MAESTRO D’ARTE: 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.
MAESTRO D’ARTE
Largest movements
- Cash -€23,197
down €23,197 (-56.9%), from €40,757 to €17,560
mainly Tax, wage and social debts (-€33,853) and Other debts (-€1,543)
- Receivables within one year -€11,721
down €11,721 (-24.4%), from €48,067 to €36,346
of which Trade receivables: -€46,998
- Tax, wage and social debts -€33,853
down €33,853 (-99.5%), from €34,013 to €159
of which Taxes: -€22,853
- Other debts -€1,543
no longer reported in 2025 (was €1,543)
- Gross operating margin -€72,666
down €72,666, from €72,282 to -€383
- Taxes -€22,853
down €22,853 (-99.3%), from €23,013 to €159
- Financial income +€1,149
new in 2025: €1,149
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 | €88,825 | €53,907 | -€34,918 | -39.3% |
| Current assets | 29/58 | €88,825 | €53,907 | -€34,918 | -39.3% |
| Amounts receivable within one year | 40/41 | €48,067 | €36,346 | -€11,721 | -24.4% |
| Trade receivables | 40 | €46,998 | - | -€46,998 | |
| Other amounts receivable | 41 | €1,069 | €36,346 | +€35,278 | +3,301% |
| Cash at bank and in hand | 54/58 | €40,757 | €17,560 | -€23,197 | -56.9% |
| Total equity and liabilities | 10/49 | €88,825 | €53,907 | -€34,918 | -39.3% |
| Equity | 10/15 | €53,269 | €53,747 | +€478 | +0.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Contributions outside capital | 11 | €4,000 | - | -€4,000 | |
| Other | 1109/19 | €4,000 | - | -€4,000 | |
| Reserves | 13 | €49,269 | €49,747 | +€478 | +1.0% |
| Distributable reserves | 133 | €49,269 | €49,747 | +€478 | +1.0% |
| Amounts payable | 17/49 | €35,555 | €159 | -€35,396 | -99.6% |
| Amounts payable within one year | 42/48 | €35,555 | €159 | -€35,396 | -99.6% |
| Taxes, remuneration and social security | 45 | €34,013 | €159 | -€33,853 | -99.5% |
| Taxes | 450/3 | €23,013 | €159 | -€22,853 | -99.3% |
| Remuneration and social security | 454/9 | €11,000 | - | -€11,000 | |
| Other amounts payable | 47/48 | €1,543 | - | -€1,543 | |
| Gross operating margin | 9900 | €72,282 | -€383 | -€72,666 | |
| Operating profit (loss) | 9901 | €72,282 | -€383 | -€72,666 | |
| Financial income | 75/76B | - | €1,149 | +€1,149 | |
| Recurring financial income | 75 | - | €1,149 | +€1,149 | |
| Financial charges | 65/66B | €0 | €128 | +€128 | +85,067% |
| Recurring financial charges | 65 | €0 | €128 | +€128 | +85,067% |
| Profit (loss) for the period before taxes | 9903 | €72,282 | €637 | -€71,645 | -99.1% |
| Income taxes | 67/77 | €23,013 | €159 | -€22,853 | -99.3% |
| Profit (loss) for the period | 9904 | €49,269 | €478 | -€48,791 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,269 | €478 | -€48,791 | -99.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.