GLOBAL MAST: 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.
GLOBAL MAST
Largest movements
- Cash +€2,958
up €2,958 (+59.1%), from €5,003 to €7,961
mainly Receivables within one year (+€1,858) and Tax, wage and social debts (+€1,424)
- Receivables within one year -€1,858
no longer reported in 2025 (was €1,858)
- Stocks and contracts -€238
down €238 (-32.8%), from €727 to €489
- Advances received -€2,249
no longer reported in 2025 (was €2,249)
- Tax, wage and social debts +€1,424
up €1,424 (+44.2%), from €3,224 to €4,648
of which Remuneration and social security: +€1,488
- Profit (loss) carried forward +€1,225
up €1,225 (+17.0%), from -€7,214 to -€5,989
- Trade debts +€426
up €426 (+411%), from €104 to €530
- Gross operating margin +€12,547
up €12,547, from -€176 to €12,371
- Staff costs +€9,614
up €9,614 (+976%), from €985 to €10,600
- Depreciation -€1,024
down €1,024 (-94.3%), from €1,085 to €62
- Other operating charges -€737
no longer reported in 2025 (was €737)
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 | €9,940 | €10,768 | +€827 | +8.3% |
| Fixed assets | 21/28 | €1,662 | €1,600 | -€62 | -3.7% |
| Tangible fixed assets | 22/27 | €62 | - | -€62 | |
| Other tangible fixed assets | 26 | €62 | - | -€62 | |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €8,279 | €9,168 | +€889 | +10.7% |
| Stocks and contracts in progress | 3 | €727 | €489 | -€238 | -32.8% |
| Stocks | 30/36 | €727 | €489 | -€238 | -32.8% |
| Amounts receivable within one year | 40/41 | €1,858 | - | -€1,858 | |
| Trade receivables | 40 | €1,858 | - | -€1,858 | |
| Cash at bank and in hand | 54/58 | €5,003 | €7,961 | +€2,958 | +59.1% |
| Deferred charges and accrued income | 490/1 | €691 | €718 | +€27 | +3.9% |
| Total equity and liabilities | 10/49 | €9,940 | €10,768 | +€827 | +8.3% |
| Equity | 10/15 | -€5,214 | -€3,989 | +€1,225 | +23.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,214 | -€5,989 | +€1,225 | +17.0% |
| Amounts payable | 17/49 | €15,154 | €14,757 | -€398 | -2.6% |
| Amounts payable after more than one year | 17 | €9,000 | €9,000 | = | 0.0% |
| Financial debts | 170/4 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,154 | €5,757 | -€398 | -6.5% |
| Trade debts | 44 | €104 | €530 | +€426 | +411% |
| Suppliers | 440/4 | €104 | €530 | +€426 | +411% |
| Advances received on contracts in progress | 46 | €2,249 | - | -€2,249 | |
| Taxes, remuneration and social security | 45 | €3,224 | €4,648 | +€1,424 | +44.2% |
| Taxes | 450/3 | €3,154 | €3,089 | -€65 | -2.1% |
| Remuneration and social security | 454/9 | €70 | €1,558 | +€1,488 | +2,121% |
| Other amounts payable | 47/48 | €578 | €579 | +€1 | +0.2% |
| Remuneration, social security and pensions | 62 | €985 | €10,600 | +€9,614 | +976% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,085 | €62 | -€1,024 | -94.3% |
| Other operating charges | 640/8 | €737 | - | -€737 | |
| Gross operating margin | 9900 | -€176 | €12,371 | +€12,547 | |
| Operating profit (loss) | 9901 | -€2,983 | €1,710 | +€4,693 | |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €594 | €511 | -€83 | -14.0% |
| Recurring financial charges | 65 | €594 | €511 | -€83 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,577 | €1,225 | +€4,802 | |
| Profit (loss) for the period | 9904 | -€3,577 | €1,225 | +€4,802 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,577 | €1,225 | +€4,802 |
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 25 October 2026 via checked.be.