MASIVOTECH: 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.
MASIVOTECH
Largest movements
- Cash +€27,041
up €27,041 (+658.2%), from €4,109 to €31,149
mainly Net result for the year (+€55,703) and Depreciation (+€10,865)
- Receivables within one year +€11,224
up €11,224 (+1108.5%), from €1,013 to €12,236
of which Trade receivables: +€10,608
- Tangible fixed assets +€5,237
up €5,237 (+12.4%), from €42,238 to €47,475
of which Land and buildings: +€14,502
- Reserves +€55,703
up €55,703 (+346.4%), from €16,079 to €71,782
- Other debts -€20,892
down €20,892 (-95.1%), from €21,964 to €1,072
- Tax, wage and social debts +€7,878
up €7,878 (+164.3%), from €4,796 to €12,675
- Gross operating margin +€50,996
up €50,996 (+165.9%), from €30,744 to €81,739
- Taxes +€10,097
up €10,097 (+210.5%), from €4,796 to €14,893
- Depreciation +€1,253
up €1,253 (+13.0%), from €9,612 to €10,865
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,541 | €90,860 | +€43,319 | +91.1% |
| Fixed assets | 21/28 | €42,238 | €47,475 | +€5,237 | +12.4% |
| Tangible fixed assets | 22/27 | €42,238 | €47,475 | +€5,237 | +12.4% |
| Land and buildings | 22 | - | €14,502 | +€14,502 | |
| Plant, machinery and equipment | 23 | - | €1,324 | +€1,324 | |
| Furniture and vehicles | 24 | €42,238 | €31,648 | -€10,590 | -25.1% |
| Current assets | 29/58 | €5,303 | €43,385 | +€38,083 | +718.2% |
| Amounts receivable within one year | 40/41 | €1,013 | €12,236 | +€11,224 | +1108.5% |
| Trade receivables | 40 | - | €10,608 | +€10,608 | |
| Other amounts receivable | 41 | €1,013 | €1,628 | +€616 | +60.8% |
| Cash at bank and in hand | 54/58 | €4,109 | €31,149 | +€27,041 | +658.2% |
| Deferred charges and accrued income | 490/1 | €182 | €0 | -€182 | -100.0% |
| Total equity and liabilities | 10/49 | €47,541 | €90,860 | +€43,319 | +91.1% |
| Equity | 10/15 | €20,579 | €76,282 | +€55,703 | +270.7% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €16,079 | €71,782 | +€55,703 | +346.4% |
| Distributable reserves | 133 | €16,079 | €71,782 | +€55,703 | +346.4% |
| Amounts payable | 17/49 | €26,962 | €14,578 | -€12,383 | -45.9% |
| Amounts payable within one year | 42/48 | €26,901 | €14,578 | -€12,322 | -45.8% |
| Trade debts | 44 | €141 | €832 | +€691 | +490.2% |
| Suppliers | 440/4 | €141 | €832 | +€691 | +490.2% |
| Taxes, remuneration and social security | 45 | €4,796 | €12,675 | +€7,878 | +164.3% |
| Taxes | 450/3 | €4,796 | €12,675 | +€7,878 | +164.3% |
| Other amounts payable | 47/48 | €21,964 | €1,072 | -€20,892 | -95.1% |
| Accrued charges and deferred income | 492/3 | €61 | €0 | -€61 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,612 | €10,865 | +€1,253 | +13.0% |
| Other operating charges | 640/8 | €159 | €143 | -€16 | -10.0% |
| Gross operating margin | 9900 | €30,744 | €81,739 | +€50,996 | +165.9% |
| Operating profit (loss) | 9901 | €20,973 | €70,732 | +€49,759 | +237.3% |
| Financial charges | 65/66B | €97 | €136 | +€38 | +39.1% |
| Recurring financial charges | 65 | €97 | €136 | +€38 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €20,875 | €70,596 | +€49,721 | +238.2% |
| Income taxes | 67/77 | €4,796 | €14,893 | +€10,097 | +210.5% |
| Profit (loss) for the period | 9904 | €16,079 | €55,703 | +€39,624 | +246.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,079 | €55,703 | +€39,624 | +246.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.