MASUMI: 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.
MASUMI
Largest movements
- Cash -€268
down €268 (-33.3%), from €804 to €536
mainly Net result for the year (-€8,888) and Advances received (-€2,762)
- Tangible fixed assets -€200
no longer reported in 2025 (was €200)
- Trade debts +€13,205
up €13,205 (+879%), from €1,503 to €14,708
- Profit (loss) carried forward -€8,888
down €8,888 (-28.8%), from -€30,828 to -€39,716
- Advances received -€2,762
no longer reported in 2025 (was €2,762)
- Other debts -€1,822
no longer reported in 2025 (was €1,822)
- Accrued charges and deferred income -€179
no longer reported in 2025 (was €179)
- Gross operating margin -€19,428
down €19,428, from €10,526 to -€8,902
- Financial income +€1,058
up €1,058, from €0 to €1,058
- Other operating charges -€596
down €596 (-48.5%), from €1,230 to €634
- Depreciation +€186
up €186 (+1,329%), from €14 to €200
- Financial charges -€168
down €168 (-44.4%), from €378 to €210
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 | €17,416 | €16,970 | -€446 | -2.6% |
| Fixed assets | 21/28 | €200 | - | -€200 | |
| Tangible fixed assets | 22/27 | €200 | - | -€200 | |
| Plant, machinery and equipment | 23 | €200 | - | -€200 | |
| Current assets | 29/58 | €17,216 | €16,970 | -€246 | -1.4% |
| Amounts receivable within one year | 40/41 | €16,412 | €16,434 | +€22 | +0.1% |
| Trade receivables | 40 | €2,779 | €14,708 | +€11,929 | +429% |
| Other amounts receivable | 41 | €13,633 | €1,726 | -€11,907 | -87.3% |
| Cash at bank and in hand | 54/58 | €804 | €536 | -€268 | -33.3% |
| Total equity and liabilities | 10/49 | €17,416 | €16,970 | -€446 | -2.6% |
| Equity | 10/15 | €11,150 | €2,262 | -€8,888 | -79.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €29,578 | €29,578 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €27,718 | €27,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,828 | -€39,716 | -€8,888 | -28.8% |
| Amounts payable | 17/49 | €6,266 | €14,708 | +€8,442 | +135% |
| Amounts payable within one year | 42/48 | €6,087 | €14,708 | +€8,621 | +142% |
| Trade debts | 44 | €1,503 | €14,708 | +€13,205 | +879% |
| Suppliers | 440/4 | €1,503 | €14,708 | +€13,205 | +879% |
| Advances received on contracts in progress | 46 | €2,762 | - | -€2,762 | |
| Other amounts payable | 47/48 | €1,822 | - | -€1,822 | |
| Accrued charges and deferred income | 492/3 | €179 | - | -€179 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14 | €200 | +€186 | +1,329% |
| Other operating charges | 640/8 | €1,230 | €634 | -€596 | -48.5% |
| Gross operating margin | 9900 | €10,526 | -€8,902 | -€19,428 | |
| Operating profit (loss) | 9901 | €9,282 | -€9,736 | -€19,018 | |
| Financial income | 75/76B | €0 | €1,058 | +€1,058 | |
| Recurring financial income | 75 | €0 | €1,058 | +€1,058 | |
| Financial charges | 65/66B | €378 | €210 | -€168 | -44.4% |
| Recurring financial charges | 65 | €378 | €210 | -€168 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €8,904 | -€8,888 | -€17,792 | |
| Profit (loss) for the period | 9904 | €8,904 | -€8,888 | -€17,792 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,904 | -€8,888 | -€17,792 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.