MaSa BUSINESS: what changed
MaSa BUSINESS
Largest movements
- Receivables within one year -€22,867
down €22,867 (-62.9%), from €36,360 to €13,494
of which Trade receivables: -€21,336
- Trade debts -€17,470
down €17,470 (-79.1%), from €22,090 to €4,620
- Tax, wage and social debts -€5,836
down €5,836 (-72.6%), from €8,036 to €2,200
- Gross operating margin +€1,185
up €1,185 (+84.3%), from -€1,405 to -€220
- Financial income -€388
down €388 (-34.0%), from €1,142 to €754
- Financial charges +€104
up €104 (+115%), from €90 to €194
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,386 | €13,494 | -€22,892 | -62.9% |
| Current assets | 29/58 | €36,386 | €13,494 | -€22,892 | -62.9% |
| Amounts receivable within one year | 40/41 | €36,360 | €13,494 | -€22,867 | -62.9% |
| Trade receivables | 40 | €21,336 | - | -€21,336 | |
| Other amounts receivable | 41 | €15,024 | €13,494 | -€1,531 | -10.2% |
| Cash at bank and in hand | 54/58 | €26 | €1 | -€25 | -97.9% |
| Total equity and liabilities | 10/49 | €36,386 | €13,494 | -€22,892 | -62.9% |
| Equity | 10/15 | €6,260 | €6,600 | +€340 | +5.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,760 | €4,100 | +€340 | +9.0% |
| Amounts payable | 17/49 | €30,126 | €6,894 | -€23,232 | -77.1% |
| Amounts payable within one year | 42/48 | €30,126 | €6,894 | -€23,232 | -77.1% |
| Financial debts | 43 | - | €73 | +€73 | |
| Credit institutions | 430/8 | - | €73 | +€73 | |
| Trade debts | 44 | €22,090 | €4,620 | -€17,470 | -79.1% |
| Suppliers | 440/4 | €22,090 | €4,620 | -€17,470 | -79.1% |
| Taxes, remuneration and social security | 45 | €8,036 | €2,200 | -€5,836 | -72.6% |
| Taxes | 450/3 | €8,036 | €2,200 | -€5,836 | -72.6% |
| Gross operating margin | 9900 | -€1,405 | -€220 | +€1,185 | +84.3% |
| Operating profit (loss) | 9901 | -€1,405 | -€220 | +€1,185 | +84.3% |
| Financial income | 75/76B | €1,142 | €754 | -€388 | -34.0% |
| Recurring financial income | 75 | €1,142 | €754 | -€388 | -34.0% |
| Financial charges | 65/66B | €90 | €194 | +€104 | +115% |
| Recurring financial charges | 65 | €90 | €194 | +€104 | +115% |
| Profit (loss) for the period before taxes | 9903 | -€353 | €340 | +€693 | |
| Profit (loss) for the period | 9904 | -€353 | €340 | +€693 | |
| Profit (loss) for the period to be appropriated | 9905 | -€353 | €340 | +€693 |
Next steps
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 4 November 2026 via checked.be.