MASS-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.
MASS-IMMO
Largest movements
- Cash -€59,449
down €59,449 (-65.0%), from €91,472 to €32,023
mainly Net result for the year (-€32,535) and Contributions, distributions and other (-€24,540)
- Receivables within one year -€6,982
down €6,982 (-73.8%), from €9,464 to €2,482
of which Trade receivables: -€6,982
- Tangible fixed assets +€4,449
up €4,449 (+30.2%), from €14,746 to €19,195
of which Other tangible fixed assets: +€9,167
- Reserves -€57,070
down €57,070 (-64.1%), from €89,030 to €31,960
- Tax, wage and social debts -€12,213
down €12,213 (-69.7%), from €17,535 to €5,321
of which Taxes: -€14,213
- Other debts +€7,635
up €7,635 (+294.4%), from €2,593 to €10,229
- Gross operating margin +€8,386
up €8,386 (+25.7%), from -€32,694 to -€24,307
- Financial income -€846
down €846 (-70.3%), from €1,203 to €357
- Depreciation +€708
up €708 (+13.9%), from €5,084 to €5,791
- Financial charges +€374
up €374 (+29.7%), from €1,262 to €1,636
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 | €117,775 | €56,324 | -€61,451 | -52.2% |
| Fixed assets | 21/28 | €14,746 | €19,195 | +€4,449 | +30.2% |
| Tangible fixed assets | 22/27 | €14,746 | €19,195 | +€4,449 | +30.2% |
| Furniture and vehicles | 24 | €11,126 | €6,408 | -€4,718 | -42.4% |
| Other tangible fixed assets | 26 | €3,620 | €12,787 | +€9,167 | +253.2% |
| Current assets | 29/58 | €103,029 | €37,129 | -€65,900 | -64.0% |
| Amounts receivable within one year | 40/41 | €9,464 | €2,482 | -€6,982 | -73.8% |
| Trade receivables | 40 | €7,353 | €371 | -€6,982 | -95.0% |
| Other amounts receivable | 41 | €2,111 | €2,111 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €91,472 | €32,023 | -€59,449 | -65.0% |
| Deferred charges and accrued income | 490/1 | €2,093 | €2,624 | +€531 | +25.4% |
| Total equity and liabilities | 10/49 | €117,775 | €56,324 | -€61,451 | -52.2% |
| Equity | 10/15 | €92,042 | €34,967 | -€57,075 | -62.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €89,030 | €31,960 | -€57,070 | -64.1% |
| Distributable reserves | 133 | €89,030 | €31,960 | -€57,070 | -64.1% |
| Profit (loss) carried forward | 14 | €12 | €7 | -€5 | -43.8% |
| Amounts payable | 17/49 | €25,734 | €21,358 | -€4,376 | -17.0% |
| Amounts payable within one year | 42/48 | €25,611 | €21,358 | -€4,253 | -16.6% |
| Trade debts | 44 | €5,483 | €5,808 | +€325 | +5.9% |
| Suppliers | 440/4 | €5,483 | €5,808 | +€325 | +5.9% |
| Taxes, remuneration and social security | 45 | €17,535 | €5,321 | -€12,213 | -69.7% |
| Taxes | 450/3 | €17,535 | €3,321 | -€14,213 | -81.1% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €2,593 | €10,229 | +€7,635 | +294.4% |
| Accrued charges and deferred income | 492/3 | €123 | - | -€123 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,084 | €5,791 | +€708 | +13.9% |
| Other operating charges | 640/8 | €986 | €820 | -€166 | -16.9% |
| Gross operating margin | 9900 | -€32,694 | -€24,307 | +€8,386 | +25.7% |
| Operating profit (loss) | 9901 | -€38,764 | -€30,918 | +€7,845 | +20.2% |
| Financial income | 75/76B | €1,203 | €357 | -€846 | -70.3% |
| Recurring financial income | 75 | €1,203 | €357 | -€846 | -70.3% |
| Financial charges | 65/66B | €1,262 | €1,636 | +€374 | +29.7% |
| Recurring financial charges | 65 | €1,262 | €1,636 | +€374 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | -€38,822 | -€32,197 | +€6,625 | +17.1% |
| Income taxes | 67/77 | €250 | €338 | +€88 | +35.1% |
| Profit (loss) for the period | 9904 | -€39,072 | -€32,535 | +€6,537 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,072 | -€32,535 | +€6,537 | +16.7% |
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 7 October 2026 via checked.be.