MASY HOLDING: 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 HOLDING
Largest movements
- Tangible fixed assets +€290,193
up €290,193 (+66.0%), from €439,843 to €730,037
of which Land and buildings: +€293,130
- Receivables within one year +€60,660
up €60,660 (+10.2%), from €593,191 to €653,851
of which Other amounts receivable: +€134,570
- Debts after one year +€220,945
up €220,945 (+83.1%), from €265,831 to €486,776
- Other debts +€58,119
up €58,119 (+46.0%), from €126,397 to €184,516
- Reserves +€40,087
up €40,087 (+7.0%), from €570,786 to €610,873
- Current portion of long-term debt +€27,572
up €27,572 (+90.9%), from €30,337 to €57,909
- Other operating charges +€46,519
up €46,519 (+639%), from €7,284 to €53,803
- Gross operating margin +€18,003
up €18,003 (+11.2%), from €161,210 to €179,213
- Taxes -€10,209
down €10,209 (-44.9%), from €22,725 to €12,516
- Financial charges +€7,603
up €7,603 (+42.0%), from €18,094 to €25,697
- Staff costs +€7,208
up €7,208 (+251%), from €2,874 to €10,082
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 | €1,048,812 | €1,388,853 | +€340,041 | +32.4% |
| Fixed assets | 21/28 | €440,243 | €730,537 | +€290,293 | +65.9% |
| Tangible fixed assets | 22/27 | €439,843 | €730,037 | +€290,193 | +66.0% |
| Land and buildings | 22 | €427,394 | €720,524 | +€293,130 | +68.6% |
| Plant, machinery and equipment | 23 | €1,641 | €1,883 | +€242 | +14.7% |
| Furniture and vehicles | 24 | €10,808 | €7,630 | -€3,178 | -29.4% |
| Financial fixed assets | 28 | €400 | €500 | +€100 | +25.0% |
| Current assets | 29/58 | €608,569 | €658,316 | +€49,747 | +8.2% |
| Amounts receivable within one year | 40/41 | €593,191 | €653,851 | +€60,660 | +10.2% |
| Trade receivables | 40 | €73,910 | €0 | -€73,910 | -100% |
| Other amounts receivable | 41 | €519,281 | €653,851 | +€134,570 | +25.9% |
| Cash at bank and in hand | 54/58 | €9,469 | €0 | -€9,469 | -100% |
| Deferred charges and accrued income | 490/1 | €5,908 | €4,465 | -€1,443 | -24.4% |
| Total equity and liabilities | 10/49 | €1,048,812 | €1,388,853 | +€340,041 | +32.4% |
| Equity | 10/15 | €589,386 | €629,473 | +€40,087 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €570,786 | €610,873 | +€40,087 | +7.0% |
| Distributable reserves | 133 | €570,786 | €610,873 | +€40,087 | +7.0% |
| Amounts payable | 17/49 | €459,426 | €759,380 | +€299,954 | +65.3% |
| Amounts payable after more than one year | 17 | €265,831 | €486,776 | +€220,945 | +83.1% |
| Financial debts | 170/4 | €265,831 | €486,776 | +€220,945 | +83.1% |
| Amounts payable within one year | 42/48 | €193,595 | €270,588 | +€76,993 | +39.8% |
| Current portion of amounts payable after more than one year | 42 | €30,337 | €57,909 | +€27,572 | +90.9% |
| Financial debts | 43 | €0 | €5,104 | +€5,104 | |
| Credit institutions | 430/8 | €0 | €5,104 | +€5,104 | |
| Trade debts | 44 | €5,868 | €2,053 | -€3,815 | -65.0% |
| Suppliers | 440/4 | €5,868 | €2,053 | -€3,815 | -65.0% |
| Taxes, remuneration and social security | 45 | €30,993 | €21,007 | -€9,986 | -32.2% |
| Taxes | 450/3 | €30,993 | €19,757 | -€11,236 | -36.3% |
| Remuneration and social security | 454/9 | €0 | €1,250 | +€1,250 | |
| Other amounts payable | 47/48 | €126,397 | €184,516 | +€58,119 | +46.0% |
| Accrued charges and deferred income | 492/3 | €0 | €2,015 | +€2,015 | |
| Remuneration, social security and pensions | 62 | €2,874 | €10,082 | +€7,208 | +251% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,959 | €37,029 | +€7,070 | +23.6% |
| Other operating charges | 640/8 | €7,284 | €53,803 | +€46,519 | +639% |
| Gross operating margin | 9900 | €161,210 | €179,213 | +€18,003 | +11.2% |
| Operating profit (loss) | 9901 | €121,094 | €78,299 | -€42,795 | -35.3% |
| Financial income | 75/76B | €44 | €1 | -€43 | -97.7% |
| Recurring financial income | 75 | €44 | €1 | -€43 | -97.7% |
| Financial charges | 65/66B | €18,094 | €25,697 | +€7,603 | +42.0% |
| Recurring financial charges | 65 | €18,094 | €25,697 | +€7,603 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | €103,044 | €52,603 | -€50,440 | -49.0% |
| Income taxes | 67/77 | €22,725 | €12,516 | -€10,209 | -44.9% |
| Profit (loss) for the period | 9904 | €80,318 | €40,087 | -€40,232 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €80,318 | €40,087 | -€40,232 | -50.1% |
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 24 October 2026 via checked.be.