Masy Consult: 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.
Masy Consult
Largest movements
- Receivables after one year +€50,716
up €50,716 (+86.2%), from €58,851 to €109,567
of which Trade receivables: +€97,448
- Cash -€18,557
down €18,557 (-74.0%), from €25,070 to €6,513
mainly Receivables after one year (-€50,716) and Tax, wage and social debts (-€16,938)
- Tangible fixed assets +€6,687
up €6,687 (+155%), from €4,315 to €11,003
- Receivables within one year -€4,079
down €4,079 (-47.4%), from €8,600 to €4,522
of which Other amounts receivable: -€4,079
- Accrued charges and deferred income +€28,800
new in 2025: €28,800
- Tax, wage and social debts -€16,938
down €16,938 (-84.9%), from €19,947 to €3,009
of which Taxes: -€16,658
- Profit (loss) carried forward +€9,998
up €9,998 (+14.2%), from €70,549 to €80,547
- Debts after one year +€9,699
new in 2025: €9,699
- Short-term financial debts +€5,522
new in 2025: €5,522
- Gross operating margin -€4,085
down €4,085 (-17.7%), from €23,143 to €19,058
- Taxes -€2,249
down €2,249 (-44.6%), from €5,038 to €2,789
- Depreciation +€1,421
up €1,421 (+26.0%), from €5,473 to €6,894
- Financial income +€1,026
up €1,026 (+90.8%), from €1,129 to €2,155
- Write-downs -€872
new in 2025: -€872
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 | €98,771 | €134,401 | +€35,630 | +36.1% |
| Fixed assets | 21/28 | €4,325 | €11,013 | +€6,687 | +155% |
| Tangible fixed assets | 22/27 | €4,315 | €11,003 | +€6,687 | +155% |
| Furniture and vehicles | 24 | €4,315 | €11,003 | +€6,687 | +155% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €94,445 | €123,388 | +€28,943 | +30.6% |
| Amounts receivable after more than one year | 29 | €58,851 | €109,567 | +€50,716 | +86.2% |
| Trade receivables | 290 | - | €97,448 | +€97,448 | |
| Other amounts receivable | 291 | €58,851 | €12,119 | -€46,732 | -79.4% |
| Amounts receivable within one year | 40/41 | €8,600 | €4,522 | -€4,079 | -47.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €8,600 | €4,522 | -€4,079 | -47.4% |
| Cash at bank and in hand | 54/58 | €25,070 | €6,513 | -€18,557 | -74.0% |
| Deferred charges and accrued income | 490/1 | €1,925 | €2,787 | +€862 | +44.8% |
| Total equity and liabilities | 10/49 | €98,771 | €134,401 | +€35,630 | +36.1% |
| Equity | 10/15 | €73,549 | €83,547 | +€9,998 | +13.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,549 | €80,547 | +€9,998 | +14.2% |
| Amounts payable | 17/49 | €25,221 | €50,854 | +€25,633 | +102% |
| Amounts payable after more than one year | 17 | - | €9,699 | +€9,699 | |
| Financial debts | 170/4 | - | €9,699 | +€9,699 | |
| Amounts payable within one year | 42/48 | €25,221 | €12,355 | -€12,866 | -51.0% |
| Financial debts | 43 | - | €5,522 | +€5,522 | |
| Credit institutions | 430/8 | - | €5,522 | +€5,522 | |
| Trade debts | 44 | €5,264 | €3,814 | -€1,450 | -27.5% |
| Suppliers | 440/4 | €5,264 | €3,814 | -€1,450 | -27.5% |
| Taxes, remuneration and social security | 45 | €19,947 | €3,009 | -€16,938 | -84.9% |
| Taxes | 450/3 | €19,363 | €2,705 | -€16,658 | -86.0% |
| Remuneration and social security | 454/9 | €584 | €304 | -€280 | -47.9% |
| Other amounts payable | 47/48 | €10 | €10 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €28,800 | +€28,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,473 | €6,894 | +€1,421 | +26.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€872 | -€872 | |
| Other operating charges | 640/8 | €1,217 | €1,427 | +€210 | +17.3% |
| Gross operating margin | 9900 | €23,143 | €19,058 | -€4,085 | -17.7% |
| Operating profit (loss) | 9901 | €16,453 | €11,609 | -€4,844 | -29.4% |
| Financial income | 75/76B | €1,129 | €2,155 | +€1,026 | +90.8% |
| Recurring financial income | 75 | €1,129 | €2,155 | +€1,026 | +90.8% |
| Financial charges | 65/66B | €325 | €977 | +€651 | +200% |
| Recurring financial charges | 65 | €325 | €977 | +€651 | +200% |
| Profit (loss) for the period before taxes | 9903 | €17,256 | €12,787 | -€4,470 | -25.9% |
| Income taxes | 67/77 | €5,038 | €2,789 | -€2,249 | -44.6% |
| Profit (loss) for the period | 9904 | €12,218 | €9,998 | -€2,221 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,218 | €9,998 | -€2,221 | -18.2% |
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 16 October 2026 via checked.be.