MASTAT - LIFE SCIENCES: 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.
MASTAT - LIFE SCIENCES
Largest movements
- Cash -€81,857
down €81,857 (-40.8%), from €200,862 to €119,005
mainly Other debts (-€68,535) and Contributions, distributions and other (-€47,059)
- Deferred charges and accrued income +€3,600
new in 2025: €3,600
- Other debts -€68,535
down €68,535 (-69.9%), from €98,106 to €29,571
- Trade debts -€9,832
down €9,832 (-28.0%), from €35,096 to €25,265
- Tax, wage and social debts +€8,629
up €8,629 (+17.4%), from €49,525 to €58,155
of which Remuneration and social security: +€7,736
- Profit (loss) carried forward -€5,004
down €5,004 (-7.7%), from €65,247 to €60,243
- Turnover -€247,680
no longer reported in 2025 (was €247,680)
- Gross operating margin -€29,204
down €29,204 (-23.0%), from €127,230 to €98,026
- Purchases and services -€24,084
down €24,084 (-18.9%), from €127,408 to €103,324
- Taxes -€6,485
down €6,485 (-47.4%), from €13,685 to €7,200
- Staff costs -€4,717
down €4,717 (-9.5%), from €49,853 to €45,136
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 | €263,574 | €188,833 | -€74,741 | -28.4% |
| Fixed assets | 21/28 | €6,151 | €7,671 | +€1,521 | +24.7% |
| Tangible fixed assets | 22/27 | €6,151 | €7,671 | +€1,521 | +24.7% |
| Plant, machinery and equipment | 23 | €2,599 | €1,962 | -€637 | -24.5% |
| Furniture and vehicles | 24 | €2,624 | €3,209 | +€585 | +22.3% |
| Other tangible fixed assets | 26 | €927 | €2,500 | +€1,573 | +170% |
| Current assets | 29/58 | €257,423 | €181,162 | -€76,261 | -29.6% |
| Amounts receivable within one year | 40/41 | €56,561 | €58,557 | +€1,996 | +3.5% |
| Trade receivables | 40 | €25,724 | €35,483 | +€9,759 | +37.9% |
| Other amounts receivable | 41 | €30,837 | €23,074 | -€7,763 | -25.2% |
| Cash at bank and in hand | 54/58 | €200,862 | €119,005 | -€81,857 | -40.8% |
| Deferred charges and accrued income | 490/1 | - | €3,600 | +€3,600 | |
| Total equity and liabilities | 10/49 | €263,574 | €188,833 | -€74,741 | -28.4% |
| Equity | 10/15 | €80,846 | €75,843 | -€5,004 | -6.2% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Capital | 10 | €14,000 | €14,000 | = | 0.0% |
| Issued capital | 100 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €1,600 | €1,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,600 | €1,600 | = | 0.0% |
| Legal reserve | 130 | €1,600 | €1,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,247 | €60,243 | -€5,004 | -7.7% |
| Amounts payable | 17/49 | €182,728 | €112,991 | -€69,737 | -38.2% |
| Amounts payable within one year | 42/48 | €182,728 | €112,991 | -€69,737 | -38.2% |
| Trade debts | 44 | €35,096 | €25,265 | -€9,832 | -28.0% |
| Suppliers | 440/4 | €35,096 | €25,265 | -€9,832 | -28.0% |
| Taxes, remuneration and social security | 45 | €49,525 | €58,155 | +€8,629 | +17.4% |
| Taxes | 450/3 | €21,539 | €22,433 | +€894 | +4.2% |
| Remuneration and social security | 454/9 | €27,987 | €35,722 | +€7,736 | +27.6% |
| Other amounts payable | 47/48 | €98,106 | €29,571 | -€68,535 | -69.9% |
| Turnover | 70 | €247,680 | - | -€247,680 | |
| Goods, raw materials, services and sundry goods | 60/61 | €127,408 | €103,324 | -€24,084 | -18.9% |
| Remuneration, social security and pensions | 62 | €49,853 | €45,136 | -€4,717 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,981 | €2,989 | +€7 | +0.3% |
| Other operating charges | 640/8 | €1,775 | €532 | -€1,244 | -70.0% |
| Gross operating margin | 9900 | €127,230 | €98,026 | -€29,204 | -23.0% |
| Operating profit (loss) | 9901 | €72,620 | €49,369 | -€23,251 | -32.0% |
| Financial charges | 65/66B | €198 | €114 | -€84 | -42.4% |
| Recurring financial charges | 65 | €198 | €114 | -€84 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €72,422 | €49,255 | -€23,167 | -32.0% |
| Income taxes | 67/77 | €13,685 | €7,200 | -€6,485 | -47.4% |
| Profit (loss) for the period | 9904 | €58,738 | €42,055 | -€16,682 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,738 | €42,055 | -€16,682 | -28.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.