MASTER TRADE: 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 TRADE
Largest movements
- Cash -€3,112
down €3,112 (-18.3%), from €17,001 to €13,889
mainly Other debts (-€9,232) and Trade debts (-€2,699)
- Receivables within one year +€1,921
up €1,921 (+510.8%), from €376 to €2,297
- Profit (loss) carried forward +€9,343
up €9,343, from -€7,938 to €1,405
- Other debts -€9,232
no longer reported in 2025 (was €9,232)
- Trade debts -€2,699
down €2,699 (-51.1%), from €5,281 to €2,582
- Tax, wage and social debts +€1,397
new in 2025: €1,397
- Turnover +€13,640
up €13,640 (+53.4%), from €25,521 to €39,161
- Gross operating margin +€9,381
up €9,381 (+1092.8%), from €858 to €10,239
- Purchases and services +€4,260
up €4,260 (+17.3%), from €24,663 to €28,922
- Other operating charges +€504
up €504 (+110.7%), from €455 to €960
- Financial income +€424
new in 2025: €424
of which Financial income: +€424
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 | €17,377 | €16,186 | -€1,191 | -6.9% |
| Current assets | 29/58 | €17,377 | €16,186 | -€1,191 | -6.9% |
| Amounts receivable within one year | 40/41 | €376 | €2,297 | +€1,921 | +510.8% |
| Other amounts receivable | 41 | €376 | €2,297 | +€1,921 | +510.8% |
| Cash at bank and in hand | 54/58 | €17,001 | €13,889 | -€3,112 | -18.3% |
| Total equity and liabilities | 10/49 | €17,377 | €16,186 | -€1,191 | -6.9% |
| Equity | 10/15 | €2,864 | €12,207 | +€9,343 | +326.3% |
| Contributions | 10/11 | €10,802 | €10,802 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,938 | €1,405 | +€9,343 | |
| Amounts payable | 17/49 | €14,513 | €3,979 | -€10,534 | -72.6% |
| Amounts payable within one year | 42/48 | €14,513 | €3,979 | -€10,534 | -72.6% |
| Trade debts | 44 | €5,281 | €2,582 | -€2,699 | -51.1% |
| Suppliers | 440/4 | €5,281 | €2,582 | -€2,699 | -51.1% |
| Taxes, remuneration and social security | 45 | - | €1,397 | +€1,397 | |
| Taxes | 450/3 | - | €1,397 | +€1,397 | |
| Other amounts payable | 47/48 | €9,232 | - | -€9,232 | |
| Turnover | 70 | €25,521 | €39,161 | +€13,640 | +53.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €24,663 | €28,922 | +€4,260 | +17.3% |
| Other operating charges | 640/8 | €455 | €960 | +€504 | +110.7% |
| Non-recurring operating charges | 66A | - | €58 | +€58 | |
| Gross operating margin | 9900 | €858 | €10,239 | +€9,381 | +1092.8% |
| Operating profit (loss) | 9901 | €403 | €9,222 | +€8,819 | +2188.5% |
| Financial income | 75/76B | - | €424 | +€424 | |
| Recurring financial income | 75 | - | €424 | +€424 | |
| Non-recurring financial income | 76B | - | €424 | +€424 | |
| Financial charges | 65/66B | €47 | €170 | +€123 | +261.9% |
| Recurring financial charges | 65 | €47 | €95 | +€48 | +102.3% |
| Non-recurring financial charges | 66B | - | €75 | +€75 | |
| Profit (loss) for the period before taxes | 9903 | €356 | €9,475 | +€9,119 | +2561.8% |
| Income taxes | 67/77 | - | €132 | +€132 | |
| Profit (loss) for the period | 9904 | €356 | €9,343 | +€8,987 | +2524.7% |
| Profit (loss) for the period to be appropriated | 9905 | €356 | €9,343 | +€8,987 | +2524.7% |
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 2 October 2026 via checked.be.