Maité Demeester: 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.
Maité Demeester
Largest movements
- Current investments -€35,000
down €35,000 (-18.9%), from €185,000 to €150,000
- Cash -€17,035
down €17,035 (-20.9%), from €81,432 to €64,397
mainly Contributions, distributions and other (-€237,603) and Receivables within one year (-€8,859)
- Intangible fixed assets -€10,000
down €10,000 (-50.0%), from €20,000 to €10,000
- Receivables within one year +€8,859
new in 2025: €8,859
- Reserves -€224,664
down €224,664 (-94.6%), from €237,603 to €12,939
- Other debts +€167,944
up €167,944 (+399%), from €42,129 to €210,073
- Gross operating margin -€37,219
down €37,219 (-55.4%), from €67,201 to €29,983
- Taxes -€6,140
down €6,140 (-53.4%), from €11,507 to €5,368
- Financial income +€5,441
up €5,441 (+1,733%), from €314 to €5,755
- Depreciation -€1,945
down €1,945 (-11.4%), from €17,051 to €15,106
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 | €293,955 | €237,753 | -€56,202 | -19.1% |
| Fixed assets | 21/28 | €27,043 | €14,497 | -€12,546 | -46.4% |
| Intangible fixed assets | 21 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Tangible fixed assets | 22/27 | €7,043 | €4,497 | -€2,546 | -36.2% |
| Plant, machinery and equipment | 23 | €962 | €612 | -€350 | -36.4% |
| Furniture and vehicles | 24 | €6,081 | €3,885 | -€2,197 | -36.1% |
| Current assets | 29/58 | €266,912 | €223,256 | -€43,656 | -16.4% |
| Amounts receivable within one year | 40/41 | - | €8,859 | +€8,859 | |
| Other amounts receivable | 41 | - | €8,859 | +€8,859 | |
| Current investments | 50/53 | €185,000 | €150,000 | -€35,000 | -18.9% |
| Cash at bank and in hand | 54/58 | €81,432 | €64,397 | -€17,035 | -20.9% |
| Deferred charges and accrued income | 490/1 | €480 | - | -€480 | |
| Total equity and liabilities | 10/49 | €293,955 | €237,753 | -€56,202 | -19.1% |
| Equity | 10/15 | €250,003 | €25,339 | -€224,664 | -89.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €237,603 | €12,939 | -€224,664 | -94.6% |
| Distributable reserves | 133 | €237,603 | €12,939 | -€224,664 | -94.6% |
| Amounts payable | 17/49 | €43,952 | €212,413 | +€168,462 | +383% |
| Amounts payable within one year | 42/48 | €43,776 | €212,413 | +€168,638 | +385% |
| Trade debts | 44 | €1,234 | €2,341 | +€1,107 | +89.7% |
| Suppliers | 440/4 | €1,234 | €2,341 | +€1,107 | +89.7% |
| Taxes, remuneration and social security | 45 | €413 | - | -€413 | |
| Taxes | 450/3 | €413 | - | -€413 | |
| Other amounts payable | 47/48 | €42,129 | €210,073 | +€167,944 | +399% |
| Accrued charges and deferred income | 492/3 | €176 | - | -€176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,051 | €15,106 | -€1,945 | -11.4% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Non-recurring operating charges | 66A | - | €2,100 | +€2,100 | |
| Gross operating margin | 9900 | €67,201 | €29,983 | -€37,219 | -55.4% |
| Operating profit (loss) | 9901 | €50,010 | €12,632 | -€37,377 | -74.7% |
| Financial income | 75/76B | €314 | €5,755 | +€5,441 | +1,733% |
| Recurring financial income | 75 | €314 | €5,755 | +€5,441 | +1,733% |
| Financial charges | 65/66B | €74 | €80 | +€7 | +8.8% |
| Recurring financial charges | 65 | €74 | €80 | +€7 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €50,250 | €18,307 | -€31,943 | -63.6% |
| Income taxes | 67/77 | €11,507 | €5,368 | -€6,140 | -53.4% |
| Profit (loss) for the period | 9904 | €38,743 | €12,939 | -€25,803 | -66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,743 | €12,939 | -€25,803 | -66.6% |
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 21 October 2026 via checked.be.