DE MACOTE: 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.
DE MACOTE
Largest movements
- Receivables after one year -€53,057
down €53,057 (-45.7%), from €116,057 to €63,000
- Cash +€50,907
up €50,907 (+285%), from €17,850 to €68,757
mainly Net result for the year (+€64,916) and Receivables after one year (+€53,057)
- Stocks and contracts +€7,549
up €7,549 (+36.1%), from €20,892 to €28,441
- Trade debts -€22,642
down €22,642 (-47.3%), from €47,912 to €25,270
- Short-term financial debts +€18,184
new in 2025: €18,184
- Reserves +€15,023
up €15,023 (+13.8%), from €108,955 to €123,979
of which Distributable reserves: +€16,602
- Debts after one year -€8,614
down €8,614 (-82.9%), from €10,387 to €1,774
- Tax, wage and social debts +€3,981
up €3,981 (+24.3%), from €16,361 to €20,342
of which Taxes: +€4,121
- Staff costs -€30,022
down €30,022 (-94.4%), from €31,818 to €1,796
- Taxes +€19,012
up €19,012 (+149%), from €12,752 to €31,764
- Gross operating margin +€5,601
up €5,601 (+5.5%), from €101,453 to €107,055
- Financial charges -€3,849
down €3,849 (-70.7%), from €5,441 to €1,592
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 | €219,791 | €224,929 | +€5,138 | +2.3% |
| Fixed assets | 21/28 | €57,755 | €57,405 | -€350 | -0.6% |
| Tangible fixed assets | 22/27 | €55,355 | €55,005 | -€350 | -0.6% |
| Land and buildings | 22 | €35,355 | €33,450 | -€1,905 | -5.4% |
| Plant, machinery and equipment | 23 | €1,000 | €1,000 | = | 0.0% |
| Furniture and vehicles | 24 | €2,148 | €240 | -€1,908 | -88.8% |
| Other tangible fixed assets | 26 | €16,852 | €20,315 | +€3,463 | +20.6% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €162,036 | €167,523 | +€5,488 | +3.4% |
| Amounts receivable after more than one year | 29 | €116,057 | €63,000 | -€53,057 | -45.7% |
| Other amounts receivable | 291 | €116,057 | €63,000 | -€53,057 | -45.7% |
| Stocks and contracts in progress | 3 | €20,892 | €28,441 | +€7,549 | +36.1% |
| Stocks | 30/36 | €20,892 | €28,441 | +€7,549 | +36.1% |
| Amounts receivable within one year | 40/41 | €6,665 | €4,614 | -€2,051 | -30.8% |
| Other amounts receivable | 41 | €6,665 | €4,614 | -€2,051 | -30.8% |
| Cash at bank and in hand | 54/58 | €17,850 | €68,757 | +€50,907 | +285% |
| Deferred charges and accrued income | 490/1 | €573 | €2,712 | +€2,139 | +373% |
| Total equity and liabilities | 10/49 | €219,791 | €224,929 | +€5,138 | +2.3% |
| Equity | 10/15 | €127,555 | €142,579 | +€15,023 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,955 | €123,979 | +€15,023 | +13.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,390 | €10,812 | -€1,579 | -12.7% |
| Distributable reserves | 133 | €94,705 | €111,307 | +€16,602 | +17.5% |
| Provisions and deferred taxes | 16 | €1,813 | €1,000 | -€813 | -44.8% |
| Deferred taxes | 168 | €1,813 | €1,000 | -€813 | -44.8% |
| Amounts payable | 17/49 | €90,422 | €81,350 | -€9,072 | -10.0% |
| Amounts payable after more than one year | 17 | €10,387 | €1,774 | -€8,614 | -82.9% |
| Financial debts | 170/4 | €10,387 | €1,774 | -€8,614 | -82.9% |
| Amounts payable within one year | 42/48 | €79,271 | €79,062 | -€209 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €10,280 | €10,501 | +€221 | +2.1% |
| Financial debts | 43 | - | €18,184 | +€18,184 | |
| Credit institutions | 430/8 | - | €18,184 | +€18,184 | |
| Trade debts | 44 | €47,912 | €25,270 | -€22,642 | -47.3% |
| Suppliers | 440/4 | €47,912 | €25,270 | -€22,642 | -47.3% |
| Taxes, remuneration and social security | 45 | €16,361 | €20,342 | +€3,981 | +24.3% |
| Taxes | 450/3 | €16,221 | €20,342 | +€4,121 | +25.4% |
| Remuneration and social security | 454/9 | €140 | - | -€140 | |
| Other amounts payable | 47/48 | €4,718 | €4,765 | +€47 | +1.0% |
| Accrued charges and deferred income | 492/3 | €764 | €514 | -€250 | -32.7% |
| Remuneration, social security and pensions | 62 | €31,818 | €1,796 | -€30,022 | -94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,552 | €6,806 | -€746 | -9.9% |
| Other operating charges | 640/8 | €3,079 | €3,283 | +€204 | +6.6% |
| Gross operating margin | 9900 | €101,453 | €107,055 | +€5,601 | +5.5% |
| Operating profit (loss) | 9901 | €59,005 | €95,170 | +€36,165 | +61.3% |
| Financial income | 75/76B | €3,325 | €2,289 | -€1,035 | -31.1% |
| Recurring financial income | 75 | €3,325 | €2,289 | -€1,035 | -31.1% |
| Financial charges | 65/66B | €5,441 | €1,592 | -€3,849 | -70.7% |
| Recurring financial charges | 65 | €5,441 | €1,592 | -€3,849 | -70.7% |
| Profit (loss) for the period before taxes | 9903 | €56,888 | €95,867 | +€38,979 | +68.5% |
| Transfer from deferred taxes | 780 | €813 | €813 | = | 0.0% |
| Income taxes | 67/77 | €12,752 | €31,764 | +€19,012 | +149% |
| Profit (loss) for the period | 9904 | €44,949 | €64,916 | +€19,967 | +44.4% |
| Transfer from tax-exempt reserves | 789 | €1,579 | €1,579 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,528 | €66,495 | +€19,967 | +42.9% |
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 15 October 2026 via checked.be.