MAST consult: 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.
MAST consult
Largest movements
- Cash -€10,686
down €10,686 (-9.0%), from €119,357 to €108,671
mainly Net result for the year (-€6,934) and Investment in fixed assets (net) (-€1,100)
- Profit (loss) carried forward -€6,934
down €6,934 (-6.3%), from €110,477 to €103,544
- Gross operating margin -€40,184
down €40,184, from €26,806 to -€13,378
- Taxes -€12,359
down €12,359, from €4,464 to -€7,895
- Provisions -€4,730
no longer reported in 2026 (was €4,730)
- Other operating charges -€696
down €696 (-87.3%), from €797 to €102
- Financial charges -€383
down €383 (-22.5%), from €1,702 to €1,319
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €132,857 | €124,145 | -€8,712 | -6.6% |
| Fixed assets | 21/28 | - | €1,071 | +€1,071 | |
| Tangible fixed assets | 22/27 | - | €1,071 | +€1,071 | |
| Furniture and vehicles | 24 | - | €1,071 | +€1,071 | |
| Current assets | 29/58 | €132,857 | €123,074 | -€9,784 | -7.4% |
| Amounts receivable within one year | 40/41 | €11,902 | €12,806 | +€905 | +7.6% |
| Trade receivables | 40 | - | €1,513 | +€1,513 | |
| Other amounts receivable | 41 | €11,902 | €11,294 | -€608 | -5.1% |
| Cash at bank and in hand | 54/58 | €119,357 | €108,671 | -€10,686 | -9.0% |
| Deferred charges and accrued income | 490/1 | €1,599 | €1,596 | -€3 | -0.2% |
| Total equity and liabilities | 10/49 | €132,857 | €124,145 | -€8,712 | -6.6% |
| Equity | 10/15 | €130,937 | €124,004 | -€6,934 | -5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,477 | €103,544 | -€6,934 | -6.3% |
| Amounts payable | 17/49 | €1,920 | €141 | -€1,779 | -92.6% |
| Amounts payable within one year | 42/48 | €1,920 | €141 | -€1,779 | -92.6% |
| Current portion of amounts payable after more than one year | 42 | €1,062 | - | -€1,062 | |
| Trade debts | 44 | €858 | - | -€858 | |
| Suppliers | 440/4 | €858 | - | -€858 | |
| Taxes, remuneration and social security | 45 | - | €141 | +€141 | |
| Taxes | 450/3 | - | €141 | +€141 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189 | €29 | -€160 | -84.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €4,730 | - | -€4,730 | |
| Other operating charges | 640/8 | €797 | €102 | -€696 | -87.3% |
| Gross operating margin | 9900 | €26,806 | -€13,378 | -€40,184 | |
| Operating profit (loss) | 9901 | €21,090 | -€13,509 | -€34,599 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,702 | €1,319 | -€383 | -22.5% |
| Recurring financial charges | 65 | €1,702 | €1,319 | -€383 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €19,388 | -€14,828 | -€34,216 | |
| Income taxes | 67/77 | €4,464 | -€7,895 | -€12,359 | |
| Profit (loss) for the period | 9904 | €14,924 | -€6,934 | -€21,857 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,924 | -€6,934 | -€21,857 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.