MAQ Consulting: what changed
MAQ Consulting
Largest movements
- Cash -€30,793
down €30,793 (-70.1%), from €43,940 to €13,147
mainly Contributions, distributions and other (-€65,000) and Other debts (-€42,500)
- Tangible fixed assets -€17,197
down €17,197 (-79.7%), from €21,585 to €4,387
- Current investments +€16,000
new in 2025: €16,000
- Receivables within one year +€5,774
up €5,774 (+11.2%), from €51,680 to €57,454
of which Trade receivables: +€6,157
- Other debts -€42,500
down €42,500 (-65.6%), from €64,819 to €22,319
- Profit (loss) carried forward +€18,545
up €18,545 (+182%), from €10,164 to €28,709
- Tax, wage and social debts -€3,615
down €3,615 (-16.6%), from €21,761 to €18,146
- Trade debts +€1,353
new in 2025: €1,353
- Gross operating margin +€19,837
up €19,837 (+22.2%), from €89,521 to €109,358
- Taxes +€4,309
up €4,309 (+24.5%), from €17,617 to €21,925
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 | €117,205 | €90,988 | -€26,217 | -22.4% |
| Fixed assets | 21/28 | €21,585 | €4,387 | -€17,197 | -79.7% |
| Tangible fixed assets | 22/27 | €21,585 | €4,387 | -€17,197 | -79.7% |
| Furniture and vehicles | 24 | €21,585 | €4,387 | -€17,197 | -79.7% |
| Current assets | 29/58 | €95,620 | €86,600 | -€9,020 | -9.4% |
| Amounts receivable within one year | 40/41 | €51,680 | €57,454 | +€5,774 | +11.2% |
| Trade receivables | 40 | €51,296 | €57,454 | +€6,157 | +12.0% |
| Other amounts receivable | 41 | €383 | - | -€383 | |
| Current investments | 50/53 | - | €16,000 | +€16,000 | |
| Cash at bank and in hand | 54/58 | €43,940 | €13,147 | -€30,793 | -70.1% |
| Total equity and liabilities | 10/49 | €117,205 | €90,988 | -€26,217 | -22.4% |
| Equity | 10/15 | €30,624 | €49,169 | +€18,545 | +60.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,164 | €28,709 | +€18,545 | +182% |
| Amounts payable | 17/49 | €86,581 | €41,818 | -€44,762 | -51.7% |
| Amounts payable within one year | 42/48 | €86,581 | €41,818 | -€44,762 | -51.7% |
| Trade debts | 44 | - | €1,353 | +€1,353 | |
| Suppliers | 440/4 | - | €1,353 | +€1,353 | |
| Taxes, remuneration and social security | 45 | €21,761 | €18,146 | -€3,615 | -16.6% |
| Taxes | 450/3 | €21,761 | €18,146 | -€3,615 | -16.6% |
| Other amounts payable | 47/48 | €64,819 | €22,319 | -€42,500 | -65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,044 | €3,262 | -€782 | -19.3% |
| Gross operating margin | 9900 | €89,521 | €109,358 | +€19,837 | +22.2% |
| Operating profit (loss) | 9901 | €85,476 | €106,096 | +€20,620 | +24.1% |
| Financial charges | 65/66B | €909 | €626 | -€283 | -31.2% |
| Recurring financial charges | 65 | €909 | €626 | -€283 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €84,567 | €105,470 | +€20,903 | +24.7% |
| Income taxes | 67/77 | €17,617 | €21,925 | +€4,309 | +24.5% |
| Profit (loss) for the period | 9904 | €66,951 | €83,545 | +€16,594 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,951 | €83,545 | +€16,594 | +24.8% |
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 8 November 2026 via checked.be.