MAILLEN QUENTIN: 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.
MAILLEN QUENTIN
Largest movements
- Cash +€53,950
up €53,950 (+48.3%), from €111,629 to €165,579
mainly Net result for the year (+€116,409) and Depreciation (+€35,197)
- Tangible fixed assets -€27,637
down €27,637 (-30.0%), from €92,152 to €64,515
- Receivables within one year -€16,859
down €16,859 (-16.3%), from €103,248 to €86,390
of which Trade receivables: -€13,931
- Tax, wage and social debts +€14,781
up €14,781 (+24.8%), from €59,598 to €74,380
of which Taxes: +€10,080
- Other debts +€14,626
up €14,626 (+13.2%), from €111,131 to €125,757
- Advances received -€13,500
down €13,500 (-56.3%), from €24,000 to €10,500
- Debts after one year -€4,081
down €4,081 (-47.4%), from €8,607 to €4,526
- Profit (loss) carried forward -€3,591
down €3,591 (-8.0%), from €44,829 to €41,238
- Depreciation -€11,140
down €11,140 (-24.0%), from €46,337 to €35,197
- Gross operating margin +€10,846
up €10,846 (+2.8%), from €388,488 to €399,334
- Staff costs +€7,281
up €7,281 (+3.7%), from €197,076 to €204,357
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 | €316,899 | €324,422 | +€7,523 | +2.4% |
| Fixed assets | 21/28 | €92,312 | €64,675 | -€27,637 | -29.9% |
| Tangible fixed assets | 22/27 | €92,152 | €64,515 | -€27,637 | -30.0% |
| Plant, machinery and equipment | 23 | €15,949 | €2,243 | -€13,706 | -85.9% |
| Furniture and vehicles | 24 | €37,221 | €28,375 | -€8,846 | -23.8% |
| Other tangible fixed assets | 26 | €38,982 | €33,897 | -€5,085 | -13.0% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €224,586 | €259,747 | +€35,161 | +15.7% |
| Amounts receivable within one year | 40/41 | €103,248 | €86,390 | -€16,859 | -16.3% |
| Trade receivables | 40 | €61,080 | €47,148 | -€13,931 | -22.8% |
| Other amounts receivable | 41 | €42,169 | €39,241 | -€2,927 | -6.9% |
| Cash at bank and in hand | 54/58 | €111,629 | €165,579 | +€53,950 | +48.3% |
| Deferred charges and accrued income | 490/1 | €9,709 | €7,778 | -€1,931 | -19.9% |
| Total equity and liabilities | 10/49 | €316,899 | €324,422 | +€7,523 | +2.4% |
| Equity | 10/15 | €65,229 | €61,638 | -€3,591 | -5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,800 | €1,800 | = | 0.0% |
| Distributable reserves | 133 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,829 | €41,238 | -€3,591 | -8.0% |
| Amounts payable | 17/49 | €251,670 | €262,784 | +€11,114 | +4.4% |
| Amounts payable after more than one year | 17 | €8,607 | €4,526 | -€4,081 | -47.4% |
| Financial debts | 170/4 | €8,607 | €4,526 | -€4,081 | -47.4% |
| Amounts payable within one year | 42/48 | €243,063 | €258,258 | +€15,195 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €6,616 | €4,081 | -€2,535 | -38.3% |
| Trade debts | 44 | €41,718 | €43,541 | +€1,822 | +4.4% |
| Suppliers | 440/4 | €41,718 | €43,541 | +€1,822 | +4.4% |
| Advances received on contracts in progress | 46 | €24,000 | €10,500 | -€13,500 | -56.3% |
| Taxes, remuneration and social security | 45 | €59,598 | €74,380 | +€14,781 | +24.8% |
| Taxes | 450/3 | €31,654 | €41,734 | +€10,080 | +31.8% |
| Remuneration and social security | 454/9 | €27,944 | €32,645 | +€4,701 | +16.8% |
| Other amounts payable | 47/48 | €111,131 | €125,757 | +€14,626 | +13.2% |
| Remuneration, social security and pensions | 62 | €197,076 | €204,357 | +€7,281 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,337 | €35,197 | -€11,140 | -24.0% |
| Other operating charges | 640/8 | €1,296 | €1,361 | +€65 | +5.0% |
| Gross operating margin | 9900 | €388,488 | €399,334 | +€10,846 | +2.8% |
| Operating profit (loss) | 9901 | €143,779 | €158,419 | +€14,640 | +10.2% |
| Financial income | 75/76B | €372 | €859 | +€487 | +131% |
| Recurring financial income | 75 | €372 | €859 | +€487 | +131% |
| Financial charges | 65/66B | €703 | €725 | +€22 | +3.1% |
| Recurring financial charges | 65 | €703 | €725 | +€22 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €143,448 | €158,552 | +€15,105 | +10.5% |
| Income taxes | 67/77 | €40,572 | €42,143 | +€1,571 | +3.9% |
| Profit (loss) for the period | 9904 | €102,876 | €116,409 | +€13,533 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €102,876 | €116,409 | +€13,533 | +13.2% |
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 31 October 2026 via checked.be.