D-MACO: 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.
D-MACO
Largest movements
- Tangible fixed assets -€15,423
down €15,423 (-9.4%), from €163,662 to €148,239
- Cash +€9,434
up €9,434 (+128.2%), from €7,360 to €16,794
mainly Depreciation (+€58,694) and Net result for the year (+€40,296)
- Trade debts -€41,723
down €41,723 (-95.0%), from €43,913 to €2,190
- Reserves +€40,296
up €40,296 (+41.0%), from €98,371 to €138,668
- Debts after one year -€15,274
down €15,274 (-45.6%), from €33,468 to €18,195
- Other debts +€13,658
up €13,658 (+1893.4%), from €721 to €14,380
- Gross operating margin -€37,944
down €37,944 (-27.1%), from €139,919 to €101,975
- Depreciation +€21,471
up €21,471 (+57.7%), from €37,223 to €58,694
- Financial charges -€1,561
down €1,561 (-40.0%), from €3,905 to €2,344
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 | €199,318 | €195,301 | -€4,017 | -2.0% |
| Fixed assets | 21/28 | €173,662 | €158,239 | -€15,423 | -8.9% |
| Tangible fixed assets | 22/27 | €163,662 | €148,239 | -€15,423 | -9.4% |
| Land and buildings | 22 | €26,816 | €27,858 | +€1,042 | +3.9% |
| Plant, machinery and equipment | 23 | €35,503 | €29,219 | -€6,284 | -17.7% |
| Furniture and vehicles | 24 | €75,009 | €68,711 | -€6,297 | -8.4% |
| Leasing and similar rights | 25 | €26,334 | €22,450 | -€3,884 | -14.7% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €25,656 | €37,062 | +€11,406 | +44.5% |
| Amounts receivable within one year | 40/41 | €18,296 | €20,268 | +€1,972 | +10.8% |
| Trade receivables | 40 | €10,245 | €19,374 | +€9,129 | +89.1% |
| Other amounts receivable | 41 | €8,051 | €894 | -€7,157 | -88.9% |
| Cash at bank and in hand | 54/58 | €7,360 | €16,794 | +€9,434 | +128.2% |
| Total equity and liabilities | 10/49 | €199,318 | €195,301 | -€4,017 | -2.0% |
| Equity | 10/15 | €100,371 | €140,668 | +€40,296 | +40.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €98,371 | €138,668 | +€40,296 | +41.0% |
| Distributable reserves | 133 | €98,371 | €138,668 | +€40,296 | +41.0% |
| Amounts payable | 17/49 | €98,946 | €54,633 | -€44,313 | -44.8% |
| Amounts payable after more than one year | 17 | €33,468 | €18,195 | -€15,274 | -45.6% |
| Financial debts | 170/4 | €33,468 | €18,195 | -€15,274 | -45.6% |
| Amounts payable within one year | 42/48 | €64,998 | €35,479 | -€29,519 | -45.4% |
| Current portion of amounts payable after more than one year | 42 | €20,364 | €18,909 | -€1,455 | -7.1% |
| Trade debts | 44 | €43,913 | €2,190 | -€41,723 | -95.0% |
| Suppliers | 440/4 | €43,913 | €2,190 | -€41,723 | -95.0% |
| Other amounts payable | 47/48 | €721 | €14,380 | +€13,658 | +1893.4% |
| Accrued charges and deferred income | 492/3 | €480 | €960 | +€480 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,223 | €58,694 | +€21,471 | +57.7% |
| Other operating charges | 640/8 | €420 | €641 | +€221 | +52.6% |
| Gross operating margin | 9900 | €139,919 | €101,975 | -€37,944 | -27.1% |
| Operating profit (loss) | 9901 | €102,277 | €42,640 | -€59,636 | -58.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €3,905 | €2,344 | -€1,561 | -40.0% |
| Recurring financial charges | 65 | €3,905 | €2,344 | -€1,561 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €98,371 | €40,296 | -€58,075 | -59.0% |
| Profit (loss) for the period | 9904 | €98,371 | €40,296 | -€58,075 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €98,371 | €40,296 | -€58,075 | -59.0% |
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 12 October 2026 via checked.be.