MASHA: 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.
MASHA
Largest movements
- Receivables within one year -€8,415
down €8,415 (-21.9%), from €38,485 to €30,070
of which Other amounts receivable: -€10,239
- Contributions -€10,000
down €10,000 (-87.4%), from €11,440 to €1,440
- Trade debts +€1,640
new in 2025: €1,640
- Turnover -€41,293
no longer reported in 2025 (was €41,293)
- Purchases and services -€32,400
no longer reported in 2025 (was €32,400)
- Gross operating margin -€9,557
down €9,557 (-94.1%), from €10,153 to €595
- Financial income -€1,877
no longer reported in 2025 (was €1,877)
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.
Cash bridge derived
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 | €38,765 | €30,408 | -€8,358 | -21.6% |
| Fixed assets | 21/28 | €200 | €200 | = | 0.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €38,565 | €30,208 | -€8,358 | -21.7% |
| Amounts receivable within one year | 40/41 | €38,485 | €30,070 | -€8,415 | -21.9% |
| Trade receivables | 40 | €5,000 | €6,824 | +€1,824 | +36.5% |
| Other amounts receivable | 41 | €33,485 | €23,246 | -€10,239 | -30.6% |
| Cash at bank and in hand | 54/58 | €81 | €137 | +€57 | +70.7% |
| Total equity and liabilities | 10/49 | €38,765 | €30,408 | -€8,358 | -21.6% |
| Equity | 10/15 | €38,765 | €28,767 | -€9,998 | -25.8% |
| Contributions | 10/11 | €11,440 | €1,440 | -€10,000 | -87.4% |
| Reserves | 13 | €140 | €140 | = | 0.0% |
| Non-distributable reserves | 130/1 | €140 | €140 | = | 0.0% |
| Reserves not available under the articles | 1311 | €140 | €140 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,186 | €27,188 | +€2 | 0.0% |
| Amounts payable | 17/49 | - | €1,640 | +€1,640 | |
| Amounts payable within one year | 42/48 | - | €1,640 | +€1,640 | |
| Trade debts | 44 | - | €1,640 | +€1,640 | |
| Suppliers | 440/4 | - | €1,640 | +€1,640 | |
| Turnover | 70 | €41,293 | - | -€41,293 | |
| Goods, raw materials, services and sundry goods | 60/61 | €32,400 | - | -€32,400 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €10,153 | €595 | -€9,557 | -94.1% |
| Operating profit (loss) | 9901 | €9,765 | €196 | -€9,570 | -98.0% |
| Financial income | 75/76B | €1,877 | - | -€1,877 | |
| Recurring financial income | 75 | €1,877 | - | -€1,877 | |
| Financial charges | 65/66B | €145 | €194 | +€48 | +33.3% |
| Recurring financial charges | 65 | €145 | €194 | +€48 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €11,497 | €2 | -€11,495 | -100.0% |
| Profit (loss) for the period | 9904 | €11,497 | €2 | -€11,495 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,497 | €2 | -€11,495 | -100.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.