MAQ RACING: what changed
What changed
MAQ RACING
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
-€657
2024 · -€1,994+€1,337
Equity
€9,335
2024 · €9,992-€657
Cash
€0
2024 · €537-€537
Balance sheet total
€21,654
2024 · €24,603-€2,949
Largest movements
Assets
- Stocks and contracts -€2,148
down €2,148 (-9.5%), from €22,542 to €20,394
- Cash -€537
down €537 (-100%), from €537 to €0
mainly Other debts (-€5,199) and Trade debts (-€3,014)
- Receivables within one year -€443
down €443 (-29.1%), from €1,525 to €1,081
Equity and liabilities
- Other debts -€5,199
down €5,199 (-57.4%), from €9,051 to €3,853
- Trade debts -€3,014
down €3,014 (-62.7%), from €4,807 to €1,792
- Accrued charges and deferred income +€2,846
new in 2025: €2,846
- Tax, wage and social debts +€2,183
up €2,183 (+290%), from €754 to €2,937
- Short-term financial debts +€892
new in 2025: €892
Income statement
- Gross operating margin +€1,668
up €1,668, from -€1,009 to €659
- Other operating charges -€330
down €330 (-41.4%), from €798 to €468
- Financial charges +€55
up €55 (+29.2%), from €189 to €244
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.
Result 2024
-€1,994
Gross operating margin
+€1,668
Other operating charges
+€330
Other operating items
-€613
Financial income
+€7
Financial charges
-€55
Result 2025
-€657
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1,428
Investment
€0
Financing
+€892
Cash 2024
€537
From operations (derived)
-€1,428
Net result for the year
-€657
Stocks and contracts
+€2,148
Receivables within one year
+€443
Deferred charges and accrued income
-€179
Trade debts
-€3,014
Tax, wage and social debts
+€2,183
Other debts
-€5,199
Accrued charges and deferred income
+€2,846
Financing
+€892
Short-term financial debts
+€892
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,603 | €21,654 | -€2,949 | -12.0% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €24,603 | €21,654 | -€2,949 | -12.0% |
| Stocks and contracts in progress | 3 | €22,542 | €20,394 | -€2,148 | -9.5% |
| Stocks | 30/36 | €22,542 | €20,394 | -€2,148 | -9.5% |
| Amounts receivable within one year | 40/41 | €1,525 | €1,081 | -€443 | -29.1% |
| Trade receivables | 40 | €1,525 | €1,081 | -€443 | -29.1% |
| Cash at bank and in hand | 54/58 | €537 | €0 | -€537 | -100% |
| Deferred charges and accrued income | 490/1 | €0 | €179 | +€179 | |
| Total equity and liabilities | 10/49 | €24,603 | €21,654 | -€2,949 | -12.0% |
| Equity | 10/15 | €9,992 | €9,335 | -€657 | -6.6% |
| 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 | -€10,468 | -€11,125 | -€657 | -6.3% |
| Amounts payable | 17/49 | €14,612 | €12,319 | -€2,292 | -15.7% |
| Amounts payable within one year | 42/48 | €14,612 | €9,474 | -€5,138 | -35.2% |
| Financial debts | 43 | - | €892 | +€892 | |
| Credit institutions | 430/8 | - | €892 | +€892 | |
| Trade debts | 44 | €4,807 | €1,792 | -€3,014 | -62.7% |
| Suppliers | 440/4 | €4,807 | €1,792 | -€3,014 | -62.7% |
| Taxes, remuneration and social security | 45 | €754 | €2,937 | +€2,183 | +290% |
| Taxes | 450/3 | €754 | €2,937 | +€2,183 | +290% |
| Other amounts payable | 47/48 | €9,051 | €3,853 | -€5,199 | -57.4% |
| Accrued charges and deferred income | 492/3 | - | €2,846 | +€2,846 | |
| Other operating charges | 640/8 | €798 | €468 | -€330 | -41.4% |
| Non-recurring operating charges | 66A | - | €613 | +€613 | |
| Gross operating margin | 9900 | -€1,009 | €659 | +€1,668 | |
| Operating profit (loss) | 9901 | -€1,807 | -€422 | +€1,385 | +76.7% |
| Financial income | 75/76B | €2 | €9 | +€7 | +363% |
| Recurring financial income | 75 | €2 | €9 | +€7 | +363% |
| Financial charges | 65/66B | €189 | €244 | +€55 | +29.2% |
| Recurring financial charges | 65 | €189 | €244 | +€55 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,994 | -€657 | +€1,337 | +67.1% |
| Profit (loss) for the period | 9904 | -€1,994 | -€657 | +€1,337 | +67.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,994 | -€657 | +€1,337 | +67.1% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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.