Masje: 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.
Masje
Largest movements
- Cash +€531,507
up €531,507 (+595.4%), from €89,269 to €620,776
mainly Net result for the year (+€522,412) and Tax, wage and social debts (+€38,097)
- Receivables within one year +€57,277
up €57,277 (+12.4%), from €462,100 to €519,377
of which Other amounts receivable: +€381,277
- Reserves +€522,412
up €522,412 (+103.0%), from €507,261 to €1.0m
- Tax, wage and social debts +€38,097
up €38,097 (+28.2%), from €135,034 to €173,131
of which Taxes: +€38,097
- Other debts +€25,341
up €25,341 (+3894.8%), from €651 to €25,992
- Gross operating margin +€142,338
up €142,338 (+26.6%), from €536,035 to €678,372
- Taxes +€38,416
up €38,416 (+29.7%), from €129,133 to €167,549
- Financial income +€11,469
up €11,469 (+1508.4%), from €760 to €12,229
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 | €648,036 | €1,243,239 | +€595,204 | +91.8% |
| Current assets | 29/58 | €648,036 | €1,243,239 | +€595,204 | +91.8% |
| Amounts receivable after more than one year | 29 | €96,667 | €92,667 | -€4,000 | -4.1% |
| Other amounts receivable | 291 | €96,667 | €92,667 | -€4,000 | -4.1% |
| Amounts receivable within one year | 40/41 | €462,100 | €519,377 | +€57,277 | +12.4% |
| Trade receivables | 40 | €462,100 | €138,100 | -€324,000 | -70.1% |
| Other amounts receivable | 41 | €0 | €381,277 | +€381,277 | |
| Cash at bank and in hand | 54/58 | €89,269 | €620,776 | +€531,507 | +595.4% |
| Deferred charges and accrued income | 490/1 | - | €10,419 | +€10,419 | |
| Total equity and liabilities | 10/49 | €648,036 | €1,243,239 | +€595,204 | +91.8% |
| Equity | 10/15 | €507,461 | €1,029,872 | +€522,412 | +102.9% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €507,261 | €1,029,672 | +€522,412 | +103.0% |
| Distributable reserves | 133 | €507,261 | €1,029,672 | +€522,412 | +103.0% |
| Amounts payable | 17/49 | €140,575 | €213,367 | +€72,792 | +51.8% |
| Amounts payable within one year | 42/48 | €140,575 | €213,367 | +€72,792 | +51.8% |
| Trade debts | 44 | €4,890 | €14,244 | +€9,354 | +191.3% |
| Suppliers | 440/4 | €4,890 | €14,244 | +€9,354 | +191.3% |
| Taxes, remuneration and social security | 45 | €135,034 | €173,131 | +€38,097 | +28.2% |
| Taxes | 450/3 | €135,034 | €173,131 | +€38,097 | +28.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €651 | €25,992 | +€25,341 | +3894.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €539 | €544 | +€4 | +0.8% |
| Gross operating margin | 9900 | €536,035 | €678,372 | +€142,338 | +26.6% |
| Operating profit (loss) | 9901 | €535,495 | €677,828 | +€142,333 | +26.6% |
| Financial income | 75/76B | €760 | €12,229 | +€11,469 | +1508.4% |
| Recurring financial income | 75 | €760 | €12,229 | +€11,469 | +1508.4% |
| Financial charges | 65/66B | €39 | €97 | +€58 | +148.8% |
| Recurring financial charges | 65 | €39 | €97 | +€58 | +148.8% |
| Profit (loss) for the period before taxes | 9903 | €536,217 | €689,961 | +€153,744 | +28.7% |
| Income taxes | 67/77 | €129,133 | €167,549 | +€38,416 | +29.7% |
| Profit (loss) for the period | 9904 | €407,084 | €522,412 | +€115,328 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €407,084 | €522,412 | +€115,328 | +28.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.