FML Mastyflex Belgium: 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.
FML Mastyflex Belgium
Largest movements
- Tangible fixed assets +€186,793
up €186,793 (+411%), from €45,409 to €232,202
of which Plant, machinery and equipment: +€194,224
- Cash -€19,340
down €19,340 (-93.8%), from €20,629 to €1,289
mainly Investment in fixed assets (net) (-€230,931) and Deferred charges and accrued income (-€618)
- Receivables within one year -€14,092
down €14,092 (-100%), from €14,092 to €0
of which Other amounts receivable: -€14,092
- Other debts +€99,278
new in 2025: €99,278
- Reserves +€23,597
up €23,597 (+219%), from €10,787 to €34,384
of which Distributable reserves: +€19,397
- Trade debts +€13,053
up €13,053, from €0 to €13,053
- Debts after one year +€10,884
up €10,884 (+171%), from €6,360 to €17,244
- Tax, wage and social debts +€7,855
up €7,855 (+1,680%), from €467 to €8,323
- Gross operating margin +€68,187
up €68,187 (+446%), from €15,298 to €83,486
- Depreciation +€35,714
up €35,714 (+424%), from €8,425 to €44,139
- Taxes +€7,870
up €7,870 (+1,683%), from €468 to €8,337
- Financial charges +€4,317
up €4,317 (+1,692%), from €255 to €4,573
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 | €80,304 | €234,282 | +€153,978 | +192% |
| Fixed assets | 21/28 | €45,409 | €232,202 | +€186,793 | +411% |
| Tangible fixed assets | 22/27 | €45,409 | €232,202 | +€186,793 | +411% |
| Land and buildings | 22 | €41,910 | €34,479 | -€7,431 | -17.7% |
| Plant, machinery and equipment | 23 | €3,500 | €197,724 | +€194,224 | +5,549% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €34,895 | €2,080 | -€32,815 | -94.0% |
| Amounts receivable within one year | 40/41 | €14,092 | €0 | -€14,092 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €14,092 | €0 | -€14,092 | -100% |
| Cash at bank and in hand | 54/58 | €20,629 | €1,289 | -€19,340 | -93.8% |
| Deferred charges and accrued income | 490/1 | €173 | €791 | +€618 | +357% |
| Total equity and liabilities | 10/49 | €80,304 | €234,282 | +€153,978 | +192% |
| Equity | 10/15 | €73,477 | €96,384 | +€22,907 | +31.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €10,787 | €34,384 | +€23,597 | +219% |
| Non-distributable reserves | 130/1 | €2,000 | €6,200 | +€4,200 | +210% |
| Legal reserve | 130 | €2,000 | €6,200 | +€4,200 | +210% |
| Distributable reserves | 133 | €8,787 | €28,184 | +€19,397 | +221% |
| Profit (loss) carried forward | 14 | €690 | €0 | -€690 | -100% |
| Amounts payable | 17/49 | €6,827 | €137,898 | +€131,071 | +1,920% |
| Amounts payable after more than one year | 17 | €6,360 | €17,244 | +€10,884 | +171% |
| Other amounts payable | 178/9 | €6,360 | €17,244 | +€10,884 | +171% |
| Amounts payable within one year | 42/48 | €467 | €120,654 | +€120,187 | +25,712% |
| Trade debts | 44 | €0 | €13,053 | +€13,053 | |
| Suppliers | 440/4 | €0 | €13,053 | +€13,053 | |
| Taxes, remuneration and social security | 45 | €467 | €8,323 | +€7,855 | +1,680% |
| Taxes | 450/3 | €467 | €8,323 | +€7,855 | +1,680% |
| Other amounts payable | 47/48 | - | €99,278 | +€99,278 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,425 | €44,139 | +€35,714 | +424% |
| Other operating charges | 640/8 | €3,451 | €3,579 | +€128 | +3.7% |
| Non-recurring operating charges | 66A | €236 | €0 | -€236 | -100% |
| Gross operating margin | 9900 | €15,298 | €83,486 | +€68,187 | +446% |
| Operating profit (loss) | 9901 | €3,186 | €35,768 | +€32,582 | +1,023% |
| Financial income | 75/76B | €1 | €48 | +€47 | +4,265% |
| Recurring financial income | 75 | €1 | €48 | +€47 | +4,265% |
| Financial charges | 65/66B | €255 | €4,573 | +€4,317 | +1,692% |
| Recurring financial charges | 65 | €255 | €4,573 | +€4,317 | +1,692% |
| Profit (loss) for the period before taxes | 9903 | €2,932 | €31,244 | +€28,311 | +965% |
| Income taxes | 67/77 | €468 | €8,337 | +€7,870 | +1,683% |
| Profit (loss) for the period | 9904 | €2,465 | €22,907 | +€20,442 | +829% |
| Profit (loss) for the period to be appropriated | 9905 | €2,465 | €22,907 | +€20,442 | +829% |
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 27 October 2026 via checked.be.