MASSART & Partners: 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.
MASSART & Partners
Largest movements
- Cash -€7,875
down €7,875 (-10.3%), from €76,774 to €68,900
mainly Other debts (-€44,714) and Contributions, distributions and other (-€14,286)
- Receivables within one year +€1,658
up €1,658 (+15.6%), from €10,610 to €12,267
of which Other amounts receivable: +€1,899
- Other debts -€44,714
down €44,714 (-75.8%), from €59,015 to €14,301
- Reserves +€30,000
up €30,000 (+199%), from €15,075 to €45,075
of which Distributable reserves: +€30,000
- Profit (loss) carried forward +€5,174
up €5,174 (+57.0%), from €9,079 to €14,253
- Tax, wage and social debts +€2,064
up €2,064 (+71.0%), from €2,907 to €4,971
- Accrued charges and deferred income +€1,100
up €1,100 (+255%), from €432 to €1,532
- Gross operating margin +€6,052
up €6,052 (+9.1%), from €66,166 to €72,218
- Taxes +€3,378
up €3,378 (+17.9%), from €18,849 to €22,227
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,569 | €81,167 | -€6,402 | -7.3% |
| Current assets | 29/58 | €87,569 | €81,167 | -€6,402 | -7.3% |
| Amounts receivable within one year | 40/41 | €10,610 | €12,267 | +€1,658 | +15.6% |
| Trade receivables | 40 | €8,079 | €7,837 | -€242 | -3.0% |
| Other amounts receivable | 41 | €2,531 | €4,430 | +€1,899 | +75.1% |
| Cash at bank and in hand | 54/58 | €76,774 | €68,900 | -€7,875 | -10.3% |
| Deferred charges and accrued income | 490/1 | €185 | - | -€185 | |
| Total equity and liabilities | 10/49 | €87,569 | €81,167 | -€6,402 | -7.3% |
| Equity | 10/15 | €24,904 | €60,078 | +€35,174 | +141% |
| Contributions | 10/11 | €750 | €750 | = | 0.0% |
| Reserves | 13 | €15,075 | €45,075 | +€30,000 | +199% |
| Non-distributable reserves | 130/1 | €75 | €75 | = | 0.0% |
| Reserves not available under the articles | 1311 | €75 | €75 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €45,000 | +€30,000 | +200% |
| Profit (loss) carried forward | 14 | €9,079 | €14,253 | +€5,174 | +57.0% |
| Amounts payable | 17/49 | €62,665 | €21,089 | -€41,575 | -66.3% |
| Amounts payable within one year | 42/48 | €62,233 | €19,557 | -€42,676 | -68.6% |
| Trade debts | 44 | €310 | €285 | -€25 | -8.1% |
| Suppliers | 440/4 | €310 | €285 | -€25 | -8.1% |
| Taxes, remuneration and social security | 45 | €2,907 | €4,971 | +€2,064 | +71.0% |
| Taxes | 450/3 | €2,907 | €4,971 | +€2,064 | +71.0% |
| Other amounts payable | 47/48 | €59,015 | €14,301 | -€44,714 | -75.8% |
| Accrued charges and deferred income | 492/3 | €432 | €1,532 | +€1,100 | +255% |
| Other operating charges | 640/8 | €506 | €596 | +€90 | +17.9% |
| Gross operating margin | 9900 | €66,166 | €72,218 | +€6,052 | +9.1% |
| Operating profit (loss) | 9901 | €65,660 | €71,622 | +€5,962 | +9.1% |
| Financial income | 75/76B | - | €160 | +€160 | |
| Recurring financial income | 75 | - | €160 | +€160 | |
| Financial charges | 65/66B | €94 | €96 | +€2 | +1.7% |
| Recurring financial charges | 65 | €94 | €96 | +€2 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €65,566 | €71,687 | +€6,121 | +9.3% |
| Income taxes | 67/77 | €18,849 | €22,227 | +€3,378 | +17.9% |
| Profit (loss) for the period | 9904 | €46,717 | €49,459 | +€2,743 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,717 | €49,459 | +€2,743 | +5.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.