MASTERKEY BELGIUM: 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.
MASTERKEY BELGIUM
Largest movements
- Receivables within one year -€15,984
down €15,984 (-84.8%), from €18,847 to €2,863
of which Trade receivables: -€16,182
- Profit (loss) carried forward -€8,361
down €8,361 (-642%), from -€1,302 to -€9,663
- Accrued charges and deferred income -€6,000
no longer reported in 2025 (was €6,000)
- Trade debts -€1,830
down €1,830 (-92.9%), from €1,969 to €139
- Gross operating margin -€8,100
down €8,100, from €2,719 to -€5,381
- Other operating charges +€2,940
new in 2025: €2,940
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 | €31,033 | €14,842 | -€16,191 | -52.2% |
| Current assets | 29/58 | €31,033 | €14,842 | -€16,191 | -52.2% |
| Amounts receivable within one year | 40/41 | €18,847 | €2,863 | -€15,984 | -84.8% |
| Trade receivables | 40 | €16,182 | - | -€16,182 | |
| Other amounts receivable | 41 | €2,665 | €2,863 | +€198 | +7.4% |
| Cash at bank and in hand | 54/58 | €12,186 | €11,979 | -€207 | -1.7% |
| Total equity and liabilities | 10/49 | €31,033 | €14,842 | -€16,191 | -52.2% |
| Equity | 10/15 | €23,064 | €14,703 | -€8,361 | -36.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €4,366 | €4,366 | = | 0.0% |
| Non-distributable reserves | 130/1 | €566 | €566 | = | 0.0% |
| Reserves not available under the articles | 1311 | €566 | €566 | = | 0.0% |
| Distributable reserves | 133 | €3,800 | €3,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,302 | -€9,663 | -€8,361 | -642% |
| Amounts payable | 17/49 | €7,969 | €139 | -€7,830 | -98.3% |
| Amounts payable within one year | 42/48 | €1,969 | €139 | -€1,830 | -92.9% |
| Trade debts | 44 | €1,969 | €139 | -€1,830 | -92.9% |
| Suppliers | 440/4 | €1,969 | €139 | -€1,830 | -92.9% |
| Accrued charges and deferred income | 492/3 | €6,000 | - | -€6,000 | |
| Other operating charges | 640/8 | - | €2,940 | +€2,940 | |
| Gross operating margin | 9900 | €2,719 | -€5,381 | -€8,100 | |
| Operating profit (loss) | 9901 | €2,719 | -€8,321 | -€11,040 | |
| Financial income | 75/76B | €93 | €122 | +€29 | +31.2% |
| Recurring financial income | 75 | €93 | €122 | +€29 | +31.2% |
| Financial charges | 65/66B | €167 | €162 | -€5 | -3.0% |
| Recurring financial charges | 65 | €167 | €162 | -€5 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €2,645 | -€8,361 | -€11,006 | |
| Profit (loss) for the period | 9904 | €2,645 | -€8,361 | -€11,006 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,645 | -€8,361 | -€11,006 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.