Pim Maas: 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.
Pim Maas
Largest movements
- Cash +€12,989
up €12,989 (+341%), from €3,810 to €16,799
mainly Net result for the year (+€10,302) and Receivables within one year (+€3,630)
- Receivables within one year -€3,630
down €3,630 (-33.3%), from €10,916 to €7,286
of which Other amounts receivable: -€7,553
- Deferred charges and accrued income +€644
up €644 (+162%), from €399 to €1,043
- Reserves +€11,251
new in 2025: €11,251
- Current portion of long-term debt -€2,352
no longer reported in 2025 (was €2,352)
- Tax, wage and social debts +€1,426
up €1,426 (+25.9%), from €5,501 to €6,927
of which Taxes: +€2,170
- Profit (loss) carried forward -€949
no longer reported in 2025 (was €949)
- Trade debts +€368
up €368 (+7.3%), from €5,081 to €5,450
- Gross operating margin +€8,312
up €8,312 (+105%), from €7,939 to €16,251
- Write-downs +€2,300
new in 2025: €2,300
- Taxes +€1,945
up €1,945 (+223%), from €871 to €2,816
- Financial income +€598
up €598 (+29,168%), from €2 to €600
- Other operating charges +€495
up €495 (+81.7%), from €606 to €1,101
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 | €17,384 | €27,128 | +€9,744 | +56.1% |
| Current assets | 29/58 | €17,384 | €27,128 | +€9,744 | +56.1% |
| Stocks and contracts in progress | 3 | €2,259 | €2,000 | -€259 | -11.5% |
| Stocks | 30/36 | €2,259 | €2,000 | -€259 | -11.5% |
| Amounts receivable within one year | 40/41 | €10,916 | €7,286 | -€3,630 | -33.3% |
| Trade receivables | 40 | €3,349 | €7,272 | +€3,923 | +117% |
| Other amounts receivable | 41 | €7,567 | €14 | -€7,553 | -99.8% |
| Cash at bank and in hand | 54/58 | €3,810 | €16,799 | +€12,989 | +341% |
| Deferred charges and accrued income | 490/1 | €399 | €1,043 | +€644 | +162% |
| Total equity and liabilities | 10/49 | €17,384 | €27,128 | +€9,744 | +56.1% |
| Equity | 10/15 | €4,449 | €14,751 | +€10,302 | +232% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | - | €11,251 | +€11,251 | |
| Distributable reserves | 133 | - | €11,251 | +€11,251 | |
| Profit (loss) carried forward | 14 | €949 | - | -€949 | |
| Amounts payable | 17/49 | €12,935 | €12,377 | -€558 | -4.3% |
| Amounts payable within one year | 42/48 | €12,935 | €12,377 | -€558 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €2,352 | - | -€2,352 | |
| Trade debts | 44 | €5,081 | €5,450 | +€368 | +7.3% |
| Suppliers | 440/4 | €5,081 | €5,450 | +€368 | +7.3% |
| Taxes, remuneration and social security | 45 | €5,501 | €6,927 | +€1,426 | +25.9% |
| Taxes | 450/3 | €4,757 | €6,927 | +€2,170 | +45.6% |
| Remuneration and social security | 454/9 | €744 | - | -€744 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,300 | +€2,300 | |
| Other operating charges | 640/8 | €606 | €1,101 | +€495 | +81.7% |
| Gross operating margin | 9900 | €7,939 | €16,251 | +€8,312 | +105% |
| Operating profit (loss) | 9901 | €7,333 | €12,849 | +€5,516 | +75.2% |
| Financial income | 75/76B | €2 | €600 | +€598 | +29,168% |
| Recurring financial income | 75 | €2 | €600 | +€598 | +29,168% |
| Financial charges | 65/66B | €247 | €331 | +€84 | +34.0% |
| Recurring financial charges | 65 | €247 | €331 | +€84 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €7,088 | €13,118 | +€6,030 | +85.1% |
| Income taxes | 67/77 | €871 | €2,816 | +€1,945 | +223% |
| Profit (loss) for the period | 9904 | €6,217 | €10,302 | +€4,085 | +65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,217 | €10,302 | +€4,085 | +65.7% |
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 30 October 2026 via checked.be.