MAQUA J&S: 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.
MAQUA J&S
Largest movements
- Tangible fixed assets -€52,579
down €52,579 (-7.7%), from €684,086 to €631,507
- Debts after one year -€82,050
down €82,050 (-8.5%), from €961,867 to €879,817
- Profit (loss) carried forward +€52,622
up €52,622 (+209%), from €25,188 to €77,810
- Accrued charges and deferred income -€39,539
no longer reported in 2025 (was €39,539)
- Financial charges -€36,327
down €36,327 (-69.1%), from €52,560 to €16,234
- Depreciation +€13,507
up €13,507 (+34.6%), from €39,072 to €52,579
- Gross operating margin +€10,678
up €10,678 (+7.8%), from €136,138 to €146,817
- Taxes +€7,078
up €7,078 (+53.7%), from €13,190 to €20,268
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 | €2,692,903 | €2,642,742 | -€50,161 | -1.9% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €2,684,086 | €2,631,507 | -€52,579 | -2.0% |
| Tangible fixed assets | 22/27 | €684,086 | €631,507 | -€52,579 | -7.7% |
| Land and buildings | 22 | €684,086 | €631,507 | -€52,579 | -7.7% |
| Financial fixed assets | 28 | €2,000,000 | €2,000,000 | = | 0.0% |
| Current assets | 29/58 | €8,817 | €11,235 | +€2,418 | +27.4% |
| Amounts receivable within one year | 40/41 | €76 | - | -€76 | |
| Other amounts receivable | 41 | €76 | - | -€76 | |
| Cash at bank and in hand | 54/58 | €8,741 | €11,235 | +€2,494 | +28.5% |
| Total equity and liabilities | 10/49 | €2,692,903 | €2,642,742 | -€50,161 | -1.9% |
| Equity | 10/15 | €123,354 | €175,975 | +€52,622 | +42.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €88,166 | €88,166 | = | 0.0% |
| Distributable reserves | 133 | €88,166 | €88,166 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,188 | €77,810 | +€52,622 | +209% |
| Amounts payable | 17/49 | €2,569,549 | €2,466,766 | -€102,783 | -4.0% |
| Amounts payable after more than one year | 17 | €961,867 | €879,817 | -€82,050 | -8.5% |
| Financial debts | 170/4 | €961,867 | €879,817 | -€82,050 | -8.5% |
| Amounts payable within one year | 42/48 | €1,568,143 | €1,586,950 | +€18,807 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €80,899 | €82,050 | +€1,152 | +1.4% |
| Trade debts | 44 | €4,791 | €3,089 | -€1,702 | -35.5% |
| Suppliers | 440/4 | €4,791 | €3,089 | -€1,702 | -35.5% |
| Taxes, remuneration and social security | 45 | €14,649 | €21,803 | +€7,153 | +48.8% |
| Taxes | 450/3 | €14,649 | €21,803 | +€7,153 | +48.8% |
| Other amounts payable | 47/48 | €1,467,804 | €1,480,008 | +€12,205 | +0.8% |
| Accrued charges and deferred income | 492/3 | €39,539 | - | -€39,539 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,072 | €52,579 | +€13,507 | +34.6% |
| Other operating charges | 640/8 | €5,896 | €5,115 | -€782 | -13.3% |
| Gross operating margin | 9900 | €136,138 | €146,817 | +€10,678 | +7.8% |
| Operating profit (loss) | 9901 | €91,170 | €89,123 | -€2,047 | -2.2% |
| Financial charges | 65/66B | €52,560 | €16,234 | -€36,327 | -69.1% |
| Recurring financial charges | 65 | €52,560 | €16,234 | -€36,327 | -69.1% |
| Profit (loss) for the period before taxes | 9903 | €38,610 | €72,889 | +€34,279 | +88.8% |
| Income taxes | 67/77 | €13,190 | €20,268 | +€7,078 | +53.7% |
| Profit (loss) for the period | 9904 | €25,420 | €52,622 | +€27,201 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €25,420 | €52,622 | +€27,201 | +107% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.