LE MASCARON: what changed
Two fiscal 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.
LE MASCARON
Largest movements
- Cash +€195,436
up €195,436 (+211.6%), from €92,339 to €287,775
mainly Depreciation (+€211,412) and Net result for the year (+€114,661)
- Tangible fixed assets -€50,830
down €50,830 (-11.3%), from €450,645 to €399,815
- Receivables within one year -€25,131
down €25,131 (-35.0%), from €71,765 to €46,633
- Deferred charges and accrued income +€10,435
up €10,435 (+66.3%), from €15,747 to €26,182
- Profit (loss) carried forward +€114,661
up €114,661 (+32.6%), from -€352,055 to -€237,394
- Tax, wage and social debts +€31,286
up €31,286 (+46.1%), from €67,851 to €99,137
of which Taxes: +€33,064
- Debts after one year -€28,813
down €28,813 (-14.0%), from €206,511 to €177,699
- Current portion of long-term debt +€10,443
up €10,443 (+10.6%), from €98,640 to €109,082
- Gross operating margin +€130,055
up €130,055 (+20.3%), from €640,441 to €770,496
- Depreciation +€48,670
up €48,670 (+29.9%), from €162,743 to €211,412
- Other operating charges -€8,492
down €8,492 (-28.4%), from €29,854 to €21,361
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €636,663 | €766,578 | +€129,915 | +20.4% |
| Fixed assets | 21/28 | €456,812 | €405,988 | -€50,825 | -11.1% |
| Tangible fixed assets | 22/27 | €450,645 | €399,815 | -€50,830 | -11.3% |
| Plant, machinery and equipment | 23 | €103,334 | €91,375 | -€11,960 | -11.6% |
| Furniture and vehicles | 24 | €71,530 | €54,975 | -€16,555 | -23.1% |
| Other tangible fixed assets | 26 | €275,780 | €253,465 | -€22,316 | -8.1% |
| Financial fixed assets | 28 | €6,168 | €6,173 | +€5 | +0.1% |
| Current assets | 29/58 | €179,851 | €360,591 | +€180,740 | +100.5% |
| Amounts receivable within one year | 40/41 | €71,765 | €46,633 | -€25,131 | -35.0% |
| Trade receivables | 40 | €71,765 | €46,633 | -€25,131 | -35.0% |
| Cash at bank and in hand | 54/58 | €92,339 | €287,775 | +€195,436 | +211.6% |
| Deferred charges and accrued income | 490/1 | €15,747 | €26,182 | +€10,435 | +66.3% |
| Total equity and liabilities | 10/49 | €636,663 | €766,578 | +€129,915 | +20.4% |
| Equity | 10/15 | -€339,655 | -€224,994 | +€114,661 | +33.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€352,055 | -€237,394 | +€114,661 | +32.6% |
| Amounts payable | 17/49 | €976,318 | €991,572 | +€15,254 | +1.6% |
| Amounts payable after more than one year | 17 | €206,511 | €177,699 | -€28,813 | -14.0% |
| Financial debts | 170/4 | €206,511 | €177,699 | -€28,813 | -14.0% |
| Amounts payable within one year | 42/48 | €769,806 | €813,873 | +€44,067 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €98,640 | €109,082 | +€10,443 | +10.6% |
| Trade debts | 44 | €80,428 | €77,304 | -€3,124 | -3.9% |
| Suppliers | 440/4 | €80,428 | €77,304 | -€3,124 | -3.9% |
| Advances received on contracts in progress | 46 | €400 | - | -€400 | |
| Taxes, remuneration and social security | 45 | €67,851 | €99,137 | +€31,286 | +46.1% |
| Taxes | 450/3 | €6,152 | €39,216 | +€33,064 | +537.4% |
| Remuneration and social security | 454/9 | €61,699 | €59,921 | -€1,778 | -2.9% |
| Other amounts payable | 47/48 | €522,488 | €528,350 | +€5,862 | +1.1% |
| Non-recurring operating income | 76A | €1,476 | €623 | -€853 | -57.8% |
| Remuneration, social security and pensions | 62 | €416,110 | €409,531 | -€6,579 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,743 | €211,412 | +€48,670 | +29.9% |
| Other operating charges | 640/8 | €29,854 | €21,361 | -€8,492 | -28.4% |
| Non-recurring operating charges | 66A | €65 | €21 | -€45 | -68.4% |
| Gross operating margin | 9900 | €640,441 | €770,496 | +€130,055 | +20.3% |
| Operating profit (loss) | 9901 | €31,669 | €128,171 | +€96,501 | +304.7% |
| Financial income | 75/76B | €24 | €559 | +€535 | +2209.3% |
| Recurring financial income | 75 | €24 | €559 | +€535 | +2209.3% |
| Financial charges | 65/66B | €7,056 | €13,693 | +€6,637 | +94.1% |
| Recurring financial charges | 65 | €7,056 | €8,507 | +€1,452 | +20.6% |
| Non-recurring financial charges | 66B | - | €5,186 | +€5,186 | |
| Profit (loss) for the period before taxes | 9903 | €24,638 | €115,036 | +€90,399 | +366.9% |
| Income taxes | 67/77 | €551 | €376 | -€175 | -31.8% |
| Profit (loss) for the period | 9904 | €24,087 | €114,661 | +€90,574 | +376.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,087 | €114,661 | +€90,574 | +376.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.