MAESTRIA SERVICES: 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.
MAESTRIA SERVICES
Largest movements
- Cash -€105,420
down €105,420 (-74.5%), from €141,482 to €36,062
mainly Other debts (-€92,709) and Contributions, distributions and other (-€50,742)
- Receivables within one year +€28,268
up €28,268 (+1,296%), from €2,182 to €30,450
of which Trade receivables: +€15,500
- Tangible fixed assets -€17,112
down €17,112 (-25.8%), from €66,373 to €49,261
- Deferred charges and accrued income +€2,238
up €2,238 (+57.5%), from €3,894 to €6,133
- Other debts -€92,709
down €92,709 (-47.9%), from €193,451 to €100,742
- Gross operating margin -€115,247
down €115,247 (-57.7%), from €199,734 to €84,487
- Taxes -€27,463
down €27,463 (-67.6%), from €40,599 to €13,136
- Financial charges -€2,313
down €2,313 (-98.2%), from €2,356 to €43
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 | €217,031 | €125,006 | -€92,025 | -42.4% |
| Fixed assets | 21/28 | €69,473 | €52,361 | -€17,112 | -24.6% |
| Tangible fixed assets | 22/27 | €66,373 | €49,261 | -€17,112 | -25.8% |
| Furniture and vehicles | 24 | €66,373 | €49,261 | -€17,112 | -25.8% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €147,558 | €72,645 | -€74,913 | -50.8% |
| Amounts receivable within one year | 40/41 | €2,182 | €30,450 | +€28,268 | +1,296% |
| Trade receivables | 40 | €0 | €15,500 | +€15,500 | |
| Other amounts receivable | 41 | €2,182 | €14,950 | +€12,769 | +585% |
| Cash at bank and in hand | 54/58 | €141,482 | €36,062 | -€105,420 | -74.5% |
| Deferred charges and accrued income | 490/1 | €3,894 | €6,133 | +€2,238 | +57.5% |
| Total equity and liabilities | 10/49 | €217,031 | €125,006 | -€92,025 | -42.4% |
| Equity | 10/15 | €13,000 | €13,000 | = | 0.0% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €204,031 | €112,006 | -€92,025 | -45.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €204,031 | €112,006 | -€92,025 | -45.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €936 | €1,620 | +€684 | +73.1% |
| Suppliers | 440/4 | €936 | €1,620 | +€684 | +73.1% |
| Taxes, remuneration and social security | 45 | €9,644 | €9,644 | = | 0.0% |
| Taxes | 450/3 | €9,644 | €9,644 | = | 0.0% |
| Other amounts payable | 47/48 | €193,451 | €100,742 | -€92,709 | -47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,679 | €19,757 | +€1,077 | +5.8% |
| Other operating charges | 640/8 | €786 | €810 | +€24 | +3.0% |
| Gross operating margin | 9900 | €199,734 | €84,487 | -€115,247 | -57.7% |
| Operating profit (loss) | 9901 | €180,269 | €63,921 | -€116,348 | -64.5% |
| Financial charges | 65/66B | €2,356 | €43 | -€2,313 | -98.2% |
| Recurring financial charges | 65 | €2,356 | €43 | -€2,313 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | €177,913 | €63,878 | -€114,035 | -64.1% |
| Income taxes | 67/77 | €40,599 | €13,136 | -€27,463 | -67.6% |
| Profit (loss) for the period | 9904 | €137,314 | €50,742 | -€86,572 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €137,314 | €50,742 | -€86,572 | -63.0% |
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 22 October 2026 via checked.be.