MASTERCOOL EUROPE: 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.
MASTERCOOL EUROPE
Largest movements
- Receivables within one year +€128,958
up €128,958 (+37.4%), from €344,647 to €473,605
of which Trade receivables: +€133,333
- Cash -€70,513
down €70,513 (-43.4%), from €162,504 to €91,991
mainly Receivables within one year (-€128,958) and Trade debts (-€84,566)
- Stocks and contracts -€63,249
down €63,249 (-8.9%), from €714,523 to €651,274
- Trade debts -€84,566
down €84,566 (-7.9%), from €1.1m to €983,614
- Profit (loss) carried forward +€66,627
up €66,627 (+11.2%), from -€592,750 to -€526,123
- Gross operating margin +€128,246
up €128,246 (+68.2%), from €188,013 to €316,259
- Financial charges -€41,840
no longer reported in 2025 (was €41,840)
- Financial income +€38,858
new in 2025: €38,858
- Staff costs +€10,816
up €10,816 (+4.0%), from €273,217 to €284,033
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.
Derived cash bridge
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 | €1,239,353 | €1,232,025 | -€7,328 | -0.6% |
| Fixed assets | 21/28 | €17,679 | €15,155 | -€2,524 | -14.3% |
| Tangible fixed assets | 22/27 | €10,494 | €7,841 | -€2,653 | -25.3% |
| Plant, machinery and equipment | 23 | €10,494 | €7,841 | -€2,653 | -25.3% |
| Financial fixed assets | 28 | €7,185 | €7,314 | +€129 | +1.8% |
| Current assets | 29/58 | €1,221,674 | €1,216,870 | -€4,804 | -0.4% |
| Stocks and contracts in progress | 3 | €714,523 | €651,274 | -€63,249 | -8.9% |
| Stocks | 30/36 | €714,523 | €651,274 | -€63,249 | -8.9% |
| Amounts receivable within one year | 40/41 | €344,647 | €473,605 | +€128,958 | +37.4% |
| Trade receivables | 40 | €337,173 | €470,506 | +€133,333 | +39.5% |
| Other amounts receivable | 41 | €7,474 | €3,099 | -€4,375 | -58.5% |
| Cash at bank and in hand | 54/58 | €162,504 | €91,991 | -€70,513 | -43.4% |
| Total equity and liabilities | 10/49 | €1,239,353 | €1,232,025 | -€7,328 | -0.6% |
| Equity | 10/15 | €137,250 | €203,877 | +€66,627 | +48.5% |
| Contributions | 10/11 | €730,000 | €730,000 | = | 0.0% |
| Capital | 10 | €730,000 | €730,000 | = | 0.0% |
| Issued capital | 100 | €730,000 | €730,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€592,750 | -€526,123 | +€66,627 | +11.2% |
| Amounts payable | 17/49 | €1,102,103 | €1,028,148 | -€73,955 | -6.7% |
| Amounts payable within one year | 42/48 | €1,102,103 | €1,018,769 | -€83,334 | -7.6% |
| Trade debts | 44 | €1,068,180 | €983,614 | -€84,566 | -7.9% |
| Suppliers | 440/4 | €1,068,180 | €983,614 | -€84,566 | -7.9% |
| Taxes, remuneration and social security | 45 | €33,923 | €35,155 | +€1,232 | +3.6% |
| Taxes | 450/3 | €160 | €400 | +€240 | +150% |
| Remuneration and social security | 454/9 | €33,763 | €34,755 | +€992 | +2.9% |
| Accrued charges and deferred income | 492/3 | - | €9,379 | +€9,379 | |
| Non-recurring operating income | 76A | - | €4,236 | +€4,236 | |
| Remuneration, social security and pensions | 62 | €273,217 | €284,033 | +€10,816 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,652 | €2,653 | +€1 | 0.0% |
| Other operating charges | 640/8 | €1,813 | €1,390 | -€423 | -23.3% |
| Gross operating margin | 9900 | €188,013 | €316,259 | +€128,246 | +68.2% |
| Operating profit (loss) | 9901 | -€89,669 | €28,183 | +€117,852 | |
| Financial income | 75/76B | - | €38,858 | +€38,858 | |
| Recurring financial income | 75 | - | €38,858 | +€38,858 | |
| Financial charges | 65/66B | €41,840 | - | -€41,840 | |
| Recurring financial charges | 65 | €41,840 | - | -€41,840 | |
| Profit (loss) for the period before taxes | 9903 | -€131,509 | €67,041 | +€198,550 | |
| Income taxes | 67/77 | €171 | €414 | +€243 | +142% |
| Profit (loss) for the period | 9904 | -€131,680 | €66,627 | +€198,307 | |
| Profit (loss) for the period to be appropriated | 9905 | -€131,680 | €66,627 | +€198,307 |
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 31 October 2026 via checked.be.