MASOMA: 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.
MASOMA
Largest movements
- Receivables within one year -€1.5m
down €1.5m (-18.3%), from €8.4m to €6.9m
of which Other amounts receivable: -€2.0m
- Cash +€1.2m
up €1.2m (+133%), from €904,705 to €2.1m
mainly Receivables within one year (+€1.5m) and Net result for the year (+€929,658)
- Financial fixed assets +€1.1m
up €1.1m (+49.4%), from €2.3m to €3.4m
- Profit (loss) carried forward +€928,825
up €928,825 (+11.0%), from €8.4m to €9.4m
- Other debts -€290,989
down €290,989 (-35.7%), from €816,049 to €525,060
- Tax, wage and social debts +€166,920
up €166,920 (+1,410%), from €11,840 to €178,760
- Gross operating margin +€209,508
up €209,508 (+27.1%), from €772,106 to €981,614
- Financial income -€71,058
down €71,058 (-17.4%), from €408,001 to €336,943
- Taxes +€51,708
up €51,708 (+18.9%), from €274,076 to €325,785
- Other operating charges -€26,755
down €26,755 (-95.1%), from €28,143 to €1,388
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.
Derived cash bridge
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 | €11,689,832 | €12,466,370 | +€776,538 | +6.6% |
| Fixed assets | 21/28 | €2,335,318 | €3,454,826 | +€1.1m | +47.9% |
| Tangible fixed assets | 22/27 | €43,876 | €30,417 | -€13,459 | -30.7% |
| Furniture and vehicles | 24 | €43,876 | €24,930 | -€18,946 | -43.2% |
| Other tangible fixed assets | 26 | - | €5,487 | +€5,487 | |
| Financial fixed assets | 28 | €2,291,442 | €3,424,409 | +€1.1m | +49.4% |
| Current assets | 29/58 | €9,354,514 | €9,011,544 | -€342,970 | -3.7% |
| Amounts receivable within one year | 40/41 | €8,435,413 | €6,888,290 | -€1.5m | -18.3% |
| Trade receivables | 40 | €74,410 | €525,384 | +€450,974 | +606% |
| Other amounts receivable | 41 | €8,361,003 | €6,362,905 | -€2.0m | -23.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €904,705 | €2,108,062 | +€1.2m | +133% |
| Deferred charges and accrued income | 490/1 | €14,396 | €15,192 | +€796 | +5.5% |
| Total equity and liabilities | 10/49 | €11,689,832 | €12,466,370 | +€776,538 | +6.6% |
| Equity | 10/15 | €10,776,589 | €11,705,414 | +€928,825 | +8.6% |
| Contributions | 10/11 | €1,326,800 | €1,326,800 | = | 0.0% |
| Reserves | 13 | €1,023,620 | €1,023,620 | = | 0.0% |
| Distributable reserves | 133 | €1,023,620 | €1,023,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,426,169 | €9,354,994 | +€928,825 | +11.0% |
| Amounts payable | 17/49 | €913,243 | €760,956 | -€152,287 | -16.7% |
| Amounts payable within one year | 42/48 | €860,629 | €711,278 | -€149,351 | -17.4% |
| Trade debts | 44 | €32,740 | €7,458 | -€25,282 | -77.2% |
| Suppliers | 440/4 | €32,740 | €7,458 | -€25,282 | -77.2% |
| Taxes, remuneration and social security | 45 | €11,840 | €178,760 | +€166,920 | +1,410% |
| Taxes | 450/3 | €11,840 | €178,760 | +€166,920 | +1,410% |
| Other amounts payable | 47/48 | €816,049 | €525,060 | -€290,989 | -35.7% |
| Accrued charges and deferred income | 492/3 | €52,614 | €49,678 | -€2,936 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,417 | €19,112 | -€305 | -1.6% |
| Other operating charges | 640/8 | €28,143 | €1,388 | -€26,755 | -95.1% |
| Gross operating margin | 9900 | €772,106 | €981,614 | +€209,508 | +27.1% |
| Operating profit (loss) | 9901 | €724,546 | €961,114 | +€236,568 | +32.7% |
| Financial income | 75/76B | €408,001 | €336,943 | -€71,058 | -17.4% |
| Recurring financial income | 75 | €408,001 | €336,943 | -€71,058 | -17.4% |
| Financial charges | 65/66B | €45,023 | €42,614 | -€2,408 | -5.3% |
| Recurring financial charges | 65 | €45,023 | €42,614 | -€2,408 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €1,087,524 | €1,255,443 | +€167,918 | +15.4% |
| Income taxes | 67/77 | €274,076 | €325,785 | +€51,708 | +18.9% |
| Profit (loss) for the period | 9904 | €813,448 | €929,658 | +€116,210 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €813,448 | €929,658 | +€116,210 | +14.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.