MASYBELLE: 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.
MASYBELLE
Largest movements
- Cash -€17,996
down €17,996 (-16.1%), from €111,524 to €93,527
mainly Net result for the year (-€16,474) and Tax, wage and social debts (-€6,649)
- Receivables within one year +€4,838
up €4,838 (+72.5%), from €6,675 to €11,513
- Profit (loss) carried forward -€16,474
down €16,474 (-26.5%), from €62,245 to €45,771
- Trade debts +€7,482
new in 2025: €7,482
- Tax, wage and social debts -€6,649
down €6,649 (-30.0%), from €22,149 to €15,500
of which Remuneration and social security: -€3,448
- Advances received +€2,139
up €2,139 (+179%), from €1,197 to €3,337
- Gross operating margin -€11,436
down €11,436 (-13.1%), from €87,140 to €75,704
- Staff costs +€3,305
up €3,305 (+4.0%), from €82,490 to €85,795
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 | €118,199 | €105,040 | -€13,159 | -11.1% |
| Current assets | 29/58 | €118,199 | €105,040 | -€13,159 | -11.1% |
| Amounts receivable within one year | 40/41 | €6,675 | €11,513 | +€4,838 | +72.5% |
| Other amounts receivable | 41 | €6,675 | €11,513 | +€4,838 | +72.5% |
| Cash at bank and in hand | 54/58 | €111,524 | €93,527 | -€17,996 | -16.1% |
| Total equity and liabilities | 10/49 | €118,199 | €105,040 | -€13,159 | -11.1% |
| Equity | 10/15 | €90,420 | €73,946 | -€16,474 | -18.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,975 | €21,975 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €20,120 | €20,120 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,245 | €45,771 | -€16,474 | -26.5% |
| Amounts payable | 17/49 | €27,779 | €31,094 | +€3,315 | +11.9% |
| Amounts payable within one year | 42/48 | €27,779 | €31,094 | +€3,315 | +11.9% |
| Financial debts | 43 | €2,122 | €2,465 | +€343 | +16.2% |
| Credit institutions | 430/8 | €2,122 | €2,465 | +€343 | +16.2% |
| Trade debts | 44 | - | €7,482 | +€7,482 | |
| Suppliers | 440/4 | - | €7,482 | +€7,482 | |
| Advances received on contracts in progress | 46 | €1,197 | €3,337 | +€2,139 | +179% |
| Taxes, remuneration and social security | 45 | €22,149 | €15,500 | -€6,649 | -30.0% |
| Taxes | 450/3 | €4,730 | €1,529 | -€3,201 | -67.7% |
| Remuneration and social security | 454/9 | €17,419 | €13,972 | -€3,448 | -19.8% |
| Other amounts payable | 47/48 | €2,310 | €2,310 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €82,490 | €85,795 | +€3,305 | +4.0% |
| Other operating charges | 640/8 | €2,789 | €2,921 | +€132 | +4.7% |
| Gross operating margin | 9900 | €87,140 | €75,704 | -€11,436 | -13.1% |
| Operating profit (loss) | 9901 | €1,862 | -€13,011 | -€14,873 | |
| Financial income | 75/76B | €36 | €50 | +€14 | +39.7% |
| Recurring financial income | 75 | €36 | €50 | +€14 | +39.7% |
| Financial charges | 65/66B | €2,945 | €3,213 | +€268 | +9.1% |
| Recurring financial charges | 65 | €2,945 | €3,213 | +€268 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,047 | -€16,174 | -€15,127 | -1,445% |
| Income taxes | 67/77 | €213 | €300 | +€87 | +40.8% |
| Profit (loss) for the period | 9904 | -€1,260 | -€16,474 | -€15,214 | -1,208% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,260 | -€16,474 | -€15,214 | -1,208% |
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 17 October 2026 via checked.be.