Le Maître Mot: what changed
Le Maître Mot
Largest movements
- Cash +€40,660
up €40,660 (+93.5%), from €43,475 to €84,136
mainly Accrued charges and deferred income (+€24,575) and Net result for the year (+€18,635)
- Tangible fixed assets +€6,721
up €6,721 (+32.6%), from €20,617 to €27,339
of which Furniture and vehicles: +€12,111
- Receivables within one year +€5,687
up €5,687 (+9.1%), from €62,806 to €68,494
of which Trade receivables: +€10,016
- Accrued charges and deferred income +€24,575
up €24,575 (+316%), from €7,783 to €32,358
- Profit (loss) carried forward +€18,635
up €18,635 (+102%), from €18,340 to €36,975
- Tax, wage and social debts +€7,070
up €7,070 (+10.6%), from €66,744 to €73,814
of which Remuneration and social security: +€4,550
- Investment grants +€5,615
up €5,615 (+49.8%), from €11,284 to €16,898
- Trade debts -€2,107
down €2,107 (-50.7%), from €4,152 to €2,046
- Staff costs +€21,043
up €21,043 (+5.5%), from €383,420 to €404,464
- Gross operating margin +€7,512
up €7,512 (+1.8%), from €423,160 to €430,673
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 | €127,281 | €181,033 | +€53,752 | +42.2% |
| Fixed assets | 21/28 | €20,617 | €27,339 | +€6,721 | +32.6% |
| Tangible fixed assets | 22/27 | €20,617 | €27,339 | +€6,721 | +32.6% |
| Plant, machinery and equipment | 23 | €18,796 | €13,406 | -€5,390 | -28.7% |
| Furniture and vehicles | 24 | €1,822 | €13,932 | +€12,111 | +665% |
| Current assets | 29/58 | €106,663 | €153,694 | +€47,031 | +44.1% |
| Amounts receivable within one year | 40/41 | €62,806 | €68,494 | +€5,687 | +9.1% |
| Trade receivables | 40 | - | €10,016 | +€10,016 | |
| Other amounts receivable | 41 | €62,806 | €58,478 | -€4,328 | -6.9% |
| Cash at bank and in hand | 54/58 | €43,475 | €84,136 | +€40,660 | +93.5% |
| Deferred charges and accrued income | 490/1 | €382 | €1,065 | +€683 | +179% |
| Total equity and liabilities | 10/49 | €127,281 | €181,033 | +€53,752 | +42.2% |
| Equity | 10/15 | €48,565 | €72,815 | +€24,250 | +49.9% |
| Reserves | 13 | €18,942 | €18,942 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,340 | €36,975 | +€18,635 | +102% |
| Investment grants | 15 | €11,284 | €16,898 | +€5,615 | +49.8% |
| Amounts payable | 17/49 | €78,716 | €108,218 | +€29,502 | +37.5% |
| Amounts payable within one year | 42/48 | €70,933 | €75,860 | +€4,927 | +6.9% |
| Trade debts | 44 | €4,152 | €2,046 | -€2,107 | -50.7% |
| Suppliers | 440/4 | €4,152 | €2,046 | -€2,107 | -50.7% |
| Taxes, remuneration and social security | 45 | €66,744 | €73,814 | +€7,070 | +10.6% |
| Taxes | 450/3 | €11,579 | €14,099 | +€2,520 | +21.8% |
| Remuneration and social security | 454/9 | €55,165 | €59,715 | +€4,550 | +8.2% |
| Accrued charges and deferred income | 492/3 | €7,783 | €32,358 | +€24,575 | +316% |
| Remuneration, social security and pensions | 62 | €383,420 | €404,464 | +€21,043 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,979 | €7,488 | +€509 | +7.3% |
| Gross operating margin | 9900 | €423,160 | €430,673 | +€7,512 | +1.8% |
| Operating profit (loss) | 9901 | €32,762 | €18,721 | -€14,040 | -42.9% |
| Financial income | 75/76B | €33 | €1 | -€32 | -96.0% |
| Recurring financial income | 75 | €33 | €1 | -€32 | -96.0% |
| Financial charges | 65/66B | €555 | €87 | -€467 | -84.2% |
| Recurring financial charges | 65 | €555 | €87 | -€467 | -84.2% |
| Profit (loss) for the period before taxes | 9903 | €32,240 | €18,635 | -€13,605 | -42.2% |
| Profit (loss) for the period | 9904 | €32,240 | €18,635 | -€13,605 | -42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,240 | €18,635 | -€13,605 | -42.2% |
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 3 November 2026 via checked.be.