Mahssa: what changed
Two fiscal 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.
Mahssa
Largest movements
- Receivables within one year -€228,376
down €228,376 (-92.6%), from €246,547 to €18,171
- Cash +€5,189
up €5,189 (+197.9%), from €2,622 to €7,812
mainly Receivables within one year (+€228,376) and Trade debts (+€19,504)
- Other debts -€245,523
down €245,523 (-49.7%), from €493,639 to €248,115
- Trade debts +€19,504
up €19,504 (+8.3%), from €235,759 to €255,263
- Tax, wage and social debts -€3,964
down €3,964 (-39.7%), from €9,982 to €6,018
of which Remuneration and social security: -€2,662
- Accrued charges and deferred income +€3,732
new in 2025: €3,732
- Profit (loss) carried forward +€3,436
up €3,436 (+0.7%), from -€502,785 to -€499,349
- Gross operating margin +€49,780
up €49,780 (+520.5%), from €9,564 to €59,344
- Staff costs +€5,163
up €5,163 (+12.9%), from €39,922 to €45,085
- Depreciation -€4,333
down €4,333 (-100.0%), from €4,333 to €0
- Other operating charges +€4,280
up €4,280 (+124.4%), from €3,442 to €7,722
- Taxes +€2,503
new in 2025: €2,503
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.
Cash bridge derived
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 | €317,953 | €95,138 | -€222,815 | -70.1% |
| Fixed assets | 21/28 | €518 | €518 | -€0 | -0.1% |
| Tangible fixed assets | 22/27 | €0 | €0 | -€0 | -100.0% |
| Furniture and vehicles | 24 | €0 | €0 | -€0 | -100.0% |
| Financial fixed assets | 28 | €518 | €518 | = | 0.0% |
| Current assets | 29/58 | €317,435 | €94,621 | -€222,814 | -70.2% |
| Stocks and contracts in progress | 3 | €67,298 | €66,392 | -€906 | -1.3% |
| Stocks | 30/36 | €67,298 | €66,392 | -€906 | -1.3% |
| Amounts receivable within one year | 40/41 | €246,547 | €18,171 | -€228,376 | -92.6% |
| Trade receivables | 40 | €246,547 | €18,171 | -€228,376 | -92.6% |
| Cash at bank and in hand | 54/58 | €2,622 | €7,812 | +€5,189 | +197.9% |
| Deferred charges and accrued income | 490/1 | €967 | €2,246 | +€1,279 | +132.2% |
| Total equity and liabilities | 10/49 | €317,953 | €95,138 | -€222,815 | -70.1% |
| Equity | 10/15 | -€471,426 | -€467,991 | +€3,436 | +0.7% |
| Contributions | 10/11 | €28,508 | €28,508 | = | 0.0% |
| Outside capital | 11 | €28,508 | - | -€28,508 | |
| Other | 1109/19 | €28,508 | - | -€28,508 | |
| Reserves | 13 | €2,851 | €2,851 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,851 | €2,851 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,851 | €2,851 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€502,785 | -€499,349 | +€3,436 | +0.7% |
| Amounts payable | 17/49 | €789,379 | €563,129 | -€226,250 | -28.7% |
| Amounts payable within one year | 42/48 | €789,379 | €559,396 | -€229,983 | -29.1% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €235,759 | €255,263 | +€19,504 | +8.3% |
| Suppliers | 440/4 | €235,759 | €255,263 | +€19,504 | +8.3% |
| Taxes, remuneration and social security | 45 | €9,982 | €6,018 | -€3,964 | -39.7% |
| Taxes | 450/3 | €2,644 | €1,342 | -€1,302 | -49.2% |
| Remuneration and social security | 454/9 | €7,338 | €4,675 | -€2,662 | -36.3% |
| Other amounts payable | 47/48 | €493,639 | €248,115 | -€245,523 | -49.7% |
| Accrued charges and deferred income | 492/3 | - | €3,732 | +€3,732 | |
| Remuneration, social security and pensions | 62 | €39,922 | €45,085 | +€5,163 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,333 | €0 | -€4,333 | -100.0% |
| Other operating charges | 640/8 | €3,442 | €7,722 | +€4,280 | +124.4% |
| Gross operating margin | 9900 | €9,564 | €59,344 | +€49,780 | +520.5% |
| Operating profit (loss) | 9901 | -€38,133 | €6,536 | +€44,670 | |
| Financial charges | 65/66B | €363 | €598 | +€235 | +64.9% |
| Recurring financial charges | 65 | €363 | €598 | +€235 | +64.9% |
| Profit (loss) for the period before taxes | 9903 | -€38,496 | €5,939 | +€44,434 | |
| Income taxes | 67/77 | - | €2,503 | +€2,503 | |
| Profit (loss) for the period | 9904 | -€38,496 | €3,436 | +€41,931 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,496 | €3,436 | +€41,931 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.