MAQ-BNC: 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.
MAQ-BNC
Largest movements
- Receivables within one year +€55,205
new in 2025: €55,205
of which Trade receivables: +€50,729
- Cash -€6,814
down €6,814 (-33.6%), from €20,306 to €13,492
mainly Receivables within one year (-€55,205) and Advances received (-€15,454)
- Trade debts +€53,781
new in 2025: €53,781
- Advances received -€15,454
no longer reported in 2025 (was €15,454)
- Reserves +€5,749
new in 2025: €5,749
- Tax, wage and social debts +€4,315
new in 2025: €4,315
- Gross operating margin +€8,495
up €8,495, from -€148 to €8,347
- Taxes +€1,437
new in 2025: €1,437
- Financial charges +€1,088
new in 2025: €1,088
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 | €20,306 | €68,697 | +€48,391 | +238% |
| Current assets | 29/58 | €20,306 | €68,697 | +€48,391 | +238% |
| Amounts receivable within one year | 40/41 | - | €55,205 | +€55,205 | |
| Trade receivables | 40 | - | €50,729 | +€50,729 | |
| Other amounts receivable | 41 | - | €4,476 | +€4,476 | |
| Cash at bank and in hand | 54/58 | €20,306 | €13,492 | -€6,814 | -33.6% |
| Total equity and liabilities | 10/49 | €20,306 | €68,697 | +€48,391 | +238% |
| Equity | 10/15 | €4,852 | €10,602 | +€5,749 | +118% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €5,749 | +€5,749 | |
| Distributable reserves | 133 | - | €5,749 | +€5,749 | |
| Profit (loss) carried forward | 14 | -€148 | -€148 | = | 0.0% |
| Amounts payable | 17/49 | €15,454 | €58,095 | +€42,641 | +276% |
| Amounts payable within one year | 42/48 | €15,454 | €58,095 | +€42,641 | +276% |
| Trade debts | 44 | - | €53,781 | +€53,781 | |
| Suppliers | 440/4 | - | €53,781 | +€53,781 | |
| Advances received on contracts in progress | 46 | €15,454 | - | -€15,454 | |
| Taxes, remuneration and social security | 45 | - | €4,315 | +€4,315 | |
| Taxes | 450/3 | - | €4,315 | +€4,315 | |
| Other operating charges | 640/8 | - | €75 | +€75 | |
| Gross operating margin | 9900 | -€148 | €8,347 | +€8,495 | |
| Operating profit (loss) | 9901 | -€148 | €8,273 | +€8,421 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | - | €1,088 | +€1,088 | |
| Recurring financial charges | 65 | - | €1,088 | +€1,088 | |
| Profit (loss) for the period before taxes | 9903 | -€148 | €7,187 | +€7,334 | |
| Income taxes | 67/77 | - | €1,437 | +€1,437 | |
| Profit (loss) for the period | 9904 | -€148 | €5,749 | +€5,897 | |
| Profit (loss) for the period to be appropriated | 9905 | -€148 | €5,749 | +€5,897 |
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 24 October 2026 via checked.be.