MASUMI GROUP: 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 GROUP
Largest movements
- Receivables within one year +€11,203
up €11,203 (+560%), from €2,000 to €13,203
of which Other amounts receivable: +€9,300
- Cash -€5,578
down €5,578 (-68.1%), from €8,189 to €2,611
mainly Receivables within one year (-€11,203) and Other debts (-€4,516)
- Tangible fixed assets -€371
no longer reported in 2025 (was €371)
- Profit (loss) carried forward +€7,024
up €7,024, from -€308 to €6,715
- Other debts -€4,516
down €4,516 (-98.8%), from €4,570 to €55
- Tax, wage and social debts +€2,445
new in 2025: €2,445
- Trade debts +€301
up €301 (+305%), from €99 to €400
- Taxes +€2,445
new in 2025: €2,445
- Gross operating margin -€2,247
down €2,247 (-18.3%), from €12,260 to €10,012
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 | €10,561 | €15,814 | +€5,253 | +49.7% |
| Fixed assets | 21/28 | €371 | - | -€371 | |
| Tangible fixed assets | 22/27 | €371 | - | -€371 | |
| Furniture and vehicles | 24 | €371 | - | -€371 | |
| Current assets | 29/58 | €10,189 | €15,814 | +€5,624 | +55.2% |
| Amounts receivable within one year | 40/41 | €2,000 | €13,203 | +€11,203 | +560% |
| Trade receivables | 40 | - | €1,903 | +€1,903 | |
| Other amounts receivable | 41 | €2,000 | €11,300 | +€9,300 | +465% |
| Cash at bank and in hand | 54/58 | €8,189 | €2,611 | -€5,578 | -68.1% |
| Total equity and liabilities | 10/49 | €10,561 | €15,814 | +€5,253 | +49.7% |
| Equity | 10/15 | €5,892 | €12,915 | +€7,024 | +119% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€308 | €6,715 | +€7,024 | |
| Amounts payable | 17/49 | €4,669 | €2,899 | -€1,770 | -37.9% |
| Amounts payable within one year | 42/48 | €4,669 | €2,899 | -€1,770 | -37.9% |
| Trade debts | 44 | €99 | €400 | +€301 | +305% |
| Suppliers | 440/4 | €99 | €400 | +€301 | +305% |
| Taxes, remuneration and social security | 45 | - | €2,445 | +€2,445 | |
| Taxes | 450/3 | - | €2,445 | +€2,445 | |
| Other amounts payable | 47/48 | €4,570 | €55 | -€4,516 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €383 | €371 | -€12 | -3.0% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €12,260 | €10,012 | -€2,247 | -18.3% |
| Operating profit (loss) | 9901 | €11,751 | €9,513 | -€2,238 | -19.0% |
| Financial charges | 65/66B | €83 | €45 | -€38 | -45.5% |
| Recurring financial charges | 65 | €83 | €45 | -€38 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €11,668 | €9,468 | -€2,200 | -18.9% |
| Income taxes | 67/77 | - | €2,445 | +€2,445 | |
| Profit (loss) for the period | 9904 | €11,668 | €7,024 | -€4,645 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,668 | €7,024 | -€4,645 | -39.8% |
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 25 October 2026 via checked.be.