MasterBox: 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.
MasterBox
Largest movements
- Cash +€13,884
up €13,884 (+99.4%), from €13,969 to €27,853
mainly Net result for the year (+€20,472) and Tax, wage and social debts (+€3,966)
- Receivables within one year +€4,930
up €4,930 (+1213.5%), from €406 to €5,336
of which Trade receivables: +€4,907
- Deferred charges and accrued income +€3,954
up €3,954 (+213.1%), from €1,856 to €5,810
- Intangible fixed assets -€613
down €613 (-40.5%), from €1,512 to €899
- Reserves +€18,988
new in 2025: €18,988
- Tax, wage and social debts +€3,966
up €3,966 (+146.4%), from €2,708 to €6,674
- Trade debts -€3,095
no longer reported in 2025 (was €3,095)
- Profit (loss) carried forward +€1,484
up €1,484, from -€1,484 to €0
- Accrued charges and deferred income +€812
up €812 (+17.8%), from €4,556 to €5,368
- Gross operating margin +€30,912
up €30,912, from -€778 to €30,134
- Taxes +€3,971
new in 2025: €3,971
- Other operating charges +€1,666
up €1,666 (+49.3%), from €3,380 to €5,046
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 | €17,743 | €39,898 | +€22,155 | +124.9% |
| Fixed assets | 21/28 | €1,512 | €899 | -€613 | -40.5% |
| Intangible fixed assets | 21 | €1,512 | €899 | -€613 | -40.5% |
| Current assets | 29/58 | €16,231 | €38,999 | +€22,768 | +140.3% |
| Amounts receivable within one year | 40/41 | €406 | €5,336 | +€4,930 | +1213.5% |
| Trade receivables | 40 | - | €4,907 | +€4,907 | |
| Other amounts receivable | 41 | €406 | €429 | +€23 | +5.6% |
| Cash at bank and in hand | 54/58 | €13,969 | €27,853 | +€13,884 | +99.4% |
| Deferred charges and accrued income | 490/1 | €1,856 | €5,810 | +€3,954 | +213.1% |
| Total equity and liabilities | 10/49 | €17,743 | €39,898 | +€22,155 | +124.9% |
| Equity | 10/15 | €6,016 | €26,488 | +€20,472 | +340.3% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | - | €18,988 | +€18,988 | |
| Distributable reserves | 133 | - | €18,988 | +€18,988 | |
| Profit (loss) carried forward | 14 | -€1,484 | €0 | +€1,484 | |
| Amounts payable | 17/49 | €11,727 | €13,410 | +€1,683 | +14.4% |
| Amounts payable within one year | 42/48 | €7,171 | €8,042 | +€871 | +12.1% |
| Trade debts | 44 | €3,095 | - | -€3,095 | |
| Suppliers | 440/4 | €3,095 | - | -€3,095 | |
| Taxes, remuneration and social security | 45 | €2,708 | €6,674 | +€3,966 | +146.4% |
| Taxes | 450/3 | €2,708 | €6,674 | +€3,966 | +146.4% |
| Other amounts payable | 47/48 | €1,368 | €1,368 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,556 | €5,368 | +€812 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €327 | €613 | +€286 | +87.7% |
| Other operating charges | 640/8 | €3,380 | €5,046 | +€1,666 | +49.3% |
| Gross operating margin | 9900 | -€778 | €30,134 | +€30,912 | |
| Operating profit (loss) | 9901 | -€4,484 | €24,475 | +€28,959 | |
| Financial income | 75/76B | €12 | €28 | +€16 | +127.9% |
| Recurring financial income | 75 | €12 | €28 | +€16 | +127.9% |
| Financial charges | 65/66B | €116 | €60 | -€56 | -48.2% |
| Recurring financial charges | 65 | €116 | €60 | -€56 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,588 | €24,443 | +€29,031 | |
| Income taxes | 67/77 | - | €3,971 | +€3,971 | |
| Profit (loss) for the period | 9904 | -€4,588 | €20,472 | +€25,060 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,588 | €20,472 | +€25,060 |
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 7 October 2026 via checked.be.