MASSA SHAM: 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 SHAM
Largest movements
- Receivables within one year +€27,211
up €27,211 (+16.3%), from €166,861 to €194,072
of which Trade receivables: +€41,233
- Stocks and contracts -€16,230
down €16,230 (-3.9%), from €414,850 to €398,620
- Tangible fixed assets +€10,272
up €10,272 (+45.5%), from €22,581 to €32,853
- Profit (loss) carried forward +€30,066
up €30,066 (+26.7%), from €112,499 to €142,565
- Tax, wage and social debts -€16,808
down €16,808 (-14.9%), from €112,897 to €96,089
- Trade debts +€9,559
up €9,559 (+2.6%), from €370,703 to €380,261
- Gross operating margin +€15,851
up €15,851 (+52.8%), from €30,019 to €45,870
- Taxes -€9,961
down €9,961, from €9,957 to -€4
- Depreciation +€8,224
up €8,224 (+216%), from €3,810 to €12,034
- Other operating charges +€1,078
up €1,078 (+90.9%), from €1,186 to €2,264
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €636,796 | €659,615 | +€22,819 | +3.6% |
| Fixed assets | 21/28 | €28,981 | €39,253 | +€10,272 | +35.4% |
| Tangible fixed assets | 22/27 | €22,581 | €32,853 | +€10,272 | +45.5% |
| Furniture and vehicles | 24 | €22,581 | €32,853 | +€10,272 | +45.5% |
| Financial fixed assets | 28 | €6,400 | €6,400 | = | 0.0% |
| Current assets | 29/58 | €607,815 | €620,362 | +€12,547 | +2.1% |
| Stocks and contracts in progress | 3 | €414,850 | €398,620 | -€16,230 | -3.9% |
| Stocks | 30/36 | €414,850 | €398,620 | -€16,230 | -3.9% |
| Amounts receivable within one year | 40/41 | €166,861 | €194,072 | +€27,211 | +16.3% |
| Trade receivables | 40 | €150,567 | €191,800 | +€41,233 | +27.4% |
| Other amounts receivable | 41 | €16,294 | €2,272 | -€14,022 | -86.1% |
| Cash at bank and in hand | 54/58 | €26,035 | €27,601 | +€1,566 | +6.0% |
| Deferred charges and accrued income | 490/1 | €69 | €69 | = | 0.0% |
| Total equity and liabilities | 10/49 | €636,796 | €659,615 | +€22,819 | +3.6% |
| Equity | 10/15 | €120,559 | €150,625 | +€30,066 | +24.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,499 | €142,565 | +€30,066 | +26.7% |
| Amounts payable | 17/49 | €516,237 | €508,990 | -€7,247 | -1.4% |
| Amounts payable within one year | 42/48 | €516,237 | €508,990 | -€7,247 | -1.4% |
| Trade debts | 44 | €370,703 | €380,261 | +€9,559 | +2.6% |
| Suppliers | 440/4 | €370,703 | €380,261 | +€9,559 | +2.6% |
| Taxes, remuneration and social security | 45 | €112,897 | €96,089 | -€16,808 | -14.9% |
| Remuneration and social security | 454/9 | €112,897 | €96,089 | -€16,808 | -14.9% |
| Other amounts payable | 47/48 | €32,637 | €32,640 | +€2 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,810 | €12,034 | +€8,224 | +216% |
| Other operating charges | 640/8 | €1,186 | €2,264 | +€1,078 | +90.9% |
| Non-recurring operating charges | 66A | - | €1,200 | +€1,200 | |
| Gross operating margin | 9900 | €30,019 | €45,870 | +€15,851 | +52.8% |
| Operating profit (loss) | 9901 | €25,023 | €30,372 | +€5,349 | +21.4% |
| Financial charges | 65/66B | €151 | €265 | +€114 | +75.0% |
| Recurring financial charges | 65 | €151 | €265 | +€114 | +75.0% |
| Profit (loss) for the period before taxes | 9903 | €24,871 | €30,107 | +€5,236 | +21.1% |
| Income taxes | 67/77 | €9,957 | -€4 | -€9,961 | |
| Profit (loss) for the period | 9904 | €14,914 | €30,111 | +€15,196 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €14,914 | €30,111 | +€15,196 | +102% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.