Masscom: 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.
Masscom
Largest movements
- Receivables after one year -€76,000
down €76,000 (-100.0%), from €76,000 to €0
- Receivables within one year +€75,607
up €75,607 (+1154.5%), from €6,549 to €82,156
of which Other amounts receivable: +€81,979
- Tangible fixed assets -€6,388
down €6,388 (-2.1%), from €299,089 to €292,700
of which Land and buildings: -€7,559
- Cash -€5,343
down €5,343 (-22.4%), from €23,821 to €18,478
mainly Receivables within one year (-€75,607) and Debts after one year (-€12,908)
- Reserves +€22,577
up €22,577 (+13.9%), from €162,746 to €185,323
- Debts after one year -€12,908
down €12,908 (-7.8%), from €166,068 to €153,160
- Trade debts -€9,122
down €9,122 (-88.6%), from €10,301 to €1,179
- Tax, wage and social debts -€8,081
down €8,081 (-55.2%), from €14,642 to €6,561
- Other debts -€7,800
down €7,800 (-21.7%), from €35,864 to €28,064
- Gross operating margin +€10,757
up €10,757 (+27.9%), from €38,541 to €49,298
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 | €405,458 | €393,334 | -€12,124 | -3.0% |
| Fixed assets | 21/28 | €299,089 | €292,700 | -€6,388 | -2.1% |
| Tangible fixed assets | 22/27 | €299,089 | €292,700 | -€6,388 | -2.1% |
| Land and buildings | 22 | €295,979 | €288,421 | -€7,559 | -2.6% |
| Plant, machinery and equipment | 23 | €493 | €107 | -€386 | -78.3% |
| Furniture and vehicles | 24 | €1,116 | €2,672 | +€1,557 | +139.5% |
| Other tangible fixed assets | 26 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €106,370 | €100,634 | -€5,736 | -5.4% |
| Amounts receivable after more than one year | 29 | €76,000 | €0 | -€76,000 | -100.0% |
| Other amounts receivable | 291 | €76,000 | €0 | -€76,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €6,549 | €82,156 | +€75,607 | +1154.5% |
| Trade receivables | 40 | €6,549 | €177 | -€6,372 | -97.3% |
| Other amounts receivable | 41 | €0 | €81,979 | +€81,979 | |
| Cash at bank and in hand | 54/58 | €23,821 | €18,478 | -€5,343 | -22.4% |
| Total equity and liabilities | 10/49 | €405,458 | €393,334 | -€12,124 | -3.0% |
| Equity | 10/15 | €163,676 | €186,253 | +€22,577 | +13.8% |
| Contributions | 10/11 | €930 | €930 | = | 0.0% |
| Reserves | 13 | €162,746 | €185,323 | +€22,577 | +13.9% |
| Distributable reserves | 133 | €162,746 | €185,323 | +€22,577 | +13.9% |
| Amounts payable | 17/49 | €241,782 | €207,081 | -€34,702 | -14.4% |
| Amounts payable after more than one year | 17 | €166,068 | €153,160 | -€12,908 | -7.8% |
| Financial debts | 170/4 | €166,068 | €153,160 | -€12,908 | -7.8% |
| Amounts payable within one year | 42/48 | €73,407 | €51,351 | -€22,056 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €12,599 | €12,908 | +€309 | +2.5% |
| Financial debts | 43 | - | €2,639 | +€2,639 | |
| Credit institutions | 430/8 | - | €2,639 | +€2,639 | |
| Trade debts | 44 | €10,301 | €1,179 | -€9,122 | -88.6% |
| Suppliers | 440/4 | €10,301 | €1,179 | -€9,122 | -88.6% |
| Taxes, remuneration and social security | 45 | €14,642 | €6,561 | -€8,081 | -55.2% |
| Taxes | 450/3 | €14,642 | €6,561 | -€8,081 | -55.2% |
| Other amounts payable | 47/48 | €35,864 | €28,064 | -€7,800 | -21.7% |
| Accrued charges and deferred income | 492/3 | €2,307 | €2,570 | +€263 | +11.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,433 | €8,388 | -€44 | -0.5% |
| Other operating charges | 640/8 | €1,013 | €969 | -€44 | -4.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €38,541 | €49,298 | +€10,757 | +27.9% |
| Operating profit (loss) | 9901 | €29,096 | €39,940 | +€10,845 | +37.3% |
| Financial income | 75/76B | €0 | €73 | +€73 | +244133.3% |
| Recurring financial income | 75 | €0 | €73 | +€73 | +244133.3% |
| Financial charges | 65/66B | €6,985 | €6,940 | -€45 | -0.6% |
| Recurring financial charges | 65 | €6,985 | €6,940 | -€45 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €22,111 | €33,074 | +€10,963 | +49.6% |
| Income taxes | 67/77 | €10,584 | €10,497 | -€87 | -0.8% |
| Profit (loss) for the period | 9904 | €11,527 | €22,577 | +€11,050 | +95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,527 | €22,577 | +€11,050 | +95.9% |
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.