MASSIN: 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.
MASSIN
Largest movements
- Receivables within one year +€53,000
up €53,000 (+2.2%), from €2.4m to €2.5m
- Other debts +€47,797
up €47,797 (+2.4%), from €2.0m to €2.0m
- Financial income -€290,000
down €290,000 (-14.5%), from €2.0m to €1.7m
- Gross operating margin +€1,545
up €1,545, from -€332 to €1,213
- Other operating charges +€998
up €998 (+998.5%), from €100 to €1,098
- Financial charges -€119
no longer reported in 2025 (was €119)
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 | €2,815,783 | €2,867,185 | +€51,402 | +1.8% |
| Fixed assets | 21/28 | €393,049 | €393,049 | = | 0.0% |
| Financial fixed assets | 28 | €393,049 | €393,049 | = | 0.0% |
| Current assets | 29/58 | €2,422,734 | €2,474,136 | +€51,402 | +2.1% |
| Amounts receivable within one year | 40/41 | €2,415,000 | €2,468,000 | +€53,000 | +2.2% |
| Other amounts receivable | 41 | €2,415,000 | €2,468,000 | +€53,000 | +2.2% |
| Cash at bank and in hand | 54/58 | €7,734 | €6,136 | -€1,598 | -20.7% |
| Total equity and liabilities | 10/49 | €2,815,783 | €2,867,185 | +€51,402 | +1.8% |
| Equity | 10/15 | €823,378 | €828,492 | +€5,115 | +0.6% |
| Contributions | 10/11 | €720,000 | €720,000 | = | 0.0% |
| Capital | 10 | €720,000 | €720,000 | = | 0.0% |
| Issued capital | 100 | €720,000 | €720,000 | = | 0.0% |
| Reserves | 13 | €80,676 | €80,676 | = | 0.0% |
| Non-distributable reserves | 130/1 | €72,000 | €72,000 | = | 0.0% |
| Legal reserve | 130 | €72,000 | €72,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,676 | €8,676 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,701 | €27,816 | +€5,115 | +22.5% |
| Amounts payable | 17/49 | €1,992,405 | €2,038,693 | +€46,287 | +2.3% |
| Amounts payable within one year | 42/48 | €1,992,405 | €2,038,693 | +€46,287 | +2.3% |
| Trade debts | 44 | €2,202 | €693 | -€1,509 | -68.5% |
| Suppliers | 440/4 | €2,202 | €693 | -€1,509 | -68.5% |
| Other amounts payable | 47/48 | €1,990,203 | €2,038,000 | +€47,797 | +2.4% |
| Other operating charges | 640/8 | €100 | €1,098 | +€998 | +998.5% |
| Gross operating margin | 9900 | -€332 | €1,213 | +€1,545 | |
| Operating profit (loss) | 9901 | -€432 | €115 | +€547 | |
| Financial income | 75/76B | €2,000,000 | €1,710,000 | -€290,000 | -14.5% |
| Recurring financial income | 75 | €2,000,000 | €1,710,000 | -€290,000 | -14.5% |
| Financial charges | 65/66B | €119 | - | -€119 | |
| Recurring financial charges | 65 | €119 | - | -€119 | |
| Profit (loss) for the period before taxes | 9903 | €1,999,449 | €1,710,115 | -€289,334 | -14.5% |
| Profit (loss) for the period | 9904 | €1,999,449 | €1,710,115 | -€289,334 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,999,449 | €1,710,115 | -€289,334 | -14.5% |
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 7 October 2026 via checked.be.