MASTA: what changed
Two fiscal 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.
MASTA
Largest movements
- Cash -€32,422
down €32,422 (-81.1%), from €39,979 to €7,557
mainly Tax, wage and social debts (-€14,946) and Investment in fixed assets (net) (-€13,500)
- Tangible fixed assets +€10,125
new in 2025: €10,125
- Receivables within one year -€915
down €915 (-47.8%), from €1,915 to €1,000
of which Trade receivables: -€1,915
- Tax, wage and social debts -€14,946
down €14,946 (-91.3%), from €16,379 to €1,432
of which Remuneration and social security: -€16,000
- Profit (loss) carried forward -€10,017
down €10,017, from €1,515 to -€8,502
- Other debts +€1,534
new in 2025: €1,534
- Gross operating margin -€7,711
down €7,711, from €1,896 to -€5,815
- Depreciation +€3,375
new in 2025: €3,375
- Other operating charges +€787
new in 2025: €787
- Taxes -€379
no longer reported in 2025 (was €379)
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.
Cash bridge derived
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 | €41,894 | €18,682 | -€23,212 | -55.4% |
| Fixed assets | 21/28 | - | €10,125 | +€10,125 | |
| Tangible fixed assets | 22/27 | - | €10,125 | +€10,125 | |
| Plant, machinery and equipment | 23 | - | €10,125 | +€10,125 | |
| Current assets | 29/58 | €41,894 | €8,557 | -€33,337 | -79.6% |
| Amounts receivable within one year | 40/41 | €1,915 | €1,000 | -€915 | -47.8% |
| Trade receivables | 40 | €1,915 | - | -€1,915 | |
| Other amounts receivable | 41 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €39,979 | €7,557 | -€32,422 | -81.1% |
| Total equity and liabilities | 10/49 | €41,894 | €18,682 | -€23,212 | -55.4% |
| Equity | 10/15 | €25,515 | €15,498 | -€10,017 | -39.3% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,515 | -€8,502 | -€10,017 | |
| Amounts payable | 17/49 | €16,379 | €3,184 | -€13,195 | -80.6% |
| Amounts payable within one year | 42/48 | €16,379 | €3,184 | -€13,195 | -80.6% |
| Trade debts | 44 | - | €217 | +€217 | |
| Suppliers | 440/4 | - | €217 | +€217 | |
| Taxes, remuneration and social security | 45 | €16,379 | €1,432 | -€14,946 | -91.3% |
| Taxes | 450/3 | €379 | €1,432 | +€1,054 | +278.2% |
| Remuneration and social security | 454/9 | €16,000 | - | -€16,000 | |
| Other amounts payable | 47/48 | - | €1,534 | +€1,534 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,375 | +€3,375 | |
| Other operating charges | 640/8 | - | €787 | +€787 | |
| Gross operating margin | 9900 | €1,896 | -€5,815 | -€7,711 | |
| Operating profit (loss) | 9901 | €1,896 | -€9,977 | -€11,873 | |
| Financial charges | 65/66B | €3 | €40 | +€38 | +1516.0% |
| Recurring financial charges | 65 | €3 | €40 | +€38 | +1516.0% |
| Profit (loss) for the period before taxes | 9903 | €1,894 | -€10,017 | -€11,911 | |
| Income taxes | 67/77 | €379 | - | -€379 | |
| Profit (loss) for the period | 9904 | €1,515 | -€10,017 | -€11,532 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,515 | -€10,017 | -€11,532 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.