M.A.S.IMMO: 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.
M.A.S.IMMO
Largest movements
- Tangible fixed assets -€6,738
down €6,738 (-4.7%), from €144,677 to €137,938
of which Land and buildings: -€6,738
- Profit (loss) carried forward -€7,532
down €7,532, from €31 to -€7,500
- Trade debts +€1,961
up €1,961 (+149%), from €1,317 to €3,278
- Gross operating margin -€6,278
down €6,278 (-86.5%), from €7,261 to €984
- Depreciation -€1,156
down €1,156 (-14.6%), from €7,895 to €6,738
- Taxes -€433
no longer reported in 2025 (was €433)
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 | €182,442 | €176,871 | -€5,571 | -3.1% |
| Fixed assets | 21/28 | €144,677 | €137,938 | -€6,738 | -4.7% |
| Tangible fixed assets | 22/27 | €144,677 | €137,938 | -€6,738 | -4.7% |
| Land and buildings | 22 | €136,112 | €129,374 | -€6,738 | -5.0% |
| Other tangible fixed assets | 26 | €8,565 | €8,565 | = | 0.0% |
| Current assets | 29/58 | €37,765 | €38,932 | +€1,167 | +3.1% |
| Amounts receivable within one year | 40/41 | €35,443 | €36,543 | +€1,100 | +3.1% |
| Other amounts receivable | 41 | €35,443 | €36,543 | +€1,100 | +3.1% |
| Cash at bank and in hand | 54/58 | €2,322 | €2,389 | +€67 | +2.9% |
| Total equity and liabilities | 10/49 | €182,442 | €176,871 | -€5,571 | -3.1% |
| Equity | 10/15 | €181,124 | €173,593 | -€7,532 | -4.2% |
| Contributions | 10/11 | €181,000 | €181,000 | = | 0.0% |
| Capital | 10 | €181,000 | €181,000 | = | 0.0% |
| Issued capital | 100 | €181,000 | €181,000 | = | 0.0% |
| Reserves | 13 | €93 | €93 | = | 0.0% |
| Non-distributable reserves | 130/1 | €93 | €93 | = | 0.0% |
| Legal reserve | 130 | €93 | €93 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31 | -€7,500 | -€7,532 | |
| Amounts payable | 17/49 | €1,317 | €3,278 | +€1,961 | +149% |
| Amounts payable within one year | 42/48 | €1,317 | €3,278 | +€1,961 | +149% |
| Trade debts | 44 | €1,317 | €3,278 | +€1,961 | +149% |
| Suppliers | 440/4 | €1,317 | €3,278 | +€1,961 | +149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,895 | €6,738 | -€1,156 | -14.6% |
| Other operating charges | 640/8 | €1,720 | €1,732 | +€12 | +0.7% |
| Gross operating margin | 9900 | €7,261 | €984 | -€6,278 | -86.5% |
| Operating profit (loss) | 9901 | -€2,354 | -€7,487 | -€5,133 | -218% |
| Financial charges | 65/66B | €49 | €45 | -€4 | -7.5% |
| Recurring financial charges | 65 | €49 | €45 | -€4 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,402 | -€7,532 | -€5,129 | -214% |
| Income taxes | 67/77 | €433 | - | -€433 | |
| Profit (loss) for the period | 9904 | -€2,836 | -€7,532 | -€4,696 | -166% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,836 | -€7,532 | -€4,696 | -166% |
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 29 October 2026 via checked.be.