C-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.
C-MAC
Largest movements
- Cash +€103,063
up €103,063 (+609.1%), from €16,922 to €119,985
mainly Net result for the year (+€116,552) and Receivables within one year (+€97,068)
- Receivables within one year -€97,068
down €97,068 (-94.5%), from €102,706 to €5,638
of which Other amounts receivable: -€102,349
- Tangible fixed assets -€20,650
down €20,650 (-2.6%), from €804,524 to €783,874
of which Land and buildings: -€16,395
- Reserves +€116,552
up €116,552 (+45.4%), from €256,853 to €373,405
- Advances received -€50,000
no longer reported in 2025 (was €50,000)
- Tax, wage and social debts -€48,104
down €48,104 (-70.3%), from €68,452 to €20,348
- Debts after one year -€31,307
down €31,307 (-6.3%), from €495,272 to €463,965
- Taxes -€14,053
down €14,053 (-22.0%), from €63,841 to €49,788
- Gross operating margin -€13,240
down €13,240 (-5.7%), from €234,143 to €220,903
- Financial charges +€12,423
up €12,423 (+156.0%), from €7,962 to €20,384
- Depreciation +€9,045
up €9,045 (+39.6%), from €22,857 to €31,902
- Financial income -€3,800
down €3,800 (-100.0%), from €3,800 to €0
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 | €924,152 | €909,496 | -€14,656 | -1.6% |
| Fixed assets | 21/28 | €804,524 | €783,874 | -€20,650 | -2.6% |
| Tangible fixed assets | 22/27 | €804,524 | €783,874 | -€20,650 | -2.6% |
| Land and buildings | 22 | €751,260 | €734,865 | -€16,395 | -2.2% |
| Furniture and vehicles | 24 | €53,264 | €37,900 | -€15,364 | -28.8% |
| Other tangible fixed assets | 26 | - | €11,109 | +€11,109 | |
| Current assets | 29/58 | €119,628 | €125,622 | +€5,994 | +5.0% |
| Amounts receivable within one year | 40/41 | €102,706 | €5,638 | -€97,068 | -94.5% |
| Trade receivables | 40 | - | €5,280 | +€5,280 | |
| Other amounts receivable | 41 | €102,706 | €357 | -€102,349 | -99.7% |
| Cash at bank and in hand | 54/58 | €16,922 | €119,985 | +€103,063 | +609.1% |
| Total equity and liabilities | 10/49 | €924,152 | €909,496 | -€14,656 | -1.6% |
| Equity | 10/15 | €261,853 | €378,405 | +€116,552 | +44.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €256,853 | €373,405 | +€116,552 | +45.4% |
| Distributable reserves | 133 | €256,853 | €373,405 | +€116,552 | +45.4% |
| Amounts payable | 17/49 | €662,299 | €531,091 | -€131,207 | -19.8% |
| Amounts payable after more than one year | 17 | €495,272 | €463,965 | -€31,307 | -6.3% |
| Financial debts | 170/4 | €495,272 | €463,965 | -€31,307 | -6.3% |
| Amounts payable within one year | 42/48 | €164,141 | €63,988 | -€100,153 | -61.0% |
| Current portion of amounts payable after more than one year | 42 | €31,031 | €31,307 | +€276 | +0.9% |
| Financial debts | 43 | €8,006 | - | -€8,006 | |
| Credit institutions | 430/8 | €8,006 | - | -€8,006 | |
| Trade debts | 44 | €6,652 | €10,351 | +€3,699 | +55.6% |
| Suppliers | 440/4 | €6,652 | €10,351 | +€3,699 | +55.6% |
| Advances received on contracts in progress | 46 | €50,000 | - | -€50,000 | |
| Taxes, remuneration and social security | 45 | €68,452 | €20,348 | -€48,104 | -70.3% |
| Taxes | 450/3 | €68,452 | €20,348 | -€48,104 | -70.3% |
| Other amounts payable | 47/48 | - | €1,982 | +€1,982 | |
| Accrued charges and deferred income | 492/3 | €2,885 | €3,138 | +€253 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,857 | €31,902 | +€9,045 | +39.6% |
| Other operating charges | 640/8 | €1,244 | €2,278 | +€1,034 | +83.1% |
| Gross operating margin | 9900 | €234,143 | €220,903 | -€13,240 | -5.7% |
| Operating profit (loss) | 9901 | €210,042 | €186,723 | -€23,319 | -11.1% |
| Financial income | 75/76B | €3,800 | €0 | -€3,800 | -100.0% |
| Recurring financial income | 75 | €3,800 | €0 | -€3,800 | -100.0% |
| Financial charges | 65/66B | €7,962 | €20,384 | +€12,423 | +156.0% |
| Recurring financial charges | 65 | €7,962 | €20,384 | +€12,423 | +156.0% |
| Profit (loss) for the period before taxes | 9903 | €205,881 | €166,340 | -€39,542 | -19.2% |
| Income taxes | 67/77 | €63,841 | €49,788 | -€14,053 | -22.0% |
| Profit (loss) for the period | 9904 | €142,040 | €116,552 | -€25,489 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €142,040 | €116,552 | -€25,489 | -17.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.