MASSIMMO: 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.
MASSIMMO
Largest movements
- Tangible fixed assets -€56,620
down €56,620 (-3.6%), from €1.6m to €1.5m
- Profit (loss) carried forward -€29,221
down €29,221 (-20.1%), from -€145,419 to -€174,641
- Other debts -€20,192
down €20,192 (-1.2%), from €1.7m to €1.7m
- Gross operating margin +€13,219
up €13,219 (+65.6%), from €20,165 to €33,383
- Other operating charges +€2,097
up €2,097 (+53.9%), from €3,888 to €5,984
- Depreciation -€1,867
down €1,867 (-3.2%), from €58,486 to €56,620
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,589,568 | €1,540,122 | -€49,446 | -3.1% |
| Fixed assets | 21/28 | €1,574,646 | €1,518,026 | -€56,620 | -3.6% |
| Tangible fixed assets | 22/27 | €1,574,646 | €1,518,026 | -€56,620 | -3.6% |
| Land and buildings | 22 | €1,574,646 | €1,518,026 | -€56,620 | -3.6% |
| Current assets | 29/58 | €14,922 | €22,096 | +€7,174 | +48.1% |
| Amounts receivable within one year | 40/41 | €1,914 | €2,126 | +€212 | +11.1% |
| Trade receivables | 40 | - | €212 | +€212 | |
| Other amounts receivable | 41 | €1,914 | €1,914 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,008 | €19,970 | +€6,962 | +53.5% |
| Total equity and liabilities | 10/49 | €1,589,568 | €1,540,122 | -€49,446 | -3.1% |
| Equity | 10/15 | -€82,736 | -€111,958 | -€29,221 | -35.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,183 | €1,183 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,183 | €1,183 | = | 0.0% |
| Legal reserve | 130 | €1,183 | €1,183 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,419 | -€174,641 | -€29,221 | -20.1% |
| Amounts payable | 17/49 | €1,672,304 | €1,652,080 | -€20,225 | -1.2% |
| Amounts payable within one year | 42/48 | €1,672,304 | €1,652,080 | -€20,225 | -1.2% |
| Trade debts | 44 | €182 | €149 | -€33 | -18.0% |
| Suppliers | 440/4 | €182 | €149 | -€33 | -18.0% |
| Other amounts payable | 47/48 | €1,672,122 | €1,651,930 | -€20,192 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,486 | €56,620 | -€1,867 | -3.2% |
| Other operating charges | 640/8 | €3,888 | €5,984 | +€2,097 | +53.9% |
| Gross operating margin | 9900 | €20,165 | €33,383 | +€13,219 | +65.6% |
| Operating profit (loss) | 9901 | -€42,210 | -€29,221 | +€12,989 | +30.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | - | €0 | +€0 | |
| Recurring financial charges | 65 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | -€42,209 | -€29,221 | +€12,988 | +30.8% |
| Profit (loss) for the period | 9904 | -€42,209 | -€29,221 | +€12,988 | +30.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,209 | -€29,221 | +€12,988 | +30.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.