Masschelein: what changed
Two fiscal 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.
Masschelein
Largest movements
- Tangible fixed assets +€280,217
up €280,217 (+42.5%), from €659,661 to €939,878
of which Land and buildings: +€848,661
- Cash -€72,387
down €72,387 (-68.4%), from €105,807 to €33,420
mainly Investment in fixed assets (net) (-€360,349) and Tax, wage and social debts (-€20,274)
- Other debts +€145,242
up €145,242 (+87.7%), from €165,605 to €310,847
- Reserves +€44,575
up €44,575 (+69.1%), from €64,517 to €109,092
- Debts after one year +€41,684
up €41,684 (+9.0%), from €465,313 to €506,997
- Current portion of long-term debt +€21,583
up €21,583 (+82.5%), from €26,165 to €47,747
- Tax, wage and social debts -€20,274
down €20,274 (-47.9%), from €42,325 to €22,051
- Gross operating margin -€82,834
down €82,834 (-34.4%), from €240,877 to €158,043
- Depreciation -€72,304
down €72,304 (-47.4%), from €152,435 to €80,132
- Financial income -€10,437
down €10,437 (-95.2%), from €10,966 to €529
- Taxes -€7,565
down €7,565 (-38.0%), from €19,927 to €12,362
- Financial charges +€6,868
up €6,868 (+47.3%), from €14,508 to €21,376
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 | €786,111 | €1,001,734 | +€215,623 | +27.4% |
| Fixed assets | 21/28 | €659,661 | €939,878 | +€280,217 | +42.5% |
| Tangible fixed assets | 22/27 | €659,661 | €939,878 | +€280,217 | +42.5% |
| Land and buildings | 22 | - | €848,661 | +€848,661 | |
| Furniture and vehicles | 24 | - | €91,217 | +€91,217 | |
| Assets under construction and advance payments | 27 | €659,661 | €0 | -€659,661 | -100.0% |
| Current assets | 29/58 | €126,450 | €61,856 | -€64,594 | -51.1% |
| Amounts receivable within one year | 40/41 | €19,156 | €27,554 | +€8,399 | +43.8% |
| Trade receivables | 40 | €19,088 | €27,512 | +€8,424 | +44.1% |
| Other amounts receivable | 41 | €68 | €42 | -€26 | -37.8% |
| Cash at bank and in hand | 54/58 | €105,807 | €33,420 | -€72,387 | -68.4% |
| Deferred charges and accrued income | 490/1 | €1,488 | €883 | -€606 | -40.7% |
| Total equity and liabilities | 10/49 | €786,111 | €1,001,734 | +€215,623 | +27.4% |
| Equity | 10/15 | €69,517 | €114,092 | +€44,575 | +64.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €64,517 | €109,092 | +€44,575 | +69.1% |
| Distributable reserves | 133 | €64,517 | €109,092 | +€44,575 | +69.1% |
| Amounts payable | 17/49 | €716,594 | €887,642 | +€171,048 | +23.9% |
| Amounts payable after more than one year | 17 | €465,313 | €506,997 | +€41,684 | +9.0% |
| Financial debts | 170/4 | €465,313 | €506,997 | +€41,684 | +9.0% |
| Amounts payable within one year | 42/48 | €251,281 | €380,645 | +€129,364 | +51.5% |
| Current portion of amounts payable after more than one year | 42 | €26,165 | €47,747 | +€21,583 | +82.5% |
| Financial debts | 43 | €1,100 | €0 | -€1,100 | -100.0% |
| Credit institutions | 430/8 | €1,100 | €0 | -€1,100 | -100.0% |
| Trade debts | 44 | €16,086 | €0 | -€16,086 | -100.0% |
| Suppliers | 440/4 | €16,086 | €0 | -€16,086 | -100.0% |
| Taxes, remuneration and social security | 45 | €42,325 | €22,051 | -€20,274 | -47.9% |
| Taxes | 450/3 | €42,325 | €22,051 | -€20,274 | -47.9% |
| Other amounts payable | 47/48 | €165,605 | €310,847 | +€145,242 | +87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,435 | €80,132 | -€72,304 | -47.4% |
| Other operating charges | 640/8 | €455 | €126 | -€329 | -72.3% |
| Gross operating margin | 9900 | €240,877 | €158,043 | -€82,834 | -34.4% |
| Operating profit (loss) | 9901 | €87,986 | €77,785 | -€10,202 | -11.6% |
| Financial income | 75/76B | €10,966 | €529 | -€10,437 | -95.2% |
| Recurring financial income | 75 | €10,966 | €529 | -€10,437 | -95.2% |
| Financial charges | 65/66B | €14,508 | €21,376 | +€6,868 | +47.3% |
| Recurring financial charges | 65 | €14,508 | €21,376 | +€6,868 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | €84,444 | €56,938 | -€27,507 | -32.6% |
| Income taxes | 67/77 | €19,927 | €12,362 | -€7,565 | -38.0% |
| Profit (loss) for the period | 9904 | €64,517 | €44,575 | -€19,942 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,517 | €44,575 | -€19,942 | -30.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.