Mastersoft Engineering: 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.
Mastersoft Engineering
Largest movements
- Cash +€11,698
up €11,698 (+12.0%), from €97,730 to €109,428
mainly Net result for the year (+€29,307) and Depreciation (+€512)
- Deferred charges and accrued income +€1,273
up €1,273 (+64.1%), from €1,985 to €3,258
- Profit (loss) carried forward +€29,307
up €29,307 (+36.1%), from €81,112 to €110,420
- Tax, wage and social debts -€10,236
down €10,236 (-46.7%), from €21,898 to €11,662
- Trade debts -€3,523
down €3,523 (-67.9%), from €5,190 to €1,667
- Other debts -€2,629
no longer reported in 2025 (was €2,629)
- Gross operating margin -€20,772
down €20,772 (-33.9%), from €61,209 to €40,437
- Taxes -€4,047
down €4,047 (-32.0%), from €12,666 to €8,619
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 | €112,829 | €125,749 | +€12,920 | +11.5% |
| Fixed assets | 21/28 | €829 | €317 | -€512 | -61.7% |
| Tangible fixed assets | 22/27 | €829 | €317 | -€512 | -61.7% |
| Furniture and vehicles | 24 | €829 | €317 | -€512 | -61.7% |
| Current assets | 29/58 | €112,000 | €125,432 | +€13,432 | +12.0% |
| Amounts receivable within one year | 40/41 | €12,285 | €12,747 | +€462 | +3.8% |
| Trade receivables | 40 | €12,285 | €10,135 | -€2,150 | -17.5% |
| Other amounts receivable | 41 | - | €2,611 | +€2,611 | |
| Cash at bank and in hand | 54/58 | €97,730 | €109,428 | +€11,698 | +12.0% |
| Deferred charges and accrued income | 490/1 | €1,985 | €3,258 | +€1,273 | +64.1% |
| Total equity and liabilities | 10/49 | €112,829 | €125,749 | +€12,920 | +11.5% |
| Equity | 10/15 | €83,112 | €112,420 | +€29,307 | +35.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,112 | €110,420 | +€29,307 | +36.1% |
| Amounts payable | 17/49 | €29,717 | €13,329 | -€16,387 | -55.1% |
| Amounts payable within one year | 42/48 | €29,717 | €13,329 | -€16,387 | -55.1% |
| Trade debts | 44 | €5,190 | €1,667 | -€3,523 | -67.9% |
| Suppliers | 440/4 | €5,190 | €1,667 | -€3,523 | -67.9% |
| Taxes, remuneration and social security | 45 | €21,898 | €11,662 | -€10,236 | -46.7% |
| Taxes | 450/3 | €21,898 | €11,662 | -€10,236 | -46.7% |
| Other amounts payable | 47/48 | €2,629 | - | -€2,629 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €512 | €512 | = | 0.0% |
| Other operating charges | 640/8 | €1,347 | €1,427 | +€80 | +6.0% |
| Gross operating margin | 9900 | €61,209 | €40,437 | -€20,772 | -33.9% |
| Operating profit (loss) | 9901 | €59,350 | €38,498 | -€20,852 | -35.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -97.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -97.6% |
| Financial charges | 65/66B | €153 | €572 | +€419 | +273% |
| Recurring financial charges | 65 | €153 | €572 | +€419 | +273% |
| Profit (loss) for the period before taxes | 9903 | €59,198 | €37,926 | -€21,272 | -35.9% |
| Income taxes | 67/77 | €12,666 | €8,619 | -€4,047 | -32.0% |
| Profit (loss) for the period | 9904 | €46,532 | €29,307 | -€17,225 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,532 | €29,307 | -€17,225 | -37.0% |
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 16 October 2026 via checked.be.