MASSIMO: 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.
MASSIMO
Largest movements
- Tangible fixed assets +€13,923
up €13,923 (+12.6%), from €110,367 to €124,290
- Cash -€1,397
down €1,397 (-9.4%), from €14,927 to €13,530
mainly Investment in fixed assets (net) (-€25,077) and Net result for the year (-€1,775)
- Debts after one year +€14,301
up €14,301 (+4.2%), from €339,930 to €354,231
of which Other amounts payable: +€20,000
- Profit (loss) carried forward -€1,775
down €1,775 (-0.7%), from -€245,623 to -€247,398
- Gross operating margin +€15,239
up €15,239, from -€1,166 to €14,073
- Purchases and services -€8,635
down €8,635 (-46.8%), from €18,443 to €9,808
- Depreciation +€4,641
up €4,641 (+71.3%), from €6,513 to €11,154
- Other operating charges +€163
up €163 (+3.6%), from €4,531 to €4,694
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 | €125,294 | €137,820 | +€12,526 | +10.0% |
| Fixed assets | 21/28 | €110,367 | €124,290 | +€13,923 | +12.6% |
| Tangible fixed assets | 22/27 | €110,367 | €124,290 | +€13,923 | +12.6% |
| Land and buildings | 22 | €110,367 | €124,290 | +€13,923 | +12.6% |
| Current assets | 29/58 | €14,927 | €13,530 | -€1,397 | -9.4% |
| Cash at bank and in hand | 54/58 | €14,927 | €13,530 | -€1,397 | -9.4% |
| Total equity and liabilities | 10/49 | €125,294 | €137,820 | +€12,526 | +10.0% |
| Equity | 10/15 | -€214,636 | -€216,411 | -€1,775 | -0.8% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€245,623 | -€247,398 | -€1,775 | -0.7% |
| Amounts payable | 17/49 | €339,930 | €354,231 | +€14,301 | +4.2% |
| Amounts payable after more than one year | 17 | €339,930 | €354,231 | +€14,301 | +4.2% |
| Financial debts | 170/4 | €89,392 | €83,693 | -€5,699 | -6.4% |
| Other amounts payable | 178/9 | €250,538 | €270,538 | +€20,000 | +8.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €18,443 | €9,808 | -€8,635 | -46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,513 | €11,154 | +€4,641 | +71.3% |
| Other operating charges | 640/8 | €4,531 | €4,694 | +€163 | +3.6% |
| Gross operating margin | 9900 | -€1,166 | €14,073 | +€15,239 | |
| Operating profit (loss) | 9901 | -€12,210 | -€1,775 | +€10,435 | +85.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,210 | -€1,775 | +€10,435 | +85.5% |
| Profit (loss) for the period | 9904 | -€12,210 | -€1,775 | +€10,435 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,210 | -€1,775 | +€10,435 | +85.5% |
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 28 September 2026 via checked.be.