Maître Carré: 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.
Maître Carré
Largest movements
- Cash -€28,117
down €28,117 (-43.3%), from €64,956 to €36,839
mainly Other debts (-€138,352) and Trade debts (-€76,485)
- Tangible fixed assets +€23,813
up €23,813 (+5.2%), from €453,855 to €477,668
of which Land and buildings: +€16,274
- Receivables within one year -€7,284
down €7,284 (-26.4%), from €27,637 to €20,353
of which Other amounts receivable: -€5,483
- Debts after one year +€162,564
up €162,564 (+77.3%), from €210,329 to €372,892
- Other debts -€138,352
down €138,352 (-96.7%), from €143,090 to €4,738
- Trade debts -€76,485
down €76,485 (-96.9%), from €78,944 to €2,458
- Reserves +€29,716
up €29,716 (+33.3%), from €89,328 to €119,043
- Tax, wage and social debts +€10,603
up €10,603 (+122%), from €8,663 to €19,266
- Gross operating margin +€21,089
up €21,089 (+46.5%), from €45,381 to €66,470
- Taxes +€6,338
up €6,338 (+140%), from €4,517 to €10,856
- Financial charges -€5,051
down €5,051 (-37.1%), from €13,607 to €8,556
- Depreciation -€2,881
down €2,881 (-14.4%), from €20,039 to €17,158
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 | €547,374 | €535,885 | -€11,489 | -2.1% |
| Fixed assets | 21/28 | €453,855 | €477,668 | +€23,813 | +5.2% |
| Tangible fixed assets | 22/27 | €453,855 | €477,668 | +€23,813 | +5.2% |
| Land and buildings | 22 | €449,606 | €465,879 | +€16,274 | +3.6% |
| Plant, machinery and equipment | 23 | €839 | €332 | -€508 | -60.5% |
| Furniture and vehicles | 24 | €3,410 | €11,457 | +€8,047 | +236% |
| Current assets | 29/58 | €93,519 | €58,217 | -€35,302 | -37.7% |
| Amounts receivable within one year | 40/41 | €27,637 | €20,353 | -€7,284 | -26.4% |
| Trade receivables | 40 | €22,154 | €20,353 | -€1,801 | -8.1% |
| Other amounts receivable | 41 | €5,483 | - | -€5,483 | |
| Cash at bank and in hand | 54/58 | €64,956 | €36,839 | -€28,117 | -43.3% |
| Deferred charges and accrued income | 490/1 | €926 | €1,024 | +€98 | +10.6% |
| Total equity and liabilities | 10/49 | €547,374 | €535,885 | -€11,489 | -2.1% |
| Equity | 10/15 | €94,328 | €124,043 | +€29,716 | +31.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €89,328 | €119,043 | +€29,716 | +33.3% |
| Distributable reserves | 133 | €89,328 | €119,043 | +€29,716 | +33.3% |
| Amounts payable | 17/49 | €453,047 | €411,842 | -€41,205 | -9.1% |
| Amounts payable after more than one year | 17 | €210,329 | €372,892 | +€162,564 | +77.3% |
| Financial debts | 170/4 | €210,329 | €372,892 | +€162,564 | +77.3% |
| Amounts payable within one year | 42/48 | €242,668 | €38,899 | -€203,768 | -84.0% |
| Current portion of amounts payable after more than one year | 42 | €11,971 | €12,436 | +€466 | +3.9% |
| Trade debts | 44 | €78,944 | €2,458 | -€76,485 | -96.9% |
| Suppliers | 440/4 | €78,944 | €2,458 | -€76,485 | -96.9% |
| Taxes, remuneration and social security | 45 | €8,663 | €19,266 | +€10,603 | +122% |
| Taxes | 450/3 | €8,663 | €19,266 | +€10,603 | +122% |
| Other amounts payable | 47/48 | €143,090 | €4,738 | -€138,352 | -96.7% |
| Accrued charges and deferred income | 492/3 | €50 | €50 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,039 | €17,158 | -€2,881 | -14.4% |
| Other operating charges | 640/8 | €178 | €185 | +€7 | +4.2% |
| Gross operating margin | 9900 | €45,381 | €66,470 | +€21,089 | +46.5% |
| Operating profit (loss) | 9901 | €25,164 | €49,126 | +€23,963 | +95.2% |
| Financial income | 75/76B | €3 | €1 | -€2 | -72.5% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -72.5% |
| Financial charges | 65/66B | €13,607 | €8,556 | -€5,051 | -37.1% |
| Recurring financial charges | 65 | €13,607 | €8,556 | -€5,051 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €11,560 | €40,571 | +€29,012 | +251% |
| Income taxes | 67/77 | €4,517 | €10,856 | +€6,338 | +140% |
| Profit (loss) for the period | 9904 | €7,042 | €29,716 | +€22,673 | +322% |
| Profit (loss) for the period to be appropriated | 9905 | €7,042 | €29,716 | +€22,673 | +322% |
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 26 October 2026 via checked.be.