MASAGA SA: 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.
MASAGA SA
Largest movements
- Cash +€273
up €273 (+599%), from €46 to €318
mainly Trade debts (+€400) and Net result for the year (+€194)
- Trade debts +€400
new in 2025: €400
- Other debts -€322
down €322 (-4.7%), from €6,837 to €6,515
- Profit (loss) carried forward +€194
up €194 (+0.2%), from -€81,792 to -€81,597
- Gross operating margin +€930
up €930, from -€261 to €669
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
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 | €46 | €318 | +€273 | +599% |
| Current assets | 29/58 | €46 | €318 | +€273 | +599% |
| Cash at bank and in hand | 54/58 | €46 | €318 | +€273 | +599% |
| Total equity and liabilities | 10/49 | €46 | €318 | +€273 | +599% |
| Equity | 10/15 | -€6,792 | -€6,597 | +€194 | +2.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,792 | -€81,597 | +€194 | +0.2% |
| Amounts payable | 17/49 | €6,837 | €6,915 | +€78 | +1.1% |
| Amounts payable within one year | 42/48 | €6,837 | €6,915 | +€78 | +1.1% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Other amounts payable | 47/48 | €6,837 | €6,515 | -€322 | -4.7% |
| Non-recurring operating income | 76A | - | €735 | +€735 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€261 | €669 | +€930 | |
| Operating profit (loss) | 9901 | -€649 | €269 | +€918 | |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€722 | €194 | +€917 | |
| Profit (loss) for the period | 9904 | -€722 | €194 | +€917 | |
| Profit (loss) for the period to be appropriated | 9905 | -€722 | €194 | +€917 |
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 17 October 2026 via checked.be.