Maestr'Immo: 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.
Maestr'Immo
Largest movements
- Tangible fixed assets -€211,866
down €211,866 (-100.0%), from €211,866 to €0
of which Land and buildings: -€153,041
- Cash +€87,157
up €87,157 (+1774.9%), from €4,910 to €92,068
mainly Investment in fixed assets (net) (+€211,866) and Receivables within one year (+€34,672)
- Receivables within one year -€34,672
down €34,672 (-11.5%), from €301,588 to €266,916
of which Other amounts receivable: -€34,672
- Deferred charges and accrued income +€10,217
up €10,217 (+209.4%), from €4,878 to €15,095
- Current portion of long-term debt -€152,270
down €152,270 (-100.0%), from €152,270 to €0
- Profit (loss) carried forward +€25,933
up €25,933 (+31.7%), from -€81,868 to -€55,934
- Trade debts -€21,978
down €21,978 (-95.3%), from €23,051 to €1,073
- Gross operating margin +€33,889
up €33,889, from -€13,141 to €20,747
- Depreciation -€10,128
down €10,128 (-100.0%), from €10,128 to €0
- Financial charges -€1,706
down €1,706 (-32.6%), from €5,229 to €3,523
- Other operating charges -€1,470
down €1,470 (-49.4%), from €2,978 to €1,508
- Financial income -€578
down €578 (-5.4%), from €10,795 to €10,217
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 | €672,651 | €523,486 | -€149,164 | -22.2% |
| Fixed assets | 21/28 | €215,316 | €3,450 | -€211,866 | -98.4% |
| Tangible fixed assets | 22/27 | €211,866 | €0 | -€211,866 | -100.0% |
| Land and buildings | 22 | €153,041 | €0 | -€153,041 | -100.0% |
| Plant, machinery and equipment | 23 | €58,825 | €0 | -€58,825 | -100.0% |
| Financial fixed assets | 28 | €3,450 | €3,450 | = | 0.0% |
| Current assets | 29/58 | €457,335 | €520,036 | +€62,702 | +13.7% |
| Amounts receivable after more than one year | 29 | €145,957 | €145,957 | = | 0.0% |
| Other amounts receivable | 291 | €145,957 | €145,957 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €301,588 | €266,916 | -€34,672 | -11.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €301,588 | €266,916 | -€34,672 | -11.5% |
| Cash at bank and in hand | 54/58 | €4,910 | €92,068 | +€87,157 | +1774.9% |
| Deferred charges and accrued income | 490/1 | €4,878 | €15,095 | +€10,217 | +209.4% |
| Total equity and liabilities | 10/49 | €672,651 | €523,486 | -€149,164 | -22.2% |
| Equity | 10/15 | €427,330 | €453,263 | +€25,933 | +6.1% |
| Contributions | 10/11 | €509,197 | €509,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,868 | -€55,934 | +€25,933 | +31.7% |
| Amounts payable | 17/49 | €245,321 | €70,223 | -€175,097 | -71.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €245,321 | €70,223 | -€175,097 | -71.4% |
| Current portion of amounts payable after more than one year | 42 | €152,270 | €0 | -€152,270 | -100.0% |
| Trade debts | 44 | €23,051 | €1,073 | -€21,978 | -95.3% |
| Suppliers | 440/4 | €23,051 | €1,073 | -€21,978 | -95.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €70,000 | €69,150 | -€850 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,128 | €0 | -€10,128 | -100.0% |
| Other operating charges | 640/8 | €2,978 | €1,508 | -€1,470 | -49.4% |
| Gross operating margin | 9900 | -€13,141 | €20,747 | +€33,889 | |
| Operating profit (loss) | 9901 | -€26,247 | €19,239 | +€45,486 | |
| Financial income | 75/76B | €10,795 | €10,217 | -€578 | -5.4% |
| Recurring financial income | 75 | €10,795 | €10,217 | -€578 | -5.4% |
| Financial charges | 65/66B | €5,229 | €3,523 | -€1,706 | -32.6% |
| Recurring financial charges | 65 | €5,229 | €3,523 | -€1,706 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,682 | €25,933 | +€46,615 | |
| Income taxes | 67/77 | -€261 | €0 | +€261 | |
| Profit (loss) for the period | 9904 | -€20,421 | €25,933 | +€46,354 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,421 | €25,933 | +€46,354 |
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 10 October 2026 via checked.be.