MASSIN CONSTRUCTIONS: 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.
MASSIN CONSTRUCTIONS
Largest movements
- Receivables within one year +€23,882
up €23,882 (+13.2%), from €180,267 to €204,149
of which Other amounts receivable: +€22,676
- Tangible fixed assets +€18,072
up €18,072 (+3.2%), from €561,291 to €579,363
of which Leasing and similar rights: +€112,783
- Profit (loss) carried forward -€57,108
down €57,108, from €16,765 to -€40,342
- Other debts +€47,084
up €47,084 (+235%), from €20,008 to €67,092
- Trade debts +€36,385
up €36,385 (+14.8%), from €245,738 to €282,124
- Current portion of long-term debt +€27,823
up €27,823 (+32.7%), from €84,961 to €112,783
- Tax, wage and social debts -€23,373
down €23,373 (-41.5%), from €56,319 to €32,946
of which Taxes: -€20,560
- Gross operating margin +€270,800
up €270,800 (+3,090%), from €8,764 to €279,564
- Staff costs +€124,496
up €124,496 (+1,924%), from €6,472 to €130,968
- Depreciation +€32,270
up €32,270 (+26.3%), from €122,772 to €155,042
- Financial charges +€22,146
up €22,146 (+109%), from €20,394 to €42,540
- Taxes +€5,000
new in 2025: €5,000
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 | €799,786 | €842,449 | +€42,663 | +5.3% |
| Fixed assets | 21/28 | €586,291 | €604,363 | +€18,072 | +3.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €561,291 | €579,363 | +€18,072 | +3.2% |
| Land and buildings | 22 | €128,612 | €121,579 | -€7,034 | -5.5% |
| Plant, machinery and equipment | 23 | €70,764 | €46,752 | -€24,012 | -33.9% |
| Furniture and vehicles | 24 | €196,194 | €132,528 | -€63,666 | -32.5% |
| Leasing and similar rights | 25 | €165,721 | €278,505 | +€112,783 | +68.1% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €213,495 | €238,086 | +€24,591 | +11.5% |
| Amounts receivable within one year | 40/41 | €180,267 | €204,149 | +€23,882 | +13.2% |
| Trade receivables | 40 | €166,122 | €167,327 | +€1,206 | +0.7% |
| Other amounts receivable | 41 | €14,145 | €36,821 | +€22,676 | +160% |
| Cash at bank and in hand | 54/58 | €29,322 | €31,743 | +€2,422 | +8.3% |
| Deferred charges and accrued income | 490/1 | €3,906 | €2,193 | -€1,713 | -43.9% |
| Total equity and liabilities | 10/49 | €799,786 | €842,449 | +€42,663 | +5.3% |
| Equity | 10/15 | €72,765 | €15,658 | -€57,108 | -78.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,765 | -€40,342 | -€57,108 | |
| Amounts payable | 17/49 | €727,021 | €826,791 | +€99,770 | +13.7% |
| Amounts payable after more than one year | 17 | €319,995 | €331,846 | +€11,851 | +3.7% |
| Financial debts | 170/4 | €319,995 | €331,846 | +€11,851 | +3.7% |
| Amounts payable within one year | 42/48 | €407,026 | €494,945 | +€87,919 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €84,961 | €112,783 | +€27,823 | +32.7% |
| Trade debts | 44 | €245,738 | €282,124 | +€36,385 | +14.8% |
| Suppliers | 440/4 | €245,738 | €282,124 | +€36,385 | +14.8% |
| Taxes, remuneration and social security | 45 | €56,319 | €32,946 | -€23,373 | -41.5% |
| Taxes | 450/3 | €52,793 | €32,234 | -€20,560 | -38.9% |
| Remuneration and social security | 454/9 | €3,526 | €713 | -€2,813 | -79.8% |
| Other amounts payable | 47/48 | €20,008 | €67,092 | +€47,084 | +235% |
| Remuneration, social security and pensions | 62 | €6,472 | €130,968 | +€124,496 | +1,924% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,772 | €155,042 | +€32,270 | +26.3% |
| Other operating charges | 640/8 | €5,451 | €3,190 | -€2,261 | -41.5% |
| Gross operating margin | 9900 | €8,764 | €279,564 | +€270,800 | +3,090% |
| Operating profit (loss) | 9901 | -€125,931 | -€9,636 | +€116,296 | +92.3% |
| Financial income | 75/76B | €53 | €68 | +€15 | +28.1% |
| Recurring financial income | 75 | €53 | €68 | +€15 | +28.1% |
| Financial charges | 65/66B | €20,394 | €42,540 | +€22,146 | +109% |
| Recurring financial charges | 65 | €20,394 | €42,540 | +€22,146 | +109% |
| Profit (loss) for the period before taxes | 9903 | -€146,272 | -€52,108 | +€94,164 | +64.4% |
| Income taxes | 67/77 | - | €5,000 | +€5,000 | |
| Profit (loss) for the period | 9904 | -€146,272 | -€57,108 | +€89,164 | +61.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€146,272 | -€57,108 | +€89,164 | +61.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.