Mastr Beheer: what changed
Mastr Beheer
Largest movements
- Receivables within one year -€5,690
down €5,690 (-100%), from €5,690 to €0
of which Trade receivables: -€5,680
- Cash +€3,101
up €3,101 (+110%), from €2,828 to €5,928
mainly Other debts (+€9,353) and Receivables within one year (+€5,690)
- Debts after one year -€21,121
down €21,121 (-21.9%), from €96,392 to €75,271
- Other debts +€9,353
up €9,353 (+66.2%), from €14,126 to €23,479
- Reserves +€5,418
up €5,418 (+12.2%), from €44,551 to €49,969
- Gross operating margin -€32,652
down €32,652 (-70.1%), from €46,575 to €13,923
- Taxes -€8,813
down €8,813 (-79.6%), from €11,074 to €2,260
- Staff costs +€890
new in 2025: €890
- Financial charges -€503
down €503 (-8.8%), from €5,737 to €5,234
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €208,518 | €205,928 | -€2,589 | -1.2% |
| Fixed assets | 21/28 | €200,000 | €200,000 | = | 0.0% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €8,518 | €5,928 | -€2,589 | -30.4% |
| Amounts receivable within one year | 40/41 | €5,690 | €0 | -€5,690 | -100% |
| Trade receivables | 40 | €5,680 | €0 | -€5,680 | -100% |
| Other amounts receivable | 41 | €10 | €0 | -€10 | -100% |
| Cash at bank and in hand | 54/58 | €2,828 | €5,928 | +€3,101 | +110% |
| Total equity and liabilities | 10/49 | €208,518 | €205,928 | -€2,589 | -1.2% |
| Equity | 10/15 | €54,551 | €59,969 | +€5,418 | +9.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €44,551 | €49,969 | +€5,418 | +12.2% |
| Distributable reserves | 133 | €44,551 | €49,969 | +€5,418 | +12.2% |
| Amounts payable | 17/49 | €153,967 | €145,959 | -€8,008 | -5.2% |
| Amounts payable after more than one year | 17 | €96,392 | €75,271 | -€21,121 | -21.9% |
| Financial debts | 170/4 | €96,392 | €75,271 | -€21,121 | -21.9% |
| Amounts payable within one year | 42/48 | €55,928 | €68,969 | +€13,041 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €20,232 | €21,121 | +€889 | +4.4% |
| Trade debts | 44 | €1,226 | €2,526 | +€1,300 | +106% |
| Suppliers | 440/4 | €1,226 | €2,526 | +€1,300 | +106% |
| Taxes, remuneration and social security | 45 | €20,345 | €21,844 | +€1,499 | +7.4% |
| Taxes | 450/3 | €20,345 | €21,844 | +€1,499 | +7.4% |
| Other amounts payable | 47/48 | €14,126 | €23,479 | +€9,353 | +66.2% |
| Accrued charges and deferred income | 492/3 | €1,647 | €1,719 | +€72 | +4.4% |
| Remuneration, social security and pensions | 62 | - | €890 | +€890 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €234 | €120 | -€114 | -48.7% |
| Gross operating margin | 9900 | €46,575 | €13,923 | -€32,652 | -70.1% |
| Operating profit (loss) | 9901 | €46,341 | €12,913 | -€33,428 | -72.1% |
| Financial charges | 65/66B | €5,737 | €5,234 | -€503 | -8.8% |
| Recurring financial charges | 65 | €5,737 | €5,234 | -€503 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €40,604 | €7,679 | -€32,925 | -81.1% |
| Income taxes | 67/77 | €11,074 | €2,260 | -€8,813 | -79.6% |
| Profit (loss) for the period | 9904 | €29,530 | €5,418 | -€24,112 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,530 | €5,418 | -€24,112 | -81.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.