MASTERSTROY DAVID: 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.
MASTERSTROY DAVID
Largest movements
- Cash +€16,710
up €16,710 (+374.7%), from €4,459 to €21,169
mainly Depreciation (+€23,403) and Net result for the year (+€11,844)
- Tangible fixed assets -€7,275
down €7,275 (-13.7%), from €53,173 to €45,899
- Receivables within one year +€4,981
up €4,981 (+6.9%), from €71,799 to €76,779
of which Trade receivables: +€4,808
- Current portion of long-term debt -€12,936
down €12,936 (-37.0%), from €35,007 to €22,071
- Profit (loss) carried forward +€11,855
up €11,855 (+58.7%), from €20,204 to €32,060
- Trade debts +€10,831
up €10,831 (+25.7%), from €42,132 to €52,964
- Debts after one year +€5,036
up €5,036 (+25.5%), from €19,785 to €24,820
- Purchases and services -€43,168
down €43,168 (-7.7%), from €562,900 to €519,733
- Turnover -€30,681
down €30,681 (-5.2%), from €587,865 to €557,184
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,431 | €143,847 | +€14,416 | +11.1% |
| Fixed assets | 21/28 | €53,173 | €45,899 | -€7,275 | -13.7% |
| Tangible fixed assets | 22/27 | €53,173 | €45,899 | -€7,275 | -13.7% |
| Furniture and vehicles | 24 | €53,173 | €45,899 | -€7,275 | -13.7% |
| Current assets | 29/58 | €76,258 | €97,948 | +€21,691 | +28.4% |
| Amounts receivable within one year | 40/41 | €71,799 | €76,779 | +€4,981 | +6.9% |
| Trade receivables | 40 | €71,494 | €76,302 | +€4,808 | +6.7% |
| Other amounts receivable | 41 | €304 | €478 | +€173 | +56.9% |
| Cash at bank and in hand | 54/58 | €4,459 | €21,169 | +€16,710 | +374.7% |
| Total equity and liabilities | 10/49 | €129,431 | €143,847 | +€14,416 | +11.1% |
| Equity | 10/15 | €23,204 | €35,060 | +€11,855 | +51.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,204 | €32,060 | +€11,855 | +58.7% |
| Amounts payable | 17/49 | €106,226 | €108,787 | +€2,561 | +2.4% |
| Amounts payable after more than one year | 17 | €19,785 | €24,820 | +€5,036 | +25.5% |
| Financial debts | 170/4 | €19,785 | €24,820 | +€5,036 | +25.5% |
| Amounts payable within one year | 42/48 | €86,442 | €83,967 | -€2,475 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €35,007 | €22,071 | -€12,936 | -37.0% |
| Trade debts | 44 | €42,132 | €52,964 | +€10,831 | +25.7% |
| Suppliers | 440/4 | €42,132 | €52,964 | +€10,831 | +25.7% |
| Taxes, remuneration and social security | 45 | €9,303 | €8,933 | -€370 | -4.0% |
| Taxes | 450/3 | €9,303 | €3,733 | -€5,570 | -59.9% |
| Remuneration and social security | 454/9 | - | €5,200 | +€5,200 | |
| Turnover | 70 | €587,865 | €557,184 | -€30,681 | -5.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €562,900 | €519,733 | -€43,168 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,000 | €23,403 | +€1,403 | +6.4% |
| Gross operating margin | 9900 | €32,653 | €35,247 | +€2,594 | +7.9% |
| Operating profit (loss) | 9901 | €10,653 | €11,844 | +€1,191 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €10,653 | €11,844 | +€1,191 | +11.2% |
| Income taxes | 67/77 | €2,335 | - | -€2,335 | |
| Profit (loss) for the period | 9904 | €8,318 | €11,844 | +€3,526 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,318 | €11,844 | +€3,526 | +42.4% |
Source: filed annual accounts (NBB), fiscal years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.