MAQJU: 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.
MAQJU
Largest movements
- Cash +€187,372
up €187,372 (+75.1%), from €249,408 to €436,780
mainly Net result for the year (+€189,526) and Deferred charges and accrued income (+€9,760)
- Deferred charges and accrued income -€9,760
down €9,760 (-9.4%), from €104,234 to €94,474
- Reserves +€188,667
up €188,667 (+56.5%), from €334,044 to €522,711
- Other debts -€8,782
down €8,782 (-74.4%), from €11,800 to €3,018
- Gross operating margin -€4,807
down €4,807 (-1.9%), from €255,787 to €250,980
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 | €355,398 | €534,955 | +€179,557 | +50.5% |
| Fixed assets | 21/28 | €739 | €652 | -€87 | -11.8% |
| Tangible fixed assets | 22/27 | €739 | €652 | -€87 | -11.8% |
| Other tangible fixed assets | 26 | €739 | €652 | -€87 | -11.8% |
| Current assets | 29/58 | €354,658 | €534,303 | +€179,644 | +50.7% |
| Amounts receivable within one year | 40/41 | €1,016 | €3,049 | +€2,032 | +200% |
| Other amounts receivable | 41 | €1,016 | €3,049 | +€2,032 | +200% |
| Cash at bank and in hand | 54/58 | €249,408 | €436,780 | +€187,372 | +75.1% |
| Deferred charges and accrued income | 490/1 | €104,234 | €94,474 | -€9,760 | -9.4% |
| Total equity and liabilities | 10/49 | €355,398 | €534,955 | +€179,557 | +50.5% |
| Equity | 10/15 | €337,044 | €525,711 | +€188,667 | +56.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €334,044 | €522,711 | +€188,667 | +56.5% |
| Distributable reserves | 133 | €334,044 | €522,711 | +€188,667 | +56.5% |
| Amounts payable | 17/49 | €18,354 | €9,244 | -€9,110 | -49.6% |
| Amounts payable within one year | 42/48 | €18,354 | €9,244 | -€9,110 | -49.6% |
| Trade debts | 44 | €1,918 | €2,371 | +€453 | +23.6% |
| Suppliers | 440/4 | €1,918 | €2,371 | +€453 | +23.6% |
| Taxes, remuneration and social security | 45 | €4,635 | €3,855 | -€780 | -16.8% |
| Taxes | 450/3 | €4,635 | €3,855 | -€780 | -16.8% |
| Other amounts payable | 47/48 | €11,800 | €3,018 | -€8,782 | -74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87 | €87 | = | 0.0% |
| Other operating charges | 640/8 | €503 | €523 | +€20 | +3.9% |
| Gross operating margin | 9900 | €255,787 | €250,980 | -€4,807 | -1.9% |
| Operating profit (loss) | 9901 | €255,197 | €250,370 | -€4,827 | -1.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,450 | €2,876 | -€573 | -16.6% |
| Recurring financial charges | 65 | €3,450 | €2,876 | -€573 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €251,748 | €247,494 | -€4,254 | -1.7% |
| Income taxes | 67/77 | €58,984 | €57,968 | -€1,016 | -1.7% |
| Profit (loss) for the period | 9904 | €192,764 | €189,526 | -€3,238 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €192,764 | €189,526 | -€3,238 | -1.7% |
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.