J.MASTOUR: 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.
J.MASTOUR
Largest movements
- Receivables within one year +€11,924
up €11,924 (+61,054%), from €20 to €11,943
of which Trade receivables: +€11,943
- Cash +€4,946
up €4,946 (+32.6%), from €15,183 to €20,128
mainly Depreciation (+€13,774) and Net result for the year (+€9,788)
- Stocks and contracts +€2,810
up €2,810 (+3.1%), from €89,498 to €92,308
- Debts after one year -€10,945
down €10,945 (-27.7%), from €39,442 to €28,497
- Profit (loss) carried forward +€9,788
up €9,788, from -€7,530 to €2,258
- Other debts +€8,600
up €8,600 (+13.9%), from €61,658 to €70,258
- Advances received +€6,506
up €6,506 (+1,149%), from €566 to €7,072
- Tax, wage and social debts +€5,684
up €5,684 (+167%), from €3,403 to €9,087
- Depreciation +€5,651
up €5,651 (+69.6%), from €8,123 to €13,774
- Other operating charges +€4,215
up €4,215 (+393%), from €1,072 to €5,287
- Gross operating margin +€3,493
up €3,493 (+11.2%), from €31,208 to €34,701
- Taxes +€3,236
new in 2025: €3,236
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 | €129,333 | €150,647 | +€21,314 | +16.5% |
| Fixed assets | 21/28 | €24,491 | €25,967 | +€1,476 | +6.0% |
| Tangible fixed assets | 22/27 | €24,429 | €25,905 | +€1,476 | +6.0% |
| Land and buildings | 22 | €21,000 | €14,000 | -€7,000 | -33.3% |
| Furniture and vehicles | 24 | €825 | €10,011 | +€9,186 | +1,114% |
| Other tangible fixed assets | 26 | €2,604 | €1,894 | -€710 | -27.3% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €104,842 | €124,680 | +€19,838 | +18.9% |
| Stocks and contracts in progress | 3 | €89,498 | €92,308 | +€2,810 | +3.1% |
| Stocks | 30/36 | €89,498 | €92,308 | +€2,810 | +3.1% |
| Amounts receivable within one year | 40/41 | €20 | €11,943 | +€11,924 | +61,054% |
| Trade receivables | 40 | - | €11,943 | +€11,943 | |
| Other amounts receivable | 41 | €20 | - | -€20 | |
| Cash at bank and in hand | 54/58 | €15,183 | €20,128 | +€4,946 | +32.6% |
| Deferred charges and accrued income | 490/1 | €142 | €301 | +€158 | +111% |
| Total equity and liabilities | 10/49 | €129,333 | €150,647 | +€21,314 | +16.5% |
| Equity | 10/15 | €11,620 | €21,408 | +€9,788 | +84.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €600 | €600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €600 | €600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,530 | €2,258 | +€9,788 | |
| Amounts payable | 17/49 | €117,714 | €129,240 | +€11,526 | +9.8% |
| Amounts payable after more than one year | 17 | €39,442 | €28,497 | -€10,945 | -27.7% |
| Financial debts | 170/4 | €39,442 | €28,497 | -€10,945 | -27.7% |
| Amounts payable within one year | 42/48 | €78,272 | €100,443 | +€22,171 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €11,185 | €10,945 | -€240 | -2.1% |
| Trade debts | 44 | €1,461 | €3,082 | +€1,621 | +111% |
| Suppliers | 440/4 | €1,461 | €3,082 | +€1,621 | +111% |
| Advances received on contracts in progress | 46 | €566 | €7,072 | +€6,506 | +1,149% |
| Taxes, remuneration and social security | 45 | €3,403 | €9,087 | +€5,684 | +167% |
| Taxes | 450/3 | €3,403 | €9,087 | +€5,684 | +167% |
| Other amounts payable | 47/48 | €61,658 | €70,258 | +€8,600 | +13.9% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,123 | €13,774 | +€5,651 | +69.6% |
| Other operating charges | 640/8 | €1,072 | €5,287 | +€4,215 | +393% |
| Gross operating margin | 9900 | €31,208 | €34,701 | +€3,493 | +11.2% |
| Operating profit (loss) | 9901 | €22,013 | €15,640 | -€6,373 | -29.0% |
| Financial income | 75/76B | €0 | €10 | +€10 | +23,775% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +23,775% |
| Financial charges | 65/66B | €2,699 | €2,626 | -€73 | -2.7% |
| Recurring financial charges | 65 | €2,699 | €2,626 | -€73 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €19,314 | €13,024 | -€6,290 | -32.6% |
| Income taxes | 67/77 | - | €3,236 | +€3,236 | |
| Profit (loss) for the period | 9904 | €19,314 | €9,788 | -€9,527 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,314 | €9,788 | -€9,527 | -49.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.