MIQUE - MAC: what changed
Two fiscal 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.
MIQUE - MAC
Largest movements
- Cash +€8,550
up €8,550 (+40.4%), from €21,173 to €29,723
mainly Net result for the year (+€6,773) and Receivables within one year (+€5,179)
- Receivables within one year -€5,179
down €5,179 (-100.0%), from €5,179 to €0
of which Trade receivables: -€5,179
- Stocks and contracts +€4,183
up €4,183 (+31.8%), from €13,135 to €17,318
- Deferred charges and accrued income -€1,907
down €1,907 (-25.2%), from €7,577 to €5,670
- Profit (loss) carried forward +€6,773
up €6,773 (+10.2%), from -€66,543 to -€59,770
- Trade debts -€5,228
down €5,228 (-25.0%), from €20,928 to €15,700
- Other debts +€3,250
up €3,250 (+78.6%), from €4,132 to €7,382
- Tax, wage and social debts +€853
up €853 (+7.8%), from €10,863 to €11,716
of which Taxes: +€853
- Gross operating margin +€24,489
up €24,489, from -€4,070 to €20,419
- Other operating charges +€10,042
up €10,042 (+531.8%), from €1,888 to €11,930
- Taxes +€318
up €318 (+28.8%), from €1,107 to €1,425
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 | €55,689 | €61,336 | +€5,647 | +10.1% |
| Fixed assets | 21/28 | €8,625 | €8,625 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €8,625 | €8,625 | = | 0.0% |
| Current assets | 29/58 | €47,064 | €52,711 | +€5,647 | +12.0% |
| Stocks and contracts in progress | 3 | €13,135 | €17,318 | +€4,183 | +31.8% |
| Stocks | 30/36 | €13,135 | €17,318 | +€4,183 | +31.8% |
| Amounts receivable within one year | 40/41 | €5,179 | €0 | -€5,179 | -100.0% |
| Trade receivables | 40 | €5,179 | €0 | -€5,179 | -100.0% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €21,173 | €29,723 | +€8,550 | +40.4% |
| Deferred charges and accrued income | 490/1 | €7,577 | €5,670 | -€1,907 | -25.2% |
| Total equity and liabilities | 10/49 | €55,689 | €61,336 | +€5,647 | +10.1% |
| Equity | 10/15 | €19,765 | €26,538 | +€6,773 | +34.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €67,717 | €67,717 | = | 0.0% |
| Tax-exempt reserves | 132 | €65,858 | €65,858 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,543 | -€59,770 | +€6,773 | +10.2% |
| Amounts payable | 17/49 | €35,923 | €34,797 | -€1,126 | -3.1% |
| Amounts payable within one year | 42/48 | €35,923 | €34,797 | -€1,126 | -3.1% |
| Trade debts | 44 | €20,928 | €15,700 | -€5,228 | -25.0% |
| Suppliers | 440/4 | €20,928 | €15,700 | -€5,228 | -25.0% |
| Taxes, remuneration and social security | 45 | €10,863 | €11,716 | +€853 | +7.8% |
| Taxes | 450/3 | €10,863 | €11,716 | +€853 | +7.8% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €4,132 | €7,382 | +€3,250 | +78.6% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Other operating charges | 640/8 | €1,888 | €11,930 | +€10,042 | +531.8% |
| Gross operating margin | 9900 | -€4,070 | €20,419 | +€24,489 | |
| Operating profit (loss) | 9901 | -€5,958 | €8,489 | +€14,446 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +400.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +400.0% |
| Financial charges | 65/66B | €194 | €291 | +€97 | +50.0% |
| Recurring financial charges | 65 | €194 | €291 | +€97 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,152 | €8,198 | +€14,350 | |
| Income taxes | 67/77 | €1,107 | €1,425 | +€318 | +28.8% |
| Profit (loss) for the period | 9904 | -€7,258 | €6,773 | +€14,031 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,258 | €6,773 | +€14,031 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.