Masterfix Waasland: what changed
Masterfix Waasland
Largest movements
- Receivables within one year -€30,549
down €30,549 (-42.4%), from €72,056 to €41,507
of which Trade receivables: -€39,494
- Tangible fixed assets -€13,740
down €13,740 (-56.7%), from €24,222 to €10,482
of which Furniture and vehicles: -€12,085
- Stocks and contracts -€6,695
down €6,695 (-39.5%), from €16,969 to €10,275
- Cash -€5,358
down €5,358 (-27.7%), from €19,310 to €13,952
mainly Trade debts (-€37,195) and Other debts (-€18,656)
- Trade debts -€37,195
down €37,195 (-54.1%), from €68,787 to €31,592
- Other debts -€18,656
down €18,656 (-96.1%), from €19,414 to €759
- Advances received -€8,817
down €8,817 (-79.0%), from €11,163 to €2,346
- Profit (loss) carried forward +€6,986
up €6,986 (+33.6%), from €20,802 to €27,789
- Depreciation -€4,205
down €4,205 (-52.8%), from €7,959 to €3,754
- Gross operating margin +€1,926
up €1,926 (+12.6%), from €15,254 to €17,180
- Other operating charges +€1,310
up €1,310 (+85.2%), from €1,538 to €2,848
- Taxes +€1,121
up €1,121 (+51.8%), from €2,163 to €3,284
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,056 | €76,741 | -€57,315 | -42.8% |
| Fixed assets | 21/28 | €24,222 | €10,482 | -€13,740 | -56.7% |
| Tangible fixed assets | 22/27 | €24,222 | €10,482 | -€13,740 | -56.7% |
| Plant, machinery and equipment | 23 | €10,015 | €8,359 | -€1,656 | -16.5% |
| Furniture and vehicles | 24 | €14,208 | €2,123 | -€12,085 | -85.1% |
| Current assets | 29/58 | €109,834 | €66,259 | -€43,574 | -39.7% |
| Stocks and contracts in progress | 3 | €16,969 | €10,275 | -€6,695 | -39.5% |
| Stocks | 30/36 | €16,969 | €10,275 | -€6,695 | -39.5% |
| Amounts receivable within one year | 40/41 | €72,056 | €41,507 | -€30,549 | -42.4% |
| Trade receivables | 40 | €67,849 | €28,355 | -€39,494 | -58.2% |
| Other amounts receivable | 41 | €4,207 | €13,152 | +€8,945 | +213% |
| Cash at bank and in hand | 54/58 | €19,310 | €13,952 | -€5,358 | -27.7% |
| Deferred charges and accrued income | 490/1 | €1,499 | €525 | -€973 | -64.9% |
| Total equity and liabilities | 10/49 | €134,056 | €76,741 | -€57,315 | -42.8% |
| Equity | 10/15 | €23,302 | €30,289 | +€6,986 | +30.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,802 | €27,789 | +€6,986 | +33.6% |
| Amounts payable | 17/49 | €110,754 | €46,453 | -€64,301 | -58.1% |
| Amounts payable within one year | 42/48 | €110,754 | €46,453 | -€64,301 | -58.1% |
| Trade debts | 44 | €68,787 | €31,592 | -€37,195 | -54.1% |
| Suppliers | 440/4 | €68,787 | €31,592 | -€37,195 | -54.1% |
| Advances received on contracts in progress | 46 | €11,163 | €2,346 | -€8,817 | -79.0% |
| Taxes, remuneration and social security | 45 | €11,390 | €11,756 | +€366 | +3.2% |
| Taxes | 450/3 | €11,390 | €11,756 | +€366 | +3.2% |
| Other amounts payable | 47/48 | €19,414 | €759 | -€18,656 | -96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,959 | €3,754 | -€4,205 | -52.8% |
| Other operating charges | 640/8 | €1,538 | €2,848 | +€1,310 | +85.2% |
| Gross operating margin | 9900 | €15,254 | €17,180 | +€1,926 | +12.6% |
| Operating profit (loss) | 9901 | €5,757 | €10,579 | +€4,822 | +83.8% |
| Financial income | 75/76B | €226 | €272 | +€46 | +20.2% |
| Recurring financial income | 75 | €226 | €272 | +€46 | +20.2% |
| Financial charges | 65/66B | €599 | €580 | -€19 | -3.1% |
| Recurring financial charges | 65 | €599 | €580 | -€19 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €5,384 | €10,270 | +€4,886 | +90.8% |
| Income taxes | 67/77 | €2,163 | €3,284 | +€1,121 | +51.8% |
| Profit (loss) for the period | 9904 | €3,221 | €6,986 | +€3,765 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €3,221 | €6,986 | +€3,765 | +117% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.