Masure 14: 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.
Masure 14
Largest movements
- Cash +€49,271
up €49,271 (+34.7%), from €141,843 to €191,114
mainly Tax, wage and social debts (+€16,700) and Accrued charges and deferred income (+€10,532)
- Receivables within one year -€3,428
down €3,428 (-28.5%), from €12,017 to €8,590
of which Other amounts receivable: -€4,020
- Tax, wage and social debts +€16,700
up €16,700 (+40.4%), from €41,293 to €57,993
of which Remuneration and social security: +€13,748
- Accrued charges and deferred income +€10,532
up €10,532 (+40.0%), from €26,346 to €36,878
- Provisions +€6,851
up €6,851 (+332%), from €2,063 to €8,914
- Reserves +€5,277
up €5,277 (+11.5%), from €45,832 to €51,109
- Profit (loss) carried forward +€5,144
up €5,144 (+3.5%), from €146,429 to €151,573
- Gross operating margin +€25,322
up €25,322 (+6.6%), from €384,539 to €409,861
- Staff costs +€9,404
up €9,404 (+2.4%), from €384,630 to €394,034
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 | €266,637 | €309,927 | +€43,291 | +16.2% |
| Fixed assets | 21/28 | €3,130 | €1,919 | -€1,211 | -38.7% |
| Tangible fixed assets | 22/27 | €3,130 | €1,919 | -€1,211 | -38.7% |
| Land and buildings | 22 | €3,130 | €1,919 | -€1,211 | -38.7% |
| Current assets | 29/58 | €263,507 | €308,009 | +€44,502 | +16.9% |
| Stocks and contracts in progress | 3 | €1,932 | €1,786 | -€146 | -7.5% |
| Stocks | 30/36 | €1,932 | €1,786 | -€146 | -7.5% |
| Amounts receivable within one year | 40/41 | €12,017 | €8,590 | -€3,428 | -28.5% |
| Trade receivables | 40 | €5,408 | €6,000 | +€592 | +10.9% |
| Other amounts receivable | 41 | €6,610 | €2,590 | -€4,020 | -60.8% |
| Current investments | 50/53 | €100,000 | €99,965 | -€35 | 0.0% |
| Cash at bank and in hand | 54/58 | €141,843 | €191,114 | +€49,271 | +34.7% |
| Deferred charges and accrued income | 490/1 | €7,715 | €6,554 | -€1,161 | -15.1% |
| Total equity and liabilities | 10/49 | €266,637 | €309,927 | +€43,291 | +16.2% |
| Equity | 10/15 | €193,260 | €203,181 | +€9,921 | +5.1% |
| Reserves | 13 | €45,832 | €51,109 | +€5,277 | +11.5% |
| Profit (loss) carried forward | 14 | €146,429 | €151,573 | +€5,144 | +3.5% |
| Investment grants | 15 | €999 | €500 | -€500 | -50.0% |
| Provisions and deferred taxes | 16 | €2,063 | €8,914 | +€6,851 | +332% |
| Provisions for liabilities and charges | 160/5 | €2,063 | €8,914 | +€6,851 | +332% |
| Other liabilities and charges | 164/5 | €2,063 | €8,914 | +€6,851 | +332% |
| Amounts payable | 17/49 | €71,314 | €97,832 | +€26,518 | +37.2% |
| Amounts payable within one year | 42/48 | €44,968 | €60,954 | +€15,986 | +35.6% |
| Trade debts | 44 | €3,675 | €2,961 | -€714 | -19.4% |
| Suppliers | 440/4 | €3,675 | €2,961 | -€714 | -19.4% |
| Taxes, remuneration and social security | 45 | €41,293 | €57,993 | +€16,700 | +40.4% |
| Taxes | 450/3 | - | €2,952 | +€2,952 | |
| Remuneration and social security | 454/9 | €41,293 | €55,041 | +€13,748 | +33.3% |
| Accrued charges and deferred income | 492/3 | €26,346 | €36,878 | +€10,532 | +40.0% |
| Remuneration, social security and pensions | 62 | €384,630 | €394,034 | +€9,404 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,211 | €1,211 | = | 0.0% |
| Other operating charges | 640/8 | - | €209 | +€209 | |
| Non-recurring operating charges | 66A | €2,861 | €33 | -€2,828 | -98.8% |
| Gross operating margin | 9900 | €384,539 | €409,861 | +€25,322 | +6.6% |
| Operating profit (loss) | 9901 | -€4,164 | €7,523 | +€11,687 | |
| Financial income | 75/76B | €3,625 | €4,227 | +€601 | +16.6% |
| Recurring financial income | 75 | €3,625 | €4,227 | +€601 | +16.6% |
| Financial charges | 65/66B | €106 | €211 | +€106 | +100.0% |
| Recurring financial charges | 65 | €106 | €211 | +€106 | +100.0% |
| Profit (loss) for the period before taxes | 9903 | -€644 | €11,539 | +€12,183 | |
| Income taxes | 67/77 | €413 | €1,118 | +€705 | +171% |
| Profit (loss) for the period | 9904 | -€1,057 | €10,421 | +€11,478 | |
| Transfer to tax-exempt reserves | 689 | - | €5,277 | +€5,277 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,057 | €5,144 | +€6,200 |
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 24 October 2026 via checked.be.