MASTRA: what changed
MASTRA
Largest movements
- Current investments +€13,000
up €13,000 (+23.6%), from €55,000 to €68,000
- Receivables within one year -€8,338
down €8,338 (-63.4%), from €13,150 to €4,812
of which Trade receivables: -€7,404
- Tangible fixed assets -€6,187
down €6,187 (-6.2%), from €100,088 to €93,901
of which Land and buildings: -€3,711
- Cash -€4,046
down €4,046 (-12.2%), from €33,232 to €29,186
mainly Current investments (-€13,000) and Other debts (-€8,368)
- Other debts -€8,368
down €8,368 (-34.1%), from €24,560 to €16,191
- Reserves +€7,989
up €7,989 (+5.4%), from €148,287 to €156,276
- Trade debts -€4,796
down €4,796 (-49.7%), from €9,651 to €4,855
- Turnover -€194,964
no longer reported in 2025 (was €194,964)
- Purchases and services -€174,111
no longer reported in 2025 (was €174,111)
- Gross operating margin -€6,875
down €6,875 (-28.2%), from €24,342 to €17,467
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 | €202,967 | €197,577 | -€5,390 | -2.7% |
| Fixed assets | 21/28 | €100,088 | €93,901 | -€6,187 | -6.2% |
| Tangible fixed assets | 22/27 | €100,088 | €93,901 | -€6,187 | -6.2% |
| Land and buildings | 22 | €92,798 | €89,087 | -€3,711 | -4.0% |
| Plant, machinery and equipment | 23 | €1,977 | €1,415 | -€562 | -28.4% |
| Furniture and vehicles | 24 | €5,313 | €3,399 | -€1,914 | -36.0% |
| Current assets | 29/58 | €102,879 | €103,676 | +€797 | +0.8% |
| Amounts receivable within one year | 40/41 | €13,150 | €4,812 | -€8,338 | -63.4% |
| Trade receivables | 40 | €10,213 | €2,809 | -€7,404 | -72.5% |
| Other amounts receivable | 41 | €2,937 | €2,003 | -€934 | -31.8% |
| Current investments | 50/53 | €55,000 | €68,000 | +€13,000 | +23.6% |
| Cash at bank and in hand | 54/58 | €33,232 | €29,186 | -€4,046 | -12.2% |
| Deferred charges and accrued income | 490/1 | €1,497 | €1,678 | +€182 | +12.1% |
| Total equity and liabilities | 10/49 | €202,967 | €197,577 | -€5,390 | -2.7% |
| Equity | 10/15 | €166,879 | €174,868 | +€7,989 | +4.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €148,287 | €156,276 | +€7,989 | +5.4% |
| Distributable reserves | 133 | €148,287 | €156,276 | +€7,989 | +5.4% |
| Amounts payable | 17/49 | €36,088 | €22,710 | -€13,378 | -37.1% |
| Amounts payable within one year | 42/48 | €35,992 | €22,700 | -€13,292 | -36.9% |
| Trade debts | 44 | €9,651 | €4,855 | -€4,796 | -49.7% |
| Suppliers | 440/4 | €9,651 | €4,855 | -€4,796 | -49.7% |
| Taxes, remuneration and social security | 45 | €1,782 | €1,654 | -€128 | -7.2% |
| Taxes | 450/3 | €1,782 | €1,654 | -€128 | -7.2% |
| Other amounts payable | 47/48 | €24,560 | €16,191 | -€8,368 | -34.1% |
| Accrued charges and deferred income | 492/3 | €96 | €10 | -€86 | -90.0% |
| Turnover | 70 | €194,964 | - | -€194,964 | |
| Goods, raw materials, services and sundry goods | 60/61 | €174,111 | - | -€174,111 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,193 | €6,187 | -€6 | -0.1% |
| Other operating charges | 640/8 | €1,131 | €1,176 | +€45 | +4.0% |
| Gross operating margin | 9900 | €24,342 | €17,467 | -€6,875 | -28.2% |
| Operating profit (loss) | 9901 | €17,017 | €10,104 | -€6,913 | -40.6% |
| Financial income | 75/76B | €1,903 | €2,570 | +€667 | +35.0% |
| Recurring financial income | 75 | €1,903 | €2,570 | +€667 | +35.0% |
| Financial charges | 65/66B | €167 | €70 | -€96 | -57.8% |
| Recurring financial charges | 65 | €167 | €70 | -€96 | -57.8% |
| Profit (loss) for the period before taxes | 9903 | €18,754 | €12,604 | -€6,150 | -32.8% |
| Income taxes | 67/77 | €4,774 | €3,782 | -€991 | -20.8% |
| Profit (loss) for the period | 9904 | €13,980 | €8,822 | -€5,159 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,980 | €8,822 | -€5,159 | -36.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.