MASTERBLOC: 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.
MASTERBLOC
Largest movements
- Receivables within one year +€26,766
up €26,766 (+6.9%), from €389,359 to €416,125
of which Trade receivables: +€14,520
- Reserves +€25,073
up €25,073 (+3.0%), from €830,434 to €855,507
- Financial income -€87,274
down €87,274 (-69.2%), from €126,046 to €38,772
- Gross operating margin -€8,462
down €8,462 (-77.9%), from €10,864 to €2,402
- Depreciation +€4,607
up €4,607 (+68.5%), from €6,727 to €11,334
- Other operating charges -€3,424
down €3,424 (-64.8%), from €5,283 to €1,859
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 | €2,225,545 | €2,249,756 | +€24,211 | +1.1% |
| Fixed assets | 21/28 | €1,794,683 | €1,783,349 | -€11,334 | -0.6% |
| Tangible fixed assets | 22/27 | €17,683 | €6,349 | -€11,334 | -64.1% |
| Furniture and vehicles | 24 | €17,683 | €6,349 | -€11,334 | -64.1% |
| Financial fixed assets | 28 | €1,777,000 | €1,777,000 | = | 0.0% |
| Current assets | 29/58 | €430,862 | €466,408 | +€35,545 | +8.2% |
| Amounts receivable within one year | 40/41 | €389,359 | €416,125 | +€26,766 | +6.9% |
| Trade receivables | 40 | €50,800 | €65,320 | +€14,520 | +28.6% |
| Other amounts receivable | 41 | €338,560 | €350,805 | +€12,246 | +3.6% |
| Cash at bank and in hand | 54/58 | €23,946 | €26,960 | +€3,015 | +12.6% |
| Deferred charges and accrued income | 490/1 | €17,558 | €23,323 | +€5,765 | +32.8% |
| Total equity and liabilities | 10/49 | €2,225,545 | €2,249,756 | +€24,211 | +1.1% |
| Equity | 10/15 | €2,209,434 | €2,234,507 | +€25,073 | +1.1% |
| Contributions | 10/11 | €1,379,000 | €1,379,000 | = | 0.0% |
| Reserves | 13 | €830,434 | €855,507 | +€25,073 | +3.0% |
| Distributable reserves | 133 | €830,434 | €855,507 | +€25,073 | +3.0% |
| Amounts payable | 17/49 | €16,112 | €15,250 | -€862 | -5.3% |
| Amounts payable within one year | 42/48 | €16,112 | €15,250 | -€862 | -5.3% |
| Trade debts | 44 | €3,338 | €2,371 | -€968 | -29.0% |
| Suppliers | 440/4 | €3,338 | €2,371 | -€968 | -29.0% |
| Taxes, remuneration and social security | 45 | €2,773 | €2,879 | +€106 | +3.8% |
| Taxes | 450/3 | €2,773 | €2,879 | +€106 | +3.8% |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,727 | €11,334 | +€4,607 | +68.5% |
| Other operating charges | 640/8 | €5,283 | €1,859 | -€3,424 | -64.8% |
| Gross operating margin | 9900 | €10,864 | €2,402 | -€8,462 | -77.9% |
| Operating profit (loss) | 9901 | -€1,146 | -€10,792 | -€9,645 | -841.5% |
| Financial income | 75/76B | €126,046 | €38,772 | -€87,274 | -69.2% |
| Recurring financial income | 75 | €126,046 | €38,772 | -€87,274 | -69.2% |
| Financial charges | 65/66B | €98 | €97 | -€0 | -0.2% |
| Recurring financial charges | 65 | €98 | €97 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €124,802 | €27,883 | -€96,919 | -77.7% |
| Income taxes | 67/77 | €2,704 | €2,810 | +€106 | +3.9% |
| Profit (loss) for the period | 9904 | €122,098 | €25,073 | -€97,025 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €122,098 | €25,073 | -€97,025 | -79.5% |
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 8 October 2026 via checked.be.