MASSA & LAMOTE: 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 & LAMOTE
Largest movements
- Cash +€154,985
up €154,985 (+11.5%), from €1.3m to €1.5m
mainly Net result for the year (+€599,507) and Depreciation (+€9,769)
- Tangible fixed assets +€29,807
up €29,807 (+151%), from €19,698 to €49,505
- Reserves +€349,507
up €349,507 (+29.8%), from €1.2m to €1.5m
of which Distributable reserves: +€349,507
- Tax, wage and social debts -€61,506
down €61,506 (-29.1%), from €211,630 to €150,124
of which Taxes: -€61,967
- Other debts -€47,709
down €47,709 (-91.7%), from €52,005 to €4,297
- Trade debts -€29,118
down €29,118 (-37.1%), from €78,531 to €49,414
- Financial income +€200,000
new in 2025: €200,000
- Staff costs -€66,535
down €66,535 (-51.6%), from €128,968 to €62,433
- Taxes +€56,186
up €56,186 (+36.8%), from €152,547 to €208,733
- Gross operating margin +€40,872
up €40,872 (+6.3%), from €644,032 to €684,904
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 | €1,581,947 | €1,772,440 | +€190,494 | +12.0% |
| Fixed assets | 21/28 | €33,546 | €56,035 | +€22,489 | +67.0% |
| Intangible fixed assets | 21 | €4,148 | €2,331 | -€1,818 | -43.8% |
| Tangible fixed assets | 22/27 | €19,698 | €49,505 | +€29,807 | +151% |
| Furniture and vehicles | 24 | €19,698 | €49,505 | +€29,807 | +151% |
| Financial fixed assets | 28 | €9,700 | €4,200 | -€5,500 | -56.7% |
| Current assets | 29/58 | €1,548,401 | €1,716,405 | +€168,004 | +10.9% |
| Amounts receivable within one year | 40/41 | €192,979 | €206,774 | +€13,795 | +7.1% |
| Trade receivables | 40 | €187,762 | €198,709 | +€10,947 | +5.8% |
| Other amounts receivable | 41 | €5,217 | €8,065 | +€2,848 | +54.6% |
| Cash at bank and in hand | 54/58 | €1,348,174 | €1,503,159 | +€154,985 | +11.5% |
| Deferred charges and accrued income | 490/1 | €7,248 | €6,472 | -€776 | -10.7% |
| Total equity and liabilities | 10/49 | €1,581,947 | €1,772,440 | +€190,494 | +12.0% |
| Equity | 10/15 | €1,214,047 | €1,563,554 | +€349,507 | +28.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €1,174,047 | €1,523,554 | +€349,507 | +29.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,174,047 | €1,523,554 | +€349,507 | +29.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €367,900 | €208,886 | -€159,014 | -43.2% |
| Amounts payable after more than one year | 17 | €5,022 | €0 | -€5,022 | -100% |
| Financial debts | 170/4 | €5,022 | €0 | -€5,022 | -100% |
| Amounts payable within one year | 42/48 | €352,054 | €208,856 | -€143,199 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €9,888 | €5,022 | -€4,867 | -49.2% |
| Trade debts | 44 | €78,531 | €49,414 | -€29,118 | -37.1% |
| Suppliers | 440/4 | €78,531 | €49,414 | -€29,118 | -37.1% |
| Taxes, remuneration and social security | 45 | €211,630 | €150,124 | -€61,506 | -29.1% |
| Taxes | 450/3 | €204,154 | €142,186 | -€61,967 | -30.4% |
| Remuneration and social security | 454/9 | €7,476 | €7,937 | +€461 | +6.2% |
| Other amounts payable | 47/48 | €52,005 | €4,297 | -€47,709 | -91.7% |
| Accrued charges and deferred income | 492/3 | €10,824 | €30 | -€10,794 | -99.7% |
| Non-recurring operating income | 76A | - | €71,169 | +€71,169 | |
| Remuneration, social security and pensions | 62 | €128,968 | €62,433 | -€66,535 | -51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,169 | €9,769 | +€600 | +6.5% |
| Other operating charges | 640/8 | €1,597 | €1,706 | +€108 | +6.8% |
| Gross operating margin | 9900 | €644,032 | €684,904 | +€40,872 | +6.3% |
| Operating profit (loss) | 9901 | €504,297 | €610,996 | +€106,699 | +21.2% |
| Financial income | 75/76B | - | €200,000 | +€200,000 | |
| Recurring financial income | 75 | - | €200,000 | +€200,000 | |
| Financial charges | 65/66B | €3,411 | €2,756 | -€654 | -19.2% |
| Recurring financial charges | 65 | €3,411 | €2,756 | -€654 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €500,887 | €808,240 | +€307,353 | +61.4% |
| Income taxes | 67/77 | €152,547 | €208,733 | +€56,186 | +36.8% |
| Profit (loss) for the period | 9904 | €348,340 | €599,507 | +€251,167 | +72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €348,340 | €599,507 | +€251,167 | +72.1% |
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 16 October 2026 via checked.be.