Maître Pierre: 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 Pierre
Largest movements
- Receivables within one year +€599,990
up €599,990 (+357%), from €168,285 to €768,275
of which Trade receivables: +€598,722
- Cash +€107,940
up €107,940 (+798%), from €13,525 to €121,465
mainly Net result for the year (+€529,072) and Other debts (+€143,778)
- Profit (loss) carried forward +€465,922
up €465,922 (+373%), from €124,905 to €590,827
- Other debts +€143,778
up €143,778 (+42.0%), from €342,035 to €485,812
- Tax, wage and social debts +€94,226
up €94,226 (+201%), from €46,907 to €141,132
of which Taxes: +€94,226
- Debts after one year -€72,695
down €72,695 (-10.4%), from €700,661 to €627,966
- Reserves +€63,150
new in 2025: €63,150
- Gross operating margin +€552,861
up €552,861 (+294%), from €188,353 to €741,214
- Taxes +€135,482
up €135,482 (+323%), from €41,902 to €177,384
- Financial charges +€11,646
up €11,646 (+110%), from €10,568 to €22,214
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,315,721 | €2,010,835 | +€695,114 | +52.8% |
| Fixed assets | 21/28 | €1,133,249 | €1,120,251 | -€12,998 | -1.1% |
| Tangible fixed assets | 22/27 | €55,068 | €42,069 | -€12,998 | -23.6% |
| Furniture and vehicles | 24 | €55,068 | €42,069 | -€12,998 | -23.6% |
| Financial fixed assets | 28 | €1,078,181 | €1,078,181 | = | 0.0% |
| Current assets | 29/58 | €182,472 | €890,584 | +€708,112 | +388% |
| Amounts receivable within one year | 40/41 | €168,285 | €768,275 | +€599,990 | +357% |
| Trade receivables | 40 | €168,285 | €767,007 | +€598,722 | +356% |
| Other amounts receivable | 41 | - | €1,268 | +€1,268 | |
| Cash at bank and in hand | 54/58 | €13,525 | €121,465 | +€107,940 | +798% |
| Deferred charges and accrued income | 490/1 | €662 | €844 | +€181 | +27.4% |
| Total equity and liabilities | 10/49 | €1,315,721 | €2,010,835 | +€695,114 | +52.8% |
| Equity | 10/15 | €144,905 | €673,977 | +€529,072 | +365% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €63,150 | +€63,150 | |
| Tax-exempt reserves | 132 | - | €63,150 | +€63,150 | |
| Profit (loss) carried forward | 14 | €124,905 | €590,827 | +€465,922 | +373% |
| Amounts payable | 17/49 | €1,170,816 | €1,336,857 | +€166,041 | +14.2% |
| Amounts payable after more than one year | 17 | €700,661 | €627,966 | -€72,695 | -10.4% |
| Financial debts | 170/4 | €700,661 | €627,966 | -€72,695 | -10.4% |
| Amounts payable within one year | 42/48 | €468,219 | €707,065 | +€238,847 | +51.0% |
| Current portion of amounts payable after more than one year | 42 | €76,341 | €78,656 | +€2,314 | +3.0% |
| Trade debts | 44 | €2,936 | €1,465 | -€1,471 | -50.1% |
| Suppliers | 440/4 | €2,936 | €1,465 | -€1,471 | -50.1% |
| Taxes, remuneration and social security | 45 | €46,907 | €141,132 | +€94,226 | +201% |
| Taxes | 450/3 | €42,881 | €137,107 | +€94,226 | +220% |
| Remuneration and social security | 454/9 | €4,026 | €4,026 | = | 0.0% |
| Other amounts payable | 47/48 | €342,035 | €485,812 | +€143,778 | +42.0% |
| Accrued charges and deferred income | 492/3 | €1,936 | €1,826 | -€111 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,923 | €12,998 | +€3,075 | +31.0% |
| Other operating charges | 640/8 | €1,055 | €397 | -€658 | -62.4% |
| Gross operating margin | 9900 | €188,353 | €741,214 | +€552,861 | +294% |
| Operating profit (loss) | 9901 | €177,375 | €727,819 | +€550,444 | +310% |
| Financial income | 75/76B | €0 | €852 | +€851 | +230,103% |
| Recurring financial income | 75 | €0 | €852 | +€851 | +230,103% |
| Financial charges | 65/66B | €10,568 | €22,214 | +€11,646 | +110% |
| Recurring financial charges | 65 | €10,568 | €22,214 | +€11,646 | +110% |
| Profit (loss) for the period before taxes | 9903 | €166,807 | €706,456 | +€539,649 | +324% |
| Income taxes | 67/77 | €41,902 | €177,384 | +€135,482 | +323% |
| Profit (loss) for the period | 9904 | €124,905 | €529,072 | +€404,167 | +324% |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €124,905 | €465,922 | +€341,017 | +273% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.