MAST Management 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 Management Consult
Largest movements
- Cash +€30,084
up €30,084 (+30.9%), from €97,308 to €127,392
mainly Other debts (+€100,828) and Net result for the year (+€36,811)
- Tangible fixed assets -€9,465
down €9,465 (-30.8%), from €30,762 to €21,297
- Other debts +€100,828
up €100,828 (+646%), from €15,603 to €116,431
- Reserves -€63,189
down €63,189 (-69.3%), from €91,233 to €28,044
- Tax, wage and social debts -€6,273
down €6,273 (-46.8%), from €13,404 to €7,131
- Current portion of long-term debt -€5,630
down €5,630 (-65.7%), from €8,566 to €2,936
- Debts after one year -€2,936
no longer reported in 2026 (was €2,936)
- Gross operating margin +€2,238
up €2,238 (+3.9%), from €56,685 to €58,923
- Taxes +€1,009
up €1,009 (+10.7%), from €9,467 to €10,476
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.
Derived cash bridge
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 | €144,245 | €166,064 | +€21,819 | +15.1% |
| Fixed assets | 21/28 | €30,762 | €21,297 | -€9,465 | -30.8% |
| Tangible fixed assets | 22/27 | €30,762 | €21,297 | -€9,465 | -30.8% |
| Furniture and vehicles | 24 | €30,762 | €21,297 | -€9,465 | -30.8% |
| Current assets | 29/58 | €113,483 | €144,767 | +€31,284 | +27.6% |
| Amounts receivable within one year | 40/41 | €14,673 | €15,584 | +€911 | +6.2% |
| Trade receivables | 40 | €14,673 | €15,560 | +€887 | +6.0% |
| Other amounts receivable | 41 | - | €24 | +€24 | |
| Cash at bank and in hand | 54/58 | €97,308 | €127,392 | +€30,084 | +30.9% |
| Deferred charges and accrued income | 490/1 | €1,502 | €1,791 | +€289 | +19.2% |
| Total equity and liabilities | 10/49 | €144,245 | €166,064 | +€21,819 | +15.1% |
| Equity | 10/15 | €101,233 | €38,044 | -€63,189 | -62.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €91,233 | €28,044 | -€63,189 | -69.3% |
| Distributable reserves | 133 | €91,233 | €28,044 | -€63,189 | -69.3% |
| Amounts payable | 17/49 | €43,012 | €128,020 | +€85,008 | +198% |
| Amounts payable after more than one year | 17 | €2,936 | - | -€2,936 | |
| Financial debts | 170/4 | €2,936 | - | -€2,936 | |
| Amounts payable within one year | 42/48 | €38,422 | €126,505 | +€88,083 | +229% |
| Current portion of amounts payable after more than one year | 42 | €8,566 | €2,936 | -€5,630 | -65.7% |
| Trade debts | 44 | €849 | €7 | -€842 | -99.2% |
| Suppliers | 440/4 | €849 | €7 | -€842 | -99.2% |
| Taxes, remuneration and social security | 45 | €13,404 | €7,131 | -€6,273 | -46.8% |
| Taxes | 450/3 | €13,404 | €7,131 | -€6,273 | -46.8% |
| Other amounts payable | 47/48 | €15,603 | €116,431 | +€100,828 | +646% |
| Accrued charges and deferred income | 492/3 | €1,654 | €1,515 | -€139 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,465 | €9,465 | = | 0.0% |
| Other operating charges | 640/8 | €239 | €612 | +€373 | +156% |
| Gross operating margin | 9900 | €56,685 | €58,923 | +€2,238 | +3.9% |
| Operating profit (loss) | 9901 | €46,981 | €48,846 | +€1,865 | +4.0% |
| Financial charges | 65/66B | €2,038 | €1,559 | -€479 | -23.5% |
| Recurring financial charges | 65 | €2,038 | €1,559 | -€479 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €44,943 | €47,287 | +€2,344 | +5.2% |
| Income taxes | 67/77 | €9,467 | €10,476 | +€1,009 | +10.7% |
| Profit (loss) for the period | 9904 | €35,476 | €36,811 | +€1,335 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,476 | €36,811 | +€1,335 | +3.8% |
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 20 October 2026 via checked.be.