MASICO: 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.
MASICO
Largest movements
- Current investments +€171,000
up €171,000 (+22.1%), from €773,089 to €944,089
- Cash +€41,185
up €41,185 (+7.5%), from €551,874 to €593,059
mainly Other debts (+€473,520) and Net result for the year (+€177,146)
- Receivables within one year -€29,128
down €29,128 (-76.1%), from €38,265 to €9,137
- Other debts +€473,520
up €473,520 (+288257.1%), from €164 to €473,684
- Reserves -€296,538
down €296,538 (-21.1%), from €1.4m to €1.1m
- Financial charges -€68,799
down €68,799 (-52.2%), from €131,919 to €63,120
- Gross operating margin +€53,118
up €53,118 (+20.5%), from €259,032 to €312,150
- Financial income -€39,041
down €39,041 (-81.6%), from €47,848 to €8,807
- Taxes +€27,772
up €27,772 (+55.6%), from €49,934 to €77,706
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 | €1,420,679 | €1,597,175 | +€176,496 | +12.4% |
| Fixed assets | 21/28 | €1,969 | €1,703 | -€266 | -13.5% |
| Tangible fixed assets | 22/27 | €1,969 | €1,703 | -€266 | -13.5% |
| Furniture and vehicles | 24 | €1,969 | €1,703 | -€266 | -13.5% |
| Current assets | 29/58 | €1,418,710 | €1,595,472 | +€176,763 | +12.5% |
| Amounts receivable within one year | 40/41 | €38,265 | €9,137 | -€29,128 | -76.1% |
| Other amounts receivable | 41 | €38,265 | €9,137 | -€29,128 | -76.1% |
| Current investments | 50/53 | €773,089 | €944,089 | +€171,000 | +22.1% |
| Cash at bank and in hand | 54/58 | €551,874 | €593,059 | +€41,185 | +7.5% |
| Deferred charges and accrued income | 490/1 | €55,481 | €49,187 | -€6,294 | -11.3% |
| Total equity and liabilities | 10/49 | €1,420,679 | €1,597,175 | +€176,496 | +12.4% |
| Equity | 10/15 | €1,414,972 | €1,118,434 | -€296,538 | -21.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,402,572 | €1,106,034 | -€296,538 | -21.1% |
| Distributable reserves | 133 | €1,402,572 | €1,106,034 | -€296,538 | -21.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €5,707 | €478,741 | +€473,034 | +8289.3% |
| Amounts payable within one year | 42/48 | €4,739 | €477,684 | +€472,945 | +9979.8% |
| Trade debts | 44 | €575 | €0 | -€575 | -100.0% |
| Suppliers | 440/4 | €575 | €0 | -€575 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,000 | €4,000 | = | 0.0% |
| Taxes | 450/3 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €164 | €473,684 | +€473,520 | +288257.1% |
| Accrued charges and deferred income | 492/3 | €968 | €1,056 | +€89 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €766 | €829 | +€63 | +8.2% |
| Other operating charges | 640/8 | €2,183 | €2,155 | -€28 | -1.3% |
| Gross operating margin | 9900 | €259,032 | €312,150 | +€53,118 | +20.5% |
| Operating profit (loss) | 9901 | €256,083 | €309,166 | +€53,083 | +20.7% |
| Financial income | 75/76B | €47,848 | €8,807 | -€39,041 | -81.6% |
| Recurring financial income | 75 | €47,848 | €8,807 | -€39,041 | -81.6% |
| Financial charges | 65/66B | €131,919 | €63,120 | -€68,799 | -52.2% |
| Recurring financial charges | 65 | €131,919 | €63,120 | -€68,799 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | €172,012 | €254,852 | +€82,840 | +48.2% |
| Income taxes | 67/77 | €49,934 | €77,706 | +€27,772 | +55.6% |
| Profit (loss) for the period | 9904 | €122,078 | €177,146 | +€55,069 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €122,078 | €177,146 | +€55,069 | +45.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.