MAQU-Trans: 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.
MAQU-Trans
Largest movements
- Tangible fixed assets -€42,586
down €42,586 (-27.2%), from €156,598 to €114,012
of which Leasing and similar rights: -€24,795
- Cash +€14,756
up €14,756 (+1,859%), from €794 to €15,550
mainly Depreciation (+€42,586) and Net result for the year (+€22,189)
- Debts after one year -€30,949
down €30,949 (-27.7%), from €111,669 to €80,720
- Current portion of long-term debt -€22,383
down €22,383 (-54.8%), from €40,832 to €18,449
- Reserves +€22,000
up €22,000 (+42.7%), from €51,500 to €73,500
- Tax, wage and social debts +€5,060
up €5,060 (+76.5%), from €6,617 to €11,678
- Gross operating margin +€38,140
up €38,140 (+101%), from €37,658 to €75,798
- Depreciation +€12,007
up €12,007 (+39.3%), from €30,580 to €42,586
- Taxes +€6,825
up €6,825, from -€3 to €6,822
- Financial charges -€1,712
down €1,712 (-39.2%), from €4,364 to €2,651
- Other operating charges -€1,367
down €1,367 (-45.9%), from €2,978 to €1,611
From the 2025 result to the 2026 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €214,870 | €187,453 | -€27,417 | -12.8% |
| Fixed assets | 21/28 | €156,598 | €114,012 | -€42,586 | -27.2% |
| Tangible fixed assets | 22/27 | €156,598 | €114,012 | -€42,586 | -27.2% |
| Plant, machinery and equipment | 23 | €1,607 | €1,140 | -€467 | -29.0% |
| Furniture and vehicles | 24 | €53,040 | €36,204 | -€16,836 | -31.7% |
| Leasing and similar rights | 25 | €100,424 | €75,629 | -€24,795 | -24.7% |
| Other tangible fixed assets | 26 | €1,526 | €1,038 | -€488 | -32.0% |
| Current assets | 29/58 | €58,272 | €73,441 | +€15,169 | +26.0% |
| Amounts receivable within one year | 40/41 | €57,478 | €57,617 | +€139 | +0.2% |
| Trade receivables | 40 | €52,478 | €57,617 | +€5,139 | +9.8% |
| Other amounts receivable | 41 | €5,000 | - | -€5,000 | |
| Cash at bank and in hand | 54/58 | €794 | €15,550 | +€14,756 | +1,859% |
| Deferred charges and accrued income | 490/1 | - | €274 | +€274 | |
| Total equity and liabilities | 10/49 | €214,870 | €187,453 | -€27,417 | -12.8% |
| Equity | 10/15 | €53,706 | €75,895 | +€22,189 | +41.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €51,500 | €73,500 | +€22,000 | +42.7% |
| Distributable reserves | 133 | €51,500 | €73,500 | +€22,000 | +42.7% |
| Profit (loss) carried forward | 14 | €206 | €395 | +€189 | +91.9% |
| Amounts payable | 17/49 | €161,164 | €111,558 | -€49,606 | -30.8% |
| Amounts payable after more than one year | 17 | €111,669 | €80,720 | -€30,949 | -27.7% |
| Financial debts | 170/4 | €111,669 | €80,720 | -€30,949 | -27.7% |
| Amounts payable within one year | 42/48 | €49,495 | €30,838 | -€18,657 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | €40,832 | €18,449 | -€22,383 | -54.8% |
| Trade debts | 44 | €985 | - | -€985 | |
| Suppliers | 440/4 | €985 | - | -€985 | |
| Taxes, remuneration and social security | 45 | €6,617 | €11,678 | +€5,060 | +76.5% |
| Taxes | 450/3 | €6,617 | €11,678 | +€5,060 | +76.5% |
| Other amounts payable | 47/48 | €1,060 | €711 | -€349 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,580 | €42,586 | +€12,007 | +39.3% |
| Other operating charges | 640/8 | €2,978 | €1,611 | -€1,367 | -45.9% |
| Gross operating margin | 9900 | €37,658 | €75,798 | +€38,140 | +101% |
| Operating profit (loss) | 9901 | €4,100 | €31,601 | +€27,501 | +671% |
| Financial income | 75/76B | €260 | €61 | -€199 | -76.6% |
| Recurring financial income | 75 | €260 | €61 | -€199 | -76.6% |
| Financial charges | 65/66B | €4,364 | €2,651 | -€1,712 | -39.2% |
| Recurring financial charges | 65 | €4,364 | €2,651 | -€1,712 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | -€3 | €29,011 | +€29,014 | |
| Income taxes | 67/77 | -€3 | €6,822 | +€6,825 | |
| Profit (loss) for the period | 9904 | - | €22,189 | +€22,189 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €22,189 | +€22,189 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.