MASTERING COMPANY: 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.
MASTERING COMPANY
Largest movements
- Stocks and contracts -€133,950
down €133,950 (-39.0%), from €343,179 to €209,229
- Deferred charges and accrued income -€59,520
down €59,520 (-96.6%), from €61,607 to €2,087
- Receivables within one year +€34,124
up €34,124 (+52.8%), from €64,645 to €98,769
of which Trade receivables: +€73,533
- Cash -€7,903
down €7,903 (-96.9%), from €8,153 to €251
mainly Advances received (-€166,828) and Receivables within one year (-€34,124)
- Advances received -€166,828
no longer reported in 2024 (was €166,828)
- Trade debts -€27,597
down €27,597 (-12.0%), from €230,088 to €202,491
- Other debts +€15,093
up €15,093 (+669%), from €2,255 to €17,348
- Reserves +€10,206
up €10,206 (+34.5%), from €29,549 to €39,755
of which Distributable reserves: +€10,206
- Staff costs -€8,367
down €8,367 (-49.0%), from €17,083 to €8,716
- Taxes +€1,947
up €1,947 (+26.4%), from €7,367 to €9,314
- Other operating charges +€1,271
up €1,271 (+34.8%), from €3,651 to €4,922
- Gross operating margin -€769
down €769 (-1.8%), from €41,747 to €40,978
- Financial charges -€641
down €641 (-14.1%), from €4,554 to €3,913
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €486,212 | €314,906 | -€171,306 | -35.2% |
| Fixed assets | 21/28 | €8,628 | €4,570 | -€4,058 | -47.0% |
| Tangible fixed assets | 22/27 | €8,468 | €4,410 | -€4,058 | -47.9% |
| Land and buildings | 22 | €904 | €452 | -€452 | -50.0% |
| Plant, machinery and equipment | 23 | €7,564 | €3,958 | -€3,606 | -47.7% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €477,584 | €310,336 | -€167,248 | -35.0% |
| Stocks and contracts in progress | 3 | €343,179 | €209,229 | -€133,950 | -39.0% |
| Stocks | 30/36 | €343,179 | €209,229 | -€133,950 | -39.0% |
| Amounts receivable within one year | 40/41 | €64,645 | €98,769 | +€34,124 | +52.8% |
| Trade receivables | 40 | - | €73,533 | +€73,533 | |
| Other amounts receivable | 41 | €64,645 | €25,236 | -€39,409 | -61.0% |
| Cash at bank and in hand | 54/58 | €8,153 | €251 | -€7,903 | -96.9% |
| Deferred charges and accrued income | 490/1 | €61,607 | €2,087 | -€59,520 | -96.6% |
| Total equity and liabilities | 10/49 | €486,212 | €314,906 | -€171,306 | -35.2% |
| Equity | 10/15 | €73,149 | €83,355 | +€10,206 | +14.0% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €29,549 | €39,755 | +€10,206 | +34.5% |
| Non-distributable reserves | 130/1 | €1,481 | €1,481 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,481 | €1,481 | = | 0.0% |
| Distributable reserves | 133 | €28,068 | €38,274 | +€10,206 | +36.4% |
| Amounts payable | 17/49 | €413,063 | €231,551 | -€181,512 | -43.9% |
| Amounts payable within one year | 42/48 | €413,063 | €231,551 | -€181,512 | -43.9% |
| Trade debts | 44 | €230,088 | €202,491 | -€27,597 | -12.0% |
| Suppliers | 440/4 | €230,088 | €202,491 | -€27,597 | -12.0% |
| Advances received on contracts in progress | 46 | €166,828 | - | -€166,828 | |
| Taxes, remuneration and social security | 45 | €13,892 | €11,712 | -€2,180 | -15.7% |
| Taxes | 450/3 | €6,696 | €9,333 | +€2,637 | +39.4% |
| Remuneration and social security | 454/9 | €7,196 | €2,379 | -€4,817 | -66.9% |
| Other amounts payable | 47/48 | €2,255 | €17,348 | +€15,093 | +669% |
| Remuneration, social security and pensions | 62 | €17,083 | €8,716 | -€8,367 | -49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,300 | €4,058 | -€242 | -5.6% |
| Other operating charges | 640/8 | €3,651 | €4,922 | +€1,271 | +34.8% |
| Gross operating margin | 9900 | €41,747 | €40,978 | -€769 | -1.8% |
| Operating profit (loss) | 9901 | €16,712 | €23,282 | +€6,570 | +39.3% |
| Financial income | 75/76B | €4 | €152 | +€148 | +3,709% |
| Recurring financial income | 75 | €4 | €152 | +€148 | +3,709% |
| Financial charges | 65/66B | €4,554 | €3,913 | -€641 | -14.1% |
| Recurring financial charges | 65 | €4,554 | €3,913 | -€641 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €12,162 | €19,521 | +€7,359 | +60.5% |
| Income taxes | 67/77 | €7,367 | €9,314 | +€1,947 | +26.4% |
| Profit (loss) for the period | 9904 | €4,795 | €10,206 | +€5,412 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €4,795 | €10,206 | +€5,412 | +113% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.