MAC AND FREEZE: 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.
MAC AND FREEZE
Largest movements
- Receivables within one year +€11,049
up €11,049 (+80.9%), from €13,664 to €24,713
of which Trade receivables: +€11,049
- Tangible fixed assets +€1,160
up €1,160 (+63.7%), from €1,820 to €2,980
- Cash -€1,026
down €1,026 (-3.3%), from €30,973 to €29,947
mainly Receivables within one year (-€11,049) and Investment in fixed assets (net) (-€2,299)
- Tax, wage and social debts +€4,160
up €4,160 (+15.8%), from €26,359 to €30,519
of which Remuneration and social security: +€3,756
- Other debts +€2,928
up €2,928 (+50.9%), from €5,752 to €8,680
- Trade debts +€2,691
up €2,691 (+227%), from €1,184 to €3,874
- Reserves +€1,220
up €1,220 (+9.6%), from €12,663 to €13,883
- Staff costs +€26,761
up €26,761 (+127%), from €21,052 to €47,814
- Gross operating margin +€18,101
up €18,101 (+47.8%), from €37,871 to €55,972
- Taxes -€753
down €753 (-21.0%), from €3,586 to €2,833
- Depreciation +€721
up €721 (+172%), from €418 to €1,139
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 | €47,958 | €58,956 | +€10,999 | +22.9% |
| Fixed assets | 21/28 | €1,820 | €2,980 | +€1,160 | +63.7% |
| Tangible fixed assets | 22/27 | €1,820 | €2,980 | +€1,160 | +63.7% |
| Plant, machinery and equipment | 23 | €1,820 | €2,980 | +€1,160 | +63.7% |
| Current assets | 29/58 | €46,137 | €55,976 | +€9,838 | +21.3% |
| Amounts receivable within one year | 40/41 | €13,664 | €24,713 | +€11,049 | +80.9% |
| Trade receivables | 40 | €12,281 | €23,330 | +€11,049 | +90.0% |
| Other amounts receivable | 41 | €1,383 | €1,383 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,973 | €29,947 | -€1,026 | -3.3% |
| Deferred charges and accrued income | 490/1 | €1,500 | €1,316 | -€184 | -12.3% |
| Total equity and liabilities | 10/49 | €47,958 | €58,956 | +€10,999 | +22.9% |
| Equity | 10/15 | €14,663 | €15,883 | +€1,220 | +8.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,663 | €13,883 | +€1,220 | +9.6% |
| Distributable reserves | 133 | €12,663 | €13,883 | +€1,220 | +9.6% |
| Amounts payable | 17/49 | €33,295 | €43,073 | +€9,779 | +29.4% |
| Amounts payable within one year | 42/48 | €33,295 | €43,073 | +€9,779 | +29.4% |
| Trade debts | 44 | €1,184 | €3,874 | +€2,691 | +227% |
| Suppliers | 440/4 | €1,184 | €3,874 | +€2,691 | +227% |
| Taxes, remuneration and social security | 45 | €26,359 | €30,519 | +€4,160 | +15.8% |
| Taxes | 450/3 | €13,800 | €14,205 | +€404 | +2.9% |
| Remuneration and social security | 454/9 | €12,558 | €16,314 | +€3,756 | +29.9% |
| Other amounts payable | 47/48 | €5,752 | €8,680 | +€2,928 | +50.9% |
| Non-recurring operating income | 76A | - | €8,144 | +€8,144 | |
| Remuneration, social security and pensions | 62 | €21,052 | €47,814 | +€26,761 | +127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €418 | €1,139 | +€721 | +172% |
| Other operating charges | 640/8 | €784 | €703 | -€82 | -10.4% |
| Gross operating margin | 9900 | €37,871 | €55,972 | +€18,101 | +47.8% |
| Operating profit (loss) | 9901 | €15,617 | €6,317 | -€9,300 | -59.5% |
| Financial income | 75/76B | €5 | €18 | +€13 | +243% |
| Recurring financial income | 75 | €5 | €18 | +€13 | +243% |
| Non-recurring financial income | 76B | €5 | €18 | +€13 | +243% |
| Financial charges | 65/66B | €2,203 | €2,282 | +€79 | +3.6% |
| Recurring financial charges | 65 | €2,203 | €2,282 | +€79 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €13,419 | €4,053 | -€9,366 | -69.8% |
| Income taxes | 67/77 | €3,586 | €2,833 | -€753 | -21.0% |
| Profit (loss) for the period | 9904 | €9,832 | €1,220 | -€8,612 | -87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,832 | €1,220 | -€8,612 | -87.6% |
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.