MASS LEE: 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.
MASS LEE
Largest movements
- Current investments -€17,369
down €17,369 (-57.7%), from €30,079 to €12,711
- Receivables within one year +€14,120
up €14,120 (+37,021%), from €38 to €14,158
of which Trade receivables: +€14,158
- Stocks and contracts +€11,772
up €11,772 (+59.8%), from €19,679 to €31,451
- Cash -€3,272
down €3,272 (-78.7%), from €4,158 to €886
mainly Receivables within one year (-€14,120) and Stocks and contracts (-€11,772)
- Tangible fixed assets +€811
up €811 (+16.7%), from €4,865 to €5,676
- Profit (loss) carried forward +€7,363
up €7,363 (+31.2%), from €23,616 to €30,979
- Tax, wage and social debts -€3,608
down €3,608 (-32.7%), from €11,046 to €7,438
- Trade debts +€1,567
up €1,567 (+74.3%), from €2,109 to €3,675
- Other debts +€701
up €701 (+5.1%), from €13,867 to €14,568
- Gross operating margin -€7,573
down €7,573 (-37.7%), from €20,068 to €12,495
- Other operating charges -€4,485
down €4,485 (-89.6%), from €5,005 to €520
- Taxes -€1,000
down €1,000 (-31.1%), from €3,215 to €2,215
- Financial income -€742
down €742 (-81.7%), from €908 to €166
- Depreciation +€415
up €415 (+35.6%), from €1,164 to €1,578
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 | €63,770 | €70,088 | +€6,318 | +9.9% |
| Fixed assets | 21/28 | €9,815 | €10,626 | +€811 | +8.3% |
| Tangible fixed assets | 22/27 | €4,865 | €5,676 | +€811 | +16.7% |
| Furniture and vehicles | 24 | €4,865 | €5,676 | +€811 | +16.7% |
| Financial fixed assets | 28 | €4,950 | €4,950 | = | 0.0% |
| Current assets | 29/58 | €53,955 | €59,462 | +€5,507 | +10.2% |
| Stocks and contracts in progress | 3 | €19,679 | €31,451 | +€11,772 | +59.8% |
| Stocks | 30/36 | €19,679 | €31,451 | +€11,772 | +59.8% |
| Amounts receivable within one year | 40/41 | €38 | €14,158 | +€14,120 | +37,021% |
| Trade receivables | 40 | €0 | €14,158 | +€14,158 | |
| Other amounts receivable | 41 | €38 | €0 | -€38 | -100% |
| Current investments | 50/53 | €30,079 | €12,711 | -€17,369 | -57.7% |
| Cash at bank and in hand | 54/58 | €4,158 | €886 | -€3,272 | -78.7% |
| Deferred charges and accrued income | 490/1 | - | €256 | +€256 | |
| Total equity and liabilities | 10/49 | €63,770 | €70,088 | +€6,318 | +9.9% |
| Equity | 10/15 | €36,545 | €43,907 | +€7,363 | +20.1% |
| Contributions | 10/11 | €2,010 | €2,010 | = | 0.0% |
| Reserves | 13 | €10,919 | €10,919 | = | 0.0% |
| Distributable reserves | 133 | €10,919 | €10,919 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,616 | €30,979 | +€7,363 | +31.2% |
| Amounts payable | 17/49 | €27,225 | €26,180 | -€1,045 | -3.8% |
| Amounts payable within one year | 42/48 | €27,225 | €26,180 | -€1,045 | -3.8% |
| Financial debts | 43 | €204 | €499 | +€296 | +145% |
| Credit institutions | 430/8 | €204 | €499 | +€296 | +145% |
| Trade debts | 44 | €2,109 | €3,675 | +€1,567 | +74.3% |
| Suppliers | 440/4 | €2,109 | €3,675 | +€1,567 | +74.3% |
| Taxes, remuneration and social security | 45 | €11,046 | €7,438 | -€3,608 | -32.7% |
| Taxes | 450/3 | €11,046 | €7,438 | -€3,608 | -32.7% |
| Other amounts payable | 47/48 | €13,867 | €14,568 | +€701 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,164 | €1,578 | +€415 | +35.6% |
| Other operating charges | 640/8 | €5,005 | €520 | -€4,485 | -89.6% |
| Gross operating margin | 9900 | €20,068 | €12,495 | -€7,573 | -37.7% |
| Operating profit (loss) | 9901 | €13,899 | €10,397 | -€3,502 | -25.2% |
| Financial income | 75/76B | €908 | €166 | -€742 | -81.7% |
| Recurring financial income | 75 | €908 | €166 | -€742 | -81.7% |
| Financial charges | 65/66B | €673 | €986 | +€312 | +46.4% |
| Recurring financial charges | 65 | €673 | €986 | +€312 | +46.4% |
| Profit (loss) for the period before taxes | 9903 | €14,133 | €9,577 | -€4,556 | -32.2% |
| Income taxes | 67/77 | €3,215 | €2,215 | -€1,000 | -31.1% |
| Profit (loss) for the period | 9904 | €10,919 | €7,363 | -€3,556 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,919 | €7,363 | -€3,556 | -32.6% |
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 25 October 2026 via checked.be.