MAQUILLARTS: 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.
MAQUILLARTS
Largest movements
- Cash -€6,755
down €6,755 (-87.6%), from €7,708 to €953
mainly Net result for the year (-€14,585) and Contributions, distributions and other (-€13,749)
- Tangible fixed assets -€6,229
down €6,229 (-66.0%), from €9,444 to €3,215
of which Plant, machinery and equipment: -€5,987
- Stocks and contracts -€4,696
down €4,696 (-34.9%), from €13,441 to €8,745
- Other debts +€16,136
up €16,136 (+251%), from €6,425 to €22,561
- Profit (loss) carried forward -€14,584
down €14,584 (-47.3%), from -€30,841 to -€45,425
- Reserves -€13,750
down €13,750 (-89.1%), from €15,437 to €1,687
- Advances received -€3,105
down €3,105 (-41.0%), from €7,569 to €4,464
- Tax, wage and social debts -€1,487
down €1,487 (-31.0%), from €4,804 to €3,317
of which Remuneration and social security: -€1,033
- Turnover -€55,115
down €55,115 (-43.2%), from €127,562 to €72,447
- Gross operating margin -€19,767
down €19,767 (-73.5%), from €26,886 to €7,119
- Purchases and services -€16,558
down €16,558 (-16.3%), from €101,297 to €84,739
- Staff costs +€2,698
up €2,698 (+31.4%), from €8,595 to €11,293
- Depreciation -€2,303
down €2,303 (-63.5%), from €3,626 to €1,323
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 | €31,877 | €13,675 | -€18,202 | -57.1% |
| Fixed assets | 21/28 | €9,636 | €3,357 | -€6,279 | -65.2% |
| Tangible fixed assets | 22/27 | €9,444 | €3,215 | -€6,229 | -66.0% |
| Plant, machinery and equipment | 23 | €8,517 | €2,530 | -€5,987 | -70.3% |
| Furniture and vehicles | 24 | €927 | €685 | -€242 | -26.1% |
| Financial fixed assets | 28 | €192 | €142 | -€50 | -26.0% |
| Current assets | 29/58 | €22,241 | €10,318 | -€11,923 | -53.6% |
| Stocks and contracts in progress | 3 | €13,441 | €8,745 | -€4,696 | -34.9% |
| Stocks | 30/36 | €13,441 | €8,745 | -€4,696 | -34.9% |
| Amounts receivable within one year | 40/41 | €293 | - | -€293 | |
| Trade receivables | 40 | €293 | - | -€293 | |
| Cash at bank and in hand | 54/58 | €7,708 | €953 | -€6,755 | -87.6% |
| Deferred charges and accrued income | 490/1 | €799 | €620 | -€179 | -22.4% |
| Total equity and liabilities | 10/49 | €31,877 | €13,675 | -€18,202 | -57.1% |
| Equity | 10/15 | €3,315 | -€25,019 | -€28,334 | |
| Contributions | 10/11 | €18,719 | €18,719 | = | 0.0% |
| Reserves | 13 | €15,437 | €1,687 | -€13,750 | -89.1% |
| Non-distributable reserves | 130/1 | €15,437 | €1,687 | -€13,750 | -89.1% |
| Reserves not available under the articles | 1311 | €15,437 | €1,687 | -€13,750 | -89.1% |
| Profit (loss) carried forward | 14 | -€30,841 | -€45,425 | -€14,584 | -47.3% |
| Amounts payable | 17/49 | €28,562 | €38,694 | +€10,132 | +35.5% |
| Amounts payable within one year | 42/48 | €28,562 | €38,670 | +€10,108 | +35.4% |
| Trade debts | 44 | €9,764 | €8,328 | -€1,436 | -14.7% |
| Suppliers | 440/4 | €9,764 | €8,328 | -€1,436 | -14.7% |
| Advances received on contracts in progress | 46 | €7,569 | €4,464 | -€3,105 | -41.0% |
| Taxes, remuneration and social security | 45 | €4,804 | €3,317 | -€1,487 | -31.0% |
| Taxes | 450/3 | €2,921 | €2,467 | -€454 | -15.5% |
| Remuneration and social security | 454/9 | €1,883 | €850 | -€1,033 | -54.9% |
| Other amounts payable | 47/48 | €6,425 | €22,561 | +€16,136 | +251% |
| Accrued charges and deferred income | 492/3 | - | €24 | +€24 | |
| Turnover | 70 | €127,562 | €72,447 | -€55,115 | -43.2% |
| Non-recurring operating income | 76A | €621 | €19,411 | +€18,790 | +3,026% |
| Goods, raw materials, services and sundry goods | 60/61 | €101,297 | €84,739 | -€16,558 | -16.3% |
| Remuneration, social security and pensions | 62 | €8,595 | €11,293 | +€2,698 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,626 | €1,323 | -€2,303 | -63.5% |
| Other operating charges | 640/8 | €504 | €92 | -€412 | -81.7% |
| Non-recurring operating charges | 66A | - | €6,695 | +€6,695 | |
| Gross operating margin | 9900 | €26,886 | €7,119 | -€19,767 | -73.5% |
| Operating profit (loss) | 9901 | €14,161 | -€12,284 | -€26,445 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,928 | €2,255 | -€673 | -23.0% |
| Recurring financial charges | 65 | €2,928 | €2,255 | -€673 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €11,234 | -€14,539 | -€25,773 | |
| Income taxes | 67/77 | €115 | €46 | -€69 | -60.0% |
| Profit (loss) for the period | 9904 | €11,119 | -€14,585 | -€25,704 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,119 | -€14,585 | -€25,704 |
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.