MASTYFLEX-BELGIUM: 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.
MASTYFLEX-BELGIUM
Largest movements
- Receivables after one year +€241,068
up €241,068 (+150%), from €161,000 to €402,068
- Reserves +€2.6m
up €2.6m (+39.5%), from €6.6m to €9.2m
of which Distributable reserves: +€2.6m
- Other debts -€2.1m
down €2.1m (-90.5%), from €2.4m to €223,948
- Debts after one year -€171,663
down €171,663 (-8.3%), from €2.1m to €1.9m
of which Financial debts: -€171,663
- Financial income +€4.7m
up €4.7m (+196,168%), from €2,416 to €4.7m
- Gross operating margin +€29,343
up €29,343 (+30.7%), from €95,723 to €125,067
- Financial charges +€27,354
up €27,354 (+93.0%), from €29,404 to €56,758
- Depreciation +€3,893
up €3,893 (+1.7%), from €229,274 to €233,167
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.
Derived cash bridge
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 | €11,240,840 | €11,531,397 | +€290,557 | +2.6% |
| Fixed assets | 21/28 | €10,910,167 | €10,999,658 | +€89,491 | +0.8% |
| Tangible fixed assets | 22/27 | €4,204,558 | €4,279,956 | +€75,398 | +1.8% |
| Land and buildings | 22 | €4,193,841 | €4,271,114 | +€77,274 | +1.8% |
| Plant, machinery and equipment | 23 | €296 | €0 | -€296 | -100% |
| Furniture and vehicles | 24 | €1,352 | €367 | -€985 | -72.8% |
| Other tangible fixed assets | 26 | €9,069 | €8,474 | -€594 | -6.6% |
| Financial fixed assets | 28 | €6,705,609 | €6,719,701 | +€14,092 | +0.2% |
| Current assets | 29/58 | €330,674 | €531,740 | +€201,066 | +60.8% |
| Amounts receivable after more than one year | 29 | €161,000 | €402,068 | +€241,068 | +150% |
| Other amounts receivable | 291 | €161,000 | €402,068 | +€241,068 | +150% |
| Amounts receivable within one year | 40/41 | €131,495 | €93,965 | -€37,530 | -28.5% |
| Trade receivables | 40 | €3,424 | €0 | -€3,424 | -100% |
| Other amounts receivable | 41 | €128,071 | €93,965 | -€34,106 | -26.6% |
| Cash at bank and in hand | 54/58 | €37,071 | €31,561 | -€5,510 | -14.9% |
| Deferred charges and accrued income | 490/1 | €1,107 | €4,145 | +€3,038 | +274% |
| Total equity and liabilities | 10/49 | €11,240,840 | €11,531,397 | +€290,557 | +2.6% |
| Equity | 10/15 | €6,610,279 | €9,208,485 | +€2.6m | +39.3% |
| Contributions | 10/11 | €22,800 | €22,800 | = | 0.0% |
| Reserves | 13 | €6,583,459 | €9,185,685 | +€2.6m | +39.5% |
| Tax-exempt reserves | 132 | €715 | €715 | = | 0.0% |
| Distributable reserves | 133 | €6,582,744 | €9,184,970 | +€2.6m | +39.5% |
| Profit (loss) carried forward | 14 | €4,020 | €0 | -€4,020 | -100% |
| Amounts payable | 17/49 | €4,630,561 | €2,322,912 | -€2.3m | -49.8% |
| Amounts payable after more than one year | 17 | €2,057,363 | €1,885,701 | -€171,663 | -8.3% |
| Financial debts | 170/4 | €2,057,363 | €1,885,701 | -€171,663 | -8.3% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,571,851 | €435,865 | -€2.1m | -83.1% |
| Current portion of amounts payable after more than one year | 42 | €171,663 | €171,663 | = | 0.0% |
| Trade debts | 44 | €39,709 | €28,926 | -€10,782 | -27.2% |
| Suppliers | 440/4 | €39,709 | €28,926 | -€10,782 | -27.2% |
| Taxes, remuneration and social security | 45 | - | €11,328 | +€11,328 | |
| Taxes | 450/3 | - | €11,328 | +€11,328 | |
| Other amounts payable | 47/48 | €2,360,480 | €223,948 | -€2.1m | -90.5% |
| Accrued charges and deferred income | 492/3 | €1,347 | €1,347 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229,274 | €233,167 | +€3,893 | +1.7% |
| Other operating charges | 640/8 | €6,367 | €6,793 | +€426 | +6.7% |
| Gross operating margin | 9900 | €95,723 | €125,067 | +€29,343 | +30.7% |
| Operating profit (loss) | 9901 | -€139,918 | -€114,893 | +€25,024 | +17.9% |
| Financial income | 75/76B | €2,416 | €4,741,271 | +€4.7m | +196,168% |
| Recurring financial income | 75 | €2,416 | €4,741,271 | +€4.7m | +196,168% |
| Financial charges | 65/66B | €29,404 | €56,758 | +€27,354 | +93.0% |
| Recurring financial charges | 65 | €29,404 | €56,758 | +€27,354 | +93.0% |
| Profit (loss) for the period before taxes | 9903 | -€166,906 | €4,569,619 | +€4.7m | |
| Profit (loss) for the period | 9904 | -€166,906 | €4,569,619 | +€4.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€166,906 | €4,569,619 | +€4.7m |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.