MASITI: 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.
What changed
MASITI
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€20,548
2024 · -€78,375+€57,827
Equity
€3.8m
2024 · €3.8m-€22,802
Cash
€81,618
2024 · €48,768+€32,850
Balance sheet total
€6.1m
2024 · €6.1m+€2,698
Largest movements
Assets
- Current investments +€269,798
up €269,798 (+27.9%), from €968,161 to €1.2m
- Tangible fixed assets -€156,480
down €156,480 (-7.0%), from €2.2m to €2.1m
of which Land and buildings: -€126,535
- Financial fixed assets -€155,802
down €155,802 (-7.1%), from €2.2m to €2.0m
Equity and liabilities
- Debts after one year -€91,690
down €91,690 (-16.3%), from €563,191 to €471,500
- Other debts +€78,133
up €78,133 (+5.2%), from €1.5m to €1.6m
Income statement
- Gross operating margin +€326,449
up €326,449 (+1574.4%), from €20,735 to €347,184
- Financial income -€53,307
down €53,307 (-46.6%), from €114,329 to €61,022
- Financial charges +€40,477
up €40,477 (+45.8%), from €88,356 to €128,833
- Taxes +€19,516
up €19,516 (+251.7%), from €7,754 to €27,270
- Other operating charges +€12,892
up €12,892 (+158.2%), from €8,152 to €21,044
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.
Result 2024
-€78,375
Gross operating margin
+€326,449
Staff costs
+€170
Depreciation
+€3,255
Other operating charges
-€12,892
Other operating items
-€145,856
Financial income
-€53,307
Financial charges
-€40,477
Taxes
-€19,516
Result 2025
-€20,548
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.
From operations
+€193,235
Investment
-€63,268
Financing
-€97,117
Cash 2024
€48,768
From operations (derived)
+€193,235
Net result for the year
-€20,548
Depreciation
+€105,751
Receivables within one year
-€13,078
Deferred charges and accrued income
+€746
Trade debts
+€818
Tax, wage and social debts
+€1,245
Other debts
+€78,133
Accrued charges and deferred income
+€40,167
Investment (derived)
-€63,268
Investment in fixed assets (net)
+€206,530
Current investments
-€269,798
Financing
-€97,117
Debts after one year
-€91,690
Current portion of long-term debt
-€3,172
Contributions, distributions and other
-€2,254
Cash 2025
€81,618
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,108,828 | €6,111,526 | +€2,698 | 0.0% |
| Fixed assets | 21/28 | €4,413,758 | €4,101,476 | -€312,281 | -7.1% |
| Tangible fixed assets | 22/27 | €2,224,832 | €2,068,353 | -€156,480 | -7.0% |
| Land and buildings | 22 | €2,136,430 | €2,009,895 | -€126,535 | -5.9% |
| Plant, machinery and equipment | 23 | €2,293 | €2,274 | -€19 | -0.8% |
| Furniture and vehicles | 24 | €86,110 | €56,183 | -€29,926 | -34.8% |
| Financial fixed assets | 28 | €2,188,925 | €2,033,124 | -€155,802 | -7.1% |
| Current assets | 29/58 | €1,695,070 | €2,010,050 | +€314,980 | +18.6% |
| Amounts receivable within one year | 40/41 | €643,850 | €656,928 | +€13,078 | +2.0% |
| Trade receivables | 40 | €11,245 | €33,407 | +€22,163 | +197.1% |
| Other amounts receivable | 41 | €632,605 | €623,520 | -€9,084 | -1.4% |
| Current investments | 50/53 | €968,161 | €1,237,958 | +€269,798 | +27.9% |
| Cash at bank and in hand | 54/58 | €48,768 | €81,618 | +€32,850 | +67.4% |
| Deferred charges and accrued income | 490/1 | €34,293 | €33,547 | -€746 | -2.2% |
| Total equity and liabilities | 10/49 | €6,108,828 | €6,111,526 | +€2,698 | 0.0% |
| Equity | 10/15 | €3,834,352 | €3,811,550 | -€22,802 | -0.6% |
| Contributions | 10/11 | €601,643 | €601,643 | = | 0.0% |
| Revaluation surpluses | 12 | €121,067 | €121,067 | = | 0.0% |
| Reserves | 13 | €3,111,643 | €3,088,840 | -€22,802 | -0.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,111,643 | €3,088,840 | -€22,802 | -0.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,274,476 | €2,299,977 | +€25,501 | +1.1% |
| Amounts payable after more than one year | 17 | €563,191 | €471,500 | -€91,690 | -16.3% |
| Financial debts | 170/4 | €563,191 | €471,500 | -€91,690 | -16.3% |
| Amounts payable within one year | 42/48 | €1,630,124 | €1,707,148 | +€77,024 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €94,862 | €91,690 | -€3,172 | -3.3% |
| Trade debts | 44 | €13,210 | €14,027 | +€818 | +6.2% |
| Suppliers | 440/4 | €13,210 | €14,027 | +€818 | +6.2% |
| Taxes, remuneration and social security | 45 | €13,318 | €14,563 | +€1,245 | +9.4% |
| Taxes | 450/3 | €13,318 | €14,563 | +€1,245 | +9.4% |
| Other amounts payable | 47/48 | €1,508,734 | €1,586,867 | +€78,133 | +5.2% |
| Accrued charges and deferred income | 492/3 | €81,161 | €121,329 | +€40,167 | +49.5% |
| Non-recurring operating income | 76A | €15,765 | €0 | -€15,765 | -100.0% |
| Remuneration, social security and pensions | 62 | €170 | €0 | -€170 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,007 | €105,751 | -€3,255 | -3.0% |
| Other operating charges | 640/8 | €8,152 | €21,044 | +€12,892 | +158.2% |
| Non-recurring operating charges | 66A | €0 | €145,856 | +€145,856 | |
| Gross operating margin | 9900 | €20,735 | €347,184 | +€326,449 | +1574.4% |
| Operating profit (loss) | 9901 | -€96,594 | €74,533 | +€171,127 | |
| Financial income | 75/76B | €114,329 | €61,022 | -€53,307 | -46.6% |
| Recurring financial income | 75 | €114,329 | €61,022 | -€53,307 | -46.6% |
| Financial charges | 65/66B | €88,356 | €128,833 | +€40,477 | +45.8% |
| Recurring financial charges | 65 | €88,356 | €128,833 | +€40,477 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | -€70,621 | €6,722 | +€77,343 | |
| Income taxes | 67/77 | €7,754 | €27,270 | +€19,516 | +251.7% |
| Profit (loss) for the period | 9904 | -€78,375 | -€20,548 | +€57,827 | +73.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,375 | -€20,548 | +€57,827 | +73.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.