MASELA: 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.
MASELA
Largest movements
- Cash +€5,533
up €5,533 (+526.0%), from €1,052 to €6,585
mainly Trade debts (+€3,147) and Net result for the year (+€1,529)
- Tangible fixed assets +€1,069
up €1,069 (+23.6%), from €4,520 to €5,588
of which Other tangible fixed assets: +€1,371
- Trade debts +€3,147
up €3,147 (+39.4%), from €7,989 to €11,136
- Profit (loss) carried forward +€1,529
up €1,529 (+154.2%), from €992 to €2,521
- Other debts +€1,161
up €1,161 (+3.9%), from €29,908 to €31,069
- Gross operating margin +€3,870
up €3,870 (+10.5%), from €36,826 to €40,696
- Financial income -€2,900
no longer reported in 2024 (was €2,900)
of which Non-recurring financial income: -€2,900
- Staff costs +€992
up €992 (+2.8%), from €35,069 to €36,060
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 | €49,920 | €56,316 | +€6,396 | +12.8% |
| Fixed assets | 21/28 | €11,054 | €12,122 | +€1,069 | +9.7% |
| Tangible fixed assets | 22/27 | €4,520 | €5,588 | +€1,069 | +23.6% |
| Plant, machinery and equipment | 23 | €1,486 | €1,184 | -€302 | -20.3% |
| Other tangible fixed assets | 26 | €3,033 | €4,404 | +€1,371 | +45.2% |
| Financial fixed assets | 28 | €6,534 | €6,534 | = | 0.0% |
| Current assets | 29/58 | €38,867 | €44,194 | +€5,327 | +13.7% |
| Stocks and contracts in progress | 3 | €402 | €347 | -€55 | -13.6% |
| Stocks | 30/36 | €402 | €347 | -€55 | -13.6% |
| Amounts receivable within one year | 40/41 | €37,018 | €37,263 | +€245 | +0.7% |
| Other amounts receivable | 41 | €37,018 | €37,263 | +€245 | +0.7% |
| Cash at bank and in hand | 54/58 | €1,052 | €6,585 | +€5,533 | +526.0% |
| Deferred charges and accrued income | 490/1 | €396 | - | -€396 | |
| Total equity and liabilities | 10/49 | €49,920 | €56,316 | +€6,396 | +12.8% |
| Equity | 10/15 | €7,192 | €8,721 | +€1,529 | +21.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €992 | €2,521 | +€1,529 | +154.2% |
| Amounts payable | 17/49 | €42,729 | €47,596 | +€4,867 | +11.4% |
| Amounts payable within one year | 42/48 | €42,729 | €47,596 | +€4,867 | +11.4% |
| Trade debts | 44 | €7,989 | €11,136 | +€3,147 | +39.4% |
| Suppliers | 440/4 | €7,989 | €11,136 | +€3,147 | +39.4% |
| Taxes, remuneration and social security | 45 | €4,832 | €5,391 | +€559 | +11.6% |
| Remuneration and social security | 454/9 | €4,832 | €5,391 | +€559 | +11.6% |
| Other amounts payable | 47/48 | €29,908 | €31,069 | +€1,161 | +3.9% |
| Remuneration, social security and pensions | 62 | €35,069 | €36,060 | +€992 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €652 | €681 | +€29 | +4.5% |
| Other operating charges | 640/8 | €848 | €887 | +€39 | +4.6% |
| Gross operating margin | 9900 | €36,826 | €40,696 | +€3,870 | +10.5% |
| Operating profit (loss) | 9901 | €257 | €3,067 | +€2,810 | +1093.0% |
| Financial income | 75/76B | €2,900 | - | -€2,900 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €2,900 | - | -€2,900 | |
| Financial charges | 65/66B | €1,199 | €1,538 | +€339 | +28.3% |
| Recurring financial charges | 65 | €1,199 | €1,538 | +€339 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €1,958 | €1,529 | -€429 | -21.9% |
| Profit (loss) for the period | 9904 | €1,958 | €1,529 | -€429 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,958 | €1,529 | -€429 | -21.9% |
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 8 October 2026 via checked.be.