Mastercraft: 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.
Mastercraft
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+446.1%), from €313,409 to €1.7m
of which Land and buildings: +€1.4m
- Cash +€188,480
up €188,480 (+2412.8%), from €7,812 to €196,292
mainly Debts after one year (+€1.5m) and Depreciation (+€203,379)
- Receivables after one year -€33,356
down €33,356 (-100.0%), from €33,356 to €0
- Debts after one year +€1.5m
up €1.5m (+794.8%), from €189,718 to €1.7m
of which Financial debts: +€1.3m
- Current portion of long-term debt +€43,638
up €43,638 (+146.4%), from €29,805 to €73,443
- Short-term financial debts -€31,241
down €31,241 (-100.0%), from €31,241 to €0
- Reserves -€23,422
down €23,422 (-14.3%), from €163,959 to €140,537
- Tax, wage and social debts +€20,775
up €20,775 (+204.3%), from €10,168 to €30,943
of which Taxes: +€14,661
- Depreciation +€154,926
up €154,926 (+319.7%), from €48,453 to €203,379
- Gross operating margin +€96,834
up €96,834 (+69.7%), from €138,987 to €235,821
- Staff costs +€40,567
new in 2025: €40,567
- Taxes -€15,358
down €15,358 (-78.6%), from €19,536 to €4,177
- Other operating charges -€12,153
down €12,153 (-70.7%), from €17,184 to €5,031
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 | €432,794 | €1,967,414 | +€1.5m | +354.6% |
| Fixed assets | 21/28 | €313,409 | €1,711,650 | +€1.4m | +446.1% |
| Tangible fixed assets | 22/27 | €313,409 | €1,711,650 | +€1.4m | +446.1% |
| Land and buildings | 22 | €151,724 | €1,551,640 | +€1.4m | +922.7% |
| Furniture and vehicles | 24 | €3,557 | €23,308 | +€19,751 | +555.2% |
| Leasing and similar rights | 25 | €70,740 | €53,055 | -€17,685 | -25.0% |
| Other tangible fixed assets | 26 | €87,387 | €83,648 | -€3,739 | -4.3% |
| Current assets | 29/58 | €119,385 | €255,764 | +€136,379 | +114.2% |
| Amounts receivable after more than one year | 29 | €33,356 | €0 | -€33,356 | -100.0% |
| Other amounts receivable | 291 | €33,356 | €0 | -€33,356 | -100.0% |
| Amounts receivable within one year | 40/41 | €73,826 | €57,656 | -€16,169 | -21.9% |
| Trade receivables | 40 | €63,490 | €42,313 | -€21,177 | -33.4% |
| Other amounts receivable | 41 | €10,335 | €15,343 | +€5,008 | +48.5% |
| Cash at bank and in hand | 54/58 | €7,812 | €196,292 | +€188,480 | +2412.8% |
| Deferred charges and accrued income | 490/1 | €4,392 | €1,816 | -€2,576 | -58.7% |
| Total equity and liabilities | 10/49 | €432,794 | €1,967,414 | +€1.5m | +354.6% |
| Equity | 10/15 | €166,959 | €143,537 | -€23,422 | -14.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €163,959 | €140,537 | -€23,422 | -14.3% |
| Distributable reserves | 133 | €163,959 | €140,537 | -€23,422 | -14.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €265,836 | €1,823,877 | +€1.6m | +586.1% |
| Amounts payable after more than one year | 17 | €189,718 | €1,697,588 | +€1.5m | +794.8% |
| Financial debts | 170/4 | €189,718 | €1,492,148 | +€1.3m | +686.5% |
| Other amounts payable | 178/9 | - | €205,439 | +€205,439 | |
| Amounts payable within one year | 42/48 | €74,997 | €122,770 | +€47,772 | +63.7% |
| Current portion of amounts payable after more than one year | 42 | €29,805 | €73,443 | +€43,638 | +146.4% |
| Financial debts | 43 | €31,241 | €0 | -€31,241 | -100.0% |
| Credit institutions | 430/8 | €31,241 | €0 | -€31,241 | -100.0% |
| Trade debts | 44 | €3,783 | €18,384 | +€14,600 | +385.9% |
| Suppliers | 440/4 | €3,783 | €18,384 | +€14,600 | +385.9% |
| Taxes, remuneration and social security | 45 | €10,168 | €30,943 | +€20,775 | +204.3% |
| Taxes | 450/3 | €10,168 | €24,829 | +€14,661 | +144.2% |
| Remuneration and social security | 454/9 | - | €6,114 | +€6,114 | |
| Accrued charges and deferred income | 492/3 | €1,120 | €3,520 | +€2,400 | +214.3% |
| Remuneration, social security and pensions | 62 | - | €40,567 | +€40,567 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,453 | €203,379 | +€154,926 | +319.7% |
| Other operating charges | 640/8 | €17,184 | €5,031 | -€12,153 | -70.7% |
| Non-recurring operating charges | 66A | €1,559 | €0 | -€1,559 | -100.0% |
| Gross operating margin | 9900 | €138,987 | €235,821 | +€96,834 | +69.7% |
| Operating profit (loss) | 9901 | €71,791 | -€13,156 | -€84,947 | |
| Financial income | 75/76B | €2,427 | €5,327 | +€2,901 | +119.5% |
| Recurring financial income | 75 | €2,427 | €5,327 | +€2,901 | +119.5% |
| Financial charges | 65/66B | €7,660 | €11,417 | +€3,757 | +49.0% |
| Recurring financial charges | 65 | €7,660 | €11,417 | +€3,757 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | €66,558 | -€19,245 | -€85,803 | |
| Income taxes | 67/77 | €19,536 | €4,177 | -€15,358 | -78.6% |
| Profit (loss) for the period | 9904 | €47,022 | -€23,422 | -€70,444 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,022 | -€23,422 | -€70,444 |
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.