MASTERLOG: 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.
MASTERLOG
Largest movements
- Cash -€95,536
down €95,536 (-86.5%), from €110,392 to €14,856
mainly Trade debts (-€109,430) and Receivables within one year (-€53,315)
- Receivables within one year +€53,315
up €53,315 (+154.6%), from €34,492 to €87,807
- Trade debts -€109,430
down €109,430 (-99.3%), from €110,176 to €746
- Profit (loss) carried forward +€67,208
up €67,208 (+59.6%), from -€112,854 to -€45,646
- Gross operating margin +€138,841
up €138,841, from -€71,785 to €67,056
- Financial income -€3,754
down €3,754 (-83.7%), from €4,484 to €730
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 | €144,884 | €102,663 | -€42,221 | -29.1% |
| Current assets | 29/58 | €144,884 | €102,663 | -€42,221 | -29.1% |
| Amounts receivable within one year | 40/41 | €34,492 | €87,807 | +€53,315 | +154.6% |
| Other amounts receivable | 41 | €34,492 | €87,807 | +€53,315 | +154.6% |
| Cash at bank and in hand | 54/58 | €110,392 | €14,856 | -€95,536 | -86.5% |
| Total equity and liabilities | 10/49 | €144,884 | €102,663 | -€42,221 | -29.1% |
| Equity | 10/15 | €34,709 | €101,917 | +€67,208 | +193.6% |
| Contributions | 10/11 | €106,288 | €106,288 | = | 0.0% |
| Reserves | 13 | €41,276 | €41,276 | = | 0.0% |
| Distributable reserves | 133 | €41,276 | €41,276 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,854 | -€45,646 | +€67,208 | +59.6% |
| Amounts payable | 17/49 | €110,176 | €746 | -€109,430 | -99.3% |
| Amounts payable within one year | 42/48 | €110,176 | €746 | -€109,430 | -99.3% |
| Trade debts | 44 | €110,176 | €746 | -€109,430 | -99.3% |
| Suppliers | 440/4 | €110,176 | €746 | -€109,430 | -99.3% |
| Other operating charges | 640/8 | €863 | €434 | -€429 | -49.7% |
| Gross operating margin | 9900 | -€71,785 | €67,056 | +€138,841 | |
| Operating profit (loss) | 9901 | -€72,648 | €66,622 | +€139,270 | |
| Financial income | 75/76B | €4,484 | €730 | -€3,754 | -83.7% |
| Recurring financial income | 75 | €4,484 | €730 | -€3,754 | -83.7% |
| Financial charges | 65/66B | €24 | €144 | +€120 | +500.0% |
| Recurring financial charges | 65 | €24 | €144 | +€120 | +500.0% |
| Profit (loss) for the period before taxes | 9903 | -€68,188 | €67,208 | +€135,396 | |
| Profit (loss) for the period | 9904 | -€68,188 | €67,208 | +€135,396 | |
| Profit (loss) for the period to be appropriated | 9905 | -€68,188 | €67,208 | +€135,396 |
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 28 September 2026 via checked.be.