MASSINE: 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.
MASSINE
Largest movements
- Current assets +€34,240
up €34,240 (+48.3%), from €70,923 to €105,163
of which Stocks and contracts: +€39,146
- Tangible fixed assets +€10,129
new in 2010: €10,129
- Debts within one year +€46,615
up €46,615 (+68.0%), from €68,558 to €115,173
- Profit (loss) carried forward -€2,246
down €2,246, from €225 to -€2,021
- Gross operating margin +€43,900
up €43,900 (+109.6%), from €40,072 to €83,972
- Depreciation +€1,338
new in 2010: €1,338
From the 2009 result to the 2010 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2009 | 2010 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,383 | €131,752 | +€44,369 | +50.8% |
| Fixed assets | 21/28 | €16,460 | €26,589 | +€10,129 | +61.5% |
| Tangible fixed assets | 22/27 | - | €10,129 | +€10,129 | |
| Financial fixed assets | 28 | €16,460 | €16,460 | = | 0.0% |
| Current assets | 29/58 | €70,923 | €105,163 | +€34,240 | +48.3% |
| Stocks and contracts in progress | 3 | €54,550 | €93,696 | +€39,146 | +71.8% |
| Amounts receivable within one year | 40/41 | €14 | €1,737 | +€1,723 | +12415.0% |
| Cash at bank and in hand | 54/58 | €16,073 | €8,860 | -€7,213 | -44.9% |
| Total equity and liabilities | 10/49 | €87,383 | €131,752 | +€44,369 | +50.8% |
| Equity | 10/15 | €18,825 | €16,579 | -€2,246 | -11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €225 | -€2,021 | -€2,246 | |
| Amounts payable | 17/49 | €68,558 | €115,173 | +€46,615 | +68.0% |
| Amounts payable within one year | 42/48 | €68,558 | €115,173 | +€46,615 | +68.0% |
| Trade debts | 44 | €5,136 | €15,426 | +€10,289 | +200.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,338 | +€1,338 | |
| Gross operating margin | 9900 | €40,072 | €83,972 | +€43,900 | +109.6% |
| Operating profit (loss) | 9901 | -€249 | -€2,196 | -€1,946 | -780.1% |
| Recurring financial income | 75 | €5 | €1 | -€4 | -85.8% |
| Recurring financial charges | 65 | €415 | €51 | -€364 | -87.7% |
| Profit (loss) for the period before taxes | 9903 | -€659 | -€2,246 | -€1,587 | -240.6% |
| Profit (loss) for the period | 9904 | -€659 | -€2,246 | -€1,587 | -240.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€659 | -€2,246 | -€1,587 | -240.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2009 and 31 December 2010. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.