MASSS: 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.
MASSS
Largest movements
- Tangible fixed assets -€7,329
down €7,329 (-23.2%), from €31,587 to €24,258
- Receivables within one year +€3,546
new in 2025: €3,546
- Cash -€3,081
down €3,081 (-100.0%), from €3,082 to €1
mainly Receivables within one year (-€3,546) and Tax, wage and social debts (-€3,325)
- Deferred charges and accrued income +€620
up €620 (+14.2%), from €4,365 to €4,985
- Tax, wage and social debts -€3,325
no longer reported in 2025 (was €3,325)
- Debts after one year -€2,922
down €2,922 (-20.4%), from €14,300 to €11,378
- Profit (loss) carried forward +€978
up €978 (+6.9%), from €14,233 to €15,211
- Trade debts -€976
no longer reported in 2025 (was €976)
- Gross operating margin -€33,650
down €33,650 (-77.3%), from €43,523 to €9,873
- Taxes -€6,371
down €6,371 (-87.0%), from €7,325 to €954
- Other operating charges -€1,064
down €1,064 (-65.8%), from €1,615 to €552
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 | €39,034 | €32,790 | -€6,244 | -16.0% |
| Fixed assets | 21/28 | €31,587 | €24,258 | -€7,329 | -23.2% |
| Tangible fixed assets | 22/27 | €31,587 | €24,258 | -€7,329 | -23.2% |
| Plant, machinery and equipment | 23 | €31,587 | €24,258 | -€7,329 | -23.2% |
| Current assets | 29/58 | €7,447 | €8,532 | +€1,085 | +14.6% |
| Amounts receivable within one year | 40/41 | - | €3,546 | +€3,546 | |
| Other amounts receivable | 41 | - | €3,546 | +€3,546 | |
| Cash at bank and in hand | 54/58 | €3,082 | €1 | -€3,081 | -100.0% |
| Deferred charges and accrued income | 490/1 | €4,365 | €4,985 | +€620 | +14.2% |
| Total equity and liabilities | 10/49 | €39,034 | €32,790 | -€6,244 | -16.0% |
| Equity | 10/15 | €20,433 | €21,411 | +€978 | +4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,233 | €15,211 | +€978 | +6.9% |
| Amounts payable | 17/49 | €18,601 | €11,378 | -€7,222 | -38.8% |
| Amounts payable after more than one year | 17 | €14,300 | €11,378 | -€2,922 | -20.4% |
| Other amounts payable | 178/9 | €14,300 | €11,378 | -€2,922 | -20.4% |
| Amounts payable within one year | 42/48 | €4,301 | - | -€4,301 | |
| Trade debts | 44 | €976 | - | -€976 | |
| Suppliers | 440/4 | €976 | - | -€976 | |
| Taxes, remuneration and social security | 45 | €3,325 | - | -€3,325 | |
| Taxes | 450/3 | €3,325 | - | -€3,325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,027 | €7,329 | +€302 | +4.3% |
| Other operating charges | 640/8 | €1,615 | €552 | -€1,064 | -65.8% |
| Gross operating margin | 9900 | €43,523 | €9,873 | -€33,650 | -77.3% |
| Operating profit (loss) | 9901 | €34,880 | €1,992 | -€32,888 | -94.3% |
| Financial charges | 65/66B | €62 | €60 | -€2 | -2.4% |
| Recurring financial charges | 65 | €62 | €60 | -€2 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €34,819 | €1,932 | -€32,887 | -94.5% |
| Income taxes | 67/77 | €7,325 | €954 | -€6,371 | -87.0% |
| Profit (loss) for the period | 9904 | €27,493 | €978 | -€26,515 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,493 | €978 | -€26,515 | -96.4% |
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 17 October 2026 via checked.be.