MAQUET GROUP: 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.
MAQUET GROUP
Largest movements
- Receivables within one year +€288,337
up €288,337 (+1,077%), from €26,767 to €315,104
of which Other amounts receivable: +€293,337
- Other debts +€281,857
up €281,857 (+42.0%), from €671,520 to €953,377
- Debts after one year -€20,496
down €20,496 (-3.3%), from €614,286 to €593,790
of which Financial debts: -€20,496
- Accrued charges and deferred income +€19,926
up €19,926 (+114%), from €17,526 to €37,452
- Financial income -€325,376
down €325,376 (-99.2%), from €327,954 to €2,578
- Gross operating margin +€8,072
up €8,072 (+24.2%), from €33,423 to €41,495
- Financial charges -€3,352
down €3,352 (-12.0%), from €27,921 to €24,569
- Depreciation -€2,277
down €2,277 (-10.8%), from €21,050 to €18,773
- Other operating charges +€1,389
new in 2025: €1,389
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 | €1,699,332 | €1,973,958 | +€274,626 | +16.2% |
| Fixed assets | 21/28 | €1,636,444 | €1,617,670 | -€18,773 | -1.1% |
| Tangible fixed assets | 22/27 | €277,437 | €258,664 | -€18,773 | -6.8% |
| Land and buildings | 22 | €266,850 | €250,200 | -€16,650 | -6.2% |
| Plant, machinery and equipment | 23 | €10,587 | €8,464 | -€2,123 | -20.1% |
| Financial fixed assets | 28 | €1,359,007 | €1,359,007 | = | 0.0% |
| Current assets | 29/58 | €62,888 | €356,287 | +€293,399 | +467% |
| Amounts receivable within one year | 40/41 | €26,767 | €315,104 | +€288,337 | +1,077% |
| Trade receivables | 40 | €17,394 | €12,394 | -€5,000 | -28.7% |
| Other amounts receivable | 41 | €9,373 | €302,711 | +€293,337 | +3,129% |
| Cash at bank and in hand | 54/58 | €36,121 | €39,923 | +€3,802 | +10.5% |
| Deferred charges and accrued income | 490/1 | - | €1,260 | +€1,260 | |
| Total equity and liabilities | 10/49 | €1,699,332 | €1,973,958 | +€274,626 | +16.2% |
| Equity | 10/15 | €342,522 | €339,003 | -€3,518 | -1.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €312,172 | €311,231 | -€941 | -0.3% |
| Investment grants | 15 | €10,350 | €7,772 | -€2,578 | -24.9% |
| Amounts payable | 17/49 | €1,356,810 | €1,634,955 | +€278,144 | +20.5% |
| Amounts payable after more than one year | 17 | €614,286 | €593,790 | -€20,496 | -3.3% |
| Financial debts | 170/4 | €114,286 | €93,790 | -€20,496 | -17.9% |
| Other amounts payable | 178/9 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €724,999 | €1,003,712 | +€278,714 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €32,700 | €22,170 | -€10,530 | -32.2% |
| Trade debts | 44 | €3,518 | €2,195 | -€1,323 | -37.6% |
| Suppliers | 440/4 | €3,518 | €2,195 | -€1,323 | -37.6% |
| Taxes, remuneration and social security | 45 | €17,260 | €25,969 | +€8,709 | +50.5% |
| Taxes | 450/3 | €12,267 | €10,190 | -€2,078 | -16.9% |
| Remuneration and social security | 454/9 | €4,993 | €15,780 | +€10,786 | +216% |
| Other amounts payable | 47/48 | €671,520 | €953,377 | +€281,857 | +42.0% |
| Accrued charges and deferred income | 492/3 | €17,526 | €37,452 | +€19,926 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,050 | €18,773 | -€2,277 | -10.8% |
| Other operating charges | 640/8 | - | €1,389 | +€1,389 | |
| Gross operating margin | 9900 | €33,423 | €41,495 | +€8,072 | +24.2% |
| Operating profit (loss) | 9901 | €12,373 | €21,332 | +€8,960 | +72.4% |
| Financial income | 75/76B | €327,954 | €2,578 | -€325,376 | -99.2% |
| Recurring financial income | 75 | €327,954 | €2,578 | -€325,376 | -99.2% |
| Financial charges | 65/66B | €27,921 | €24,569 | -€3,352 | -12.0% |
| Recurring financial charges | 65 | €27,921 | €24,569 | -€3,352 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €312,405 | -€659 | -€313,064 | |
| Income taxes | 67/77 | €234 | €282 | +€48 | +20.5% |
| Profit (loss) for the period | 9904 | €312,172 | -€941 | -€313,112 | |
| Profit (loss) for the period to be appropriated | 9905 | €312,172 | -€941 | -€313,112 |
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 22 October 2026 via checked.be.