MASINVEST: 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.
MASINVEST
Largest movements
- Receivables within one year -€211,907
down €211,907 (-24.9%), from €849,453 to €637,546
- Profit (loss) carried forward -€153,539
new in 2008: -€153,539
- Gross operating margin -€17,434
down €17,434 (-99.1%), from €17,596 to €161
- Depreciation -€407
no longer reported in 2008 (was €407)
- Taxes +€346
no longer reported in 2008 (was -€346)
From the 2007 result to the 2008 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 2007 and 2008 balance sheets and the 2008 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2007 | 2008 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,552,023 | €5,358,485 | -€193,539 | -3.5% |
| Fixed assets | 21/28 | €2,761,360 | €2,760,545 | -€815 | 0.0% |
| Tangible fixed assets | 22/27 | €815 | - | -€815 | |
| Financial fixed assets | 28 | €2,760,545 | €2,760,545 | = | 0.0% |
| Current assets | 29/58 | €2,790,663 | €2,597,939 | -€192,724 | -6.9% |
| Amounts receivable within one year | 40/41 | €849,453 | €637,546 | -€211,907 | -24.9% |
| Current investments | 50/53 | €1,928,798 | €1,914,236 | -€14,562 | -0.8% |
| Cash at bank and in hand | 54/58 | €12,412 | €46,157 | +€33,745 | +271.9% |
| Total equity and liabilities | 10/49 | €5,552,023 | €5,358,485 | -€193,539 | -3.5% |
| Equity | 10/15 | €3,968,400 | €3,814,861 | -€153,539 | -3.9% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €3,878,400 | €3,878,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€153,539 | -€153,539 | |
| Amounts payable | 17/49 | €1,583,624 | €1,543,624 | -€40,000 | -2.5% |
| Amounts payable after more than one year | 17 | €745,000 | €745,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €838,624 | €798,624 | -€40,000 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407 | - | -€407 | |
| Gross operating margin | 9900 | €17,596 | €161 | -€17,434 | -99.1% |
| Operating profit (loss) | 9901 | €13,625 | -€13,387 | -€27,012 | |
| Recurring financial income | 75 | €39,168 | €97,731 | +€58,562 | +149.5% |
| Recurring financial charges | 65 | €53,010 | €237,882 | +€184,873 | +348.8% |
| Profit (loss) for the period before taxes | 9903 | -€217 | -€153,539 | -€153,322 | -70753.1% |
| Income taxes | 67/77 | -€346 | - | +€346 | |
| Profit (loss) for the period | 9904 | €129 | -€153,539 | -€153,668 | |
| Profit (loss) for the period to be appropriated | 9905 | €129 | -€153,539 | -€153,668 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2007 and 31 December 2008. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.