Master Mech: 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 Mech
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+96.6%), from €1.2m to €2.4m
of which Trade receivables: +€932,908
- Cash -€225,727
down €225,727 (-100.0%), from €225,727 to €0
mainly Receivables within one year (-€1.2m) and Deferred charges and accrued income (-€12,163)
- Trade debts +€464,630
up €464,630 (+54.0%), from €860,512 to €1.3m
- Profit (loss) carried forward +€212,771
up €212,771 (+47.9%), from €444,007 to €656,779
- Accrued charges and deferred income +€182,611
up €182,611 (+216.3%), from €84,440 to €267,051
- Tax, wage and social debts +€77,984
up €77,984 (+89.6%), from €87,060 to €165,044
of which Remuneration and social security: +€45,342
- Gross operating margin +€597,613
up €597,613 (+61.5%), from €972,256 to €1.6m
- Staff costs +€424,690
up €424,690 (+52.9%), from €803,109 to €1.2m
- Taxes +€72,374
up €72,374 (+5857.5%), from €1,236 to €73,609
- Other operating charges +€57,013
up €57,013 (+7984.3%), from €714 to €57,728
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 | €1,479,019 | €2,426,568 | +€947,549 | +64.1% |
| Fixed assets | 21/28 | €39,083 | €36,861 | -€2,222 | -5.7% |
| Tangible fixed assets | 22/27 | €39,083 | €36,111 | -€2,972 | -7.6% |
| Plant, machinery and equipment | 23 | €4,507 | €2,982 | -€1,526 | -33.8% |
| Furniture and vehicles | 24 | €18,541 | €18,771 | +€230 | +1.2% |
| Other tangible fixed assets | 26 | €16,035 | €14,358 | -€1,677 | -10.5% |
| Financial fixed assets | 28 | - | €750 | +€750 | |
| Current assets | 29/58 | €1,439,936 | €2,389,707 | +€949,771 | +66.0% |
| Amounts receivable within one year | 40/41 | €1,204,210 | €2,367,545 | +€1.2m | +96.6% |
| Trade receivables | 40 | €956,335 | €1,889,243 | +€932,908 | +97.6% |
| Other amounts receivable | 41 | €247,875 | €478,301 | +€230,427 | +93.0% |
| Cash at bank and in hand | 54/58 | €225,727 | €0 | -€225,727 | -100.0% |
| Deferred charges and accrued income | 490/1 | €10,000 | €22,163 | +€12,163 | +121.6% |
| Total equity and liabilities | 10/49 | €1,479,019 | €2,426,568 | +€947,549 | +64.1% |
| Equity | 10/15 | €447,007 | €659,779 | +€212,771 | +47.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €444,007 | €656,779 | +€212,771 | +47.9% |
| Amounts payable | 17/49 | €1,032,012 | €1,766,789 | +€734,778 | +71.2% |
| Amounts payable within one year | 42/48 | €947,572 | €1,499,739 | +€552,167 | +58.3% |
| Financial debts | 43 | - | €9,553 | +€9,553 | |
| Other loans | 439 | - | €9,553 | +€9,553 | |
| Trade debts | 44 | €860,512 | €1,325,141 | +€464,630 | +54.0% |
| Suppliers | 440/4 | €860,512 | €1,325,141 | +€464,630 | +54.0% |
| Taxes, remuneration and social security | 45 | €87,060 | €165,044 | +€77,984 | +89.6% |
| Taxes | 450/3 | €43,231 | €75,873 | +€32,642 | +75.5% |
| Remuneration and social security | 454/9 | €43,829 | €89,171 | +€45,342 | +103.5% |
| Accrued charges and deferred income | 492/3 | €84,440 | €267,051 | +€182,611 | +216.3% |
| Remuneration, social security and pensions | 62 | €803,109 | €1,227,800 | +€424,690 | +52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,265 | €12,808 | +€5,543 | +76.3% |
| Other operating charges | 640/8 | €714 | €57,728 | +€57,013 | +7984.3% |
| Gross operating margin | 9900 | €972,256 | €1,569,869 | +€597,613 | +61.5% |
| Operating profit (loss) | 9901 | €161,167 | €271,533 | +€110,366 | +68.5% |
| Financial income | 75/76B | €10,503 | €15,247 | +€4,744 | +45.2% |
| Recurring financial income | 75 | €10,503 | €15,247 | +€4,744 | +45.2% |
| Financial charges | 65/66B | €245 | €400 | +€155 | +63.3% |
| Recurring financial charges | 65 | €245 | €400 | +€155 | +63.3% |
| Profit (loss) for the period before taxes | 9903 | €171,426 | €286,381 | +€114,955 | +67.1% |
| Income taxes | 67/77 | €1,236 | €73,609 | +€72,374 | +5857.5% |
| Profit (loss) for the period | 9904 | €170,190 | €212,771 | +€42,581 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €170,190 | €212,771 | +€42,581 | +25.0% |
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 6 October 2026 via checked.be.