MASTER CLEANING: 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.
What changed
MASTER CLEANING
NACE 46.442, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3,293
2024 · -€17,717+€21,010
Equity
€32,517
2024 · €29,224+€3,293
Cash
€1,969
2024 · €846+€1,123
Balance sheet total
€1.5m
2024 · €1.8m-€246,370
Largest movements
Assets
- Stocks and contracts -€233,110
down €233,110 (-36.5%), from €637,960 to €404,850
Equity and liabilities
- Trade debts -€309,941
down €309,941 (-21.7%), from €1.4m to €1.1m
- Debts after one year +€56,000
up €56,000 (+44.2%), from €126,833 to €182,833
- Other debts -€55,397
down €55,397 (-54.9%), from €100,953 to €45,556
- Tax, wage and social debts +€35,207
up €35,207 (+51.8%), from €67,944 to €103,151
of which Remuneration and social security: +€34,948
- Short-term financial debts +€24,807
up €24,807 (+695.7%), from €3,566 to €28,373
Income statement
- Turnover +€216,768
up €216,768 (+9.3%), from €2.3m to €2.5m
- Purchases and services +€156,075
up €156,075 (+7.2%), from €2.2m to €2.3m
- Gross operating margin +€51,162
up €51,162 (+33.1%), from €154,446 to €205,608
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.
Result 2024
-€17,717
Gross operating margin
+€51,162
Staff costs
-€16,592
Depreciation
-€665
Other operating charges
-€14,549
Financial income
+€714
Financial charges
-€2,299
Taxes
+€3,239
Result 2025
€3,293
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.
From operations
-€74,054
Investment
-€5,630
Financing
+€80,807
Cash 2024
€846
From operations (derived)
-€74,054
Net result for the year
+€3,293
Depreciation
+€6,206
Stocks and contracts
+€233,110
Receivables within one year
+€13,808
Smaller working-capital items
-€340
Trade debts
-€309,941
Tax, wage and social debts
+€35,207
Other debts
-€55,397
Investment (derived)
-€5,630
Investment in fixed assets (net)
-€5,630
Financing
+€80,807
Debts after one year
+€56,000
Short-term financial debts
+€24,807
Cash 2025
€1,969
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,760,458 | €1,514,088 | -€246,370 | -14.0% |
| Fixed assets | 21/28 | €43,781 | €43,205 | -€576 | -1.3% |
| Tangible fixed assets | 22/27 | €28,442 | €27,866 | -€576 | -2.0% |
| Plant, machinery and equipment | 23 | €670 | - | -€670 | |
| Furniture and vehicles | 24 | €27,772 | €27,866 | +€94 | +0.3% |
| Financial fixed assets | 28 | €15,339 | €15,339 | = | 0.0% |
| Current assets | 29/58 | €1,716,677 | €1,470,883 | -€245,794 | -14.3% |
| Stocks and contracts in progress | 3 | €637,960 | €404,850 | -€233,110 | -36.5% |
| Stocks | 30/36 | €637,960 | €404,850 | -€233,110 | -36.5% |
| Amounts receivable within one year | 40/41 | €1,059,661 | €1,045,853 | -€13,808 | -1.3% |
| Trade receivables | 40 | €1,053,797 | €1,039,948 | -€13,849 | -1.3% |
| Other amounts receivable | 41 | €5,864 | €5,905 | +€41 | +0.7% |
| Cash at bank and in hand | 54/58 | €846 | €1,969 | +€1,123 | +132.7% |
| Deferred charges and accrued income | 490/1 | €18,210 | €18,211 | +€1 | 0.0% |
| Total equity and liabilities | 10/49 | €1,760,458 | €1,514,088 | -€246,370 | -14.0% |
| Equity | 10/15 | €29,224 | €32,517 | +€3,293 | +11.3% |
| Contributions | 10/11 | €17,200 | €17,200 | = | 0.0% |
| Capital | 10 | €17,200 | €17,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €1,400 | €1,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,164 | €13,457 | +€3,293 | +32.4% |
| Amounts payable | 17/49 | €1,731,234 | €1,481,571 | -€249,663 | -14.4% |
| Amounts payable after more than one year | 17 | €126,833 | €182,833 | +€56,000 | +44.2% |
| Financial debts | 170/4 | €126,833 | €182,833 | +€56,000 | +44.2% |
| Amounts payable within one year | 42/48 | €1,603,679 | €1,298,355 | -€305,324 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €4,812 | €4,812 | = | 0.0% |
| Financial debts | 43 | €3,566 | €28,373 | +€24,807 | +695.7% |
| Credit institutions | 430/8 | €3,566 | €28,373 | +€24,807 | +695.7% |
| Trade debts | 44 | €1,426,404 | €1,116,463 | -€309,941 | -21.7% |
| Suppliers | 440/4 | €1,426,404 | €1,116,463 | -€309,941 | -21.7% |
| Taxes, remuneration and social security | 45 | €67,944 | €103,151 | +€35,207 | +51.8% |
| Taxes | 450/3 | €1,265 | €1,524 | +€259 | +20.5% |
| Remuneration and social security | 454/9 | €66,679 | €101,627 | +€34,948 | +52.4% |
| Other amounts payable | 47/48 | €100,953 | €45,556 | -€55,397 | -54.9% |
| Accrued charges and deferred income | 492/3 | €722 | €383 | -€339 | -47.0% |
| Turnover | 70 | €2,326,202 | €2,542,970 | +€216,768 | +9.3% |
| Non-recurring operating income | 76A | €9,585 | €54 | -€9,531 | -99.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,181,341 | €2,337,416 | +€156,075 | +7.2% |
| Remuneration, social security and pensions | 62 | €114,453 | €131,045 | +€16,592 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,541 | €6,206 | +€665 | +12.0% |
| Other operating charges | 640/8 | €40,551 | €55,100 | +€14,549 | +35.9% |
| Gross operating margin | 9900 | €154,446 | €205,608 | +€51,162 | +33.1% |
| Operating profit (loss) | 9901 | -€6,099 | €13,257 | +€19,356 | |
| Financial income | 75/76B | - | €714 | +€714 | |
| Recurring financial income | 75 | - | €714 | +€714 | |
| Financial charges | 65/66B | €4,269 | €6,568 | +€2,299 | +53.9% |
| Recurring financial charges | 65 | €4,269 | €6,568 | +€2,299 | +53.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,368 | €7,403 | +€17,771 | |
| Income taxes | 67/77 | €7,349 | €4,110 | -€3,239 | -44.1% |
| Profit (loss) for the period | 9904 | -€17,717 | €3,293 | +€21,010 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,717 | €3,293 | +€21,010 |
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 8 October 2026 via checked.be.