Masa Yume: 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 Yume
Largest movements
- Tangible fixed assets -€18,189
down €18,189 (-20.7%), from €87,663 to €69,473
of which Other tangible fixed assets: -€12,811
- Cash -€3,563
down €3,563 (-42.5%), from €8,393 to €4,830
mainly Debts after one year (-€21,875) and Trade debts (-€19,670)
- Deferred charges and accrued income +€2,763
up €2,763 (+76.2%), from €3,628 to €6,391
- Receivables within one year -€2,244
down €2,244 (-4.3%), from €51,787 to €49,542
of which Trade receivables: -€11,385
- Debts after one year -€21,875
down €21,875 (-40.8%), from €53,675 to €31,800
- Profit (loss) carried forward +€21,715
up €21,715, from -€16,445 to €5,270
- Trade debts -€19,670
down €19,670 (-55.6%), from €35,376 to €15,706
- Other debts +€3,655
up €3,655 (+50.8%), from €7,191 to €10,845
- Current portion of long-term debt -€3,114
down €3,114 (-12.5%), from €24,989 to €21,875
- Gross operating margin +€8,302
up €8,302 (+16.1%), from €51,511 to €59,813
- Depreciation -€3,028
down €3,028 (-14.3%), from €21,218 to €18,189
- Financial charges -€1,243
down €1,243 (-9.2%), from €13,474 to €12,232
- Other operating charges +€1,060
up €1,060 (+14.9%), from €7,093 to €8,152
- Taxes +€917
up €917 (+512%), from €179 to €1,096
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 | €153,738 | €133,354 | -€20,384 | -13.3% |
| Fixed assets | 21/28 | €87,663 | €69,473 | -€18,189 | -20.7% |
| Tangible fixed assets | 22/27 | €87,663 | €69,473 | -€18,189 | -20.7% |
| Plant, machinery and equipment | 23 | €16,769 | €12,168 | -€4,601 | -27.4% |
| Furniture and vehicles | 24 | €1,568 | €791 | -€777 | -49.6% |
| Other tangible fixed assets | 26 | €69,326 | €56,515 | -€12,811 | -18.5% |
| Current assets | 29/58 | €66,075 | €63,880 | -€2,194 | -3.3% |
| Stocks and contracts in progress | 3 | €2,267 | €3,118 | +€850 | +37.5% |
| Stocks | 30/36 | €2,267 | €3,118 | +€850 | +37.5% |
| Amounts receivable within one year | 40/41 | €51,787 | €49,542 | -€2,244 | -4.3% |
| Trade receivables | 40 | €11,658 | €273 | -€11,385 | -97.7% |
| Other amounts receivable | 41 | €40,129 | €49,269 | +€9,140 | +22.8% |
| Cash at bank and in hand | 54/58 | €8,393 | €4,830 | -€3,563 | -42.5% |
| Deferred charges and accrued income | 490/1 | €3,628 | €6,391 | +€2,763 | +76.2% |
| Total equity and liabilities | 10/49 | €153,738 | €133,354 | -€20,384 | -13.3% |
| Equity | 10/15 | €8,555 | €30,270 | +€21,715 | +254% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,445 | €5,270 | +€21,715 | |
| Amounts payable | 17/49 | €145,183 | €103,084 | -€42,099 | -29.0% |
| Amounts payable after more than one year | 17 | €53,675 | €31,800 | -€21,875 | -40.8% |
| Financial debts | 170/4 | €53,675 | €31,800 | -€21,875 | -40.8% |
| Amounts payable within one year | 42/48 | €88,303 | €71,043 | -€17,260 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €24,989 | €21,875 | -€3,114 | -12.5% |
| Financial debts | 43 | €10,005 | €9,818 | -€188 | -1.9% |
| Credit institutions | 430/8 | €10,005 | €9,818 | -€188 | -1.9% |
| Trade debts | 44 | €35,376 | €15,706 | -€19,670 | -55.6% |
| Suppliers | 440/4 | €35,376 | €15,706 | -€19,670 | -55.6% |
| Taxes, remuneration and social security | 45 | €10,742 | €12,799 | +€2,056 | +19.1% |
| Taxes | 450/3 | €10,742 | €12,799 | +€2,056 | +19.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,191 | €10,845 | +€3,655 | +50.8% |
| Accrued charges and deferred income | 492/3 | €3,205 | €242 | -€2,963 | -92.5% |
| Non-recurring operating income | 76A | €4,014 | €0 | -€4,014 | -100% |
| Remuneration, social security and pensions | 62 | €731 | €444 | -€286 | -39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,218 | €18,189 | -€3,028 | -14.3% |
| Other operating charges | 640/8 | €7,093 | €8,152 | +€1,060 | +14.9% |
| Non-recurring operating charges | 66A | €213 | €0 | -€213 | -100% |
| Gross operating margin | 9900 | €51,511 | €59,813 | +€8,302 | +16.1% |
| Operating profit (loss) | 9901 | €22,257 | €33,027 | +€10,770 | +48.4% |
| Financial income | 75/76B | €1,373 | €2,015 | +€642 | +46.8% |
| Recurring financial income | 75 | €1,373 | €2,015 | +€642 | +46.8% |
| Financial charges | 65/66B | €13,474 | €12,232 | -€1,243 | -9.2% |
| Recurring financial charges | 65 | €13,474 | €12,232 | -€1,243 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €10,156 | €22,811 | +€12,655 | +125% |
| Income taxes | 67/77 | €179 | €1,096 | +€917 | +512% |
| Profit (loss) for the period | 9904 | €9,976 | €21,715 | +€11,738 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €9,976 | €21,715 | +€11,738 | +118% |
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 30 October 2026 via checked.be.