MASIMMO: 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.
MASIMMO
Largest movements
- Stocks and contracts +€1.1m
up €1.1m (+110.4%), from €986,322 to €2.1m
- Receivables within one year -€111,348
down €111,348 (-19.5%), from €570,745 to €459,397
of which Other amounts receivable: -€111,178
- Debts after one year +€844,460
up €844,460 (+184.9%), from €456,762 to €1.3m
- Reserves +€149,970
up €149,970 (+11.2%), from €1.3m to €1.5m
of which Distributable reserves: +€149,970
- Financial charges -€61,820
down €61,820 (-34.3%), from €180,271 to €118,451
- Other operating charges +€55,138
up €55,138 (+152.3%), from €36,212 to €91,350
- Taxes -€40,276
down €40,276 (-85.5%), from €47,108 to €6,832
- Gross operating margin +€40,260
up €40,260 (+13.2%), from €305,638 to €345,898
- Financial income -€37,573
down €37,573 (-52.8%), from €71,169 to €33,597
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 | €2,068,929 | €3,039,150 | +€970,222 | +46.9% |
| Fixed assets | 21/28 | €470,298 | €457,407 | -€12,891 | -2.7% |
| Tangible fixed assets | 22/27 | €466,282 | €453,391 | -€12,891 | -2.8% |
| Land and buildings | 22 | €466,282 | €453,391 | -€12,891 | -2.8% |
| Financial fixed assets | 28 | €4,016 | €4,016 | = | 0.0% |
| Current assets | 29/58 | €1,598,630 | €2,581,743 | +€983,113 | +61.5% |
| Stocks and contracts in progress | 3 | €986,322 | €2,075,034 | +€1.1m | +110.4% |
| Stocks | 30/36 | €986,322 | €2,075,034 | +€1.1m | +110.4% |
| Amounts receivable within one year | 40/41 | €570,745 | €459,397 | -€111,348 | -19.5% |
| Trade receivables | 40 | €2,265 | €2,095 | -€170 | -7.5% |
| Other amounts receivable | 41 | €568,480 | €457,302 | -€111,178 | -19.6% |
| Cash at bank and in hand | 54/58 | €38,663 | €22,313 | -€16,351 | -42.3% |
| Deferred charges and accrued income | 490/1 | €2,900 | €25,000 | +€22,100 | +762.1% |
| Total equity and liabilities | 10/49 | €2,068,929 | €3,039,150 | +€970,222 | +46.9% |
| Equity | 10/15 | €1,461,457 | €1,611,427 | +€149,970 | +10.3% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €1,337,511 | €1,487,481 | +€149,970 | +11.2% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €1,325,116 | €1,475,086 | +€149,970 | +11.3% |
| Amounts payable | 17/49 | €607,471 | €1,427,723 | +€820,252 | +135.0% |
| Amounts payable after more than one year | 17 | €456,762 | €1,301,222 | +€844,460 | +184.9% |
| Financial debts | 170/4 | €456,762 | €1,301,222 | +€844,460 | +184.9% |
| Amounts payable within one year | 42/48 | €150,709 | €108,219 | -€42,490 | -28.2% |
| Trade debts | 44 | €86,820 | €71,128 | -€15,692 | -18.1% |
| Suppliers | 440/4 | €86,820 | €71,128 | -€15,692 | -18.1% |
| Taxes, remuneration and social security | 45 | €63,889 | €37,091 | -€26,798 | -41.9% |
| Taxes | 450/3 | €63,889 | €37,091 | -€26,798 | -41.9% |
| Accrued charges and deferred income | 492/3 | - | €18,281 | +€18,281 | |
| Non-recurring operating income | 76A | - | €135,670 | +€135,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,036 | €12,891 | +€3,856 | +42.7% |
| Other operating charges | 640/8 | €36,212 | €91,350 | +€55,138 | +152.3% |
| Non-recurring operating charges | 66A | €12,472 | - | -€12,472 | |
| Gross operating margin | 9900 | €305,638 | €345,898 | +€40,260 | +13.2% |
| Operating profit (loss) | 9901 | €247,918 | €241,657 | -€6,262 | -2.5% |
| Financial income | 75/76B | €71,169 | €33,597 | -€37,573 | -52.8% |
| Recurring financial income | 75 | €71,169 | €33,597 | -€37,573 | -52.8% |
| Financial charges | 65/66B | €180,271 | €118,451 | -€61,820 | -34.3% |
| Recurring financial charges | 65 | €180,271 | €118,451 | -€61,820 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €138,817 | €156,802 | +€17,985 | +13.0% |
| Income taxes | 67/77 | €47,108 | €6,832 | -€40,276 | -85.5% |
| Profit (loss) for the period | 9904 | €91,709 | €149,970 | +€58,261 | +63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €91,709 | €149,970 | +€58,261 | +63.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.