MASA COMPANY: 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.
MASA COMPANY
Largest movements
- Stocks and contracts +€53,636
up €53,636 (+376.8%), from €14,234 to €67,871
- Cash -€7,959
down €7,959 (-55.0%), from €14,481 to €6,522
mainly Stocks and contracts (-€53,636) and Other debts (-€11,639)
- Receivables within one year +€2,007
up €2,007 (+341.2%), from €588 to €2,596
- Trade debts +€24,135
up €24,135 (+897.1%), from €2,690 to €26,825
- Tax, wage and social debts +€17,813
up €17,813 (+353.8%), from €5,035 to €22,848
of which Remuneration and social security: +€15,556
- Other debts -€11,639
down €11,639 (-63.5%), from €18,337 to €6,698
- Contributions +€10,000
new in 2025: €10,000
- Profit (loss) carried forward +€6,583
up €6,583 (+102.7%), from €6,412 to €12,995
- Staff costs +€24,277
up €24,277 (+449.2%), from €5,404 to €29,681
- Gross operating margin +€22,877
up €22,877 (+181.2%), from €12,628 to €35,505
- Financial income +€1,569
new in 2025: €1,569
of which Financial income: +€1,569
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 | €32,475 | €79,367 | +€46,892 | +144.4% |
| Formation expenses | 20 | €904 | €678 | -€226 | -25.0% |
| Fixed assets | 21/28 | €2,267 | €1,700 | -€567 | -25.0% |
| Tangible fixed assets | 22/27 | €2,267 | €1,700 | -€567 | -25.0% |
| Other tangible fixed assets | 26 | €2,267 | €1,700 | -€567 | -25.0% |
| Current assets | 29/58 | €29,304 | €76,989 | +€47,685 | +162.7% |
| Stocks and contracts in progress | 3 | €14,234 | €67,871 | +€53,636 | +376.8% |
| Stocks | 30/36 | €14,234 | €67,871 | +€53,636 | +376.8% |
| Amounts receivable within one year | 40/41 | €588 | €2,596 | +€2,007 | +341.2% |
| Trade receivables | 40 | €588 | €2,596 | +€2,007 | +341.2% |
| Cash at bank and in hand | 54/58 | €14,481 | €6,522 | -€7,959 | -55.0% |
| Total equity and liabilities | 10/49 | €32,475 | €79,367 | +€46,892 | +144.4% |
| Equity | 10/15 | €6,412 | €22,995 | +€16,583 | +258.6% |
| Contributions | 10/11 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €6,412 | €12,995 | +€6,583 | +102.7% |
| Amounts payable | 17/49 | €26,063 | €56,372 | +€30,309 | +116.3% |
| Amounts payable within one year | 42/48 | €26,063 | €56,372 | +€30,309 | +116.3% |
| Trade debts | 44 | €2,690 | €26,825 | +€24,135 | +897.1% |
| Suppliers | 440/4 | €2,690 | €26,825 | +€24,135 | +897.1% |
| Taxes, remuneration and social security | 45 | €5,035 | €22,848 | +€17,813 | +353.8% |
| Taxes | 450/3 | €3,122 | €5,379 | +€2,257 | +72.3% |
| Remuneration and social security | 454/9 | €1,913 | €17,469 | +€15,556 | +813.1% |
| Other amounts payable | 47/48 | €18,337 | €6,698 | -€11,639 | -63.5% |
| Remuneration, social security and pensions | 62 | €5,404 | €29,681 | +€24,277 | +449.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €793 | €793 | = | 0.0% |
| Gross operating margin | 9900 | €12,628 | €35,505 | +€22,877 | +181.2% |
| Operating profit (loss) | 9901 | €6,431 | €5,031 | -€1,400 | -21.8% |
| Financial income | 75/76B | - | €1,569 | +€1,569 | |
| Recurring financial income | 75 | - | €1,569 | +€1,569 | |
| Non-recurring financial income | 76B | - | €1,569 | +€1,569 | |
| Financial charges | 65/66B | €19 | €18 | -€1 | -6.2% |
| Recurring financial charges | 65 | €19 | €18 | -€1 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €6,412 | €6,583 | +€171 | +2.7% |
| Profit (loss) for the period | 9904 | €6,412 | €6,583 | +€171 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,412 | €6,583 | +€171 | +2.7% |
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 6 October 2026 via checked.be.