MASSY: 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.
MASSY
Largest movements
- Cash +€3,375
up €3,375 (+10.8%), from €31,279 to €34,653
mainly Receivables within one year (+€2,909) and Depreciation (+€2,445)
- Receivables within one year -€2,909
down €2,909 (-50.2%), from €5,800 to €2,890
of which Trade receivables: -€3,077
- Tangible fixed assets -€2,445
down €2,445 (-45.6%), from €5,359 to €2,914
of which Furniture and vehicles: -€1,937
- Profit (loss) carried forward +€2,196
up €2,196 (+14.8%), from €14,845 to €17,041
- Trade debts -€1,875
down €1,875 (-93.0%), from €2,016 to €140
- Current portion of long-term debt -€1,546
no longer reported in 2025 (was €1,546)
- Tax, wage and social debts -€475
no longer reported in 2025 (was €475)
- Gross operating margin +€3,806
up €3,806 (+152.8%), from €2,490 to €6,297
- Depreciation -€1,768
down €1,768 (-42.0%), from €4,213 to €2,445
- Taxes +€973
up €973 (+163.7%), from €594 to €1,567
- Financial income -€355
down €355 (-56.4%), from €631 to €275
- Staff costs -€351
no longer reported in 2025 (was €351)
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 | €45,108 | €43,493 | -€1,615 | -3.6% |
| Fixed assets | 21/28 | €5,359 | €2,914 | -€2,445 | -45.6% |
| Tangible fixed assets | 22/27 | €5,359 | €2,914 | -€2,445 | -45.6% |
| Plant, machinery and equipment | 23 | €339 | - | -€339 | |
| Furniture and vehicles | 24 | €4,850 | €2,914 | -€1,937 | -39.9% |
| Leasing and similar rights | 25 | €169 | - | -€169 | |
| Current assets | 29/58 | €39,749 | €40,580 | +€830 | +2.1% |
| Stocks and contracts in progress | 3 | €162 | €243 | +€81 | +50.4% |
| Stocks | 30/36 | €162 | €243 | +€81 | +50.4% |
| Amounts receivable within one year | 40/41 | €5,800 | €2,890 | -€2,909 | -50.2% |
| Trade receivables | 40 | €4,054 | €977 | -€3,077 | -75.9% |
| Other amounts receivable | 41 | €1,746 | €1,914 | +€168 | +9.6% |
| Cash at bank and in hand | 54/58 | €31,279 | €34,653 | +€3,375 | +10.8% |
| Deferred charges and accrued income | 490/1 | €2,509 | €2,793 | +€284 | +11.3% |
| Total equity and liabilities | 10/49 | €45,108 | €43,493 | -€1,615 | -3.6% |
| Equity | 10/15 | €40,845 | €43,041 | +€2,196 | +5.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,845 | €17,041 | +€2,196 | +14.8% |
| Amounts payable | 17/49 | €4,263 | €453 | -€3,810 | -89.4% |
| Amounts payable within one year | 42/48 | €4,037 | €140 | -€3,896 | -96.5% |
| Current portion of amounts payable after more than one year | 42 | €1,546 | - | -€1,546 | |
| Trade debts | 44 | €2,016 | €140 | -€1,875 | -93.0% |
| Suppliers | 440/4 | €2,016 | €140 | -€1,875 | -93.0% |
| Taxes, remuneration and social security | 45 | €475 | - | -€475 | |
| Taxes | 450/3 | €475 | - | -€475 | |
| Accrued charges and deferred income | 492/3 | €227 | €312 | +€86 | +37.9% |
| Remuneration, social security and pensions | 62 | €351 | - | -€351 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,213 | €2,445 | -€1,768 | -42.0% |
| Other operating charges | 640/8 | €146 | €95 | -€51 | -35.0% |
| Gross operating margin | 9900 | €2,490 | €6,297 | +€3,806 | +152.8% |
| Operating profit (loss) | 9901 | -€2,219 | €3,757 | +€5,976 | |
| Financial income | 75/76B | €631 | €275 | -€355 | -56.4% |
| Recurring financial income | 75 | €631 | €275 | -€355 | -56.4% |
| Financial charges | 65/66B | €478 | €269 | -€209 | -43.7% |
| Recurring financial charges | 65 | €478 | €269 | -€209 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,067 | €3,763 | +€5,829 | |
| Income taxes | 67/77 | €594 | €1,567 | +€973 | +163.7% |
| Profit (loss) for the period | 9904 | -€2,661 | €2,196 | +€4,857 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,661 | €2,196 | +€4,857 |
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.