MUQUOI: 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.
MUQUOI
Largest movements
- Receivables within one year +€6,652
up €6,652 (+20.2%), from €32,959 to €39,612
of which Other amounts receivable: +€6,297
- Tangible fixed assets +€1,925
new in 2025: €1,925
- Cash +€631
up €631 (+23.8%), from €2,653 to €3,284
mainly Tax, wage and social debts (+€3,954) and Net result for the year (+€3,116)
- Tax, wage and social debts +€3,954
up €3,954 (+1,047%), from €378 to €4,332
- Profit (loss) carried forward +€3,116
up €3,116 (+10.0%), from €31,179 to €34,295
- Trade debts +€2,203
up €2,203 (+73.7%), from €2,991 to €5,194
- Taxes +€4,332
new in 2025: €4,332
- Gross operating margin -€2,896
down €2,896 (-24.5%), from €11,822 to €8,926
- Other operating charges +€880
up €880 (+733%), from €120 to €1,000
- Financial charges +€281
up €281 (+1,247%), from €23 to €303
- Depreciation +€175
new in 2025: €175
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 | €35,612 | €44,821 | +€9,208 | +25.9% |
| Fixed assets | 21/28 | - | €1,925 | +€1,925 | |
| Tangible fixed assets | 22/27 | - | €1,925 | +€1,925 | |
| Furniture and vehicles | 24 | - | €1,925 | +€1,925 | |
| Current assets | 29/58 | €35,612 | €42,896 | +€7,283 | +20.5% |
| Amounts receivable within one year | 40/41 | €32,959 | €39,612 | +€6,652 | +20.2% |
| Trade receivables | 40 | €4,851 | €5,206 | +€356 | +7.3% |
| Other amounts receivable | 41 | €28,109 | €34,405 | +€6,297 | +22.4% |
| Cash at bank and in hand | 54/58 | €2,653 | €3,284 | +€631 | +23.8% |
| Total equity and liabilities | 10/49 | €35,612 | €44,821 | +€9,208 | +25.9% |
| Equity | 10/15 | €32,179 | €35,295 | +€3,116 | +9.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,179 | €34,295 | +€3,116 | +10.0% |
| Amounts payable | 17/49 | €3,433 | €9,526 | +€6,093 | +177% |
| Amounts payable within one year | 42/48 | €3,433 | €9,526 | +€6,093 | +177% |
| Trade debts | 44 | €2,991 | €5,194 | +€2,203 | +73.7% |
| Suppliers | 440/4 | €2,991 | €5,194 | +€2,203 | +73.7% |
| Taxes, remuneration and social security | 45 | €378 | €4,332 | +€3,954 | +1,047% |
| Taxes | 450/3 | €378 | €4,332 | +€3,954 | +1,047% |
| Other amounts payable | 47/48 | €65 | - | -€65 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €175 | +€175 | |
| Other operating charges | 640/8 | €120 | €1,000 | +€880 | +733% |
| Gross operating margin | 9900 | €11,822 | €8,926 | -€2,896 | -24.5% |
| Operating profit (loss) | 9901 | €11,702 | €7,751 | -€3,951 | -33.8% |
| Financial charges | 65/66B | €23 | €303 | +€281 | +1,247% |
| Recurring financial charges | 65 | €23 | €303 | +€281 | +1,247% |
| Profit (loss) for the period before taxes | 9903 | €11,679 | €7,448 | -€4,231 | -36.2% |
| Income taxes | 67/77 | - | €4,332 | +€4,332 | |
| Profit (loss) for the period | 9904 | €11,679 | €3,116 | -€8,563 | -73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,679 | €3,116 | -€8,563 | -73.3% |
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 25 October 2026 via checked.be.