MASSC: 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.
MASSC
Largest movements
- Cash +€62,790
up €62,790 (+31.0%), from €202,495 to €265,285
mainly Net result for the year (+€73,129) and Receivables within one year (+€56,678)
- Receivables within one year -€56,678
down €56,678 (-69.4%), from €81,726 to €25,048
of which Other amounts receivable: -€59,100
- Reserves +€7,000
up €7,000 (+4.0%), from €174,360 to €181,360
of which Distributable reserves: +€7,000
- Other debts -€6,429
down €6,429 (-22.7%), from €28,324 to €21,895
- Gross operating margin +€31,109
up €31,109 (+33.1%), from €93,896 to €125,005
- Taxes +€5,167
up €5,167 (+23.1%), from €22,364 to €27,531
- Financial income -€1,682
down €1,682 (-59.3%), from €2,838 to €1,156
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.
Cash bridge derived
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 | €471,352 | €472,547 | +€1,195 | +0.3% |
| Fixed assets | 21/28 | €177,543 | €173,406 | -€4,137 | -2.3% |
| Tangible fixed assets | 22/27 | €177,543 | €173,406 | -€4,137 | -2.3% |
| Land and buildings | 22 | €29,537 | €19,691 | -€9,846 | -33.3% |
| Furniture and vehicles | 24 | €148,006 | €153,715 | +€5,709 | +3.9% |
| Current assets | 29/58 | €293,809 | €299,141 | +€5,332 | +1.8% |
| Amounts receivable within one year | 40/41 | €81,726 | €25,048 | -€56,678 | -69.4% |
| Trade receivables | 40 | €21,726 | €24,148 | +€2,422 | +11.1% |
| Other amounts receivable | 41 | €60,000 | €900 | -€59,100 | -98.5% |
| Current investments | 50/53 | €6,275 | €6,275 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €202,495 | €265,285 | +€62,790 | +31.0% |
| Deferred charges and accrued income | 490/1 | €3,313 | €2,533 | -€780 | -23.5% |
| Total equity and liabilities | 10/49 | €471,352 | €472,547 | +€1,195 | +0.3% |
| Equity | 10/15 | €421,549 | €428,678 | +€7,129 | +1.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €174,360 | €181,360 | +€7,000 | +4.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €162,500 | €169,500 | +€7,000 | +4.3% |
| Profit (loss) carried forward | 14 | €240,989 | €241,118 | +€129 | +0.1% |
| Amounts payable | 17/49 | €49,803 | €43,869 | -€5,934 | -11.9% |
| Amounts payable within one year | 42/48 | €49,803 | €43,869 | -€5,934 | -11.9% |
| Trade debts | 44 | €3,894 | €5,254 | +€1,360 | +34.9% |
| Suppliers | 440/4 | €3,894 | €5,254 | +€1,360 | +34.9% |
| Taxes, remuneration and social security | 45 | €17,585 | €16,720 | -€865 | -4.9% |
| Taxes | 450/3 | €17,585 | €16,720 | -€865 | -4.9% |
| Other amounts payable | 47/48 | €28,324 | €21,895 | -€6,429 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,498 | €23,375 | -€123 | -0.5% |
| Other operating charges | 640/8 | €2,167 | €1,987 | -€180 | -8.3% |
| Gross operating margin | 9900 | €93,896 | €125,005 | +€31,109 | +33.1% |
| Operating profit (loss) | 9901 | €68,231 | €99,643 | +€31,412 | +46.0% |
| Financial income | 75/76B | €2,838 | €1,156 | -€1,682 | -59.3% |
| Recurring financial income | 75 | €2,838 | €1,156 | -€1,682 | -59.3% |
| Financial charges | 65/66B | €138 | €139 | +€1 | +0.7% |
| Recurring financial charges | 65 | €138 | €139 | +€1 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €70,931 | €100,660 | +€29,729 | +41.9% |
| Income taxes | 67/77 | €22,364 | €27,531 | +€5,167 | +23.1% |
| Profit (loss) for the period | 9904 | €48,567 | €73,129 | +€24,562 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,567 | €73,129 | +€24,562 | +50.6% |
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 10 October 2026 via checked.be.