Maesekes: 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.
Maesekes
Largest movements
- Tangible fixed assets -€3,979
down €3,979 (-26.6%), from €14,952 to €10,973
of which Plant, machinery and equipment: -€3,979
- Cash -€3,457
down €3,457 (-88.4%), from €3,911 to €454
mainly Net result for the year (-€7,141) and Other debts (-€955)
- Receivables within one year -€547
down €547 (-26.9%), from €2,034 to €1,487
of which Trade receivables: -€326
- Profit (loss) carried forward -€5,941
down €5,941 (-94.9%), from -€6,258 to -€12,199
- Reserves -€1,200
down €1,200 (-19.4%), from €6,200 to €5,000
of which Tax-exempt reserves: -€1,200
- Other debts -€955
no longer reported in 2025 (was €955)
- Gross operating margin -€12,368
down €12,368, from €9,864 to -€2,504
- Depreciation -€7,219
down €7,219 (-64.5%), from €11,198 to €3,979
- Taxes -€293
no longer reported in 2025 (was €293)
- Financial charges -€166
down €166 (-79.8%), from €208 to €42
- Other operating charges +€135
up €135 (+28.0%), from €482 to €617
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 | €20,897 | €12,914 | -€7,983 | -38.2% |
| Fixed assets | 21/28 | €14,952 | €10,973 | -€3,979 | -26.6% |
| Tangible fixed assets | 22/27 | €14,952 | €10,973 | -€3,979 | -26.6% |
| Plant, machinery and equipment | 23 | €13,489 | €9,510 | -€3,979 | -29.5% |
| Furniture and vehicles | 24 | €1,463 | €1,463 | = | 0.0% |
| Current assets | 29/58 | €5,945 | €1,941 | -€4,004 | -67.4% |
| Amounts receivable within one year | 40/41 | €2,034 | €1,487 | -€547 | -26.9% |
| Trade receivables | 40 | €635 | €309 | -€326 | -51.3% |
| Other amounts receivable | 41 | €1,399 | €1,178 | -€221 | -15.8% |
| Cash at bank and in hand | 54/58 | €3,911 | €454 | -€3,457 | -88.4% |
| Total equity and liabilities | 10/49 | €20,897 | €12,914 | -€7,983 | -38.2% |
| Equity | 10/15 | €19,942 | €12,801 | -€7,141 | -35.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €5,000 | -€1,200 | -19.4% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,200 | - | -€1,200 | |
| Profit (loss) carried forward | 14 | -€6,258 | -€12,199 | -€5,941 | -94.9% |
| Amounts payable | 17/49 | €955 | €113 | -€842 | -88.2% |
| Amounts payable within one year | 42/48 | €955 | €113 | -€842 | -88.2% |
| Trade debts | 44 | - | €113 | +€113 | |
| Suppliers | 440/4 | - | €113 | +€113 | |
| Other amounts payable | 47/48 | €955 | - | -€955 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,198 | €3,979 | -€7,219 | -64.5% |
| Other operating charges | 640/8 | €482 | €617 | +€135 | +28.0% |
| Gross operating margin | 9900 | €9,864 | -€2,504 | -€12,368 | |
| Operating profit (loss) | 9901 | -€1,816 | -€7,100 | -€5,284 | -291% |
| Financial income | 75/76B | €1 | €1 | = | 0.0% |
| Recurring financial income | 75 | €1 | €1 | = | 0.0% |
| Financial charges | 65/66B | €208 | €42 | -€166 | -79.8% |
| Recurring financial charges | 65 | €208 | €42 | -€166 | -79.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,023 | -€7,141 | -€5,118 | -253% |
| Income taxes | 67/77 | €293 | - | -€293 | |
| Profit (loss) for the period | 9904 | -€2,316 | -€7,141 | -€4,825 | -208% |
| Transfer from tax-exempt reserves | 789 | - | €1,200 | +€1,200 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,316 | -€5,941 | -€3,625 | -157% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.