MAC.C: 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.C
Largest movements
- Deferred charges and accrued income -€6,116
down €6,116 (-65.7%), from €9,302 to €3,186
- Stocks and contracts +€5,159
up €5,159 (+48.5%), from €10,645 to €15,804
- Tangible fixed assets -€2,447
down €2,447 (-23.7%), from €10,314 to €7,867
of which Furniture and vehicles: -€1,230
- Receivables within one year +€2,113
up €2,113 (+89.6%), from €2,358 to €4,471
of which Trade receivables: +€2,113
- Cash -€1,788
down €1,788 (-11.6%), from €15,359 to €13,571
mainly Stocks and contracts (-€5,159) and Accrued charges and deferred income (-€3,361)
- Advances received +€5,251
new in 2025: €5,251
- Accrued charges and deferred income -€3,361
no longer reported in 2025 (was €3,361)
- Trade debts -€2,778
down €2,778 (-28.5%), from €9,751 to €6,973
- Profit (loss) carried forward -€2,690
down €2,690 (-27.7%), from €9,711 to €7,020
- Other debts +€558
up €558 (+60.5%), from €923 to €1,481
- Gross operating margin -€6,414
down €6,414 (-80.9%), from €7,925 to €1,511
- Depreciation -€4,646
down €4,646 (-65.5%), from €7,093 to €2,447
- Taxes -€630
down €630 (-56.3%), from €1,119 to €489
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 | €47,978 | €44,899 | -€3,079 | -6.4% |
| Fixed assets | 21/28 | €10,314 | €7,867 | -€2,447 | -23.7% |
| Tangible fixed assets | 22/27 | €10,314 | €7,867 | -€2,447 | -23.7% |
| Plant, machinery and equipment | 23 | €3,733 | €2,516 | -€1,217 | -32.6% |
| Furniture and vehicles | 24 | €6,581 | €5,351 | -€1,230 | -18.7% |
| Current assets | 29/58 | €37,664 | €37,032 | -€632 | -1.7% |
| Stocks and contracts in progress | 3 | €10,645 | €15,804 | +€5,159 | +48.5% |
| Stocks | 30/36 | €10,645 | €15,804 | +€5,159 | +48.5% |
| Amounts receivable within one year | 40/41 | €2,358 | €4,471 | +€2,113 | +89.6% |
| Trade receivables | 40 | €2,283 | €4,397 | +€2,113 | +92.5% |
| Other amounts receivable | 41 | €74 | €74 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,359 | €13,571 | -€1,788 | -11.6% |
| Deferred charges and accrued income | 490/1 | €9,302 | €3,186 | -€6,116 | -65.7% |
| Total equity and liabilities | 10/49 | €47,978 | €44,899 | -€3,079 | -6.4% |
| Equity | 10/15 | €30,116 | €27,425 | -€2,690 | -8.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,550 | +€18,550 | |
| Share premium | 1100/10 | - | €18,550 | +€18,550 | |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,711 | €7,020 | -€2,690 | -27.7% |
| Amounts payable | 17/49 | €17,862 | €17,474 | -€389 | -2.2% |
| Amounts payable within one year | 42/48 | €14,502 | €17,474 | +€2,972 | +20.5% |
| Trade debts | 44 | €9,751 | €6,973 | -€2,778 | -28.5% |
| Suppliers | 440/4 | €9,751 | €6,973 | -€2,778 | -28.5% |
| Advances received on contracts in progress | 46 | - | €5,251 | +€5,251 | |
| Taxes, remuneration and social security | 45 | €3,828 | €3,769 | -€59 | -1.6% |
| Taxes | 450/3 | €3,828 | €3,769 | -€59 | -1.6% |
| Other amounts payable | 47/48 | €923 | €1,481 | +€558 | +60.5% |
| Accrued charges and deferred income | 492/3 | €3,361 | - | -€3,361 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,093 | €2,447 | -€4,646 | -65.5% |
| Other operating charges | 640/8 | €1,208 | €1,182 | -€26 | -2.1% |
| Gross operating margin | 9900 | €7,925 | €1,511 | -€6,414 | -80.9% |
| Operating profit (loss) | 9901 | -€376 | -€2,118 | -€1,743 | -463.5% |
| Financial income | 75/76B | €6 | €30 | +€24 | +401.8% |
| Recurring financial income | 75 | €6 | €30 | +€24 | +401.8% |
| Financial charges | 65/66B | €45 | €113 | +€68 | +152.9% |
| Recurring financial charges | 65 | €45 | €113 | +€68 | +152.9% |
| Profit (loss) for the period before taxes | 9903 | -€415 | -€2,201 | -€1,787 | -430.9% |
| Income taxes | 67/77 | €1,119 | €489 | -€630 | -56.3% |
| Profit (loss) for the period | 9904 | -€1,533 | -€2,690 | -€1,157 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,533 | -€2,690 | -€1,157 | -75.5% |
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 9 October 2026 via checked.be.