MASSA SYR: what changed
MASSA SYR
Largest movements
- Cash -€24,185
down €24,185 (-37.4%), from €64,616 to €40,431
mainly Trade debts (-€45,747) and Tax, wage and social debts (-€11,549)
- Receivables within one year -€6,769
down €6,769 (-6.0%), from €113,632 to €106,863
of which Trade receivables: -€27,751
- Trade debts -€45,747
down €45,747 (-92.2%), from €49,609 to €3,861
- Profit (loss) carried forward +€24,998
up €24,998 (+24.0%), from €104,170 to €129,168
- Tax, wage and social debts -€11,549
down €11,549 (-65.0%), from €17,781 to €6,232
of which Remuneration and social security: -€6,067
- Purchases and services +€253,879
new in 2025: €253,879
- Gross operating margin -€4,507
down €4,507 (-9.3%), from €48,297 to €43,790
- Other operating charges +€1,793
up €1,793 (+39.9%), from €4,499 to €6,292
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €191,560 | €159,261 | -€32,298 | -16.9% |
| Fixed assets | 21/28 | €10,471 | €9,127 | -€1,344 | -12.8% |
| Tangible fixed assets | 22/27 | €5,171 | €3,827 | -€1,344 | -26.0% |
| Plant, machinery and equipment | 23 | €2,466 | €1,761 | -€705 | -28.6% |
| Furniture and vehicles | 24 | €2,705 | €2,066 | -€639 | -23.6% |
| Financial fixed assets | 28 | €5,300 | €5,300 | = | 0.0% |
| Current assets | 29/58 | €181,088 | €150,134 | -€30,954 | -17.1% |
| Stocks and contracts in progress | 3 | €1,251 | €1,251 | = | 0.0% |
| Stocks | 30/36 | €1,251 | €1,251 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €113,632 | €106,863 | -€6,769 | -6.0% |
| Trade receivables | 40 | €72,914 | €45,164 | -€27,751 | -38.1% |
| Other amounts receivable | 41 | €40,718 | €61,699 | +€20,981 | +51.5% |
| Cash at bank and in hand | 54/58 | €64,616 | €40,431 | -€24,185 | -37.4% |
| Deferred charges and accrued income | 490/1 | €1,590 | €1,590 | = | 0.0% |
| Total equity and liabilities | 10/49 | €191,560 | €159,261 | -€32,298 | -16.9% |
| Equity | 10/15 | €114,170 | €139,168 | +€24,998 | +21.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,170 | €129,168 | +€24,998 | +24.0% |
| Amounts payable | 17/49 | €77,390 | €20,093 | -€57,296 | -74.0% |
| Amounts payable within one year | 42/48 | €77,390 | €20,093 | -€57,296 | -74.0% |
| Trade debts | 44 | €49,609 | €3,861 | -€45,747 | -92.2% |
| Suppliers | 440/4 | €49,609 | €3,861 | -€45,747 | -92.2% |
| Advances received on contracts in progress | 46 | €10,000 | €10,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €17,781 | €6,232 | -€11,549 | -65.0% |
| Taxes | 450/3 | €10,298 | €4,815 | -€5,482 | -53.2% |
| Remuneration and social security | 454/9 | €7,483 | €1,416 | -€6,067 | -81.1% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €253,879 | +€253,879 | |
| Remuneration, social security and pensions | 62 | €11,117 | €10,981 | -€137 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,195 | €1,344 | +€149 | +12.5% |
| Other operating charges | 640/8 | €4,499 | €6,292 | +€1,793 | +39.9% |
| Gross operating margin | 9900 | €48,297 | €43,790 | -€4,507 | -9.3% |
| Operating profit (loss) | 9901 | €31,487 | €25,174 | -€6,313 | -20.1% |
| Financial charges | 65/66B | €147 | €176 | +€28 | +19.3% |
| Recurring financial charges | 65 | €147 | €176 | +€28 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €31,340 | €24,998 | -€6,342 | -20.2% |
| Profit (loss) for the period | 9904 | €31,340 | €24,998 | -€6,342 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,340 | €24,998 | -€6,342 | -20.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.