MASSOO: 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.
MASSOO
Largest movements
- Cash +€67,848
up €67,848 (+16.5%), from €410,154 to €478,002
mainly Net result for the year (+€91,212) and Receivables within one year (+€12,740)
- Stocks and contracts +€16,347
up €16,347 (+20.8%), from €78,525 to €94,872
- Receivables within one year -€12,740
down €12,740 (-20.4%), from €62,316 to €49,576
of which Other amounts receivable: -€10,598
- Reserves +€66,212
up €66,212 (+14.0%), from €473,297 to €539,509
of which Distributable reserves: +€64,079
- Other debts -€10,000
down €10,000 (-28.6%), from €35,000 to €25,000
- Tax, wage and social debts +€7,843
up €7,843 (+140%), from €5,617 to €13,460
- Gross operating margin +€36,280
up €36,280 (+31.1%), from €116,620 to €152,900
- Financial income +€10,251
up €10,251 (+378%), from €2,709 to €12,960
- Staff costs +€9,593
up €9,593 (+39.1%), from €24,510 to €34,103
- Taxes +€6,061
up €6,061 (+24.4%), from €24,812 to €30,873
- Provisions +€2,718
up €2,718, from -€718 to €2,000
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 | €559,224 | €627,384 | +€68,160 | +12.2% |
| Fixed assets | 21/28 | €8,229 | €4,934 | -€3,295 | -40.0% |
| Intangible fixed assets | 21 | €4,632 | €2,603 | -€2,029 | -43.8% |
| Tangible fixed assets | 22/27 | €3,597 | €2,331 | -€1,266 | -35.2% |
| Plant, machinery and equipment | 23 | €3,597 | €2,331 | -€1,266 | -35.2% |
| Current assets | 29/58 | €550,995 | €622,450 | +€71,455 | +13.0% |
| Stocks and contracts in progress | 3 | €78,525 | €94,872 | +€16,347 | +20.8% |
| Stocks | 30/36 | €78,525 | €94,872 | +€16,347 | +20.8% |
| Amounts receivable within one year | 40/41 | €62,316 | €49,576 | -€12,740 | -20.4% |
| Trade receivables | 40 | €46,389 | €44,247 | -€2,142 | -4.6% |
| Other amounts receivable | 41 | €15,927 | €5,329 | -€10,598 | -66.5% |
| Cash at bank and in hand | 54/58 | €410,154 | €478,002 | +€67,848 | +16.5% |
| Total equity and liabilities | 10/49 | €559,224 | €627,384 | +€68,160 | +12.2% |
| Equity | 10/15 | €491,897 | €558,109 | +€66,212 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €473,297 | €539,509 | +€66,212 | +14.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,127 | €3,260 | +€2,133 | +189% |
| Distributable reserves | 133 | €470,310 | €534,389 | +€64,079 | +13.6% |
| Provisions and deferred taxes | 16 | €11,115 | €13,115 | +€2,000 | +18.0% |
| Provisions for liabilities and charges | 160/5 | €11,115 | €13,115 | +€2,000 | +18.0% |
| Major repairs and maintenance | 162 | €11,115 | €13,115 | +€2,000 | +18.0% |
| Amounts payable | 17/49 | €56,212 | €56,160 | -€52 | -0.1% |
| Amounts payable within one year | 42/48 | €56,212 | €56,160 | -€52 | -0.1% |
| Trade debts | 44 | €15,595 | €17,700 | +€2,105 | +13.5% |
| Suppliers | 440/4 | €15,595 | €17,700 | +€2,105 | +13.5% |
| Taxes, remuneration and social security | 45 | €5,617 | €13,460 | +€7,843 | +140% |
| Taxes | 450/3 | €5,617 | €13,460 | +€7,843 | +140% |
| Other amounts payable | 47/48 | €35,000 | €25,000 | -€10,000 | -28.6% |
| Remuneration, social security and pensions | 62 | €24,510 | €34,103 | +€9,593 | +39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,665 | €3,295 | -€370 | -10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€168 | -€168 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€718 | €2,000 | +€2,718 | |
| Other operating charges | 640/8 | €1,583 | €2,015 | +€432 | +27.3% |
| Gross operating margin | 9900 | €116,620 | €152,900 | +€36,280 | +31.1% |
| Operating profit (loss) | 9901 | €87,748 | €111,655 | +€23,907 | +27.2% |
| Financial income | 75/76B | €2,709 | €12,960 | +€10,251 | +378% |
| Recurring financial income | 75 | €2,709 | €12,960 | +€10,251 | +378% |
| Financial charges | 65/66B | €858 | €2,530 | +€1,672 | +195% |
| Recurring financial charges | 65 | €858 | €2,530 | +€1,672 | +195% |
| Profit (loss) for the period before taxes | 9903 | €89,599 | €122,085 | +€32,486 | +36.3% |
| Income taxes | 67/77 | €24,812 | €30,873 | +€6,061 | +24.4% |
| Profit (loss) for the period | 9904 | €64,787 | €91,212 | +€26,425 | +40.8% |
| Transfer to tax-exempt reserves | 689 | - | €2,133 | +€2,133 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,787 | €89,079 | +€24,292 | +37.5% |
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 13 October 2026 via checked.be.