MASSOC: 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.
MASSOC
Largest movements
- Receivables within one year +€9,066
up €9,066 (+27.3%), from €33,236 to €42,302
of which Trade receivables: +€5,736
- Cash +€2,003
up €2,003 (+620.1%), from €323 to €2,326
mainly Trade debts (+€17,372)
- Trade debts +€17,372
up €17,372 (+82.6%), from €21,021 to €38,393
- Profit (loss) carried forward -€5,962
down €5,962 (-58.3%), from -€10,234 to -€16,196
- Gross operating margin -€9,579
down €9,579, from €4,696 to -€4,883
- Depreciation -€3,864
no longer reported in 2025 (was €3,864)
- Other operating charges -€314
down €314 (-48.6%), from €646 to €332
- Financial charges -€130
down €130 (-14.8%), from €877 to €747
of which Non-recurring financial charges: -€304
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 | €95,143 | €106,212 | +€11,069 | +11.6% |
| Fixed assets | 21/28 | €61,584 | €61,584 | = | 0.0% |
| Tangible fixed assets | 22/27 | €61,584 | €61,584 | = | 0.0% |
| Land and buildings | 22 | €60,840 | €60,840 | = | 0.0% |
| Plant, machinery and equipment | 23 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €33,559 | €44,628 | +€11,069 | +33.0% |
| Amounts receivable within one year | 40/41 | €33,236 | €42,302 | +€9,066 | +27.3% |
| Trade receivables | 40 | €33,236 | €38,972 | +€5,736 | +17.3% |
| Other amounts receivable | 41 | - | €3,330 | +€3,330 | |
| Cash at bank and in hand | 54/58 | €323 | €2,326 | +€2,003 | +620.1% |
| Total equity and liabilities | 10/49 | €95,143 | €106,212 | +€11,069 | +11.6% |
| Equity | 10/15 | €9,480 | €3,518 | -€5,962 | -62.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,122 | €1,122 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,122 | €1,122 | = | 0.0% |
| Legal reserve | 130 | €1,122 | €1,122 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,234 | -€16,196 | -€5,962 | -58.3% |
| Amounts payable | 17/49 | €85,663 | €102,694 | +€17,031 | +19.9% |
| Amounts payable within one year | 42/48 | €85,663 | €102,694 | +€17,031 | +19.9% |
| Trade debts | 44 | €21,021 | €38,393 | +€17,372 | +82.6% |
| Suppliers | 440/4 | €21,021 | €38,393 | +€17,372 | +82.6% |
| Taxes, remuneration and social security | 45 | €761 | €420 | -€341 | -44.8% |
| Taxes | 450/3 | €761 | €420 | -€341 | -44.8% |
| Other amounts payable | 47/48 | €63,881 | €63,881 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,864 | - | -€3,864 | |
| Other operating charges | 640/8 | €646 | €332 | -€314 | -48.6% |
| Gross operating margin | 9900 | €4,696 | -€4,883 | -€9,579 | |
| Operating profit (loss) | 9901 | €186 | -€5,215 | -€5,401 | |
| Financial charges | 65/66B | €877 | €747 | -€130 | -14.8% |
| Recurring financial charges | 65 | €335 | €509 | +€174 | +51.9% |
| Non-recurring financial charges | 66B | €542 | €238 | -€304 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | -€691 | -€5,962 | -€5,271 | -762.8% |
| Profit (loss) for the period | 9904 | -€691 | -€5,962 | -€5,271 | -762.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€691 | -€5,962 | -€5,271 | -762.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.