PLACE MASUI 4: 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.
PLACE MASUI 4
Largest movements
- Stocks and contracts +€10,515
up €10,515 (+9.7%), from €108,925 to €119,440
- Receivables within one year +€3,001
up €3,001 (+145%), from €2,070 to €5,072
- Other debts +€12,822
up €12,822 (+11.9%), from €107,732 to €120,554
- Gross operating margin -€808
down €808 (-56.6%), from €1,428 to €619
- Other operating charges -€456
down €456 (-49.1%), from €928 to €472
- Financial charges -€353
down €353 (-70.6%), from €500 to €147
From the 2023 result to the 2024 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,018 | €124,603 | +€13,585 | +12.2% |
| Current assets | 29/58 | €111,018 | €124,603 | +€13,585 | +12.2% |
| Stocks and contracts in progress | 3 | €108,925 | €119,440 | +€10,515 | +9.7% |
| Stocks | 30/36 | €108,925 | €119,440 | +€10,515 | +9.7% |
| Amounts receivable within one year | 40/41 | €2,070 | €5,072 | +€3,001 | +145% |
| Other amounts receivable | 41 | €2,070 | €5,072 | +€3,001 | +145% |
| Cash at bank and in hand | 54/58 | €22 | €91 | +€68 | +305% |
| Total equity and liabilities | 10/49 | €111,018 | €124,603 | +€13,585 | +12.2% |
| Equity | 10/15 | €2,500 | €2,500 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable | 17/49 | €108,518 | €122,103 | +€13,585 | +12.5% |
| Amounts payable within one year | 42/48 | €108,518 | €122,103 | +€13,585 | +12.5% |
| Trade debts | 44 | €787 | €1,549 | +€762 | +96.9% |
| Suppliers | 440/4 | €787 | €1,549 | +€762 | +96.9% |
| Other amounts payable | 47/48 | €107,732 | €120,554 | +€12,822 | +11.9% |
| Other operating charges | 640/8 | €928 | €472 | -€456 | -49.1% |
| Gross operating margin | 9900 | €1,428 | €619 | -€808 | -56.6% |
| Operating profit (loss) | 9901 | €500 | €147 | -€353 | -70.6% |
| Financial charges | 65/66B | €500 | €147 | -€353 | -70.6% |
| Recurring financial charges | 65 | €500 | €147 | -€353 | -70.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.