Massief Vastgoed: 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.
Massief Vastgoed
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€159,031
up €159,031 (+257%), from €61,946 to €220,977
- Trade debts -€139,940
down €139,940 (-88.9%), from €157,465 to €17,525
- Profit (loss) carried forward -€16,624
down €16,624 (-34.2%), from -€48,661 to -€65,286
- Gross operating margin +€4,598
up €4,598 (+62.8%), from -€7,327 to -€2,729
- Financial charges -€1,029
down €1,029 (-6.1%), from €16,920 to €15,892
- Financial income -€591
down €591 (-22.3%), from €2,649 to €2,058
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.
Derived cash bridge
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 | €541,913 | €544,134 | +€2,221 | +0.4% |
| Fixed assets | 21/28 | €5,100 | €5,100 | = | 0.0% |
| Financial fixed assets | 28 | €5,100 | €5,100 | = | 0.0% |
| Current assets | 29/58 | €536,813 | €539,034 | +€2,221 | +0.4% |
| Stocks and contracts in progress | 3 | €439,178 | €439,178 | = | 0.0% |
| Contracts in progress | 37 | €439,178 | €439,178 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €97,174 | €98,206 | +€1,033 | +1.1% |
| Trade receivables | 40 | - | €2,500 | +€2,500 | |
| Other amounts receivable | 41 | €97,174 | €95,706 | -€1,467 | -1.5% |
| Cash at bank and in hand | 54/58 | €462 | €1,650 | +€1,188 | +257% |
| Total equity and liabilities | 10/49 | €541,913 | €544,134 | +€2,221 | +0.4% |
| Equity | 10/15 | €51,339 | €34,714 | -€16,624 | -32.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Contributions outside capital | 11 | €100,000 | €100,000 | = | 0.0% |
| Other | 1109/19 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,661 | -€65,286 | -€16,624 | -34.2% |
| Amounts payable | 17/49 | €490,575 | €509,419 | +€18,845 | +3.8% |
| Amounts payable within one year | 42/48 | €489,411 | €508,502 | +€19,091 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €270,000 | €270,000 | = | 0.0% |
| Trade debts | 44 | €157,465 | €17,525 | -€139,940 | -88.9% |
| Suppliers | 440/4 | €157,465 | €17,525 | -€139,940 | -88.9% |
| Other amounts payable | 47/48 | €61,946 | €220,977 | +€159,031 | +257% |
| Accrued charges and deferred income | 492/3 | €1,163 | €917 | -€246 | -21.1% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | -€7,327 | -€2,729 | +€4,598 | +62.8% |
| Operating profit (loss) | 9901 | -€7,389 | -€2,791 | +€4,598 | +62.2% |
| Financial income | 75/76B | €2,649 | €2,058 | -€591 | -22.3% |
| Recurring financial income | 75 | €2,649 | €2,058 | -€591 | -22.3% |
| Financial charges | 65/66B | €16,920 | €15,892 | -€1,029 | -6.1% |
| Recurring financial charges | 65 | €16,920 | €15,892 | -€1,029 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,660 | -€16,624 | +€5,036 | +23.2% |
| Profit (loss) for the period | 9904 | -€21,660 | -€16,624 | +€5,036 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,660 | -€16,624 | +€5,036 | +23.2% |
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 29 October 2026 via checked.be.