MAQUMI: 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.
MAQUMI
Largest movements
- Cash +€84,088
up €84,088 (+42.3%), from €198,662 to €282,750
mainly Net result for the year (+€293,595) and Receivables within one year (+€64,256)
- Receivables within one year -€64,256
down €64,256 (-66.9%), from €96,039 to €31,783
of which Trade receivables: -€38,500
- Current investments +€48,684
up €48,684 (+4.0%), from €1.2m to €1.3m
- Tangible fixed assets -€41,213
down €41,213 (-50.6%), from €81,453 to €40,240
of which Furniture and vehicles: -€39,547
- Reserves +€60,747
up €60,747 (+4.6%), from €1.3m to €1.4m
- Current portion of long-term debt -€18,144
down €18,144 (-71.1%), from €25,530 to €7,386
- Gross operating margin +€28,294
up €28,294 (+6.5%), from €435,126 to €463,420
- Taxes +€8,037
up €8,037 (+6.3%), from €127,644 to €135,681
- Financial charges +€6,751
up €6,751 (+1,358%), from €497 to €7,248
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 | €1,628,495 | €1,645,948 | +€17,453 | +1.1% |
| Fixed assets | 21/28 | €81,453 | €40,240 | -€41,213 | -50.6% |
| Tangible fixed assets | 22/27 | €81,453 | €40,240 | -€41,213 | -50.6% |
| Plant, machinery and equipment | 23 | €6,565 | €4,899 | -€1,666 | -25.4% |
| Furniture and vehicles | 24 | €74,888 | €35,341 | -€39,547 | -52.8% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €1,547,042 | €1,605,709 | +€58,667 | +3.8% |
| Amounts receivable after more than one year | 29 | €17,681 | €11,897 | -€5,784 | -32.7% |
| Other amounts receivable | 291 | €17,681 | €11,897 | -€5,784 | -32.7% |
| Amounts receivable within one year | 40/41 | €96,039 | €31,783 | -€64,256 | -66.9% |
| Trade receivables | 40 | €38,500 | - | -€38,500 | |
| Other amounts receivable | 41 | €57,539 | €31,783 | -€25,756 | -44.8% |
| Current investments | 50/53 | €1,228,051 | €1,276,735 | +€48,684 | +4.0% |
| Cash at bank and in hand | 54/58 | €198,662 | €282,750 | +€84,088 | +42.3% |
| Deferred charges and accrued income | 490/1 | €6,609 | €2,543 | -€4,066 | -61.5% |
| Total equity and liabilities | 10/49 | €1,628,495 | €1,645,948 | +€17,453 | +1.1% |
| Equity | 10/15 | €1,322,451 | €1,383,198 | +€60,747 | +4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,315,922 | €1,376,669 | +€60,747 | +4.6% |
| Distributable reserves | 133 | €1,315,922 | €1,376,669 | +€60,747 | +4.6% |
| Profit (loss) carried forward | 14 | €329 | €329 | +€0 | +0.1% |
| Amounts payable | 17/49 | €306,044 | €262,750 | -€43,294 | -14.1% |
| Amounts payable after more than one year | 17 | €7,386 | - | -€7,386 | |
| Financial debts | 170/4 | €7,386 | - | -€7,386 | |
| Amounts payable within one year | 42/48 | €297,033 | €260,534 | -€36,499 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €25,530 | €7,386 | -€18,144 | -71.1% |
| Trade debts | 44 | €1,637 | €656 | -€981 | -59.9% |
| Suppliers | 440/4 | €1,637 | €656 | -€981 | -59.9% |
| Taxes, remuneration and social security | 45 | €23,002 | €19,644 | -€3,358 | -14.6% |
| Taxes | 450/3 | €23,002 | €19,644 | -€3,358 | -14.6% |
| Other amounts payable | 47/48 | €246,864 | €232,848 | -€14,016 | -5.7% |
| Accrued charges and deferred income | 492/3 | €1,625 | €2,216 | +€591 | +36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,813 | €41,213 | -€1,600 | -3.7% |
| Other operating charges | 640/8 | €1,290 | €1,308 | +€18 | +1.4% |
| Gross operating margin | 9900 | €435,126 | €463,420 | +€28,294 | +6.5% |
| Operating profit (loss) | 9901 | €391,023 | €420,899 | +€29,876 | +7.6% |
| Financial income | 75/76B | €17,833 | €15,624 | -€2,209 | -12.4% |
| Recurring financial income | 75 | €17,833 | €15,624 | -€2,209 | -12.4% |
| Financial charges | 65/66B | €497 | €7,248 | +€6,751 | +1,358% |
| Recurring financial charges | 65 | €497 | €7,248 | +€6,751 | +1,358% |
| Profit (loss) for the period before taxes | 9903 | €408,359 | €429,275 | +€20,916 | +5.1% |
| Income taxes | 67/77 | €127,644 | €135,681 | +€8,037 | +6.3% |
| Profit (loss) for the period | 9904 | €280,715 | €293,595 | +€12,880 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €280,715 | €293,595 | +€12,880 | +4.6% |
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 31 October 2026 via checked.be.