Master Mediation: 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 Mediation
Largest movements
- Receivables within one year +€52,953
up €52,953 (+116.8%), from €45,355 to €98,308
of which Trade receivables: +€56,685
- Cash +€17,314
up €17,314 (+18.6%), from €93,269 to €110,584
mainly Accrued charges and deferred income (+€43,698) and Net result for the year (+€29,697)
- Deferred charges and accrued income -€12,795
no longer reported in 2025 (was €12,795)
- Tangible fixed assets +€4,468
up €4,468 (+179.2%), from €2,494 to €6,962
- Accrued charges and deferred income +€43,698
up €43,698 (+91.5%), from €47,750 to €91,448
- Tax, wage and social debts +€14,690
up €14,690 (+209.2%), from €7,022 to €21,712
- Other debts -€9,995
down €9,995 (-92.0%), from €10,866 to €872
- Trade debts +€7,379
new in 2025: €7,379
- Profit (loss) carried forward +€6,168
up €6,168 (+7.1%), from €86,955 to €93,123
- Taxes -€3,787
down €3,787 (-19.0%), from €19,969 to €16,182
- Depreciation +€1,217
up €1,217 (+132.0%), from €921 to €2,138
- Gross operating margin -€1,129
down €1,129 (-2.2%), from €50,429 to €49,300
- Staff costs +€799
new in 2025: €799
- Financial charges +€784
up €784, from -€486 to €298
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 | €153,914 | €215,854 | +€61,940 | +40.2% |
| Fixed assets | 21/28 | €2,494 | €6,962 | +€4,468 | +179.2% |
| Tangible fixed assets | 22/27 | €2,494 | €6,962 | +€4,468 | +179.2% |
| Furniture and vehicles | 24 | €2,494 | €6,962 | +€4,468 | +179.2% |
| Current assets | 29/58 | €151,420 | €208,892 | +€57,472 | +38.0% |
| Amounts receivable within one year | 40/41 | €45,355 | €98,308 | +€52,953 | +116.8% |
| Trade receivables | 40 | €41,623 | €98,308 | +€56,685 | +136.2% |
| Other amounts receivable | 41 | €3,732 | - | -€3,732 | |
| Cash at bank and in hand | 54/58 | €93,269 | €110,584 | +€17,314 | +18.6% |
| Deferred charges and accrued income | 490/1 | €12,795 | - | -€12,795 | |
| Total equity and liabilities | 10/49 | €153,914 | €215,854 | +€61,940 | +40.2% |
| Equity | 10/15 | €88,275 | €94,443 | +€6,168 | +7.0% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Contributions outside capital | 11 | €1,200 | - | -€1,200 | |
| Other | 1109/19 | €1,200 | - | -€1,200 | |
| Reserves | 13 | €120 | €120 | = | 0.0% |
| Non-distributable reserves | 130/1 | €120 | €120 | = | 0.0% |
| Reserves not available under the articles | 1311 | €120 | €120 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,955 | €93,123 | +€6,168 | +7.1% |
| Amounts payable | 17/49 | €65,638 | €121,411 | +€55,772 | +85.0% |
| Amounts payable within one year | 42/48 | €17,888 | €29,963 | +€12,075 | +67.5% |
| Trade debts | 44 | - | €7,379 | +€7,379 | |
| Suppliers | 440/4 | - | €7,379 | +€7,379 | |
| Taxes, remuneration and social security | 45 | €7,022 | €21,712 | +€14,690 | +209.2% |
| Taxes | 450/3 | €7,022 | €21,712 | +€14,690 | +209.2% |
| Other amounts payable | 47/48 | €10,866 | €872 | -€9,995 | -92.0% |
| Accrued charges and deferred income | 492/3 | €47,750 | €91,448 | +€43,698 | +91.5% |
| Remuneration, social security and pensions | 62 | - | €799 | +€799 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €921 | €2,138 | +€1,217 | +132.0% |
| Other operating charges | 640/8 | €592 | €186 | -€407 | -68.6% |
| Gross operating margin | 9900 | €50,429 | €49,300 | -€1,129 | -2.2% |
| Operating profit (loss) | 9901 | €48,916 | €46,177 | -€2,738 | -5.6% |
| Financial income | 75/76B | €1 | €0 | -€0 | -88.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -88.0% |
| Financial charges | 65/66B | -€486 | €298 | +€784 | |
| Recurring financial charges | 65 | -€486 | €298 | +€784 | |
| Profit (loss) for the period before taxes | 9903 | €49,402 | €45,879 | -€3,523 | -7.1% |
| Income taxes | 67/77 | €19,969 | €16,182 | -€3,787 | -19.0% |
| Profit (loss) for the period | 9904 | €29,433 | €29,697 | +€264 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,433 | €29,697 | +€264 | +0.9% |
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 11 October 2026 via checked.be.