MASARE: 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.
MASARE
Largest movements
- Cash +€2,869
up €2,869 (+869.4%), from €330 to €3,199
mainly Net result for the year (+€3,242) and Other debts (+€200)
- Receivables within one year +€600
new in 2024: €600
- Profit (loss) carried forward +€3,242
up €3,242 (+5.3%), from -€60,897 to -€57,655
- Contributions -€1,812
down €1,812 (-8.9%), from €20,404 to €18,592
- Reserves +€1,812
new in 2024: €1,812
- Other debts +€200
up €200 (+7.4%), from €2,700 to €2,900
- Gross operating margin +€4,344
up €4,344, from -€64 to €4,280
- Other operating charges -€1,813
down €1,813 (-78.2%), from €2,318 to €505
- Staff costs +€505
new in 2024: €505
- Purchases and services -€64
no longer reported in 2024 (was €64)
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 | €330 | €3,799 | +€3,469 | +1051.2% |
| Current assets | 29/58 | €330 | €3,799 | +€3,469 | +1051.2% |
| Amounts receivable within one year | 40/41 | - | €600 | +€600 | |
| Trade receivables | 40 | - | €600 | +€600 | |
| Cash at bank and in hand | 54/58 | €330 | €3,199 | +€2,869 | +869.4% |
| Total equity and liabilities | 10/49 | €330 | €3,799 | +€3,469 | +1051.2% |
| Equity | 10/15 | -€40,493 | -€37,251 | +€3,242 | +8.0% |
| Contributions | 10/11 | €20,404 | €18,592 | -€1,812 | -8.9% |
| Reserves | 13 | - | €1,812 | +€1,812 | |
| Non-distributable reserves | 130/1 | - | €1,812 | +€1,812 | |
| Reserves not available under the articles | 1311 | - | €1,812 | +€1,812 | |
| Profit (loss) carried forward | 14 | -€60,897 | -€57,655 | +€3,242 | +5.3% |
| Amounts payable | 17/49 | €40,823 | €41,050 | +€227 | +0.6% |
| Amounts payable after more than one year | 17 | €38,123 | €38,123 | = | 0.0% |
| Financial debts | 170/4 | €38,123 | €38,123 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,700 | €2,927 | +€227 | +8.4% |
| Trade debts | 44 | - | €27 | +€27 | |
| Suppliers | 440/4 | - | €27 | +€27 | |
| Other amounts payable | 47/48 | €2,700 | €2,900 | +€200 | +7.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €64 | - | -€64 | |
| Remuneration, social security and pensions | 62 | - | €505 | +€505 | |
| Other operating charges | 640/8 | €2,318 | €505 | -€1,813 | -78.2% |
| Gross operating margin | 9900 | -€64 | €4,280 | +€4,344 | |
| Operating profit (loss) | 9901 | -€2,382 | €3,270 | +€5,652 | |
| Financial charges | 65/66B | €24 | €28 | +€4 | +16.7% |
| Recurring financial charges | 65 | €24 | €28 | +€4 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,406 | €3,242 | +€5,648 | |
| Profit (loss) for the period | 9904 | -€2,406 | €3,242 | +€5,648 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,406 | €3,242 | +€5,648 |
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 29 September 2026 via checked.be.