MASSIMMOB: 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.
MASSIMMOB
Largest movements
- Cash -€5,868
down €5,868 (-18.4%), from €31,924 to €26,056
mainly Accrued charges and deferred income (-€6,000) and Receivables within one year (-€1,986)
- Accrued charges and deferred income -€6,000
no longer reported in 2025 (was €6,000)
- Financial charges +€10,256
up €10,256, from -€10,098 to €158
- Gross operating margin -€3,708
down €3,708 (-39.8%), from €9,315 to €5,607
- Financial income -€1,192
down €1,192 (-35.6%), from €3,348 to €2,156
- Taxes -€1,143
down €1,143 (-55.1%), from €2,073 to €930
- Other operating charges +€722
up €722 (+26.2%), from €2,755 to €3,478
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 | €301,211 | €295,431 | -€5,780 | -1.9% |
| Fixed assets | 21/28 | €99,203 | €97,305 | -€1,898 | -1.9% |
| Tangible fixed assets | 22/27 | €99,203 | €97,305 | -€1,898 | -1.9% |
| Land and buildings | 22 | €99,203 | €97,305 | -€1,898 | -1.9% |
| Current assets | 29/58 | €202,007 | €198,126 | -€3,882 | -1.9% |
| Amounts receivable within one year | 40/41 | €84 | €2,070 | +€1,986 | +2371.7% |
| Other amounts receivable | 41 | €84 | €2,070 | +€1,986 | +2371.7% |
| Current investments | 50/53 | €170,000 | €170,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,924 | €26,056 | -€5,868 | -18.4% |
| Total equity and liabilities | 10/49 | €301,211 | €295,431 | -€5,780 | -1.9% |
| Equity | 10/15 | €294,131 | €295,431 | +€1,300 | +0.4% |
| Contributions | 10/11 | €63,957 | €63,957 | = | 0.0% |
| Capital | 10 | €63,957 | €63,957 | = | 0.0% |
| Issued capital | 100 | €63,957 | €63,957 | = | 0.0% |
| Reserves | 13 | €96,678 | €97,978 | +€1,300 | +1.3% |
| Non-distributable reserves | 130/1 | €6,396 | €6,396 | = | 0.0% |
| Legal reserve | 130 | €6,396 | €6,396 | = | 0.0% |
| Distributable reserves | 133 | €90,283 | €91,583 | +€1,300 | +1.4% |
| Profit (loss) carried forward | 14 | €133,496 | €133,496 | = | 0.0% |
| Amounts payable | 17/49 | €7,080 | - | -€7,080 | |
| Amounts payable within one year | 42/48 | €1,080 | - | -€1,080 | |
| Financial debts | 43 | €11 | - | -€11 | |
| Credit institutions | 430/8 | €11 | - | -€11 | |
| Taxes, remuneration and social security | 45 | €1,069 | - | -€1,069 | |
| Taxes | 450/3 | €1,069 | - | -€1,069 | |
| Accrued charges and deferred income | 492/3 | €6,000 | - | -€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,880 | €1,898 | +€19 | +1.0% |
| Other operating charges | 640/8 | €2,755 | €3,478 | +€722 | +26.2% |
| Gross operating margin | 9900 | €9,315 | €5,607 | -€3,708 | -39.8% |
| Operating profit (loss) | 9901 | €4,680 | €231 | -€4,449 | -95.1% |
| Financial income | 75/76B | €3,348 | €2,156 | -€1,192 | -35.6% |
| Recurring financial income | 75 | €3,348 | €2,156 | -€1,192 | -35.6% |
| Financial charges | 65/66B | -€10,098 | €158 | +€10,256 | |
| Recurring financial charges | 65 | -€10,098 | €158 | +€10,256 | |
| Profit (loss) for the period before taxes | 9903 | €18,127 | €2,230 | -€15,897 | -87.7% |
| Income taxes | 67/77 | €2,073 | €930 | -€1,143 | -55.1% |
| Profit (loss) for the period | 9904 | €16,054 | €1,300 | -€14,754 | -91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,054 | €1,300 | -€14,754 | -91.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.