Mastery Capital: 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.
Mastery Capital
Largest movements
- Receivables within one year +€34,285
up €34,285 (+424%), from €8,086 to €42,371
of which Trade receivables: +€27,198
- Trade debts +€27,311
up €27,311 (+403%), from €6,774 to €34,084
- Tax, wage and social debts +€7,047
new in 2025: €7,047
- Profit (loss) carried forward +€1,728
no longer reported in 2025 (was -€1,728)
- Other debts -€1,720
no longer reported in 2025 (was €1,720)
- Gross operating margin +€2,702
new in 2025: €2,702
- Depreciation -€1,728
no longer reported in 2025 (was €1,728)
- Other operating charges +€862
new in 2025: €862
- Financial charges +€113
new in 2025: €113
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 | €8,265 | €42,631 | +€34,366 | +416% |
| Current assets | 29/58 | €8,265 | €42,631 | +€34,366 | +416% |
| Amounts receivable within one year | 40/41 | €8,086 | €42,371 | +€34,285 | +424% |
| Trade receivables | 40 | €1,073 | €28,271 | +€27,198 | +2,534% |
| Other amounts receivable | 41 | €7,013 | €14,100 | +€7,087 | +101% |
| Cash at bank and in hand | 54/58 | €179 | €260 | +€82 | +45.6% |
| Total equity and liabilities | 10/49 | €8,265 | €42,631 | +€34,366 | +416% |
| Equity | 10/15 | -€228 | €1,500 | +€1,728 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,728 | - | +€1,728 | |
| Amounts payable | 17/49 | €8,494 | €41,131 | +€32,638 | +384% |
| Amounts payable within one year | 42/48 | €8,494 | €41,131 | +€32,638 | +384% |
| Trade debts | 44 | €6,774 | €34,084 | +€27,311 | +403% |
| Suppliers | 440/4 | €6,774 | €34,084 | +€27,311 | +403% |
| Taxes, remuneration and social security | 45 | - | €7,047 | +€7,047 | |
| Taxes | 450/3 | - | €7,047 | +€7,047 | |
| Other amounts payable | 47/48 | €1,720 | - | -€1,720 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,728 | - | -€1,728 | |
| Other operating charges | 640/8 | - | €862 | +€862 | |
| Gross operating margin | 9900 | - | €2,702 | +€2,702 | |
| Operating profit (loss) | 9901 | -€1,728 | €1,840 | +€3,568 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | - | €113 | +€113 | |
| Recurring financial charges | 65 | - | €113 | +€113 | |
| Profit (loss) for the period before taxes | 9903 | -€1,728 | €1,728 | +€3,457 | |
| Profit (loss) for the period | 9904 | -€1,728 | €1,728 | +€3,457 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,728 | €1,728 | +€3,457 |
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 17 October 2026 via checked.be.