MASAMEGIU: 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.
MASAMEGIU
Largest movements
- Stocks and contracts -€15,000
down €15,000 (-74.3%), from €20,190 to €5,190
- Tangible fixed assets -€2,090
down €2,090 (-38.3%), from €5,457 to €3,367
of which Furniture and vehicles: -€1,811
- Deferred charges and accrued income -€734
down €734 (-56.2%), from €1,305 to €571
- Other debts +€42,696
up €42,696 (+28.1%), from €151,825 to €194,522
- Trade debts -€36,518
down €36,518 (-92.4%), from €39,530 to €3,012
- Profit (loss) carried forward -€23,021
down €23,021 (-2.9%), from -€804,319 to -€827,340
- Tax, wage and social debts -€925
down €925 (-51.7%), from €1,788 to €863
- Gross operating margin -€9,712
down €9,712 (-138%), from -€7,050 to -€16,761
- Other operating charges -€5,953
down €5,953 (-68.8%), from €8,652 to €2,699
- Financial charges -€3,464
down €3,464 (-85.1%), from €4,072 to €608
- Depreciation -€395
down €395 (-15.9%), from €2,485 to €2,090
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 | €56,591 | €38,823 | -€17,768 | -31.4% |
| Fixed assets | 21/28 | €5,957 | €3,867 | -€2,090 | -35.1% |
| Tangible fixed assets | 22/27 | €5,457 | €3,367 | -€2,090 | -38.3% |
| Plant, machinery and equipment | 23 | €353 | €74 | -€278 | -78.9% |
| Furniture and vehicles | 24 | €5,104 | €3,293 | -€1,811 | -35.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €50,634 | €34,956 | -€15,678 | -31.0% |
| Stocks and contracts in progress | 3 | €20,190 | €5,190 | -€15,000 | -74.3% |
| Stocks | 30/36 | €20,190 | €5,190 | -€15,000 | -74.3% |
| Amounts receivable within one year | 40/41 | €29,139 | €29,165 | +€26 | +0.1% |
| Trade receivables | 40 | €29,091 | €28,763 | -€329 | -1.1% |
| Other amounts receivable | 41 | €48 | €403 | +€355 | +740% |
| Cash at bank and in hand | 54/58 | €0 | €29 | +€29 | |
| Deferred charges and accrued income | 490/1 | €1,305 | €571 | -€734 | -56.2% |
| Total equity and liabilities | 10/49 | €56,591 | €38,823 | -€17,768 | -31.4% |
| Equity | 10/15 | -€136,553 | -€159,574 | -€23,021 | -16.9% |
| Contributions | 10/11 | €665,000 | €665,000 | = | 0.0% |
| Reserves | 13 | €2,766 | €2,766 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €266 | €266 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€804,319 | -€827,340 | -€23,021 | -2.9% |
| Amounts payable | 17/49 | €193,144 | €198,397 | +€5,253 | +2.7% |
| Amounts payable within one year | 42/48 | €193,144 | €198,397 | +€5,253 | +2.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €39,530 | €3,012 | -€36,518 | -92.4% |
| Suppliers | 440/4 | €39,530 | €3,012 | -€36,518 | -92.4% |
| Taxes, remuneration and social security | 45 | €1,788 | €863 | -€925 | -51.7% |
| Taxes | 450/3 | €1,788 | €863 | -€925 | -51.7% |
| Other amounts payable | 47/48 | €151,825 | €194,522 | +€42,696 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,485 | €2,090 | -€395 | -15.9% |
| Other operating charges | 640/8 | €8,652 | €2,699 | -€5,953 | -68.8% |
| Gross operating margin | 9900 | -€7,050 | -€16,761 | -€9,712 | -138% |
| Operating profit (loss) | 9901 | -€18,187 | -€21,550 | -€3,363 | -18.5% |
| Financial income | 75/76B | €65 | €0 | -€65 | -100.0% |
| Recurring financial income | 75 | €65 | €0 | -€65 | -100.0% |
| Financial charges | 65/66B | €4,072 | €608 | -€3,464 | -85.1% |
| Recurring financial charges | 65 | €4,072 | €608 | -€3,464 | -85.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,194 | -€22,158 | +€36 | +0.2% |
| Income taxes | 67/77 | €916 | €863 | -€53 | -5.8% |
| Profit (loss) for the period | 9904 | -€23,110 | -€23,021 | +€89 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,110 | -€23,021 | +€89 | +0.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.