MAQASTENA: what changed
What changed
MAQASTENA
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€3,228
2024 · -€70,738+€73,966
Equity
€143,604
2024 · €140,376+€3,228
Cash
-
not filed
Balance sheet total
€343,363
2024 · €383,161-€39,798
Largest movements
Assets
- Receivables within one year -€76,395
down €76,395 (-27.2%), from €281,013 to €204,618
of which Trade receivables: -€58,144
- Stocks and contracts +€50,000
new in 2025: €50,000
- Tangible fixed assets -€14,781
down €14,781 (-15.5%), from €95,485 to €80,704
of which Furniture and vehicles: -€14,714
Equity and liabilities
- Tax, wage and social debts -€36,908
down €36,908 (-46.8%), from €78,836 to €41,928
of which Taxes: -€40,426
- Short-term financial debts +€13,673
up €13,673 (+74.8%), from €18,267 to €31,940
- Debts after one year -€11,743
down €11,743 (-10.0%), from €117,812 to €106,069
- Trade debts -€8,673
down €8,673 (-52.1%), from €16,634 to €7,961
Income statement
- Other operating charges -€137,133
down €137,133 (-99.2%), from €138,300 to €1,167
- Write-downs +€35,455
new in 2025: €35,455
- Staff costs +€30,476
up €30,476 (+42.8%), from €71,244 to €101,721
- Gross operating margin +€8,234
up €8,234 (+5.2%), from €158,790 to €167,024
- Financial charges +€7,116
up €7,116 (+160%), from €4,443 to €11,559
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
-€70,738
Gross operating margin
+€8,234
Staff costs
-€30,476
Depreciation
+€2,040
Write-downs
-€35,455
Other operating charges
+€137,133
Financial income
-€538
Financial charges
-€7,116
Taxes
+€144
Result 2025
€3,228
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €383,161 | €343,363 | -€39,798 | -10.4% |
| Fixed assets | 21/28 | €101,235 | €87,454 | -€13,781 | -13.6% |
| Tangible fixed assets | 22/27 | €95,485 | €80,704 | -€14,781 | -15.5% |
| Land and buildings | 22 | €61,600 | €61,600 | = | 0.0% |
| Plant, machinery and equipment | 23 | €67 | €0 | -€67 | -100% |
| Furniture and vehicles | 24 | €33,818 | €19,104 | -€14,714 | -43.5% |
| Financial fixed assets | 28 | €5,750 | €6,750 | +€1,000 | +17.4% |
| Current assets | 29/58 | €281,926 | €255,909 | -€26,017 | -9.2% |
| Stocks and contracts in progress | 3 | - | €50,000 | +€50,000 | |
| Contracts in progress | 37 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €281,013 | €204,618 | -€76,395 | -27.2% |
| Trade receivables | 40 | €215,062 | €156,918 | -€58,144 | -27.0% |
| Other amounts receivable | 41 | €65,951 | €47,700 | -€18,251 | -27.7% |
| Deferred charges and accrued income | 490/1 | €913 | €1,291 | +€377 | +41.3% |
| Total equity and liabilities | 10/49 | €383,161 | €343,363 | -€39,798 | -10.4% |
| Equity | 10/15 | €140,376 | €143,604 | +€3,228 | +2.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €208,614 | €208,614 | = | 0.0% |
| Distributable reserves | 133 | €208,614 | €208,614 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,738 | -€67,510 | +€3,228 | +4.6% |
| Amounts payable | 17/49 | €242,786 | €199,759 | -€43,027 | -17.7% |
| Amounts payable after more than one year | 17 | €117,812 | €106,069 | -€11,743 | -10.0% |
| Financial debts | 170/4 | €117,812 | €106,069 | -€11,743 | -10.0% |
| Amounts payable within one year | 42/48 | €124,974 | €93,572 | -€31,402 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €11,236 | €11,743 | +€507 | +4.5% |
| Financial debts | 43 | €18,267 | €31,940 | +€13,673 | +74.8% |
| Credit institutions | 430/8 | €18,267 | €31,940 | +€13,673 | +74.8% |
| Trade debts | 44 | €16,634 | €7,961 | -€8,673 | -52.1% |
| Suppliers | 440/4 | €16,634 | €7,961 | -€8,673 | -52.1% |
| Taxes, remuneration and social security | 45 | €78,836 | €41,928 | -€36,908 | -46.8% |
| Taxes | 450/3 | €77,288 | €36,862 | -€40,426 | -52.3% |
| Remuneration and social security | 454/9 | €1,548 | €5,066 | +€3,518 | +227% |
| Accrued charges and deferred income | 492/3 | - | €118 | +€118 | |
| Remuneration, social security and pensions | 62 | €71,244 | €101,721 | +€30,476 | +42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,821 | €14,781 | -€2,040 | -12.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €35,455 | +€35,455 | |
| Other operating charges | 640/8 | €138,300 | €1,167 | -€137,133 | -99.2% |
| Gross operating margin | 9900 | €158,790 | €167,024 | +€8,234 | +5.2% |
| Operating profit (loss) | 9901 | -€67,576 | €13,900 | +€81,476 | |
| Financial income | 75/76B | €1,568 | €1,031 | -€538 | -34.3% |
| Recurring financial income | 75 | €1,568 | €1,031 | -€538 | -34.3% |
| Financial charges | 65/66B | €4,443 | €11,559 | +€7,116 | +160% |
| Recurring financial charges | 65 | €4,443 | €11,559 | +€7,116 | +160% |
| Profit (loss) for the period before taxes | 9903 | -€70,451 | €3,372 | +€73,822 | |
| Income taxes | 67/77 | €287 | €143 | -€144 | -50.1% |
| Profit (loss) for the period | 9904 | -€70,738 | €3,228 | +€73,966 | |
| Profit (loss) for the period to be appropriated | 9905 | -€70,738 | €3,228 | +€73,966 |
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 5 November 2026 via checked.be.