ARNAUD MASSON TRADE CONSTRUCT: 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.
ARNAUD MASSON TRADE CONSTRUCT
Largest movements
- Cash +€11,980
up €11,980 (+176%), from €6,819 to €18,799
mainly Net result for the year (+€15,473) and Trade debts (+€4,663)
- Receivables within one year -€2,633
down €2,633 (-8.3%), from €31,551 to €28,918
of which Other amounts receivable: -€3,433
- Tangible fixed assets +€870
up €870 (+612%), from €142 to €1,012
- Tax, wage and social debts -€5,585
down €5,585 (-47.0%), from €11,890 to €6,305
- Profit (loss) carried forward +€5,473
up €5,473 (+134%), from €4,069 to €9,543
- Trade debts +€4,663
up €4,663 (+78.3%), from €5,952 to €10,615
- Accrued charges and deferred income +€4,200
new in 2025: €4,200
- Other debts +€1,700
up €1,700 (+10.2%), from €16,600 to €18,300
- Gross operating margin +€14,202
up €14,202 (+187%), from €7,581 to €21,783
- Other operating charges -€6,173
down €6,173 (-59.6%), from €10,355 to €4,182
- Financial income -€1,446
down €1,446 (-51.9%), from €2,788 to €1,342
- Taxes -€762
down €762 (-22.2%), from €3,430 to €2,668
- Financial charges +€506
up €506 (+210%), from €241 to €747
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 | €38,512 | €48,963 | +€10,451 | +27.1% |
| Fixed assets | 21/28 | €142 | €1,012 | +€870 | +612% |
| Tangible fixed assets | 22/27 | €142 | €1,012 | +€870 | +612% |
| Furniture and vehicles | 24 | €142 | €1,012 | +€870 | +612% |
| Current assets | 29/58 | €38,370 | €47,951 | +€9,581 | +25.0% |
| Amounts receivable within one year | 40/41 | €31,551 | €28,918 | -€2,633 | -8.3% |
| Trade receivables | 40 | - | €800 | +€800 | |
| Other amounts receivable | 41 | €31,551 | €28,118 | -€3,433 | -10.9% |
| Cash at bank and in hand | 54/58 | €6,819 | €18,799 | +€11,980 | +176% |
| Deferred charges and accrued income | 490/1 | - | €234 | +€234 | |
| Total equity and liabilities | 10/49 | €38,512 | €48,963 | +€10,451 | +27.1% |
| Equity | 10/15 | €4,071 | €9,544 | +€5,473 | +134% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €0 | €0 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | €0 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,069 | €9,543 | +€5,473 | +134% |
| Amounts payable | 17/49 | €34,442 | €39,420 | +€4,978 | +14.5% |
| Amounts payable within one year | 42/48 | €34,442 | €35,220 | +€778 | +2.3% |
| Trade debts | 44 | €5,952 | €10,615 | +€4,663 | +78.3% |
| Suppliers | 440/4 | €5,952 | €10,615 | +€4,663 | +78.3% |
| Taxes, remuneration and social security | 45 | €11,890 | €6,305 | -€5,585 | -47.0% |
| Taxes | 450/3 | €11,890 | €6,305 | -€5,585 | -47.0% |
| Other amounts payable | 47/48 | €16,600 | €18,300 | +€1,700 | +10.2% |
| Accrued charges and deferred income | 492/3 | - | €4,200 | +€4,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110 | €55 | -€55 | -50.0% |
| Other operating charges | 640/8 | €10,355 | €4,182 | -€6,173 | -59.6% |
| Gross operating margin | 9900 | €7,581 | €21,783 | +€14,202 | +187% |
| Operating profit (loss) | 9901 | -€2,884 | €17,546 | +€20,431 | |
| Financial income | 75/76B | €2,788 | €1,342 | -€1,446 | -51.9% |
| Recurring financial income | 75 | €2,788 | €1,342 | -€1,446 | -51.9% |
| Financial charges | 65/66B | €241 | €747 | +€506 | +210% |
| Recurring financial charges | 65 | €241 | €747 | +€506 | +210% |
| Profit (loss) for the period before taxes | 9903 | -€337 | €18,141 | +€18,478 | |
| Income taxes | 67/77 | €3,430 | €2,668 | -€762 | -22.2% |
| Profit (loss) for the period | 9904 | -€3,767 | €15,473 | +€19,240 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,767 | €15,473 | +€19,240 |
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 16 October 2026 via checked.be.