Maestroservice: 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.
Maestroservice
Largest movements
- Cash +€55,751
up €55,751 (+34.7%), from €160,635 to €216,386
mainly Current investments (+€50,000) and Depreciation (+€19,067)
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Tangible fixed assets -€19,067
down €19,067 (-48.6%), from €39,249 to €20,182
of which Furniture and vehicles: -€16,712
- Receivables within one year -€17,953
down €17,953 (-43.8%), from €41,020 to €23,067
of which Trade receivables: -€21,722
- Debts after one year -€14,337
down €14,337 (-85.6%), from €16,745 to €2,408
- Profit (loss) carried forward -€8,817
new in 2025: -€8,817
- Accrued charges and deferred income -€6,551
down €6,551 (-85.5%), from €7,663 to €1,112
- Gross operating margin -€88,300
down €88,300 (-88.2%), from €100,089 to €11,788
- Taxes -€20,849
down €20,849 (-98.1%), from €21,250 to €400
- Depreciation -€8,302
down €8,302 (-30.3%), from €27,369 to €19,067
- Write-downs +€7,350
up €7,350, from -€7,350 to €0
- Other operating charges -€6,419
down €6,419 (-77.8%), from €8,247 to €1,828
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 | €290,904 | €261,823 | -€29,081 | -10.0% |
| Fixed assets | 21/28 | €39,249 | €20,182 | -€19,067 | -48.6% |
| Tangible fixed assets | 22/27 | €39,249 | €20,182 | -€19,067 | -48.6% |
| Plant, machinery and equipment | 23 | €2,918 | €563 | -€2,355 | -80.7% |
| Furniture and vehicles | 24 | €36,331 | €19,619 | -€16,712 | -46.0% |
| Current assets | 29/58 | €251,655 | €241,641 | -€10,014 | -4.0% |
| Amounts receivable within one year | 40/41 | €41,020 | €23,067 | -€17,953 | -43.8% |
| Trade receivables | 40 | €37,430 | €15,709 | -€21,722 | -58.0% |
| Other amounts receivable | 41 | €3,589 | €7,358 | +€3,769 | +105% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €160,635 | €216,386 | +€55,751 | +34.7% |
| Deferred charges and accrued income | 490/1 | - | €2,188 | +€2,188 | |
| Total equity and liabilities | 10/49 | €290,904 | €261,823 | -€29,081 | -10.0% |
| Equity | 10/15 | €238,586 | €229,768 | -€8,817 | -3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €219,986 | €219,986 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €219,986 | €218,126 | -€1,860 | -0.8% |
| Profit (loss) carried forward | 14 | - | -€8,817 | -€8,817 | |
| Amounts payable | 17/49 | €52,318 | €32,054 | -€20,264 | -38.7% |
| Amounts payable after more than one year | 17 | €16,745 | €2,408 | -€14,337 | -85.6% |
| Financial debts | 170/4 | €16,745 | €2,408 | -€14,337 | -85.6% |
| Amounts payable within one year | 42/48 | €27,910 | €28,535 | +€625 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €14,151 | €14,337 | +€186 | +1.3% |
| Trade debts | 44 | €824 | €956 | +€133 | +16.1% |
| Suppliers | 440/4 | €824 | €956 | +€133 | +16.1% |
| Taxes, remuneration and social security | 45 | €8,847 | €11,280 | +€2,433 | +27.5% |
| Taxes | 450/3 | €8,847 | €11,280 | +€2,433 | +27.5% |
| Other amounts payable | 47/48 | €4,088 | €1,962 | -€2,127 | -52.0% |
| Accrued charges and deferred income | 492/3 | €7,663 | €1,112 | -€6,551 | -85.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,369 | €19,067 | -€8,302 | -30.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,350 | €0 | +€7,350 | |
| Other operating charges | 640/8 | €8,247 | €1,828 | -€6,419 | -77.8% |
| Non-recurring operating charges | 66A | - | €407 | +€407 | |
| Gross operating margin | 9900 | €100,089 | €11,788 | -€88,300 | -88.2% |
| Operating profit (loss) | 9901 | €71,822 | -€9,513 | -€81,336 | |
| Financial income | 75/76B | €3,201 | €1,600 | -€1,601 | -50.0% |
| Recurring financial income | 75 | €3,201 | €1,600 | -€1,601 | -50.0% |
| Financial charges | 65/66B | €1,613 | €503 | -€1,110 | -68.8% |
| Recurring financial charges | 65 | €1,502 | €503 | -€999 | -66.5% |
| Non-recurring financial charges | 66B | €111 | - | -€111 | |
| Profit (loss) for the period before taxes | 9903 | €73,410 | -€8,417 | -€81,827 | |
| Income taxes | 67/77 | €21,250 | €400 | -€20,849 | -98.1% |
| Profit (loss) for the period | 9904 | €52,161 | -€8,817 | -€60,978 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,161 | -€8,817 | -€60,978 |
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 20 October 2026 via checked.be.