MAST COMPANY: what changed
What changed
MAST COMPANY
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€72,183
2024 · €9,543+€62,640
Equity
€18,265
2024 · -€53,918+€72,183
Cash
€59,458
2024 · €49,242+€10,216
Balance sheet total
€1.6m
2024 · €1.5m+€25,938
Largest movements
Assets
- Receivables within one year +€26,076
up €26,076 (+128%), from €20,426 to €46,502
of which Trade receivables: +€26,076
Equity and liabilities
- Debts after one year -€87,412
down €87,412 (-12.1%), from €724,912 to €637,500
- Profit (loss) carried forward +€72,183
up €72,183 (+92.3%), from -€78,218 to -€6,035
- Other debts +€43,346
up €43,346 (+5.5%), from €781,472 to €824,818
Income statement
- Gross operating margin +€48,029
up €48,029 (+61.6%), from €78,030 to €126,059
- Financial charges -€10,382
down €10,382 (-24.4%), from €42,619 to €32,237
- Taxes -€2,755
down €2,755 (-88.4%), from €3,117 to €362
- Other operating charges -€1,475
down €1,475 (-17.9%), from €8,257 to €6,783
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€9,543
Gross operating margin
+€48,029
Other operating charges
+€1,475
Financial charges
+€10,382
Taxes
+€2,755
Result 2025
€72,183
raises the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€99,346
Investment
€0
Financing
-€89,131
Cash 2024
€49,242
From operations (derived)
+€99,346
Net result for the year
+€72,183
Depreciation
+€14,494
Receivables within one year
-€26,076
Deferred charges and accrued income
-€4,140
Trade debts
-€556
Tax, wage and social debts
+€95
Other debts
+€43,346
Financing
-€89,131
Debts after one year
-€87,412
Current portion of long-term debt
-€1,719
Cash 2025
€59,458
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,547,503 | €1,573,441 | +€25,938 | +1.7% |
| Fixed assets | 21/28 | €1,474,756 | €1,460,262 | -€14,494 | -1.0% |
| Tangible fixed assets | 22/27 | €1,474,756 | €1,460,262 | -€14,494 | -1.0% |
| Land and buildings | 22 | €1,449,806 | €1,449,806 | = | 0.0% |
| Leasing and similar rights | 25 | €24,950 | €10,457 | -€14,494 | -58.1% |
| Current assets | 29/58 | €72,747 | €113,179 | +€40,432 | +55.6% |
| Amounts receivable within one year | 40/41 | €20,426 | €46,502 | +€26,076 | +128% |
| Trade receivables | 40 | €104 | €26,180 | +€26,076 | +25,139% |
| Other amounts receivable | 41 | €20,322 | €20,322 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €49,242 | €59,458 | +€10,216 | +20.7% |
| Deferred charges and accrued income | 490/1 | €3,079 | €7,219 | +€4,140 | +134% |
| Total equity and liabilities | 10/49 | €1,547,503 | €1,573,441 | +€25,938 | +1.7% |
| Equity | 10/15 | -€53,918 | €18,265 | +€72,183 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €4,300 | €4,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,300 | €4,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,300 | €4,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,218 | -€6,035 | +€72,183 | +92.3% |
| Amounts payable | 17/49 | €1,601,421 | €1,555,176 | -€46,245 | -2.9% |
| Amounts payable after more than one year | 17 | €724,912 | €637,500 | -€87,412 | -12.1% |
| Financial debts | 170/4 | €724,912 | €637,500 | -€87,412 | -12.1% |
| Amounts payable within one year | 42/48 | €876,509 | €917,676 | +€41,166 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €89,131 | €87,412 | -€1,719 | -1.9% |
| Trade debts | 44 | €4,275 | €3,719 | -€556 | -13.0% |
| Suppliers | 440/4 | €4,275 | €3,719 | -€556 | -13.0% |
| Taxes, remuneration and social security | 45 | €1,632 | €1,727 | +€95 | +5.8% |
| Taxes | 450/3 | €1,632 | €1,727 | +€95 | +5.8% |
| Other amounts payable | 47/48 | €781,472 | €824,818 | +€43,346 | +5.5% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,494 | €14,494 | = | 0.0% |
| Other operating charges | 640/8 | €8,257 | €6,783 | -€1,475 | -17.9% |
| Gross operating margin | 9900 | €78,030 | €126,059 | +€48,029 | +61.6% |
| Operating profit (loss) | 9901 | €55,279 | €104,782 | +€49,503 | +89.6% |
| Financial charges | 65/66B | €42,619 | €32,237 | -€10,382 | -24.4% |
| Recurring financial charges | 65 | €42,619 | €32,237 | -€10,382 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €12,660 | €72,546 | +€59,885 | +473% |
| Income taxes | 67/77 | €3,117 | €362 | -€2,755 | -88.4% |
| Profit (loss) for the period | 9904 | €9,543 | €72,183 | +€62,640 | +656% |
| Profit (loss) for the period to be appropriated | 9905 | €9,543 | €72,183 | +€62,640 | +656% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.