Masura: 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.
Masura
Largest movements
- Cash +€5,898
up €5,898 (+19.9%), from €29,641 to €35,539
mainly Other debts (+€4,800) and Depreciation (+€3,344)
- Deferred charges and accrued income +€1,564
up €1,564 (+32.1%), from €4,868 to €6,432
- Tangible fixed assets +€1,272
up €1,272 (+12.4%), from €10,235 to €11,507
- Other debts +€4,800
up €4,800 (+60.6%), from €7,923 to €12,723
- Trade debts +€2,264
up €2,264 (+80.0%), from €2,831 to €5,095
- Tax, wage and social debts +€1,886
up €1,886 (+9.4%), from €20,067 to €21,953
of which Remuneration and social security: +€6,544
- Accrued charges and deferred income +€1,056
up €1,056 (+83.1%), from €1,271 to €2,327
- Profit (loss) carried forward -€1,028
new in 2025: -€1,028
- Gross operating margin -€9,987
down €9,987 (-49.6%), from €20,117 to €10,130
- Other operating charges +€4,643
up €4,643 (+507%), from €916 to €5,559
- Taxes -€4,376
down €4,376 (-70.0%), from €6,247 to €1,871
- Depreciation +€1,268
up €1,268 (+61.1%), from €2,076 to €3,344
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 | €60,131 | €68,865 | +€8,734 | +14.5% |
| Fixed assets | 21/28 | €10,295 | €11,567 | +€1,272 | +12.4% |
| Tangible fixed assets | 22/27 | €10,235 | €11,507 | +€1,272 | +12.4% |
| Furniture and vehicles | 24 | €10,235 | €11,507 | +€1,272 | +12.4% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €49,836 | €57,298 | +€7,462 | +15.0% |
| Amounts receivable within one year | 40/41 | €15,327 | €15,327 | = | 0.0% |
| Trade receivables | 40 | €15,327 | €15,327 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,641 | €35,539 | +€5,898 | +19.9% |
| Deferred charges and accrued income | 490/1 | €4,868 | €6,432 | +€1,564 | +32.1% |
| Total equity and liabilities | 10/49 | €60,131 | €68,865 | +€8,734 | +14.5% |
| Equity | 10/15 | €27,551 | €26,523 | -€1,028 | -3.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €24,051 | €24,051 | = | 0.0% |
| Distributable reserves | 133 | €24,051 | €24,051 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,028 | -€1,028 | |
| Amounts payable | 17/49 | €32,580 | €42,342 | +€9,762 | +30.0% |
| Amounts payable after more than one year | 17 | €488 | €244 | -€244 | -50.0% |
| Financial debts | 170/4 | €488 | €244 | -€244 | -50.0% |
| Amounts payable within one year | 42/48 | €30,821 | €39,771 | +€8,950 | +29.0% |
| Trade debts | 44 | €2,831 | €5,095 | +€2,264 | +80.0% |
| Suppliers | 440/4 | €2,831 | €5,095 | +€2,264 | +80.0% |
| Taxes, remuneration and social security | 45 | €20,067 | €21,953 | +€1,886 | +9.4% |
| Taxes | 450/3 | €20,067 | €15,409 | -€4,658 | -23.2% |
| Remuneration and social security | 454/9 | - | €6,544 | +€6,544 | |
| Other amounts payable | 47/48 | €7,923 | €12,723 | +€4,800 | +60.6% |
| Accrued charges and deferred income | 492/3 | €1,271 | €2,327 | +€1,056 | +83.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,076 | €3,344 | +€1,268 | +61.1% |
| Other operating charges | 640/8 | €916 | €5,559 | +€4,643 | +507% |
| Gross operating margin | 9900 | €20,117 | €10,130 | -€9,987 | -49.6% |
| Operating profit (loss) | 9901 | €17,125 | €1,227 | -€15,898 | -92.8% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €289 | €399 | +€110 | +38.1% |
| Recurring financial charges | 65 | €289 | €399 | +€110 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | €16,836 | €843 | -€15,993 | -95.0% |
| Income taxes | 67/77 | €6,247 | €1,871 | -€4,376 | -70.0% |
| Profit (loss) for the period | 9904 | €10,589 | -€1,028 | -€11,617 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,589 | -€1,028 | -€11,617 |
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 22 October 2026 via checked.be.