MASACO: 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.
MASACO
Largest movements
- Tangible fixed assets -€11,467
down €11,467 (-2.8%), from €405,523 to €394,056
of which Land and buildings: -€10,964
- Other debts -€8,031
down €8,031 (-2.6%), from €314,312 to €306,281
- Profit (loss) carried forward -€6,077
down €6,077 (-7.8%), from €77,724 to €71,646
- Gross operating margin -€2,124
down €2,124 (-21.7%), from €9,770 to €7,646
- Depreciation -€587
down €587 (-4.9%), from €12,054 to €11,467
- Other operating charges +€415
up €415 (+25.1%), from €1,659 to €2,074
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €413,778 | €399,678 | -€14,100 | -3.4% |
| Fixed assets | 21/28 | €405,523 | €394,056 | -€11,467 | -2.8% |
| Tangible fixed assets | 22/27 | €405,523 | €394,056 | -€11,467 | -2.8% |
| Land and buildings | 22 | €404,165 | €393,202 | -€10,964 | -2.7% |
| Plant, machinery and equipment | 23 | €751 | €216 | -€535 | -71.2% |
| Furniture and vehicles | 24 | €607 | €639 | +€32 | +5.2% |
| Current assets | 29/58 | €8,254 | €5,621 | -€2,633 | -31.9% |
| Amounts receivable within one year | 40/41 | €7,819 | €5,399 | -€2,420 | -30.9% |
| Trade receivables | 40 | €7,117 | €4,697 | -€2,420 | -34.0% |
| Other amounts receivable | 41 | €702 | €702 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €435 | €222 | -€213 | -48.9% |
| Total equity and liabilities | 10/49 | €413,778 | €399,678 | -€14,100 | -3.4% |
| Equity | 10/15 | €98,184 | €92,106 | -€6,077 | -6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,724 | €71,646 | -€6,077 | -7.8% |
| Amounts payable | 17/49 | €315,594 | €307,572 | -€8,022 | -2.5% |
| Amounts payable within one year | 42/48 | €315,594 | €307,572 | -€8,022 | -2.5% |
| Trade debts | 44 | €1,282 | €1,291 | +€9 | +0.7% |
| Suppliers | 440/4 | €1,282 | €1,291 | +€9 | +0.7% |
| Other amounts payable | 47/48 | €314,312 | €306,281 | -€8,031 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,054 | €11,467 | -€587 | -4.9% |
| Other operating charges | 640/8 | €1,659 | €2,074 | +€415 | +25.1% |
| Gross operating margin | 9900 | €9,770 | €7,646 | -€2,124 | -21.7% |
| Operating profit (loss) | 9901 | -€3,942 | -€5,895 | -€1,953 | -49.5% |
| Financial charges | 65/66B | €194 | €182 | -€12 | -6.0% |
| Recurring financial charges | 65 | €194 | €182 | -€12 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,136 | -€6,077 | -€1,941 | -46.9% |
| Income taxes | 67/77 | -€4 | - | +€4 | |
| Profit (loss) for the period | 9904 | -€4,132 | -€6,077 | -€1,945 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,132 | -€6,077 | -€1,945 | -47.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.