MAESTREAM: 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.
MAESTREAM
Largest movements
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash -€3,191
down €3,191 (-9.2%), from €34,861 to €31,670
mainly Contributions, distributions and other (-€215,000) and Tax, wage and social debts (-€11,831)
- Tangible fixed assets -€2,822
down €2,822 (-36.4%), from €7,751 to €4,929
of which Furniture and vehicles: -€2,431
- Reserves -€155,425
down €155,425 (-97.6%), from €159,258 to €3,834
- Other debts +€65,000
new in 2025: €65,000
- Tax, wage and social debts -€11,831
down €11,831 (-45.7%), from €25,894 to €14,063
- Gross operating margin +€18,356
up €18,356 (+30.9%), from €59,325 to €77,681
- Taxes +€4,722
up €4,722 (+39.8%), from €11,863 to €16,586
- Depreciation -€1,139
down €1,139 (-28.8%), from €3,961 to €2,822
- Financial income +€877
up €877 (+53.4%), from €1,642 to €2,518
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 | €190,773 | €87,596 | -€103,177 | -54.1% |
| Fixed assets | 21/28 | €7,751 | €4,929 | -€2,822 | -36.4% |
| Tangible fixed assets | 22/27 | €7,751 | €4,929 | -€2,822 | -36.4% |
| Plant, machinery and equipment | 23 | €478 | €88 | -€391 | -81.7% |
| Furniture and vehicles | 24 | €7,273 | €4,841 | -€2,431 | -33.4% |
| Current assets | 29/58 | €183,022 | €82,667 | -€100,355 | -54.8% |
| Amounts receivable within one year | 40/41 | €48,161 | €49,892 | +€1,731 | +3.6% |
| Trade receivables | 40 | €14,823 | €14,823 | = | 0.0% |
| Other amounts receivable | 41 | €33,339 | €35,069 | +€1,731 | +5.2% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €34,861 | €31,670 | -€3,191 | -9.2% |
| Deferred charges and accrued income | 490/1 | - | €1,106 | +€1,106 | |
| Total equity and liabilities | 10/49 | €190,773 | €87,596 | -€103,177 | -54.1% |
| Equity | 10/15 | €161,258 | €5,834 | -€155,425 | -96.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €159,258 | €3,834 | -€155,425 | -97.6% |
| Distributable reserves | 133 | €159,258 | €3,834 | -€155,425 | -97.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €29,515 | €81,763 | +€52,248 | +177.0% |
| Amounts payable within one year | 42/48 | €29,515 | €80,872 | +€51,357 | +174.0% |
| Trade debts | 44 | €3,621 | €1,809 | -€1,812 | -50.0% |
| Suppliers | 440/4 | €3,621 | €1,809 | -€1,812 | -50.0% |
| Taxes, remuneration and social security | 45 | €25,894 | €14,063 | -€11,831 | -45.7% |
| Taxes | 450/3 | €25,894 | €14,063 | -€11,831 | -45.7% |
| Other amounts payable | 47/48 | - | €65,000 | +€65,000 | |
| Accrued charges and deferred income | 492/3 | - | €891 | +€891 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,961 | €2,822 | -€1,139 | -28.8% |
| Other operating charges | 640/8 | €1,360 | €667 | -€693 | -51.0% |
| Gross operating margin | 9900 | €59,325 | €77,681 | +€18,356 | +30.9% |
| Operating profit (loss) | 9901 | €54,004 | €74,193 | +€20,189 | +37.4% |
| Financial income | 75/76B | €1,642 | €2,518 | +€877 | +53.4% |
| Recurring financial income | 75 | €1,642 | €2,518 | +€877 | +53.4% |
| Financial charges | 65/66B | €527 | €550 | +€23 | +4.3% |
| Recurring financial charges | 65 | €527 | €550 | +€23 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €55,118 | €76,161 | +€21,043 | +38.2% |
| Income taxes | 67/77 | €11,863 | €16,586 | +€4,722 | +39.8% |
| Profit (loss) for the period | 9904 | €43,255 | €59,575 | +€16,320 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,255 | €59,575 | +€16,320 | +37.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.