MASSA: 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.
MASSA
Largest movements
- Cash +€9,627
up €9,627 (+114%), from €8,467 to €18,094
mainly Deferred charges and accrued income (+€9,094) and Trade debts (+€5,209)
- Deferred charges and accrued income -€9,094
down €9,094 (-90.9%), from €10,000 to €906
- Tangible fixed assets +€5,150
new in 2025: €5,150
of which Furniture and vehicles: +€3,328
- Receivables within one year +€2,142
up €2,142 (+24.5%), from €8,748 to €10,890
- Trade debts +€5,209
up €5,209 (+1,021%), from €510 to €5,720
- Reserves +€3,246
up €3,246 (+19.1%), from €17,007 to €20,254
- Tax, wage and social debts -€631
down €631 (-8.8%), from €7,198 to €6,567
of which Taxes: -€2,941
- Gross operating margin -€15,350
down €15,350 (-69.9%), from €21,966 to €6,616
- Taxes -€3,333
down €3,333 (-71.1%), from €4,685 to €1,352
- Financial charges +€1,152
up €1,152 (+1,098%), from €105 to €1,257
- Depreciation +€385
new in 2025: €385
- Other operating charges +€227
up €227 (+134%), from €169 to €395
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 | €27,215 | €35,040 | +€7,825 | +28.8% |
| Fixed assets | 21/28 | - | €5,150 | +€5,150 | |
| Tangible fixed assets | 22/27 | - | €5,150 | +€5,150 | |
| Plant, machinery and equipment | 23 | - | €1,822 | +€1,822 | |
| Furniture and vehicles | 24 | - | €3,328 | +€3,328 | |
| Current assets | 29/58 | €27,215 | €29,891 | +€2,675 | +9.8% |
| Amounts receivable within one year | 40/41 | €8,748 | €10,890 | +€2,142 | +24.5% |
| Trade receivables | 40 | €8,748 | €10,890 | +€2,142 | +24.5% |
| Cash at bank and in hand | 54/58 | €8,467 | €18,094 | +€9,627 | +114% |
| Deferred charges and accrued income | 490/1 | €10,000 | €906 | -€9,094 | -90.9% |
| Total equity and liabilities | 10/49 | €27,215 | €35,040 | +€7,825 | +28.8% |
| Equity | 10/15 | €19,507 | €22,754 | +€3,246 | +16.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €17,007 | €20,254 | +€3,246 | +19.1% |
| Distributable reserves | 133 | €17,007 | €20,254 | +€3,246 | +19.1% |
| Amounts payable | 17/49 | €7,708 | €12,287 | +€4,579 | +59.4% |
| Amounts payable within one year | 42/48 | €7,708 | €12,287 | +€4,579 | +59.4% |
| Trade debts | 44 | €510 | €5,720 | +€5,209 | +1,021% |
| Suppliers | 440/4 | €510 | €5,720 | +€5,209 | +1,021% |
| Taxes, remuneration and social security | 45 | €7,198 | €6,567 | -€631 | -8.8% |
| Taxes | 450/3 | €7,198 | €4,257 | -€2,941 | -40.9% |
| Remuneration and social security | 454/9 | - | €2,310 | +€2,310 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €385 | +€385 | |
| Other operating charges | 640/8 | €169 | €395 | +€227 | +134% |
| Gross operating margin | 9900 | €21,966 | €6,616 | -€15,350 | -69.9% |
| Operating profit (loss) | 9901 | €21,797 | €5,836 | -€15,961 | -73.2% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €105 | €1,257 | +€1,152 | +1,098% |
| Recurring financial charges | 65 | €105 | €1,257 | +€1,152 | +1,098% |
| Profit (loss) for the period before taxes | 9903 | €21,692 | €4,599 | -€17,093 | -78.8% |
| Income taxes | 67/77 | €4,685 | €1,352 | -€3,333 | -71.1% |
| Profit (loss) for the period | 9904 | €17,007 | €3,246 | -€13,761 | -80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,007 | €3,246 | -€13,761 | -80.9% |
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.