MASTECH: 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.
MASTECH
Largest movements
- Receivables within one year -€4,897
down €4,897 (-16.3%), from €29,984 to €25,088
of which Trade receivables: -€6,963
- Cash +€1,094
up €1,094 (+33.2%), from €3,298 to €4,393
mainly Receivables within one year (+€4,897) and Depreciation (+€1,431)
- Tangible fixed assets +€1,023
up €1,023 (+23.6%), from €4,340 to €5,363
of which Furniture and vehicles: +€1,943
- Tax, wage and social debts -€2,168
down €2,168 (-20.7%), from €10,448 to €8,280
of which Taxes: -€2,168
- Reserves -€613
down €613 (-2.8%), from €22,271 to €21,658
- Gross operating margin -€28,284
down €28,284 (-95.4%), from €29,656 to €1,372
- Taxes -€5,543
down €5,543 (-90.1%), from €6,152 to €609
- Depreciation +€1,172
up €1,172 (+452.7%), from €259 to €1,431
- Other operating charges -€545
down €545 (-44.0%), from €1,239 to €693
- Financial income +€322
up €322 (+44.7%), from €721 to €1,043
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 | €37,885 | €35,107 | -€2,778 | -7.3% |
| Fixed assets | 21/28 | €4,340 | €5,363 | +€1,023 | +23.6% |
| Tangible fixed assets | 22/27 | €4,340 | €5,363 | +€1,023 | +23.6% |
| Plant, machinery and equipment | 23 | €4,340 | €3,420 | -€920 | -21.2% |
| Furniture and vehicles | 24 | - | €1,943 | +€1,943 | |
| Current assets | 29/58 | €33,545 | €29,744 | -€3,801 | -11.3% |
| Amounts receivable within one year | 40/41 | €29,984 | €25,088 | -€4,897 | -16.3% |
| Trade receivables | 40 | €13,428 | €6,465 | -€6,963 | -51.9% |
| Other amounts receivable | 41 | €16,556 | €18,623 | +€2,066 | +12.5% |
| Cash at bank and in hand | 54/58 | €3,298 | €4,393 | +€1,094 | +33.2% |
| Deferred charges and accrued income | 490/1 | €262 | €263 | +€1 | +0.5% |
| Total equity and liabilities | 10/49 | €37,885 | €35,107 | -€2,778 | -7.3% |
| Equity | 10/15 | €24,271 | €23,658 | -€613 | -2.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €22,271 | €21,658 | -€613 | -2.8% |
| Distributable reserves | 133 | €22,271 | €21,658 | -€613 | -2.8% |
| Amounts payable | 17/49 | €13,613 | €11,449 | -€2,164 | -15.9% |
| Amounts payable within one year | 42/48 | €13,550 | €11,383 | -€2,166 | -16.0% |
| Trade debts | 44 | €3,101 | €3,103 | +€2 | +0.1% |
| Suppliers | 440/4 | €3,101 | €3,103 | +€2 | +0.1% |
| Taxes, remuneration and social security | 45 | €10,448 | €8,280 | -€2,168 | -20.7% |
| Taxes | 450/3 | €8,948 | €6,780 | -€2,168 | -24.2% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €64 | €66 | +€2 | +3.0% |
| Non-recurring operating income | 76A | €547 | €954 | +€408 | +74.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259 | €1,431 | +€1,172 | +452.7% |
| Other operating charges | 640/8 | €1,239 | €693 | -€545 | -44.0% |
| Gross operating margin | 9900 | €29,656 | €1,372 | -€28,284 | -95.4% |
| Operating profit (loss) | 9901 | €28,159 | -€752 | -€28,911 | |
| Financial income | 75/76B | €721 | €1,043 | +€322 | +44.7% |
| Recurring financial income | 75 | €721 | €1,043 | +€322 | +44.7% |
| Financial charges | 65/66B | €457 | €296 | -€161 | -35.3% |
| Recurring financial charges | 65 | €457 | €296 | -€161 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €28,423 | -€5 | -€28,427 | |
| Income taxes | 67/77 | €6,152 | €609 | -€5,543 | -90.1% |
| Profit (loss) for the period | 9904 | €22,271 | -€613 | -€22,884 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,271 | -€613 | -€22,884 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.