MAC G: 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 G
Largest movements
- Receivables within one year -€25,244
down €25,244 (-79.2%), from €31,875 to €6,631
of which Trade receivables: -€25,294
- Tangible fixed assets +€15,648
up €15,648 (+9.3%), from €167,774 to €183,422
of which Furniture and vehicles: +€32,104
- Cash +€10,654
up €10,654 (+466.1%), from €2,286 to €12,940
mainly Other debts (+€43,159) and Depreciation (+€25,359)
- Deferred charges and accrued income -€5,245
down €5,245 (-19.2%), from €27,286 to €22,041
- Other debts +€43,159
up €43,159 (+156.1%), from €27,655 to €70,814
- Trade debts -€28,257
down €28,257 (-62.0%), from €45,580 to €17,323
- Debts after one year -€20,749
down €20,749 (-14.0%), from €148,703 to €127,953
- Profit (loss) carried forward +€4,656
up €4,656 (+10.2%), from -€45,731 to -€41,075
- Tax, wage and social debts -€2,996
down €2,996 (-62.9%), from €4,766 to €1,770
- Gross operating margin +€31,504
up €31,504 (+368.4%), from €8,552 to €40,056
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 | €229,221 | €225,034 | -€4,187 | -1.8% |
| Fixed assets | 21/28 | €167,774 | €183,422 | +€15,648 | +9.3% |
| Tangible fixed assets | 22/27 | €167,774 | €183,422 | +€15,648 | +9.3% |
| Land and buildings | 22 | €15,692 | €5,231 | -€10,462 | -66.7% |
| Plant, machinery and equipment | 23 | €152,082 | €146,087 | -€5,995 | -3.9% |
| Furniture and vehicles | 24 | - | €32,104 | +€32,104 | |
| Current assets | 29/58 | €61,447 | €41,612 | -€19,834 | -32.3% |
| Amounts receivable within one year | 40/41 | €31,875 | €6,631 | -€25,244 | -79.2% |
| Trade receivables | 40 | €31,394 | €6,100 | -€25,294 | -80.6% |
| Other amounts receivable | 41 | €480 | €530 | +€50 | +10.4% |
| Cash at bank and in hand | 54/58 | €2,286 | €12,940 | +€10,654 | +466.1% |
| Deferred charges and accrued income | 490/1 | €27,286 | €22,041 | -€5,245 | -19.2% |
| Total equity and liabilities | 10/49 | €229,221 | €225,034 | -€4,187 | -1.8% |
| Equity | 10/15 | -€18,231 | -€13,575 | +€4,656 | +25.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,731 | -€41,075 | +€4,656 | +10.2% |
| Amounts payable | 17/49 | €247,452 | €238,609 | -€8,843 | -3.6% |
| Amounts payable after more than one year | 17 | €148,703 | €127,953 | -€20,749 | -14.0% |
| Financial debts | 170/4 | €148,703 | €127,953 | -€20,749 | -14.0% |
| Amounts payable within one year | 42/48 | €98,750 | €110,656 | +€11,906 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €20,749 | €20,749 | = | 0.0% |
| Trade debts | 44 | €45,580 | €17,323 | -€28,257 | -62.0% |
| Suppliers | 440/4 | €45,580 | €17,323 | -€28,257 | -62.0% |
| Taxes, remuneration and social security | 45 | €4,766 | €1,770 | -€2,996 | -62.9% |
| Taxes | 450/3 | €4,766 | €1,770 | -€2,996 | -62.9% |
| Other amounts payable | 47/48 | €27,655 | €70,814 | +€43,159 | +156.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,140 | €25,359 | +€218 | +0.9% |
| Other operating charges | 640/8 | €3,007 | €3,346 | +€339 | +11.3% |
| Gross operating margin | 9900 | €8,552 | €40,056 | +€31,504 | +368.4% |
| Operating profit (loss) | 9901 | -€19,596 | €11,351 | +€30,947 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €6,639 | €6,695 | +€57 | +0.9% |
| Recurring financial charges | 65 | €6,639 | €6,695 | +€57 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | -€26,234 | €4,656 | +€30,890 | |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100.0% |
| Profit (loss) for the period | 9904 | -€26,234 | €4,656 | +€30,890 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,234 | €4,656 | +€30,890 |
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 3 October 2026 via checked.be.