Elodie MACQ: 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.
Elodie MACQ
Largest movements
- Tangible fixed assets -€4,245
down €4,245 (-11.0%), from €38,586 to €34,341
of which Furniture and vehicles: -€5,023
- Receivables within one year +€2,808
up €2,808 (+43.6%), from €6,434 to €9,243
of which Other amounts receivable: +€2,361
- Cash +€2,138
up €2,138 (+10.4%), from €20,625 to €22,763
mainly Depreciation (+€9,584) and Other debts (+€6,000)
- Debts after one year -€6,988
down €6,988 (-24.5%), from €28,483 to €21,495
- Other debts +€6,000
new in 2025: €6,000
- Advances received +€2,402
new in 2025: €2,402
- Profit (loss) carried forward -€1,675
down €1,675 (-5.8%), from €28,634 to €26,959
- Tax, wage and social debts +€1,194
up €1,194 (+18.7%), from €6,392 to €7,586
- Gross operating margin -€19,208
down €19,208 (-47.1%), from €40,760 to €21,552
- Staff costs -€4,391
no longer reported in 2025 (was €4,391)
- Depreciation +€2,168
up €2,168 (+29.2%), from €7,415 to €9,584
- Other operating charges -€1,356
down €1,356 (-63.9%), from €2,122 to €767
- Financial charges -€533
down €533 (-25.2%), from €2,112 to €1,580
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 | €77,164 | €77,854 | +€690 | +0.9% |
| Fixed assets | 21/28 | €38,586 | €34,341 | -€4,245 | -11.0% |
| Tangible fixed assets | 22/27 | €38,586 | €34,341 | -€4,245 | -11.0% |
| Furniture and vehicles | 24 | €36,247 | €31,223 | -€5,023 | -13.9% |
| Other tangible fixed assets | 26 | €2,339 | €3,118 | +€779 | +33.3% |
| Current assets | 29/58 | €38,578 | €43,513 | +€4,935 | +12.8% |
| Amounts receivable within one year | 40/41 | €6,434 | €9,243 | +€2,808 | +43.6% |
| Trade receivables | 40 | €2,476 | €2,923 | +€447 | +18.0% |
| Other amounts receivable | 41 | €3,959 | €6,320 | +€2,361 | +59.6% |
| Cash at bank and in hand | 54/58 | €20,625 | €22,763 | +€2,138 | +10.4% |
| Deferred charges and accrued income | 490/1 | €11,519 | €11,507 | -€12 | -0.1% |
| Total equity and liabilities | 10/49 | €77,164 | €77,854 | +€690 | +0.9% |
| Equity | 10/15 | €33,634 | €31,959 | -€1,675 | -5.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,634 | €26,959 | -€1,675 | -5.8% |
| Amounts payable | 17/49 | €43,531 | €45,895 | +€2,365 | +5.4% |
| Amounts payable after more than one year | 17 | €28,483 | €21,495 | -€6,988 | -24.5% |
| Financial debts | 170/4 | €28,483 | €21,495 | -€6,988 | -24.5% |
| Amounts payable within one year | 42/48 | €15,047 | €24,400 | +€9,353 | +62.2% |
| Current portion of amounts payable after more than one year | 42 | €7,898 | €8,188 | +€290 | +3.7% |
| Trade debts | 44 | €758 | €225 | -€533 | -70.4% |
| Suppliers | 440/4 | €758 | €225 | -€533 | -70.4% |
| Advances received on contracts in progress | 46 | - | €2,402 | +€2,402 | |
| Taxes, remuneration and social security | 45 | €6,392 | €7,586 | +€1,194 | +18.7% |
| Taxes | 450/3 | €6,392 | €7,586 | +€1,194 | +18.7% |
| Other amounts payable | 47/48 | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | €4,391 | - | -€4,391 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,415 | €9,584 | +€2,168 | +29.2% |
| Other operating charges | 640/8 | €2,122 | €767 | -€1,356 | -63.9% |
| Gross operating margin | 9900 | €40,760 | €21,552 | -€19,208 | -47.1% |
| Operating profit (loss) | 9901 | €26,830 | €11,202 | -€15,629 | -58.3% |
| Financial income | 75/76B | €407 | €304 | -€103 | -25.4% |
| Recurring financial income | 75 | €407 | €304 | -€103 | -25.4% |
| Financial charges | 65/66B | €2,112 | €1,580 | -€533 | -25.2% |
| Recurring financial charges | 65 | €2,112 | €1,580 | -€533 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €25,125 | €9,926 | -€15,199 | -60.5% |
| Income taxes | 67/77 | €5,392 | €5,601 | +€209 | +3.9% |
| Profit (loss) for the period | 9904 | €19,733 | €4,325 | -€15,408 | -78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,733 | €4,325 | -€15,408 | -78.1% |
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.