LES MAITRES DE CONSTRUCTION: 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.
LES MAITRES DE CONSTRUCTION
Largest movements
- Cash -€29,211
down €29,211 (-96.2%), from €30,369 to €1,158
mainly Trade debts (-€39,403) and Debts after one year (-€7,657)
- Receivables within one year +€6,647
up €6,647 (+4.4%), from €150,074 to €156,721
of which Other amounts receivable: +€9,096
- Trade debts -€39,403
down €39,403 (-96.5%), from €40,818 to €1,415
- Profit (loss) carried forward +€20,289
up €20,289 (+25.6%), from €79,370 to €99,659
- Debts after one year -€7,657
down €7,657 (-3.9%), from €197,177 to €189,520
- Purchases and services -€94,282
down €94,282 (-37.9%), from €248,457 to €154,175
- Turnover -€82,449
down €82,449 (-29.3%), from €281,274 to €198,825
- Staff costs -€21,956
down €21,956 (-98.1%), from €22,376 to €421
- Financial income -€20,056
no longer reported in 2022 (was €20,056)
- Gross operating margin +€11,833
up €11,833 (+36.1%), from €32,817 to €44,650
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €355,300 | €329,560 | -€25,740 | -7.2% |
| Fixed assets | 21/28 | €174,857 | €171,681 | -€3,176 | -1.8% |
| Tangible fixed assets | 22/27 | €174,107 | €170,931 | -€3,176 | -1.8% |
| Land and buildings | 22 | €118,000 | €118,000 | = | 0.0% |
| Furniture and vehicles | 24 | €215 | - | -€215 | |
| Leasing and similar rights | 25 | €55,892 | €52,931 | -€2,961 | -5.3% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €180,443 | €157,879 | -€22,564 | -12.5% |
| Amounts receivable within one year | 40/41 | €150,074 | €156,721 | +€6,647 | +4.4% |
| Trade receivables | 40 | €97,397 | €94,948 | -€2,449 | -2.5% |
| Other amounts receivable | 41 | €52,676 | €61,773 | +€9,096 | +17.3% |
| Cash at bank and in hand | 54/58 | €30,369 | €1,158 | -€29,211 | -96.2% |
| Total equity and liabilities | 10/49 | €355,300 | €329,560 | -€25,740 | -7.2% |
| Equity | 10/15 | €99,830 | €120,119 | +€20,289 | +20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,370 | €99,659 | +€20,289 | +25.6% |
| Amounts payable | 17/49 | €255,470 | €209,441 | -€46,029 | -18.0% |
| Amounts payable after more than one year | 17 | €197,177 | €189,520 | -€7,657 | -3.9% |
| Financial debts | 170/4 | €197,177 | €189,520 | -€7,657 | -3.9% |
| Amounts payable within one year | 42/48 | €58,293 | €19,921 | -€38,372 | -65.8% |
| Current portion of amounts payable after more than one year | 42 | - | €1,130 | +€1,130 | |
| Financial debts | 43 | €10,302 | €10,094 | -€208 | -2.0% |
| Credit institutions | 430/8 | €10,302 | €10,094 | -€208 | -2.0% |
| Trade debts | 44 | €40,818 | €1,415 | -€39,403 | -96.5% |
| Suppliers | 440/4 | €40,818 | €1,415 | -€39,403 | -96.5% |
| Taxes, remuneration and social security | 45 | €7,173 | €7,281 | +€109 | +1.5% |
| Taxes | 450/3 | €4,353 | €6,285 | +€1,932 | +44.4% |
| Remuneration and social security | 454/9 | €2,820 | €996 | -€1,824 | -64.7% |
| Turnover | 70 | €281,274 | €198,825 | -€82,449 | -29.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €248,457 | €154,175 | -€94,282 | -37.9% |
| Remuneration, social security and pensions | 62 | €22,376 | €421 | -€21,956 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,177 | €6,830 | +€3,653 | +115.0% |
| Other operating charges | 640/8 | €3,006 | €8,398 | +€5,392 | +179.3% |
| Gross operating margin | 9900 | €32,817 | €44,650 | +€11,833 | +36.1% |
| Operating profit (loss) | 9901 | €4,257 | €29,001 | +€24,744 | +581.2% |
| Financial income | 75/76B | €20,056 | - | -€20,056 | |
| Recurring financial income | 75 | €20,056 | - | -€20,056 | |
| Financial charges | 65/66B | €9,823 | €8,713 | -€1,110 | -11.3% |
| Recurring financial charges | 65 | €9,823 | €8,713 | -€1,110 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €14,490 | €20,289 | +€5,799 | +40.0% |
| Income taxes | 67/77 | €10,450 | - | -€10,450 | |
| Profit (loss) for the period | 9904 | €4,040 | €20,289 | +€16,249 | +402.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,040 | €20,289 | +€16,249 | +402.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.