Masterplan K: 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.
Masterplan K
Largest movements
- Receivables within one year +€7,569
new in 2025: €7,569
of which Trade receivables: +€7,260
- Cash -€363
down €363 (-2.0%), from €18,624 to €18,260
mainly Receivables within one year (-€7,569) and Tax, wage and social debts (-€380)
- Formation expenses -€287
down €287 (-23.0%), from €1,248 to €961
- Reserves +€10,000
new in 2025: €10,000
- Profit (loss) carried forward -€3,103
down €3,103 (-31.4%), from €9,873 to €6,770
- Other debts +€431
up €431 (+24.6%), from €1,752 to €2,183
- Tax, wage and social debts -€380
down €380 (-5.8%), from €6,553 to €6,173
of which Taxes: -€380
- Gross operating margin -€3,293
down €3,293 (-24.8%), from €13,293 to €10,000
- Taxes -€612
down €612 (-21.8%), from €2,808 to €2,196
- Other operating charges +€162
up €162 (+41.9%), from €387 to €550
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 | €20,872 | €27,799 | +€6,926 | +33.2% |
| Formation expenses | 20 | €1,248 | €961 | -€287 | -23.0% |
| Current assets | 29/58 | €19,625 | €26,838 | +€7,213 | +36.8% |
| Amounts receivable within one year | 40/41 | - | €7,569 | +€7,569 | |
| Trade receivables | 40 | - | €7,260 | +€7,260 | |
| Other amounts receivable | 41 | - | €309 | +€309 | |
| Cash at bank and in hand | 54/58 | €18,624 | €18,260 | -€363 | -2.0% |
| Deferred charges and accrued income | 490/1 | €1,001 | €1,009 | +€7 | +0.7% |
| Total equity and liabilities | 10/49 | €20,872 | €27,799 | +€6,926 | +33.2% |
| Equity | 10/15 | €12,373 | €19,270 | +€6,897 | +55.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €10,000 | +€10,000 | |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €9,873 | €6,770 | -€3,103 | -31.4% |
| Amounts payable | 17/49 | €8,499 | €8,529 | +€29 | +0.3% |
| Amounts payable within one year | 42/48 | €8,499 | €8,529 | +€29 | +0.3% |
| Trade debts | 44 | €195 | €173 | -€22 | -11.3% |
| Suppliers | 440/4 | €195 | €173 | -€22 | -11.3% |
| Taxes, remuneration and social security | 45 | €6,553 | €6,173 | -€380 | -5.8% |
| Taxes | 450/3 | €4,503 | €4,123 | -€380 | -8.4% |
| Remuneration and social security | 454/9 | €2,050 | €2,050 | = | 0.0% |
| Other amounts payable | 47/48 | €1,752 | €2,183 | +€431 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186 | €287 | +€101 | +54.4% |
| Other operating charges | 640/8 | €387 | €550 | +€162 | +41.9% |
| Gross operating margin | 9900 | €13,293 | €10,000 | -€3,293 | -24.8% |
| Operating profit (loss) | 9901 | €12,720 | €9,163 | -€3,556 | -28.0% |
| Financial charges | 65/66B | €39 | €70 | +€31 | +80.8% |
| Recurring financial charges | 65 | €39 | €70 | +€31 | +80.8% |
| Non-recurring financial charges | 66B | €39 | €0 | -€39 | -100% |
| Profit (loss) for the period before taxes | 9903 | €12,681 | €9,093 | -€3,588 | -28.3% |
| Income taxes | 67/77 | €2,808 | €2,196 | -€612 | -21.8% |
| Profit (loss) for the period | 9904 | €9,873 | €6,897 | -€2,976 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,873 | €6,897 | -€2,976 | -30.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.