MASILY: 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.
MASILY
Largest movements
- Tangible fixed assets +€5,065
up €5,065 (+118.9%), from €4,259 to €9,324
- Receivables within one year -€2,519
down €2,519 (-49.8%), from €5,060 to €2,541
of which Other amounts receivable: -€3,245
- Cash -€2,236
down €2,236 (-95.6%), from €2,339 to €103
mainly Net result for the year (-€45,714) and Investment in fixed assets (net) (-€8,249)
- Deferred charges and accrued income -€1,094
down €1,094 (-35.7%), from €3,066 to €1,972
- Profit (loss) carried forward -€45,714
down €45,714 (-11.0%), from -€416,575 to -€462,289
- Other debts +€31,104
up €31,104 (+9.3%), from €335,011 to €366,116
- Trade debts +€13,289
up €13,289 (+1532.5%), from €867 to €14,156
- Tax, wage and social debts +€2,033
up €2,033 (+625.8%), from €325 to €2,358
- Accrued charges and deferred income -€1,496
no longer reported in 2025 (was €1,496)
- Gross operating margin +€17,771
up €17,771 (+30.2%), from -€58,920 to -€41,149
- Depreciation -€2,275
down €2,275 (-41.7%), from €5,459 to €3,185
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 | €14,724 | €13,940 | -€784 | -5.3% |
| Fixed assets | 21/28 | €4,259 | €9,324 | +€5,065 | +118.9% |
| Tangible fixed assets | 22/27 | €4,259 | €9,324 | +€5,065 | +118.9% |
| Furniture and vehicles | 24 | €4,259 | €9,324 | +€5,065 | +118.9% |
| Current assets | 29/58 | €10,465 | €4,616 | -€5,849 | -55.9% |
| Amounts receivable within one year | 40/41 | €5,060 | €2,541 | -€2,519 | -49.8% |
| Trade receivables | 40 | €1,815 | €2,541 | +€726 | +40.0% |
| Other amounts receivable | 41 | €3,245 | - | -€3,245 | |
| Cash at bank and in hand | 54/58 | €2,339 | €103 | -€2,236 | -95.6% |
| Deferred charges and accrued income | 490/1 | €3,066 | €1,972 | -€1,094 | -35.7% |
| Total equity and liabilities | 10/49 | €14,724 | €13,940 | -€784 | -5.3% |
| Equity | 10/15 | -€397,975 | -€443,689 | -€45,714 | -11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€416,575 | -€462,289 | -€45,714 | -11.0% |
| Amounts payable | 17/49 | €412,699 | €457,629 | +€44,930 | +10.9% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €336,203 | €382,629 | +€46,426 | +13.8% |
| Trade debts | 44 | €867 | €14,156 | +€13,289 | +1532.5% |
| Suppliers | 440/4 | €867 | €14,156 | +€13,289 | +1532.5% |
| Taxes, remuneration and social security | 45 | €325 | €2,358 | +€2,033 | +625.8% |
| Taxes | 450/3 | €325 | €2,358 | +€2,033 | +625.8% |
| Other amounts payable | 47/48 | €335,011 | €366,116 | +€31,104 | +9.3% |
| Accrued charges and deferred income | 492/3 | €1,496 | - | -€1,496 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,459 | €3,185 | -€2,275 | -41.7% |
| Other operating charges | 640/8 | €1,192 | €1,056 | -€136 | -11.4% |
| Gross operating margin | 9900 | -€58,920 | -€41,149 | +€17,771 | +30.2% |
| Operating profit (loss) | 9901 | -€65,572 | -€45,390 | +€20,182 | +30.8% |
| Financial charges | 65/66B | €31 | €162 | +€131 | +426.6% |
| Recurring financial charges | 65 | €31 | €162 | +€131 | +426.6% |
| Profit (loss) for the period before taxes | 9903 | -€65,602 | -€45,551 | +€20,051 | +30.6% |
| Income taxes | 67/77 | €156 | €163 | +€7 | +4.5% |
| Profit (loss) for the period | 9904 | -€65,758 | -€45,714 | +€20,044 | +30.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,758 | -€45,714 | +€20,044 | +30.5% |
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 11 October 2026 via checked.be.