MASO IMMO: 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.
MASO IMMO
Largest movements
- Stocks and contracts -€701,436
down €701,436 (-69.2%), from €1.0m to €312,314
of which Stocks: -€385,952
- Cash +€342,751
up €342,751 (+689.6%), from €49,702 to €392,453
mainly Stocks and contracts (+€701,436) and Net result for the year (+€67,481)
- Receivables within one year +€50,673
up €50,673 (+50.6%), from €100,242 to €150,915
of which Trade receivables: +€64,450
- Advances received -€380,863
no longer reported in 2025 (was €380,863)
- Profit (loss) carried forward +€67,481
up €67,481 (+22.9%), from -€294,954 to -€227,472
- Tax, wage and social debts +€17,733
new in 2025: €17,733
- Trade debts -€11,983
down €11,983 (-17.2%), from €69,689 to €57,706
- Gross operating margin +€139,902
up €139,902, from -€44,226 to €95,677
- Financial charges +€20,691
up €20,691 (+380.9%), from €5,432 to €26,123
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 | €1,166,743 | €855,841 | -€310,901 | -26.6% |
| Current assets | 29/58 | €1,166,743 | €855,841 | -€310,901 | -26.6% |
| Stocks and contracts in progress | 3 | €1,013,750 | €312,314 | -€701,436 | -69.2% |
| Stocks | 30/36 | €698,266 | €312,314 | -€385,952 | -55.3% |
| Contracts in progress | 37 | €315,485 | - | -€315,485 | |
| Amounts receivable within one year | 40/41 | €100,242 | €150,915 | +€50,673 | +50.6% |
| Trade receivables | 40 | €78,465 | €142,915 | +€64,450 | +82.1% |
| Other amounts receivable | 41 | €21,777 | €8,000 | -€13,777 | -63.3% |
| Cash at bank and in hand | 54/58 | €49,702 | €392,453 | +€342,751 | +689.6% |
| Deferred charges and accrued income | 490/1 | €3,049 | €159 | -€2,890 | -94.8% |
| Total equity and liabilities | 10/49 | €1,166,743 | €855,841 | -€310,901 | -26.6% |
| Equity | 10/15 | -€288,754 | -€221,272 | +€67,481 | +23.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€294,954 | -€227,472 | +€67,481 | +22.9% |
| Amounts payable | 17/49 | €1,455,496 | €1,077,114 | -€378,383 | -26.0% |
| Amounts payable within one year | 42/48 | €1,454,467 | €1,076,053 | -€378,414 | -26.0% |
| Trade debts | 44 | €69,689 | €57,706 | -€11,983 | -17.2% |
| Suppliers | 440/4 | €69,689 | €57,706 | -€11,983 | -17.2% |
| Advances received on contracts in progress | 46 | €380,863 | - | -€380,863 | |
| Taxes, remuneration and social security | 45 | - | €17,733 | +€17,733 | |
| Taxes | 450/3 | - | €17,733 | +€17,733 | |
| Other amounts payable | 47/48 | €1,003,915 | €1,000,615 | -€3,300 | -0.3% |
| Accrued charges and deferred income | 492/3 | €1,030 | €1,060 | +€31 | +3.0% |
| Other operating charges | 640/8 | €1,717 | €2,210 | +€493 | +28.7% |
| Gross operating margin | 9900 | -€44,226 | €95,677 | +€139,902 | |
| Operating profit (loss) | 9901 | -€45,943 | €93,467 | +€139,409 | |
| Financial income | 75/76B | €0 | €138 | +€138 | +68750.0% |
| Recurring financial income | 75 | €0 | €138 | +€138 | +68750.0% |
| Financial charges | 65/66B | €5,432 | €26,123 | +€20,691 | +380.9% |
| Recurring financial charges | 65 | €5,432 | €26,123 | +€20,691 | +380.9% |
| Profit (loss) for the period before taxes | 9903 | -€51,374 | €67,481 | +€118,856 | |
| Profit (loss) for the period | 9904 | -€51,374 | €67,481 | +€118,856 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,374 | €67,481 | +€118,856 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.