Masa Conception: 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.
Masa Conception
Largest movements
- Stocks and contracts +€347,446
up €347,446 (+13154.7%), from €2,641 to €350,087
- Cash -€76,752
down €76,752 (-72.8%), from €105,434 to €28,682
mainly Stocks and contracts (-€347,446) and Receivables within one year (-€21,596)
- Receivables within one year +€21,596
up €21,596 (+7020.6%), from €308 to €21,904
of which Trade receivables: +€15,000
- Debts after one year +€277,243
new in 2025: €277,243
- Trade debts +€13,550
up €13,550 (+8849.0%), from €153 to €13,703
- Gross operating margin +€21,893
up €21,893, from -€10,068 to €11,824
- Financial charges +€10,286
up €10,286 (+3148.2%), from €327 to €10,612
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 | €108,383 | €400,673 | +€292,290 | +269.7% |
| Current assets | 29/58 | €108,383 | €400,673 | +€292,290 | +269.7% |
| Stocks and contracts in progress | 3 | €2,641 | €350,087 | +€347,446 | +13154.7% |
| Stocks | 30/36 | €2,641 | €350,087 | +€347,446 | +13154.7% |
| Amounts receivable within one year | 40/41 | €308 | €21,904 | +€21,596 | +7020.6% |
| Trade receivables | 40 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 41 | €308 | €6,904 | +€6,596 | +2144.3% |
| Cash at bank and in hand | 54/58 | €105,434 | €28,682 | -€76,752 | -72.8% |
| Total equity and liabilities | 10/49 | €108,383 | €400,673 | +€292,290 | +269.7% |
| Equity | 10/15 | €9,565 | €10,788 | +€1,223 | +12.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,435 | -€9,212 | +€1,223 | +11.7% |
| Amounts payable | 17/49 | €98,818 | €389,885 | +€291,067 | +294.5% |
| Amounts payable after more than one year | 17 | - | €277,243 | +€277,243 | |
| Financial debts | 170/4 | - | €277,243 | +€277,243 | |
| Amounts payable within one year | 42/48 | €98,818 | €112,642 | +€13,824 | +14.0% |
| Trade debts | 44 | €153 | €13,703 | +€13,550 | +8849.0% |
| Suppliers | 440/4 | €153 | €13,703 | +€13,550 | +8849.0% |
| Other amounts payable | 47/48 | €98,665 | €98,939 | +€274 | +0.3% |
| Gross operating margin | 9900 | -€10,068 | €11,824 | +€21,893 | |
| Operating profit (loss) | 9901 | -€10,068 | €11,824 | +€21,893 | |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €327 | €10,612 | +€10,286 | +3148.2% |
| Recurring financial charges | 65 | €327 | €10,612 | +€10,286 | +3148.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,395 | €1,223 | +€11,619 | |
| Profit (loss) for the period | 9904 | -€10,395 | €1,223 | +€11,619 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,395 | €1,223 | +€11,619 |
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 12 October 2026 via checked.be.