MAES Q - CONSULTING: what changed
MAES Q - CONSULTING
Largest movements
- Receivables within one year +€45,577
up €45,577 (+29.2%), from €156,008 to €201,584
of which Trade receivables: +€39,559
- Cash -€8,592
down €8,592 (-3.9%), from €220,657 to €212,065
mainly Contributions, distributions and other (-€130,000) and Receivables within one year (-€45,577)
- Trade debts +€79,992
up €79,992 (+85.8%), from €93,202 to €173,194
- Other debts -€35,000
down €35,000 (-21.2%), from €165,000 to €130,000
- Tax, wage and social debts -€15,175
down €15,175 (-62.4%), from €24,336 to €9,161
- Short-term financial debts +€4,990
up €4,990 (+42.2%), from €11,833 to €16,823
- Gross operating margin -€42,244
down €42,244 (-18.5%), from €227,814 to €185,569
- Taxes -€9,888
down €9,888 (-17.9%), from €55,386 to €45,498
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €376,714 | €413,699 | +€36,985 | +9.8% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €376,664 | €413,649 | +€36,985 | +9.8% |
| Amounts receivable within one year | 40/41 | €156,008 | €201,584 | +€45,577 | +29.2% |
| Trade receivables | 40 | €156,008 | €195,567 | +€39,559 | +25.4% |
| Other amounts receivable | 41 | - | €6,017 | +€6,017 | |
| Cash at bank and in hand | 54/58 | €220,657 | €212,065 | -€8,592 | -3.9% |
| Total equity and liabilities | 10/49 | €376,714 | €413,699 | +€36,985 | +9.8% |
| Equity | 10/15 | €82,343 | €84,522 | +€2,179 | +2.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €19,187 | €19,187 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,206 | €11,206 | = | 0.0% |
| Distributable reserves | 133 | €1,781 | €1,781 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,156 | €3,335 | +€2,179 | +188% |
| Amounts payable | 17/49 | €294,371 | €329,177 | +€34,806 | +11.8% |
| Amounts payable within one year | 42/48 | €294,371 | €329,177 | +€34,806 | +11.8% |
| Financial debts | 43 | €11,833 | €16,823 | +€4,990 | +42.2% |
| Credit institutions | 430/8 | €11,833 | €16,823 | +€4,990 | +42.2% |
| Trade debts | 44 | €93,202 | €173,194 | +€79,992 | +85.8% |
| Suppliers | 440/4 | €93,202 | €173,194 | +€79,992 | +85.8% |
| Taxes, remuneration and social security | 45 | €24,336 | €9,161 | -€15,175 | -62.4% |
| Taxes | 450/3 | €24,336 | €9,161 | -€15,175 | -62.4% |
| Other amounts payable | 47/48 | €165,000 | €130,000 | -€35,000 | -21.2% |
| Other operating charges | 640/8 | €5,069 | €6,715 | +€1,647 | +32.5% |
| Gross operating margin | 9900 | €227,814 | €185,569 | -€42,244 | -18.5% |
| Operating profit (loss) | 9901 | €222,745 | €178,854 | -€43,891 | -19.7% |
| Financial income | 75/76B | €120 | - | -€120 | |
| Recurring financial income | 75 | €120 | - | -€120 | |
| Financial charges | 65/66B | €1,323 | €1,178 | -€146 | -11.0% |
| Recurring financial charges | 65 | €1,323 | €1,178 | -€146 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €221,542 | €177,677 | -€43,865 | -19.8% |
| Income taxes | 67/77 | €55,386 | €45,498 | -€9,888 | -17.9% |
| Profit (loss) for the period | 9904 | €166,156 | €132,179 | -€33,978 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €166,156 | €132,179 | -€33,978 | -20.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.