MAQUICE: 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.
MAQUICE
Largest movements
- Tangible fixed assets -€8,456
down €8,456 (-10.4%), from €81,654 to €73,198
of which Other tangible fixed assets: -€5,441
- Receivables within one year +€4,987
up €4,987, from €0 to €4,987
of which Other amounts receivable: +€4,987
- Financial fixed assets +€2,790
up €2,790 (+1860.0%), from €150 to €2,940
- Other debts +€14,314
up €14,314 (+433.7%), from €3,301 to €17,615
- Debts after one year -€13,668
down €13,668 (-15.0%), from €91,176 to €77,508
of which Financial debts: -€13,668
- Trade debts -€6,866
down €6,866 (-42.5%), from €16,164 to €9,297
- Current portion of long-term debt +€2,516
up €2,516 (+19.3%), from €13,023 to €15,539
- Profit (loss) carried forward +€2,063
up €2,063 (+3.0%), from -€69,292 to -€67,229
- Depreciation -€8,368
down €8,368 (-48.3%), from €17,319 to €8,951
- Gross operating margin +€4,196
up €4,196 (+4.6%), from €90,571 to €94,767
- Staff costs -€3,991
down €3,991 (-5.3%), from €75,634 to €71,643
- Financial charges +€3,486
up €3,486 (+59.7%), from €5,836 to €9,322
- Other operating charges +€1,548
up €1,548 (+350.1%), from €442 to €1,990
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.
Cash bridge derived
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 | €91,329 | €88,991 | -€2,338 | -2.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €82,211 | €76,372 | -€5,838 | -7.1% |
| Intangible fixed assets | 21 | €407 | €235 | -€172 | -42.3% |
| Tangible fixed assets | 22/27 | €81,654 | €73,198 | -€8,456 | -10.4% |
| Plant, machinery and equipment | 23 | €2,182 | €974 | -€1,208 | -55.4% |
| Furniture and vehicles | 24 | €2,717 | €909 | -€1,808 | -66.5% |
| Other tangible fixed assets | 26 | €76,755 | €71,314 | -€5,441 | -7.1% |
| Financial fixed assets | 28 | €150 | €2,940 | +€2,790 | +1860.0% |
| Current assets | 29/58 | €9,119 | €12,619 | +€3,500 | +38.4% |
| Stocks and contracts in progress | 3 | €480 | €110 | -€370 | -77.1% |
| Stocks | 30/36 | €480 | €110 | -€370 | -77.1% |
| Amounts receivable within one year | 40/41 | €0 | €4,987 | +€4,987 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €4,987 | +€4,987 | |
| Cash at bank and in hand | 54/58 | €6,252 | €5,925 | -€327 | -5.2% |
| Deferred charges and accrued income | 490/1 | €2,387 | €1,597 | -€789 | -33.1% |
| Total equity and liabilities | 10/49 | €91,329 | €88,991 | -€2,338 | -2.6% |
| Equity | 10/15 | -€49,292 | -€47,229 | +€2,063 | +4.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,292 | -€67,229 | +€2,063 | +3.0% |
| Amounts payable | 17/49 | €140,621 | €136,220 | -€4,401 | -3.1% |
| Amounts payable after more than one year | 17 | €91,176 | €77,508 | -€13,668 | -15.0% |
| Financial debts | 170/4 | €65,176 | €51,508 | -€13,668 | -21.0% |
| Other amounts payable | 178/9 | €26,000 | €26,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €49,445 | €58,369 | +€8,923 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €13,023 | €15,539 | +€2,516 | +19.3% |
| Trade debts | 44 | €16,164 | €9,297 | -€6,866 | -42.5% |
| Suppliers | 440/4 | €16,164 | €9,297 | -€6,866 | -42.5% |
| Taxes, remuneration and social security | 45 | €16,958 | €15,918 | -€1,040 | -6.1% |
| Taxes | 450/3 | €11,826 | €12,262 | +€436 | +3.7% |
| Remuneration and social security | 454/9 | €5,132 | €3,656 | -€1,476 | -28.8% |
| Other amounts payable | 47/48 | €3,301 | €17,615 | +€14,314 | +433.7% |
| Accrued charges and deferred income | 492/3 | - | €343 | +€343 | |
| Remuneration, social security and pensions | 62 | €75,634 | €71,643 | -€3,991 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,319 | €8,951 | -€8,368 | -48.3% |
| Other operating charges | 640/8 | €442 | €1,990 | +€1,548 | +350.1% |
| Gross operating margin | 9900 | €90,571 | €94,767 | +€4,196 | +4.6% |
| Operating profit (loss) | 9901 | -€2,824 | €12,182 | +€15,007 | |
| Financial income | 75/76B | €1 | €0 | -€0 | -98.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -98.0% |
| Financial charges | 65/66B | €5,836 | €9,322 | +€3,486 | +59.7% |
| Recurring financial charges | 65 | €5,836 | €9,322 | +€3,486 | +59.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,660 | €2,860 | +€11,520 | |
| Income taxes | 67/77 | €674 | €797 | +€123 | +18.2% |
| Profit (loss) for the period | 9904 | -€9,334 | €2,063 | +€11,397 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,334 | €2,063 | +€11,397 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.