MASBRO: 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.
MASBRO
Largest movements
- Cash +€15,388
up €15,388 (+47.3%), from €32,516 to €47,904
mainly Tax, wage and social debts (+€12,937) and Net result for the year (+€12,201)
- Deferred charges and accrued income -€11,082
down €11,082 (-99.6%), from €11,123 to €42
- Tangible fixed assets +€3,355
up €3,355 (+51.4%), from €6,529 to €9,885
of which Plant, machinery and equipment: +€4,100
- Receivables within one year +€2,665
up €2,665 (+47.0%), from €5,666 to €8,330
of which Other amounts receivable: +€4,745
- Trade debts -€14,896
down €14,896 (-77.7%), from €19,176 to €4,280
- Tax, wage and social debts +€12,937
up €12,937 (+209%), from €6,182 to €19,119
of which Taxes: +€12,537
- Profit (loss) carried forward +€12,201
up €12,201 (+51.8%), from €23,550 to €35,751
- Gross operating margin -€16,605
down €16,605 (-45.9%), from €36,194 to €19,589
- Taxes -€2,373
down €2,373 (-38.4%), from €6,182 to €3,809
- Depreciation +€1,070
up €1,070 (+45.4%), from €2,359 to €3,429
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 | €56,074 | €66,161 | +€10,086 | +18.0% |
| Formation expenses | 20 | €240 | - | -€240 | |
| Fixed assets | 21/28 | €6,529 | €9,885 | +€3,355 | +51.4% |
| Tangible fixed assets | 22/27 | €6,529 | €9,885 | +€3,355 | +51.4% |
| Plant, machinery and equipment | 23 | - | €4,100 | +€4,100 | |
| Furniture and vehicles | 24 | €6,529 | €5,785 | -€744 | -11.4% |
| Current assets | 29/58 | €49,305 | €56,276 | +€6,971 | +14.1% |
| Amounts receivable within one year | 40/41 | €5,666 | €8,330 | +€2,665 | +47.0% |
| Trade receivables | 40 | €4,973 | €2,893 | -€2,080 | -41.8% |
| Other amounts receivable | 41 | €692 | €5,437 | +€4,745 | +685% |
| Cash at bank and in hand | 54/58 | €32,516 | €47,904 | +€15,388 | +47.3% |
| Deferred charges and accrued income | 490/1 | €11,123 | €42 | -€11,082 | -99.6% |
| Total equity and liabilities | 10/49 | €56,074 | €66,161 | +€10,086 | +18.0% |
| Equity | 10/15 | €26,560 | €38,761 | +€12,201 | +45.9% |
| Contributions | 10/11 | €3,010 | €3,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,550 | €35,751 | +€12,201 | +51.8% |
| Amounts payable | 17/49 | €29,514 | €27,399 | -€2,115 | -7.2% |
| Amounts payable within one year | 42/48 | €29,514 | €27,399 | -€2,115 | -7.2% |
| Trade debts | 44 | €19,176 | €4,280 | -€14,896 | -77.7% |
| Suppliers | 440/4 | €19,176 | €4,280 | -€14,896 | -77.7% |
| Taxes, remuneration and social security | 45 | €6,182 | €19,119 | +€12,937 | +209% |
| Taxes | 450/3 | €6,182 | €18,719 | +€12,537 | +203% |
| Remuneration and social security | 454/9 | - | €400 | +€400 | |
| Other amounts payable | 47/48 | €4,156 | €4,000 | -€156 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,359 | €3,429 | +€1,070 | +45.4% |
| Gross operating margin | 9900 | €36,194 | €19,589 | -€16,605 | -45.9% |
| Operating profit (loss) | 9901 | €33,835 | €16,160 | -€17,675 | -52.2% |
| Financial income | 75/76B | €7 | €0 | -€7 | -97.6% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -97.6% |
| Financial charges | 65/66B | €111 | €150 | +€39 | +35.5% |
| Recurring financial charges | 65 | €111 | €150 | +€39 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | €33,732 | €16,010 | -€17,721 | -52.5% |
| Income taxes | 67/77 | €6,182 | €3,809 | -€2,373 | -38.4% |
| Profit (loss) for the period | 9904 | €27,550 | €12,201 | -€15,348 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,550 | €12,201 | -€15,348 | -55.7% |
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 21 October 2026 via checked.be.