MAESTRO: 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
Largest movements
- Cash +€14,269
up €14,269 (+2,640%), from €541 to €14,810
mainly Other debts (+€10,880) and Net result for the year (+€7,917)
- Receivables within one year +€9,359
up €9,359 (+45.3%), from €20,641 to €30,000
- Other debts +€10,880
up €10,880 (+9.0%), from €120,500 to €131,380
- Profit (loss) carried forward +€7,917
up €7,917, from -€2,306 to €5,611
- Tax, wage and social debts +€3,882
new in 2025: €3,882
- Gross operating margin +€12,611
up €12,611, from -€2,256 to €10,355
- Taxes +€2,175
new in 2025: €2,175
- Financial charges +€263
new in 2025: €263
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 | €120,931 | €144,560 | +€23,629 | +19.5% |
| Fixed assets | 21/28 | €99,750 | €99,750 | = | 0.0% |
| Financial fixed assets | 28 | €99,750 | €99,750 | = | 0.0% |
| Current assets | 29/58 | €21,181 | €44,810 | +€23,629 | +112% |
| Amounts receivable within one year | 40/41 | €20,641 | €30,000 | +€9,359 | +45.3% |
| Other amounts receivable | 41 | €20,641 | €30,000 | +€9,359 | +45.3% |
| Cash at bank and in hand | 54/58 | €541 | €14,810 | +€14,269 | +2,640% |
| Total equity and liabilities | 10/49 | €120,931 | €144,560 | +€23,629 | +19.5% |
| Equity | 10/15 | €194 | €8,111 | +€7,917 | +4,079% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,306 | €5,611 | +€7,917 | |
| Amounts payable | 17/49 | €120,737 | €136,449 | +€15,712 | +13.0% |
| Amounts payable within one year | 42/48 | €120,737 | €136,449 | +€15,712 | +13.0% |
| Trade debts | 44 | €237 | €1,188 | +€950 | +401% |
| Suppliers | 440/4 | €237 | €1,188 | +€950 | +401% |
| Taxes, remuneration and social security | 45 | - | €3,882 | +€3,882 | |
| Taxes | 450/3 | - | €3,882 | +€3,882 | |
| Other amounts payable | 47/48 | €120,500 | €131,380 | +€10,880 | +9.0% |
| Other operating charges | 640/8 | €50 | €0 | -€50 | -100% |
| Gross operating margin | 9900 | -€2,256 | €10,355 | +€12,611 | |
| Operating profit (loss) | 9901 | -€2,306 | €10,355 | +€12,661 | |
| Financial charges | 65/66B | - | €263 | +€263 | |
| Recurring financial charges | 65 | - | €263 | +€263 | |
| Profit (loss) for the period before taxes | 9903 | -€2,306 | €10,092 | +€12,398 | |
| Income taxes | 67/77 | - | €2,175 | +€2,175 | |
| Profit (loss) for the period | 9904 | -€2,306 | €7,917 | +€10,223 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,306 | €7,917 | +€10,223 |
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 26 October 2026 via checked.be.