Mac Elec: 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 Elec
Largest movements
- Receivables within one year +€5,057
up €5,057 (+22.9%), from €22,052 to €27,109
of which Trade receivables: +€4,736
- Tangible fixed assets -€3,230
down €3,230 (-25.0%), from €12,922 to €9,691
- Cash -€3,106
down €3,106 (-38.6%), from €8,049 to €4,943
mainly Trade debts (-€18,150) and Current portion of long-term debt (-€7,557)
- Deferred charges and accrued income +€1,362
new in 2025: €1,362
- Trade debts -€18,150
down €18,150 (-40.3%), from €45,059 to €26,909
- Profit (loss) carried forward +€13,798
up €13,798 (+77.9%), from -€17,722 to -€3,924
- Tax, wage and social debts +€10,871
up €10,871 (+225.6%), from €4,818 to €15,688
of which Remuneration and social security: +€11,385
- Current portion of long-term debt -€7,557
down €7,557 (-90.3%), from €8,367 to €811
- Accrued charges and deferred income +€1,063
new in 2025: €1,063
- Staff costs -€59,457
down €59,457 (-68.1%), from €87,367 to €27,909
- Gross operating margin -€22,204
down €22,204 (-28.9%), from €76,729 to €54,524
- Other operating charges +€3,533
up €3,533 (+433.3%), from €815 to €4,349
- Taxes +€2,606
new in 2025: €2,606
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 | €43,023 | €43,105 | +€82 | +0.2% |
| Fixed assets | 21/28 | €12,922 | €9,691 | -€3,230 | -25.0% |
| Tangible fixed assets | 22/27 | €12,922 | €9,691 | -€3,230 | -25.0% |
| Furniture and vehicles | 24 | €12,922 | €9,691 | -€3,230 | -25.0% |
| Current assets | 29/58 | €30,101 | €33,413 | +€3,312 | +11.0% |
| Amounts receivable within one year | 40/41 | €22,052 | €27,109 | +€5,057 | +22.9% |
| Trade receivables | 40 | €7,648 | €12,384 | +€4,736 | +61.9% |
| Other amounts receivable | 41 | €14,403 | €14,725 | +€321 | +2.2% |
| Cash at bank and in hand | 54/58 | €8,049 | €4,943 | -€3,106 | -38.6% |
| Deferred charges and accrued income | 490/1 | - | €1,362 | +€1,362 | |
| Total equity and liabilities | 10/49 | €43,023 | €43,105 | +€82 | +0.2% |
| Equity | 10/15 | -€15,222 | -€1,424 | +€13,798 | +90.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,722 | -€3,924 | +€13,798 | +77.9% |
| Amounts payable | 17/49 | €58,244 | €44,528 | -€13,716 | -23.5% |
| Amounts payable within one year | 42/48 | €58,244 | €43,465 | -€14,779 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €8,367 | €811 | -€7,557 | -90.3% |
| Trade debts | 44 | €45,059 | €26,909 | -€18,150 | -40.3% |
| Suppliers | 440/4 | €45,059 | €26,909 | -€18,150 | -40.3% |
| Taxes, remuneration and social security | 45 | €4,818 | €15,688 | +€10,871 | +225.6% |
| Taxes | 450/3 | €3,331 | €2,817 | -€515 | -15.4% |
| Remuneration and social security | 454/9 | €1,486 | €12,872 | +€11,385 | +765.9% |
| Other amounts payable | 47/48 | - | €57 | +€57 | |
| Accrued charges and deferred income | 492/3 | - | €1,063 | +€1,063 | |
| Remuneration, social security and pensions | 62 | €87,367 | €27,909 | -€59,457 | -68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,230 | €3,230 | = | 0.0% |
| Other operating charges | 640/8 | €815 | €4,349 | +€3,533 | +433.3% |
| Non-recurring operating charges | 66A | - | €317 | +€317 | |
| Gross operating margin | 9900 | €76,729 | €54,524 | -€22,204 | -28.9% |
| Operating profit (loss) | 9901 | -€14,684 | €18,719 | +€33,403 | |
| Financial income | 75/76B | €134 | €310 | +€175 | +130.7% |
| Recurring financial income | 75 | €134 | €310 | +€175 | +130.7% |
| Financial charges | 65/66B | €3,172 | €2,625 | -€547 | -17.2% |
| Recurring financial charges | 65 | €2,054 | €2,625 | +€570 | +27.8% |
| Non-recurring financial charges | 66B | €1,117 | - | -€1,117 | |
| Profit (loss) for the period before taxes | 9903 | -€17,722 | €16,404 | +€34,126 | |
| Income taxes | 67/77 | - | €2,606 | +€2,606 | |
| Profit (loss) for the period | 9904 | -€17,722 | €13,798 | +€31,520 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,722 | €13,798 | +€31,520 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.