MACQUOI YOERI: 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.
MACQUOI YOERI
Largest movements
- Cash +€265,294
up €265,294 (+232%), from €114,419 to €379,713
mainly Net result for the year (+€518,916) and Stocks and contracts (+€142,825)
- Current investments +€250,000
new in 2025: €250,000
- Stocks and contracts -€142,825
no longer reported in 2025 (was €142,825)
- Receivables within one year -€112,369
down €112,369 (-38.6%), from €291,022 to €178,653
of which Trade receivables: -€122,158
- Deferred charges and accrued income -€41,822
no longer reported in 2025 (was €41,822)
- Reserves +€484,464
up €484,464 (+125%), from €386,317 to €870,781
of which Distributable reserves: +€273,964
- Other debts -€162,345
down €162,345 (-94.1%), from €172,487 to €10,143
- Provisions -€67,176
no longer reported in 2025 (was €67,176)
- Debts after one year -€39,237
down €39,237 (-39.1%), from €100,339 to €61,102
- Trade debts -€11,925
down €11,925 (-61.1%), from €19,526 to €7,601
- Gross operating margin +€464,073
up €464,073 (+71.8%), from €646,259 to €1.1m
- Taxes +€175,119
up €175,119 (+727%), from €24,074 to €199,192
- Staff costs -€103,956
down €103,956 (-24.3%), from €427,107 to €323,151
- Provisions -€74,227
down €74,227, from €7,051 to -€67,176
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 | €943,690 | €1,145,223 | +€201,534 | +21.4% |
| Fixed assets | 21/28 | €350,500 | €333,423 | -€17,077 | -4.9% |
| Tangible fixed assets | 22/27 | €350,250 | €333,173 | -€17,077 | -4.9% |
| Land and buildings | 22 | €274,710 | €259,954 | -€14,755 | -5.4% |
| Plant, machinery and equipment | 23 | €7,967 | €9,163 | +€1,197 | +15.0% |
| Furniture and vehicles | 24 | €66,203 | €64,055 | -€2,147 | -3.2% |
| Other tangible fixed assets | 26 | €1,371 | - | -€1,371 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €593,190 | €811,800 | +€218,610 | +36.9% |
| Amounts receivable after more than one year | 29 | €3,102 | €3,434 | +€332 | +10.7% |
| Other amounts receivable | 291 | €3,102 | €3,434 | +€332 | +10.7% |
| Stocks and contracts in progress | 3 | €142,825 | - | -€142,825 | |
| Contracts in progress | 37 | €142,825 | - | -€142,825 | |
| Amounts receivable within one year | 40/41 | €291,022 | €178,653 | -€112,369 | -38.6% |
| Trade receivables | 40 | €275,826 | €153,668 | -€122,158 | -44.3% |
| Other amounts receivable | 41 | €15,196 | €24,985 | +€9,789 | +64.4% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €114,419 | €379,713 | +€265,294 | +232% |
| Deferred charges and accrued income | 490/1 | €41,822 | - | -€41,822 | |
| Total equity and liabilities | 10/49 | €943,690 | €1,145,223 | +€201,534 | +21.4% |
| Equity | 10/15 | €398,717 | €883,181 | +€484,464 | +122% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €386,317 | €870,781 | +€484,464 | +125% |
| Tax-exempt reserves | 132 | €652 | €211,152 | +€210,500 | +32,274% |
| Distributable reserves | 133 | €385,665 | €659,629 | +€273,964 | +71.0% |
| Provisions and deferred taxes | 16 | €67,176 | - | -€67,176 | |
| Provisions for liabilities and charges | 160/5 | €67,176 | - | -€67,176 | |
| Other liabilities and charges | 164/5 | €67,176 | - | -€67,176 | |
| Amounts payable | 17/49 | €477,797 | €262,042 | -€215,755 | -45.2% |
| Amounts payable after more than one year | 17 | €100,339 | €61,102 | -€39,237 | -39.1% |
| Financial debts | 170/4 | €100,339 | €61,102 | -€39,237 | -39.1% |
| Amounts payable within one year | 42/48 | €377,370 | €200,940 | -€176,430 | -46.8% |
| Current portion of amounts payable after more than one year | 42 | €37,428 | €39,237 | +€1,809 | +4.8% |
| Financial debts | 43 | €22,750 | €23,338 | +€587 | +2.6% |
| Credit institutions | 430/8 | €22,750 | €23,338 | +€587 | +2.6% |
| Trade debts | 44 | €19,526 | €7,601 | -€11,925 | -61.1% |
| Suppliers | 440/4 | €19,526 | €7,601 | -€11,925 | -61.1% |
| Taxes, remuneration and social security | 45 | €125,178 | €120,621 | -€4,557 | -3.6% |
| Taxes | 450/3 | €59,088 | €92,372 | +€33,284 | +56.3% |
| Remuneration and social security | 454/9 | €66,090 | €28,249 | -€37,841 | -57.3% |
| Other amounts payable | 47/48 | €172,487 | €10,143 | -€162,345 | -94.1% |
| Accrued charges and deferred income | 492/3 | €88 | - | -€88 | |
| Non-recurring operating income | 76A | - | €521,788 | +€521,788 | |
| Remuneration, social security and pensions | 62 | €427,107 | €323,151 | -€103,956 | -24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,971 | €35,902 | -€5,069 | -12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,641 | €3,175 | +€1,534 | +93.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €7,051 | -€67,176 | -€74,227 | |
| Other operating charges | 640/8 | €22,132 | €11,877 | -€10,255 | -46.3% |
| Gross operating margin | 9900 | €646,259 | €1,110,332 | +€464,073 | +71.8% |
| Operating profit (loss) | 9901 | €147,356 | €803,402 | +€656,046 | +445% |
| Financial income | 75/76B | €1,889 | €6,937 | +€5,048 | +267% |
| Recurring financial income | 75 | €1,889 | €6,937 | +€5,048 | +267% |
| Financial charges | 65/66B | €89,324 | €92,232 | +€2,908 | +3.3% |
| Recurring financial charges | 65 | €89,324 | €92,232 | +€2,908 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €59,922 | €718,108 | +€658,186 | +1,098% |
| Income taxes | 67/77 | €24,074 | €199,192 | +€175,119 | +727% |
| Profit (loss) for the period | 9904 | €35,848 | €518,916 | +€483,067 | +1,348% |
| Transfer to tax-exempt reserves | 689 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,848 | €308,416 | +€272,567 | +760% |
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 18 October 2026 via checked.be.