M.A.C. Management: 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.
M.A.C. Management
Largest movements
- Receivables within one year +€52,672
up €52,672 (+1,329%), from €3,964 to €56,636
of which Trade receivables: +€52,604
- Cash +€9,936
up €9,936 (+46.0%), from €21,589 to €31,525
mainly Net result for the year (+€42,297) and Tax, wage and social debts (+€17,595)
- Reserves +€42,297
up €42,297 (+2,274%), from €1,860 to €44,157
of which Distributable reserves: +€42,297
- Tax, wage and social debts +€17,595
up €17,595 (+231%), from €7,601 to €25,196
- Trade debts +€2,259
up €2,259 (+585%), from €386 to €2,645
- Gross operating margin +€52,189
up €52,189 (+1,885%), from €2,768 to €54,957
- Taxes +€10,800
up €10,800 (+1,800%), from €600 to €11,400
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 | €28,800 | €91,437 | +€62,637 | +217% |
| Fixed assets | 21/28 | €656 | €451 | -€205 | -31.2% |
| Tangible fixed assets | 22/27 | €586 | €382 | -€205 | -34.9% |
| Furniture and vehicles | 24 | €586 | €382 | -€205 | -34.9% |
| Financial fixed assets | 28 | €69 | €69 | = | 0.0% |
| Current assets | 29/58 | €28,144 | €90,986 | +€62,842 | +223% |
| Amounts receivable within one year | 40/41 | €3,964 | €56,636 | +€52,672 | +1,329% |
| Trade receivables | 40 | €3,964 | €56,568 | +€52,604 | +1,327% |
| Other amounts receivable | 41 | - | €69 | +€69 | |
| Cash at bank and in hand | 54/58 | €21,589 | €31,525 | +€9,936 | +46.0% |
| Deferred charges and accrued income | 490/1 | €2,592 | €2,826 | +€234 | +9.0% |
| Total equity and liabilities | 10/49 | €28,800 | €91,437 | +€62,637 | +217% |
| Equity | 10/15 | €20,813 | €63,110 | +€42,297 | +203% |
| Contributions | 10/11 | €6,510 | €6,510 | = | 0.0% |
| Reserves | 13 | €1,860 | €44,157 | +€42,297 | +2,274% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €42,297 | +€42,297 | |
| Profit (loss) carried forward | 14 | €12,443 | €12,443 | = | 0.0% |
| Amounts payable | 17/49 | €7,987 | €28,327 | +€20,340 | +255% |
| Amounts payable within one year | 42/48 | €7,987 | €27,857 | +€19,870 | +249% |
| Trade debts | 44 | €386 | €2,645 | +€2,259 | +585% |
| Suppliers | 440/4 | €386 | €2,645 | +€2,259 | +585% |
| Taxes, remuneration and social security | 45 | €7,601 | €25,196 | +€17,595 | +231% |
| Taxes | 450/3 | €7,601 | €25,196 | +€17,595 | +231% |
| Other amounts payable | 47/48 | - | €16 | +€16 | |
| Accrued charges and deferred income | 492/3 | - | €470 | +€470 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28 | €205 | +€177 | +630% |
| Other operating charges | 640/8 | €1,003 | €928 | -€75 | -7.5% |
| Gross operating margin | 9900 | €2,768 | €54,957 | +€52,189 | +1,885% |
| Operating profit (loss) | 9901 | €1,737 | €53,824 | +€52,087 | +2,999% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €122 | €127 | +€5 | +4.3% |
| Recurring financial charges | 65 | €122 | €127 | +€5 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €1,615 | €53,697 | +€52,082 | +3,225% |
| Income taxes | 67/77 | €600 | €11,400 | +€10,800 | +1,800% |
| Profit (loss) for the period | 9904 | €1,015 | €42,297 | +€41,283 | +4,068% |
| Profit (loss) for the period to be appropriated | 9905 | €1,015 | €42,297 | +€41,283 | +4,068% |
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 31 October 2026 via checked.be.