MAESTERPLAN: what changed
Two fiscal 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.
MAESTERPLAN
Largest movements
- Receivables after one year +€70,000
new in 2025: €70,000
- Cash +€5,815
up €5,815 (+4.3%), from €135,003 to €140,818
mainly Net result for the year (+€83,744) and Other debts (+€1,115)
- Reserves +€83,744
up €83,744 (+79.7%), from €105,101 to €188,845
- Tax, wage and social debts -€7,271
down €7,271 (-18.0%), from €40,332 to €33,061
- Trade debts -€3,190
down €3,190 (-76.3%), from €4,181 to €991
- Gross operating margin -€45,639
down €45,639 (-29.2%), from €156,047 to €110,408
- Financial charges -€16,680
down €16,680 (-89.9%), from €18,545 to €1,864
- Taxes -€7,804
down €7,804 (-25.1%), from €31,133 to €23,330
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.
Cash bridge derived
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 | €152,614 | €227,259 | +€74,645 | +48.9% |
| Fixed assets | 21/28 | €1,305 | €523 | -€782 | -59.9% |
| Tangible fixed assets | 22/27 | €1,305 | €523 | -€782 | -59.9% |
| Plant, machinery and equipment | 23 | €1,305 | €523 | -€782 | -59.9% |
| Current assets | 29/58 | €151,309 | €226,736 | +€75,427 | +49.8% |
| Amounts receivable after more than one year | 29 | - | €70,000 | +€70,000 | |
| Other amounts receivable | 291 | - | €70,000 | +€70,000 | |
| Amounts receivable within one year | 40/41 | €15,702 | €15,428 | -€274 | -1.7% |
| Trade receivables | 40 | €13,354 | €15,428 | +€2,074 | +15.5% |
| Other amounts receivable | 41 | €2,348 | - | -€2,348 | |
| Cash at bank and in hand | 54/58 | €135,003 | €140,818 | +€5,815 | +4.3% |
| Deferred charges and accrued income | 490/1 | €605 | €490 | -€114 | -18.9% |
| Total equity and liabilities | 10/49 | €152,614 | €227,259 | +€74,645 | +48.9% |
| Equity | 10/15 | €108,101 | €191,845 | +€83,744 | +77.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €105,101 | €188,845 | +€83,744 | +79.7% |
| Distributable reserves | 133 | €105,101 | €188,845 | +€83,744 | +79.7% |
| Amounts payable | 17/49 | €44,513 | €35,413 | -€9,099 | -20.4% |
| Amounts payable within one year | 42/48 | €44,513 | €35,167 | -€9,345 | -21.0% |
| Trade debts | 44 | €4,181 | €991 | -€3,190 | -76.3% |
| Suppliers | 440/4 | €4,181 | €991 | -€3,190 | -76.3% |
| Taxes, remuneration and social security | 45 | €40,332 | €33,061 | -€7,271 | -18.0% |
| Taxes | 450/3 | €40,332 | €33,061 | -€7,271 | -18.0% |
| Other amounts payable | 47/48 | - | €1,115 | +€1,115 | |
| Accrued charges and deferred income | 492/3 | - | €246 | +€246 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,040 | €782 | -€258 | -24.8% |
| Other operating charges | 640/8 | €476 | €688 | +€212 | +44.5% |
| Gross operating margin | 9900 | €156,047 | €110,408 | -€45,639 | -29.2% |
| Operating profit (loss) | 9901 | €154,530 | €108,938 | -€45,592 | -29.5% |
| Financial income | 75/76B | €249 | - | -€249 | |
| Recurring financial income | 75 | €249 | - | -€249 | |
| Financial charges | 65/66B | €18,545 | €1,864 | -€16,680 | -89.9% |
| Recurring financial charges | 65 | €18,545 | €1,864 | -€16,680 | -89.9% |
| Profit (loss) for the period before taxes | 9903 | €136,235 | €107,074 | -€29,161 | -21.4% |
| Income taxes | 67/77 | €31,133 | €23,330 | -€7,804 | -25.1% |
| Profit (loss) for the period | 9904 | €105,101 | €83,744 | -€21,357 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €105,101 | €83,744 | -€21,357 | -20.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.