SA MASCHA AG: 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.
SA MASCHA AG
Largest movements
- Cash +€227,376
up €227,376 (+15.1%), from €1.5m to €1.7m
mainly Net result for the year (+€372,291) and Receivables within one year (+€92,188)
- Receivables after one year +€160,031
up €160,031 (+6.8%), from €2.4m to €2.5m
- Receivables within one year -€92,188
down €92,188 (-23.8%), from €388,152 to €295,964
of which Other amounts receivable: -€84,079
- Profit (loss) carried forward +€263,791
up €263,791 (+7.1%), from €3.7m to €4.0m
- Trade debts -€139,917
down €139,917 (-37.8%), from €370,484 to €230,567
- Reserves +€108,500
up €108,500 (+18.4%), from €589,500 to €698,000
of which Tax-exempt reserves: +€108,500
- Gross operating margin +€296,395
up €296,395 (+93.7%), from €316,188 to €612,583
- Taxes +€68,123
up €68,123 (+100%), from €67,948 to €136,071
- Financial charges +€42,002
up €42,002, from -€4,128 to €37,874
- Financial income -€22,251
down €22,251 (-25.0%), from €89,135 to €66,884
- Depreciation -€11,175
down €11,175 (-28.7%), from €38,882 to €27,707
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 | €5,379,383 | €5,637,410 | +€258,026 | +4.8% |
| Fixed assets | 21/28 | €887,932 | €861,557 | -€26,375 | -3.0% |
| Tangible fixed assets | 22/27 | €887,932 | €861,557 | -€26,375 | -3.0% |
| Land and buildings | 22 | €810,143 | €809,383 | -€759 | -0.1% |
| Plant, machinery and equipment | 23 | €28,504 | €23,612 | -€4,892 | -17.2% |
| Furniture and vehicles | 24 | €47,405 | €26,682 | -€20,723 | -43.7% |
| Other tangible fixed assets | 26 | €1,880 | €1,880 | = | 0.0% |
| Current assets | 29/58 | €4,491,452 | €4,775,853 | +€284,401 | +6.3% |
| Amounts receivable after more than one year | 29 | €2,353,017 | €2,513,047 | +€160,031 | +6.8% |
| Other amounts receivable | 291 | €2,353,017 | €2,513,047 | +€160,031 | +6.8% |
| Stocks and contracts in progress | 3 | €227,417 | €213,903 | -€13,514 | -5.9% |
| Stocks | 30/36 | €227,417 | €213,903 | -€13,514 | -5.9% |
| Amounts receivable within one year | 40/41 | €388,152 | €295,964 | -€92,188 | -23.8% |
| Trade receivables | 40 | €296,096 | €287,987 | -€8,109 | -2.7% |
| Other amounts receivable | 41 | €92,056 | €7,977 | -€84,079 | -91.3% |
| Cash at bank and in hand | 54/58 | €1,509,633 | €1,737,009 | +€227,376 | +15.1% |
| Deferred charges and accrued income | 490/1 | €13,233 | €15,930 | +€2,697 | +20.4% |
| Total equity and liabilities | 10/49 | €5,379,383 | €5,637,410 | +€258,026 | +4.8% |
| Equity | 10/15 | €4,470,631 | €4,842,922 | +€372,291 | +8.3% |
| Contributions | 10/11 | €190,000 | €190,000 | = | 0.0% |
| Capital | 10 | €190,000 | €190,000 | = | 0.0% |
| Issued capital | 100 | €190,000 | €190,000 | = | 0.0% |
| Reserves | 13 | €589,500 | €698,000 | +€108,500 | +18.4% |
| Non-distributable reserves | 130/1 | €19,000 | €19,000 | = | 0.0% |
| Legal reserve | 130 | €19,000 | €19,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €210,500 | €319,000 | +€108,500 | +51.5% |
| Distributable reserves | 133 | €360,000 | €360,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,691,131 | €3,954,922 | +€263,791 | +7.1% |
| Amounts payable | 17/49 | €908,752 | €794,488 | -€114,265 | -12.6% |
| Amounts payable within one year | 42/48 | €900,255 | €785,488 | -€114,767 | -12.7% |
| Trade debts | 44 | €370,484 | €230,567 | -€139,917 | -37.8% |
| Suppliers | 440/4 | €370,484 | €230,567 | -€139,917 | -37.8% |
| Taxes, remuneration and social security | 45 | €42,303 | €15,419 | -€26,884 | -63.6% |
| Taxes | 450/3 | €32,627 | €5,349 | -€27,278 | -83.6% |
| Remuneration and social security | 454/9 | €9,676 | €10,070 | +€394 | +4.1% |
| Other amounts payable | 47/48 | €487,467 | €539,502 | +€52,034 | +10.7% |
| Accrued charges and deferred income | 492/3 | €8,498 | €9,000 | +€502 | +5.9% |
| Remuneration, social security and pensions | 62 | €78,820 | €71,859 | -€6,961 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,882 | €27,707 | -€11,175 | -28.7% |
| Other operating charges | 640/8 | €26,425 | €33,666 | +€7,240 | +27.4% |
| Gross operating margin | 9900 | €316,188 | €612,583 | +€296,395 | +93.7% |
| Operating profit (loss) | 9901 | €172,060 | €479,351 | +€307,291 | +179% |
| Financial income | 75/76B | €89,135 | €66,884 | -€22,251 | -25.0% |
| Recurring financial income | 75 | €89,135 | €66,884 | -€22,251 | -25.0% |
| Financial charges | 65/66B | -€4,128 | €37,874 | +€42,002 | |
| Recurring financial charges | 65 | -€4,128 | €37,874 | +€42,002 | |
| Profit (loss) for the period before taxes | 9903 | €265,324 | €508,361 | +€243,037 | +91.6% |
| Income taxes | 67/77 | €67,948 | €136,071 | +€68,123 | +100% |
| Profit (loss) for the period | 9904 | €197,376 | €372,291 | +€174,915 | +88.6% |
| Transfer to tax-exempt reserves | 689 | €126,300 | €108,500 | -€17,800 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €71,076 | €263,791 | +€192,715 | +271% |
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 15 October 2026 via checked.be.