 | €1,358 | -€3,284 | -70.8% |
| Tangible fixed assets | 22/27 | €211,025 | €145,744 | -€65,282 | -30.9% |
| Plant, machinery and equipment | 23 | €148,719 | €99,876 | -€48,843 | -32.8% |
| Furniture and vehicles | 24 | €62,306 | €45,867 | -€16,439 | -26.4% |
| Financial fixed assets | 28 | €5,518 | €5,518 | = | 0.0% |
| Current assets | 29/58 | €571,630 | €547,782 | -€23,848 | -4.2% |
| Amounts receivable after more than one year | 29 | €184,664 | €149,552 | -€35,111 | -19.0% |
| Other amounts receivable | 291 | €184,664 | €149,552 | -€35,111 | -19.0% |
| Stocks and contracts in progress | 3 | €112,650 | €120,429 | +€7,779 | +6.9% |
| Stocks | 30/36 | €100,528 | €99,729 | -€799 | -0.8% |
| Contracts in progress | 37 | €12,122 | €20,700 | +€8,578 | +70.8% |
| Amounts receivable within one year | 40/41 | €198,252 | €209,073 | +€10,822 | +5.5% |
| Trade receivables | 40 | €142,511 | €156,283 | +€13,772 | +9.7% |
| Other amounts receivable | 41 | €55,741 | €52,791 | -€2,950 | -5.3% |
| Cash at bank and in hand | 54/58 | €61,567 | €50,340 | -€11,227 | -18.2% |
| Deferred charges and accrued income | 490/1 | €14,498 | €18,388 | +€3,890 | +26.8% |
| Total equity and liabilities | 10/49 | €792,815 | €700,401 | -€92,414 | -11.7% |
| Equity | 10/15 | €230,832 | €231,354 | +€521 | +0.2% |
| Contributions | 10/11 | €638,000 | €638,000 | = | 0.0% |
| Capital | 10 | €638,000 | €638,000 | = | 0.0% |
| Issued capital | 100 | €638,000 | €638,000 | = | 0.0% |
| Reserves | 13 | €86,500 | €86,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,000 | €14,000 | = | 0.0% |
| Legal reserve | 130 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €72,500 | €72,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€493,668 | -€493,146 | +€521 | +0.1% |
| Amounts payable | 17/49 | €561,983 | €469,047 | -€92,935 | -16.5% |
| Amounts payable after more than one year | 17 | €196,025 | €188,065 | -€7,960 | -4.1% |
| Financial debts | 170/4 | €196,025 | €188,065 | -€7,960 | -4.1% |
| Amounts payable within one year | 42/48 | €320,794 | €256,695 | -€64,099 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €19,614 | €7,960 | -€11,654 | -59.4% |
| Trade debts | 44 | €146,669 | €119,524 | -€27,145 | -18.5% |
| Suppliers | 440/4 | €146,669 | €119,524 | -€27,145 | -18.5% |
| Advances received on contracts in progress | 46 | €136,678 | €105,184 | -€31,494 | -23.0% |
| Taxes, remuneration and social security | 45 | €17,035 | €22,262 | +€5,227 | +30.7% |
| Taxes | 450/3 | €864 | €2,723 | +€1,859 | +215% |
| Remuneration and social security | 454/9 | €16,171 | €19,539 | +€3,368 | +20.8% |
| Other amounts payable | 47/48 | €799 | €1,765 | +€966 | +121% |
| Accrued charges and deferred income | 492/3 | €45,163 | €24,287 | -€20,876 | -46.2% |
| Non-recurring operating income | 76A | €1,130 | €11,705 | +€10,575 | +936% |
| Remuneration, social security and pensions | 62 | €487,369 | €522,956 | +€35,587 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,535 | €73,618 | -€3,917 | -5.1% |
| Other operating charges | 640/8 | €5,764 | €5,082 | -€682 | -11.8% |
| Non-recurring operating charges | 66A | €316 | €2,713 | +€2,397 | +759% |
| Gross operating margin | 9900 | €378,725 | €604,193 | +€225,468 | +59.5% |
| Operating profit (loss) | 9901 | -€192,259 | -€175 | +€192,083 | +99.9% |
| Financial income | 75/76B | €5,266 | €6,289 | +€1,023 | +19.4% |
| Recurring financial income | 75 | €5,266 | €6,289 | +€1,023 | +19.4% |
| Financial charges | 65/66B | €3,326 | €4,709 | +€1,383 | +41.6% |
| Recurring financial charges | 65 | €3,326 | €4,709 | +€1,383 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | -€190,319 | €1,404 | +€191,723 | |
| Income taxes | 67/77 | €927 | €883 | -€44 | -4.8% |
| Profit (loss) for the period | 9904 | -€191,246 | €521 | +€191,768 | |
| Profit (loss) for the period to be appropriated | 9905 | -€191,246 | €521 | +€191,768 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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.