''Cédric Massoz'': what changed
What changed
''Cédric Massoz''
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€81,041
2024 · €32,562+€48,479
Equity
€399,008
2024 · €361,967+€37,041
Cash
€109,183
2024 · €25,338+€83,845
Balance sheet total
€456,962
2024 · €375,194+€81,768
Largest movements
Assets
- Cash +€83,845
up €83,845 (+331%), from €25,338 to €109,183
mainly Net result for the year (+€81,041) and Other debts (+€45,657)
Equity and liabilities
- Other debts +€45,657
up €45,657 (+4,548%), from €1,004 to €46,661
- Reserves +€36,500
up €36,500 (+11.9%), from €307,560 to €344,060
- Current portion of long-term debt -€12,224
no longer reported in 2025 (was €12,224)
- Tax, wage and social debts +€8,141
new in 2025: €8,141
Income statement
- Financial income +€50,361
up €50,361 (+37,843%), from €133 to €50,494
- Taxes +€7,075
up €7,075 (+42.1%), from €16,805 to €23,880
- Gross operating margin +€5,321
up €5,321 (+9.6%), from €55,565 to €60,886
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.
Result 2024
€32,562
Gross operating margin
+€5,321
Depreciation
+€43
Other operating charges
-€352
Other operating items
-€382
Financial income
+€50,361
Financial charges
+€564
Taxes
-€7,075
Result 2025
€81,041
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€140,963
Investment
-€894
Financing
-€56,224
Cash 2024
€25,338
From operations (derived)
+€140,963
Net result for the year
+€81,041
Depreciation
+€5,173
Deferred charges and accrued income
-€2,202
Trade debts
+€3,152
Tax, wage and social debts
+€8,141
Other debts
+€45,657
Investment (derived)
-€894
Investment in fixed assets (net)
-€894
Financing
-€56,224
Current portion of long-term debt
-€12,224
Contributions, distributions and other
-€44,000
Cash 2025
€109,183
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €375,194 | €456,962 | +€81,768 | +21.8% |
| Fixed assets | 21/28 | €344,823 | €340,544 | -€4,279 | -1.2% |
| Tangible fixed assets | 22/27 | €14,823 | €10,544 | -€4,279 | -28.9% |
| Plant, machinery and equipment | 23 | €7,408 | €5,654 | -€1,754 | -23.7% |
| Furniture and vehicles | 24 | €7,416 | €4,891 | -€2,525 | -34.1% |
| Financial fixed assets | 28 | €330,000 | €330,000 | = | 0.0% |
| Current assets | 29/58 | €30,371 | €116,418 | +€86,047 | +283% |
| Amounts receivable within one year | 40/41 | €1,195 | €1,195 | = | 0.0% |
| Other amounts receivable | 41 | €1,195 | €1,195 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,338 | €109,183 | +€83,845 | +331% |
| Deferred charges and accrued income | 490/1 | €3,838 | €6,040 | +€2,202 | +57.4% |
| Total equity and liabilities | 10/49 | €375,194 | €456,962 | +€81,768 | +21.8% |
| Equity | 10/15 | €361,967 | €399,008 | +€37,041 | +10.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €307,560 | €344,060 | +€36,500 | +11.9% |
| Distributable reserves | 133 | €307,560 | €344,060 | +€36,500 | +11.9% |
| Profit (loss) carried forward | 14 | €48,207 | €48,748 | +€541 | +1.1% |
| Amounts payable | 17/49 | €13,228 | €57,955 | +€44,727 | +338% |
| Amounts payable within one year | 42/48 | €13,228 | €57,955 | +€44,727 | +338% |
| Current portion of amounts payable after more than one year | 42 | €12,224 | - | -€12,224 | |
| Trade debts | 44 | - | €3,152 | +€3,152 | |
| Suppliers | 440/4 | - | €3,152 | +€3,152 | |
| Taxes, remuneration and social security | 45 | - | €8,141 | +€8,141 | |
| Taxes | 450/3 | - | €8,141 | +€8,141 | |
| Other amounts payable | 47/48 | €1,004 | €46,661 | +€45,657 | +4,548% |
| Non-recurring operating income | 76A | - | €494 | +€494 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,216 | €5,173 | -€43 | -0.8% |
| Other operating charges | 640/8 | €59 | €412 | +€352 | +592% |
| Non-recurring operating charges | 66A | - | €382 | +€382 | |
| Gross operating margin | 9900 | €55,565 | €60,886 | +€5,321 | +9.6% |
| Operating profit (loss) | 9901 | €50,290 | €54,919 | +€4,629 | +9.2% |
| Financial income | 75/76B | €133 | €50,494 | +€50,361 | +37,843% |
| Recurring financial income | 75 | €133 | €50,494 | +€50,361 | +37,843% |
| Financial charges | 65/66B | €1,056 | €492 | -€564 | -53.4% |
| Recurring financial charges | 65 | €1,056 | €492 | -€564 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | €49,367 | €104,922 | +€55,554 | +113% |
| Income taxes | 67/77 | €16,805 | €23,880 | +€7,075 | +42.1% |
| Profit (loss) for the period | 9904 | €32,562 | €81,041 | +€48,479 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €32,562 | €81,041 | +€48,479 | +149% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 6 November 2026 via checked.be.