Master Chips Management: 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.
Master Chips Management
Largest movements
- Receivables after one year -€45,000
down €45,000 (-50.0%), from €90,000 to €45,000
- Tangible fixed assets -€12,692
down €12,692 (-23.6%), from €53,816 to €41,124
of which Furniture and vehicles: -€15,926
- Cash -€4,786
down €4,786 (-18.5%), from €25,839 to €21,053
mainly Other debts (-€48,942) and Contributions, distributions and other (-€33,977)
- Other debts -€48,942
down €48,942 (-53.3%), from €91,855 to €42,913
- Debts after one year -€13,494
down €13,494 (-38.8%), from €34,814 to €21,320
- Gross operating margin +€24,126
up €24,126 (+67.2%), from €35,925 to €60,051
- Taxes +€4,712
up €4,712 (+97.7%), from €4,823 to €9,536
- Financial charges -€880
down €880 (-31.1%), from €2,832 to €1,952
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 | €185,087 | €122,943 | -€62,143 | -33.6% |
| Fixed assets | 21/28 | €53,816 | €41,124 | -€12,692 | -23.6% |
| Tangible fixed assets | 22/27 | €53,816 | €41,124 | -€12,692 | -23.6% |
| Plant, machinery and equipment | 23 | - | €3,234 | +€3,234 | |
| Furniture and vehicles | 24 | €53,816 | €37,890 | -€15,926 | -29.6% |
| Current assets | 29/58 | €131,271 | €81,819 | -€49,452 | -37.7% |
| Amounts receivable after more than one year | 29 | €90,000 | €45,000 | -€45,000 | -50.0% |
| Trade receivables | 290 | €90,000 | €45,000 | -€45,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €12,357 | €12,548 | +€191 | +1.5% |
| Trade receivables | 40 | €9,680 | €9,680 | = | 0.0% |
| Other amounts receivable | 41 | €2,677 | €2,868 | +€191 | +7.2% |
| Cash at bank and in hand | 54/58 | €25,839 | €21,053 | -€4,786 | -18.5% |
| Deferred charges and accrued income | 490/1 | €3,076 | €3,218 | +€143 | +4.6% |
| Total equity and liabilities | 10/49 | €185,087 | €122,943 | -€62,143 | -33.6% |
| Equity | 10/15 | €37,807 | €37,807 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,207 | €19,207 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €19,207 | €19,207 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €147,279 | €85,136 | -€62,143 | -42.2% |
| Amounts payable after more than one year | 17 | €34,814 | €21,320 | -€13,494 | -38.8% |
| Financial debts | 170/4 | €34,814 | €21,320 | -€13,494 | -38.8% |
| Amounts payable within one year | 42/48 | €112,465 | €63,816 | -€48,650 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €12,945 | €13,494 | +€548 | +4.2% |
| Trade debts | 44 | €897 | €491 | -€405 | -45.2% |
| Suppliers | 440/4 | €897 | €491 | -€405 | -45.2% |
| Taxes, remuneration and social security | 45 | €6,768 | €6,917 | +€149 | +2.2% |
| Taxes | 450/3 | €4,693 | €4,842 | +€149 | +3.2% |
| Remuneration and social security | 454/9 | €2,075 | €2,075 | = | 0.0% |
| Other amounts payable | 47/48 | €91,855 | €42,913 | -€48,942 | -53.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,093 | €15,998 | -€96 | -0.6% |
| Other operating charges | 640/8 | €315 | €261 | -€55 | -17.3% |
| Gross operating margin | 9900 | €35,925 | €60,051 | +€24,126 | +67.2% |
| Operating profit (loss) | 9901 | €19,517 | €43,793 | +€24,276 | +124.4% |
| Financial income | 75/76B | €1,801 | €1,672 | -€129 | -7.2% |
| Recurring financial income | 75 | €1,801 | €1,672 | -€129 | -7.2% |
| Financial charges | 65/66B | €2,832 | €1,952 | -€880 | -31.1% |
| Recurring financial charges | 65 | €2,832 | €1,952 | -€880 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €18,486 | €43,512 | +€25,026 | +135.4% |
| Income taxes | 67/77 | €4,823 | €9,536 | +€4,712 | +97.7% |
| Profit (loss) for the period | 9904 | €13,663 | €33,977 | +€20,314 | +148.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,663 | €33,977 | +€20,314 | +148.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.