MASTER CARS: 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.
MASTER CARS
Largest movements
- Cash -€6,237
down €6,237 (-11.5%), from €54,341 to €48,105
mainly Net result for the year (-€6,237)
- Profit (loss) carried forward -€6,237
down €6,237 (-4.8%), from -€129,290 to -€135,527
- Gross operating margin -€3,726
down €3,726 (-176%), from -€2,114 to -€5,840
- Financial income +€156
up €156 (+125%), from €125 to €281
- Taxes +€84
new in 2025: €84
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 | €161,408 | €155,172 | -€6,237 | -3.9% |
| Current assets | 29/58 | €161,408 | €155,172 | -€6,237 | -3.9% |
| Stocks and contracts in progress | 3 | €90,208 | €90,208 | = | 0.0% |
| Stocks | 30/36 | €90,208 | €90,208 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,584 | €16,593 | +€9 | +0.1% |
| Trade receivables | 40 | €16,550 | €16,550 | = | 0.0% |
| Other amounts receivable | 41 | €34 | €43 | +€9 | +25.2% |
| Cash at bank and in hand | 54/58 | €54,341 | €48,105 | -€6,237 | -11.5% |
| Deferred charges and accrued income | 490/1 | €274 | €266 | -€9 | -3.2% |
| Total equity and liabilities | 10/49 | €161,408 | €155,172 | -€6,237 | -3.9% |
| Equity | 10/15 | €143,393 | €137,156 | -€6,237 | -4.3% |
| Contributions | 10/11 | €272,683 | €272,683 | = | 0.0% |
| Capital | 10 | €272,683 | €272,683 | = | 0.0% |
| Issued capital | 100 | €272,683 | €272,683 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,290 | -€135,527 | -€6,237 | -4.8% |
| Amounts payable | 17/49 | €18,015 | €18,016 | +€0 | 0.0% |
| Amounts payable within one year | 42/48 | €18,015 | €18,016 | +€0 | 0.0% |
| Trade debts | 44 | €167 | €167 | +€0 | +0.2% |
| Suppliers | 440/4 | €167 | €167 | +€0 | +0.2% |
| Other amounts payable | 47/48 | €17,848 | €17,848 | = | 0.0% |
| Other operating charges | 640/8 | €513 | €527 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€2,114 | -€5,840 | -€3,726 | -176% |
| Operating profit (loss) | 9901 | -€2,627 | -€6,367 | -€3,741 | -142% |
| Financial income | 75/76B | €125 | €281 | +€156 | +125% |
| Recurring financial income | 75 | €125 | €281 | +€156 | +125% |
| Financial charges | 65/66B | €74 | €66 | -€7 | -9.7% |
| Recurring financial charges | 65 | €74 | €66 | -€7 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,575 | -€6,153 | -€3,577 | -139% |
| Income taxes | 67/77 | - | €84 | +€84 | |
| Profit (loss) for the period | 9904 | -€2,575 | -€6,237 | -€3,662 | -142% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,575 | -€6,237 | -€3,662 | -142% |
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 28 October 2026 via checked.be.