NICOLAS MASSET CONSULTING: what changed
NICOLAS MASSET CONSULTING
Largest movements
- Cash -€45,913
down €45,913 (-54.5%), from €84,248 to €38,335
mainly Receivables within one year (-€36,929) and Other debts (-€35,062)
- Receivables within one year +€36,929
up €36,929 (+179%), from €20,670 to €57,599
of which Other amounts receivable: +€36,461
- Deferred charges and accrued income +€4,093
up €4,093 (+128%), from €3,196 to €7,289
- Other debts -€35,062
no longer reported in 2025 (was €35,062)
- Reserves +€30,681
up €30,681 (+89.0%), from €34,479 to €65,160
of which Distributable reserves: +€30,681
- Trade debts -€2,494
down €2,494 (-39.0%), from €6,399 to €3,905
- Accrued charges and deferred income +€1,546
up €1,546 (+2,752%), from €56 to €1,603
- Gross operating margin +€6,323
up €6,323 (+6.6%), from €95,948 to €102,271
- Other operating charges -€1,600
down €1,600 (-60.9%), from €2,626 to €1,026
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,906 | €106,121 | -€4,785 | -4.3% |
| Fixed assets | 21/28 | €2,792 | €2,898 | +€106 | +3.8% |
| Tangible fixed assets | 22/27 | €2,792 | €2,898 | +€106 | +3.8% |
| Plant, machinery and equipment | 23 | €2,167 | €1,662 | -€505 | -23.3% |
| Furniture and vehicles | 24 | €625 | €1,236 | +€611 | +97.7% |
| Current assets | 29/58 | €108,114 | €103,223 | -€4,891 | -4.5% |
| Amounts receivable within one year | 40/41 | €20,670 | €57,599 | +€36,929 | +179% |
| Trade receivables | 40 | €18,803 | €19,272 | +€468 | +2.5% |
| Other amounts receivable | 41 | €1,867 | €38,327 | +€36,461 | +1,953% |
| Cash at bank and in hand | 54/58 | €84,248 | €38,335 | -€45,913 | -54.5% |
| Deferred charges and accrued income | 490/1 | €3,196 | €7,289 | +€4,093 | +128% |
| Total equity and liabilities | 10/49 | €110,906 | €106,121 | -€4,785 | -4.3% |
| Equity | 10/15 | €53,079 | €84,063 | +€30,984 | +58.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,479 | €65,160 | +€30,681 | +89.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €32,619 | €63,300 | +€30,681 | +94.1% |
| Profit (loss) carried forward | 14 | - | €303 | +€303 | |
| Amounts payable | 17/49 | €57,827 | €22,058 | -€35,769 | -61.9% |
| Amounts payable within one year | 42/48 | €57,770 | €20,455 | -€37,315 | -64.6% |
| Trade debts | 44 | €6,399 | €3,905 | -€2,494 | -39.0% |
| Suppliers | 440/4 | €6,399 | €3,905 | -€2,494 | -39.0% |
| Taxes, remuneration and social security | 45 | €16,309 | €16,550 | +€241 | +1.5% |
| Taxes | 450/3 | €13,359 | €13,600 | +€241 | +1.8% |
| Remuneration and social security | 454/9 | €2,950 | €2,950 | = | 0.0% |
| Other amounts payable | 47/48 | €35,062 | - | -€35,062 | |
| Accrued charges and deferred income | 492/3 | €56 | €1,603 | +€1,546 | +2,752% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,127 | €1,240 | +€113 | +10.0% |
| Other operating charges | 640/8 | €2,626 | €1,026 | -€1,600 | -60.9% |
| Gross operating margin | 9900 | €95,948 | €102,271 | +€6,323 | +6.6% |
| Operating profit (loss) | 9901 | €92,195 | €100,005 | +€7,810 | +8.5% |
| Financial income | 75/76B | - | €287 | +€287 | |
| Recurring financial income | 75 | - | €287 | +€287 | |
| Financial charges | 65/66B | €60,638 | €61,139 | +€501 | +0.8% |
| Recurring financial charges | 65 | €60,638 | €61,139 | +€501 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €31,558 | €39,153 | +€7,596 | +24.1% |
| Income taxes | 67/77 | €8,838 | €8,170 | -€669 | -7.6% |
| Profit (loss) for the period | 9904 | €22,719 | €30,984 | +€8,265 | +36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,719 | €30,984 | +€8,265 | +36.4% |
Next steps
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 1 November 2026 via checked.be.