MASITERE: 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.
MASITERE
Largest movements
- Receivables within one year +€41,676
up €41,676 (+1425.6%), from €2,923 to €44,600
of which Trade receivables: +€31,073
- Tangible fixed assets -€1,850
down €1,850 (-31.6%), from €5,857 to €4,008
of which Furniture and vehicles: -€1,350
- Cash +€963
up €963 (+19.0%), from €5,058 to €6,021
mainly Net result for the year (+€35,767) and Tax, wage and social debts (+€11,381)
- Intangible fixed assets -€549
no longer reported in 2025 (was €549)
- Profit (loss) carried forward +€35,767
up €35,767, from -€24,458 to €11,309
- Tax, wage and social debts +€11,381
up €11,381 (+1449.1%), from €785 to €12,167
of which Taxes: +€7,381
- Trade debts -€6,908
down €6,908 (-92.1%), from €7,501 to €594
- Gross operating margin +€53,688
up €53,688, from -€6,007 to €47,680
- Taxes +€8,023
up €8,023 (+1559.4%), from €514 to €8,537
- Depreciation -€3,189
down €3,189 (-50.2%), from €6,359 to €3,170
- Staff costs -€960
no longer reported in 2025 (was €960)
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 | €14,568 | €54,808 | +€40,241 | +276.2% |
| Fixed assets | 21/28 | €6,586 | €4,188 | -€2,398 | -36.4% |
| Intangible fixed assets | 21 | €549 | - | -€549 | |
| Tangible fixed assets | 22/27 | €5,857 | €4,008 | -€1,850 | -31.6% |
| Land and buildings | 22 | €3,427 | €2,927 | -€500 | -14.6% |
| Furniture and vehicles | 24 | €2,430 | €1,080 | -€1,350 | -55.5% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €7,982 | €50,621 | +€42,639 | +534.2% |
| Amounts receivable within one year | 40/41 | €2,923 | €44,600 | +€41,676 | +1425.6% |
| Trade receivables | 40 | - | €31,073 | +€31,073 | |
| Other amounts receivable | 41 | €2,923 | €13,527 | +€10,603 | +362.7% |
| Cash at bank and in hand | 54/58 | €5,058 | €6,021 | +€963 | +19.0% |
| Total equity and liabilities | 10/49 | €14,568 | €54,808 | +€40,241 | +276.2% |
| Equity | 10/15 | €6,042 | €41,809 | +€35,767 | +592.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,458 | €11,309 | +€35,767 | |
| Amounts payable | 17/49 | €8,526 | €13,000 | +€4,474 | +52.5% |
| Amounts payable within one year | 42/48 | €8,526 | €13,000 | +€4,474 | +52.5% |
| Trade debts | 44 | €7,501 | €594 | -€6,908 | -92.1% |
| Suppliers | 440/4 | €7,501 | €594 | -€6,908 | -92.1% |
| Taxes, remuneration and social security | 45 | €785 | €12,167 | +€11,381 | +1449.1% |
| Taxes | 450/3 | €785 | €8,167 | +€7,381 | +939.8% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €239 | €239 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €960 | - | -€960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,359 | €3,170 | -€3,189 | -50.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€6,007 | €47,680 | +€53,688 | |
| Operating profit (loss) | 9901 | -€13,714 | €44,111 | +€57,825 | |
| Financial income | 75/76B | €171 | €445 | +€275 | +160.9% |
| Recurring financial income | 75 | €171 | €445 | +€275 | +160.9% |
| Financial charges | 65/66B | €447 | €253 | -€194 | -43.5% |
| Recurring financial charges | 65 | €447 | €253 | -€194 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,990 | €44,304 | +€58,294 | |
| Income taxes | 67/77 | €514 | €8,537 | +€8,023 | +1559.4% |
| Profit (loss) for the period | 9904 | -€14,504 | €35,767 | +€50,271 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,504 | €35,767 | +€50,271 |
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 6 October 2026 via checked.be.