MASRO SOLUTIONS: 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.
MASRO SOLUTIONS
Largest movements
- Cash -€7,119
down €7,119 (-22.7%), from €31,363 to €24,244
mainly Trade debts (-€5,133) and Net result for the year (-€4,386)
- Receivables within one year -€2,872
down €2,872 (-15.2%), from €18,907 to €16,035
of which Other amounts receivable: -€4,240
- Trade debts -€5,133
down €5,133 (-87.7%), from €5,851 to €718
- Profit (loss) carried forward -€4,386
down €4,386 (-16.2%), from €27,126 to €22,740
- Gross operating margin -€5,753
down €5,753 (-16.2%), from €35,523 to €29,770
- Other operating charges -€3,207
down €3,207 (-8.8%), from €36,372 to €33,165
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 | €51,841 | €42,347 | -€9,494 | -18.3% |
| Fixed assets | 21/28 | €1,568 | €1,933 | +€365 | +23.3% |
| Tangible fixed assets | 22/27 | €1,568 | €1,933 | +€365 | +23.3% |
| Furniture and vehicles | 24 | €1,568 | €1,933 | +€365 | +23.3% |
| Current assets | 29/58 | €50,274 | €40,414 | -€9,859 | -19.6% |
| Amounts receivable within one year | 40/41 | €18,907 | €16,035 | -€2,872 | -15.2% |
| Trade receivables | 40 | €8,244 | €9,612 | +€1,368 | +16.6% |
| Other amounts receivable | 41 | €10,663 | €6,423 | -€4,240 | -39.8% |
| Cash at bank and in hand | 54/58 | €31,363 | €24,244 | -€7,119 | -22.7% |
| Deferred charges and accrued income | 490/1 | €3 | €135 | +€132 | +4415.1% |
| Total equity and liabilities | 10/49 | €51,841 | €42,347 | -€9,494 | -18.3% |
| Equity | 10/15 | €34,086 | €29,700 | -€4,386 | -12.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €960 | €960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €960 | €960 | = | 0.0% |
| Reserves not available under the articles | 1311 | €960 | €960 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,126 | €22,740 | -€4,386 | -16.2% |
| Amounts payable | 17/49 | €17,755 | €12,648 | -€5,108 | -28.8% |
| Amounts payable within one year | 42/48 | €17,755 | €12,648 | -€5,108 | -28.8% |
| Trade debts | 44 | €5,851 | €718 | -€5,133 | -87.7% |
| Suppliers | 440/4 | €5,851 | €718 | -€5,133 | -87.7% |
| Taxes, remuneration and social security | 45 | €11,904 | €11,930 | +€26 | +0.2% |
| Taxes | 450/3 | €7,993 | €7,997 | +€5 | +0.1% |
| Remuneration and social security | 454/9 | €3,912 | €3,933 | +€21 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €983 | €856 | -€127 | -12.9% |
| Other operating charges | 640/8 | €36,372 | €33,165 | -€3,207 | -8.8% |
| Gross operating margin | 9900 | €35,523 | €29,770 | -€5,753 | -16.2% |
| Operating profit (loss) | 9901 | -€1,832 | -€4,251 | -€2,419 | -132.0% |
| Financial income | 75/76B | €15 | €10 | -€6 | -36.4% |
| Recurring financial income | 75 | €15 | €10 | -€6 | -36.4% |
| Financial charges | 65/66B | €165 | €145 | -€20 | -12.1% |
| Recurring financial charges | 65 | €165 | €145 | -€20 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,982 | -€4,386 | -€2,404 | -121.3% |
| Profit (loss) for the period | 9904 | -€1,982 | -€4,386 | -€2,404 | -121.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,982 | -€4,386 | -€2,404 | -121.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.