MAACK Invest: 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.
MAACK Invest
Largest movements
- Stocks and contracts -€406,508
down €406,508 (-100%), from €406,508 to €0
- Cash +€20,512
up €20,512 (+1,024%), from €2,004 to €22,516
mainly Stocks and contracts (+€406,508) and Debts after one year (+€86,743)
- Receivables within one year -€12,788
down €12,788 (-100%), from €12,788 to €0
of which Trade receivables: -€12,570
- Current portion of long-term debt -€257,795
down €257,795 (-98.9%), from €260,748 to €2,953
- Other debts -€213,796
down €213,796 (-75.6%), from €282,625 to €68,829
- Debts after one year +€86,743
up €86,743 (+53.9%), from €160,845 to €247,588
- Trade debts -€13,131
down €13,131 (-99.3%), from €13,226 to €96
- Gross operating margin +€52,609
up €52,609, from -€25,555 to €27,054
- Financial charges -€8,988
down €8,988 (-29.0%), from €31,021 to €22,033
- Depreciation +€492
up €492 (+10.2%), from €4,803 to €5,296
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 | €606,239 | €207,160 | -€399,079 | -65.8% |
| Fixed assets | 21/28 | €184,940 | €184,644 | -€296 | -0.2% |
| Tangible fixed assets | 22/27 | €184,940 | €179,644 | -€5,296 | -2.9% |
| Land and buildings | 22 | €181,854 | €177,263 | -€4,591 | -2.5% |
| Plant, machinery and equipment | 23 | €1,849 | €1,429 | -€419 | -22.7% |
| Furniture and vehicles | 24 | €1,237 | €952 | -€285 | -23.0% |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €421,299 | €22,516 | -€398,784 | -94.7% |
| Stocks and contracts in progress | 3 | €406,508 | €0 | -€406,508 | -100% |
| Stocks | 30/36 | €406,508 | €0 | -€406,508 | -100% |
| Amounts receivable within one year | 40/41 | €12,788 | €0 | -€12,788 | -100% |
| Trade receivables | 40 | €12,570 | €0 | -€12,570 | -100% |
| Other amounts receivable | 41 | €218 | €0 | -€218 | -100% |
| Cash at bank and in hand | 54/58 | €2,004 | €22,516 | +€20,512 | +1,024% |
| Total equity and liabilities | 10/49 | €606,239 | €207,160 | -€399,079 | -65.8% |
| Equity | 10/15 | -€111,205 | -€113,775 | -€2,570 | -2.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,705 | -€116,275 | -€2,570 | -2.3% |
| Amounts payable | 17/49 | €717,445 | €320,936 | -€396,509 | -55.3% |
| Amounts payable after more than one year | 17 | €160,845 | €247,588 | +€86,743 | +53.9% |
| Financial debts | 170/4 | €160,845 | €247,588 | +€86,743 | +53.9% |
| Amounts payable within one year | 42/48 | €556,599 | €72,931 | -€483,668 | -86.9% |
| Current portion of amounts payable after more than one year | 42 | €260,748 | €2,953 | -€257,795 | -98.9% |
| Trade debts | 44 | €13,226 | €96 | -€13,131 | -99.3% |
| Suppliers | 440/4 | €13,226 | €96 | -€13,131 | -99.3% |
| Taxes, remuneration and social security | 45 | - | €1,054 | +€1,054 | |
| Taxes | 450/3 | - | €1,054 | +€1,054 | |
| Other amounts payable | 47/48 | €282,625 | €68,829 | -€213,796 | -75.6% |
| Accrued charges and deferred income | 492/3 | - | €417 | +€417 | |
| Non-recurring operating income | 76A | - | €33,629 | +€33,629 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,803 | €5,296 | +€492 | +10.2% |
| Other operating charges | 640/8 | €2,143 | €2,299 | +€156 | +7.3% |
| Gross operating margin | 9900 | -€25,555 | €27,054 | +€52,609 | |
| Operating profit (loss) | 9901 | -€32,501 | €19,460 | +€51,961 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €31,021 | €22,033 | -€8,988 | -29.0% |
| Recurring financial charges | 65 | €31,021 | €22,033 | -€8,988 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | -€63,522 | -€2,570 | +€60,952 | +96.0% |
| Profit (loss) for the period | 9904 | -€63,522 | -€2,570 | +€60,952 | +96.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,522 | -€2,570 | +€60,952 | +96.0% |
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 28 October 2026 via checked.be.