MAC ARTHUR: what changed
Two fiscal 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 ARTHUR
Largest movements
- Financial fixed assets +€50,000
up €50,000 (+181.5%), from €27,553 to €77,553
- Receivables after one year -€42,000
down €42,000 (-99.2%), from €42,350 to €350
- Receivables within one year -€10,101
down €10,101 (-8.5%), from €118,310 to €108,209
of which Trade receivables: -€10,101
- Tangible fixed assets -€5,283
down €5,283 (-3.2%), from €163,053 to €157,770
of which Furniture and vehicles: -€5,130
- Cash -€4,399
down €4,399 (-26.8%), from €16,430 to €12,032
mainly Other debts (-€69,310) and Investment in fixed assets (net) (-€50,000)
- Other debts -€69,310
down €69,310 (-24.6%), from €282,177 to €212,867
- Profit (loss) carried forward +€33,941
up €33,941, from -€33,812 to €129
- Reserves +€18,000
up €18,000 (+967.7%), from €1,860 to €19,860
of which Distributable reserves: +€18,000
- Debts after one year -€13,527
down €13,527 (-22.5%), from €60,082 to €46,556
- Current portion of long-term debt +€11,308
up €11,308 (+83.6%), from €13,520 to €24,828
- Gross operating margin +€37,690
up €37,690 (+72.4%), from €52,065 to €89,755
- Taxes +€22,711
up €22,711 (+2881.5%), from €788 to €23,499
- Other operating charges +€4,057
up €4,057 (+426.7%), from €951 to €5,008
- Financial charges +€1,413
up €1,413 (+54.1%), from €2,611 to €4,024
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.
Cash bridge derived
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 | €367,696 | €357,820 | -€9,876 | -2.7% |
| Fixed assets | 21/28 | €190,605 | €235,322 | +€44,717 | +23.5% |
| Tangible fixed assets | 22/27 | €163,053 | €157,770 | -€5,283 | -3.2% |
| Land and buildings | 22 | €150,400 | €150,400 | = | 0.0% |
| Plant, machinery and equipment | 23 | €216 | €63 | -€153 | -70.9% |
| Furniture and vehicles | 24 | €12,437 | €7,307 | -€5,130 | -41.2% |
| Financial fixed assets | 28 | €27,553 | €77,553 | +€50,000 | +181.5% |
| Current assets | 29/58 | €177,090 | €122,498 | -€54,592 | -30.8% |
| Amounts receivable after more than one year | 29 | €42,350 | €350 | -€42,000 | -99.2% |
| Trade receivables | 290 | €42,350 | €350 | -€42,000 | -99.2% |
| Amounts receivable within one year | 40/41 | €118,310 | €108,209 | -€10,101 | -8.5% |
| Trade receivables | 40 | €76,310 | €66,209 | -€10,101 | -13.2% |
| Other amounts receivable | 41 | €42,000 | €42,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,430 | €12,032 | -€4,399 | -26.8% |
| Deferred charges and accrued income | 490/1 | - | €1,907 | +€1,907 | |
| Total equity and liabilities | 10/49 | €367,696 | €357,820 | -€9,876 | -2.7% |
| Equity | 10/15 | -€13,352 | €38,589 | +€51,941 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €19,860 | +€18,000 | +967.7% |
| 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 | - | €18,000 | +€18,000 | |
| Profit (loss) carried forward | 14 | -€33,812 | €129 | +€33,941 | |
| Amounts payable | 17/49 | €381,047 | €319,231 | -€61,817 | -16.2% |
| Amounts payable after more than one year | 17 | €60,082 | €46,556 | -€13,527 | -22.5% |
| Financial debts | 170/4 | €60,082 | €46,556 | -€13,527 | -22.5% |
| Amounts payable within one year | 42/48 | €320,965 | €272,635 | -€48,330 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €13,520 | €24,828 | +€11,308 | +83.6% |
| Trade debts | 44 | €11,414 | €21,823 | +€10,408 | +91.2% |
| Suppliers | 440/4 | €11,414 | €21,823 | +€10,408 | +91.2% |
| Taxes, remuneration and social security | 45 | €13,854 | €13,116 | -€737 | -5.3% |
| Taxes | 450/3 | €13,854 | €9,591 | -€4,262 | -30.8% |
| Remuneration and social security | 454/9 | - | €3,525 | +€3,525 | |
| Other amounts payable | 47/48 | €282,177 | €212,867 | -€69,310 | -24.6% |
| Accrued charges and deferred income | 492/3 | - | €40 | +€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,861 | €5,283 | -€578 | -9.9% |
| Other operating charges | 640/8 | €951 | €5,008 | +€4,057 | +426.7% |
| Gross operating margin | 9900 | €52,065 | €89,755 | +€37,690 | +72.4% |
| Operating profit (loss) | 9901 | €45,254 | €79,464 | +€34,210 | +75.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,611 | €4,024 | +€1,413 | +54.1% |
| Recurring financial charges | 65 | €2,611 | €4,024 | +€1,413 | +54.1% |
| Profit (loss) for the period before taxes | 9903 | €42,643 | €75,440 | +€32,797 | +76.9% |
| Income taxes | 67/77 | €788 | €23,499 | +€22,711 | +2881.5% |
| Profit (loss) for the period | 9904 | €41,855 | €51,941 | +€10,087 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,855 | €51,941 | +€10,087 | +24.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.