Mastermind Law: 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.
Mastermind Law
Largest movements
- Receivables within one year +€54,174
up €54,174 (+80.7%), from €67,102 to €121,276
of which Other amounts receivable: +€39,259
- Cash -€3,225
down €3,225 (-3.6%), from €88,364 to €85,139
mainly Receivables within one year (-€54,174) and Debts after one year (-€18,125)
- Trade debts +€61,116
up €61,116 (+70.2%), from €87,077 to €148,192
- Debts after one year -€18,125
down €18,125 (-32.9%), from €55,142 to €37,018
- Reserves +€6,315
up €6,315 (+60.0%), from €10,517 to €16,833
- Other debts -€4,510
down €4,510 (-85.7%), from €5,261 to €751
- Tax, wage and social debts +€3,530
up €3,530 (+61.8%), from €5,708 to €9,238
- Gross operating margin -€8,693
down €8,693 (-29.2%), from €29,807 to €21,115
- Financial charges -€2,507
down €2,507 (-33.0%), from €7,606 to €5,099
- Taxes -€2,157
down €2,157 (-37.9%), from €5,687 to €3,530
- Other operating charges -€1,176
down €1,176 (-28.3%), from €4,159 to €2,983
- Financial income -€796
down €796 (-93.9%), from €848 to €51
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.
Derived cash bridge
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 | €182,506 | €232,156 | +€49,650 | +27.2% |
| Fixed assets | 21/28 | €27,040 | €25,741 | -€1,299 | -4.8% |
| Tangible fixed assets | 22/27 | €23,240 | €21,941 | -€1,299 | -5.6% |
| Land and buildings | 22 | €16,456 | €14,619 | -€1,837 | -11.2% |
| Furniture and vehicles | 24 | €6,785 | €7,322 | +€538 | +7.9% |
| Financial fixed assets | 28 | €3,800 | €3,800 | = | 0.0% |
| Current assets | 29/58 | €155,466 | €206,415 | +€50,949 | +32.8% |
| Amounts receivable within one year | 40/41 | €67,102 | €121,276 | +€54,174 | +80.7% |
| Trade receivables | 40 | €64,302 | €79,217 | +€14,915 | +23.2% |
| Other amounts receivable | 41 | €2,800 | €42,059 | +€39,259 | +1,402% |
| Cash at bank and in hand | 54/58 | €88,364 | €85,139 | -€3,225 | -3.6% |
| Total equity and liabilities | 10/49 | €182,506 | €232,156 | +€49,650 | +27.2% |
| Equity | 10/15 | €12,517 | €18,833 | +€6,315 | +50.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,517 | €16,833 | +€6,315 | +60.0% |
| Distributable reserves | 133 | €10,517 | €16,833 | +€6,315 | +60.0% |
| Amounts payable | 17/49 | €169,989 | €213,323 | +€43,335 | +25.5% |
| Amounts payable after more than one year | 17 | €55,142 | €37,018 | -€18,125 | -32.9% |
| Financial debts | 170/4 | €55,142 | €37,018 | -€18,125 | -32.9% |
| Amounts payable within one year | 42/48 | €114,847 | €176,306 | +€61,459 | +53.5% |
| Current portion of amounts payable after more than one year | 42 | €16,801 | €18,125 | +€1,324 | +7.9% |
| Trade debts | 44 | €87,077 | €148,192 | +€61,116 | +70.2% |
| Suppliers | 440/4 | €87,077 | €148,192 | +€61,116 | +70.2% |
| Taxes, remuneration and social security | 45 | €5,708 | €9,238 | +€3,530 | +61.8% |
| Taxes | 450/3 | €5,708 | €9,238 | +€3,530 | +61.8% |
| Other amounts payable | 47/48 | €5,261 | €751 | -€4,510 | -85.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,686 | €3,239 | +€553 | +20.6% |
| Other operating charges | 640/8 | €4,159 | €2,983 | -€1,176 | -28.3% |
| Gross operating margin | 9900 | €29,807 | €21,115 | -€8,693 | -29.2% |
| Operating profit (loss) | 9901 | €22,962 | €14,893 | -€8,069 | -35.1% |
| Financial income | 75/76B | €848 | €51 | -€796 | -93.9% |
| Recurring financial income | 75 | €848 | €51 | -€796 | -93.9% |
| Financial charges | 65/66B | €7,606 | €5,099 | -€2,507 | -33.0% |
| Recurring financial charges | 65 | €7,606 | €5,099 | -€2,507 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €16,204 | €9,845 | -€6,359 | -39.2% |
| Income taxes | 67/77 | €5,687 | €3,530 | -€2,157 | -37.9% |
| Profit (loss) for the period | 9904 | €10,517 | €6,315 | -€4,202 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,517 | €6,315 | -€4,202 | -40.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.