Mac GM: 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 GM
Largest movements
- Cash +€67,699
up €67,699 (+101.0%), from €67,022 to €134,721
mainly Net result for the year (+€76,702) and Current investments (+€58,160)
- Current investments -€58,160
down €58,160 (-85.3%), from €68,160 to €10,000
- Receivables within one year +€16,819
up €16,819 (+28.6%), from €58,832 to €75,652
of which Trade receivables: +€17,305
- Other debts +€23,166
up €23,166 (+13.5%), from €171,380 to €194,545
- Tax, wage and social debts +€2,298
up €2,298 (+9.9%), from €23,329 to €25,627
of which Taxes: +€4,338
- Financial income +€12,123
up €12,123 (+4975.7%), from €244 to €12,366
- Gross operating margin +€1,697
up €1,697 (+2.0%), from €82,891 to €84,588
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 | €201,367 | €226,343 | +€24,976 | +12.4% |
| Fixed assets | 21/28 | €7,051 | €5,572 | -€1,479 | -21.0% |
| Tangible fixed assets | 22/27 | €7,051 | €5,572 | -€1,479 | -21.0% |
| Plant, machinery and equipment | 23 | €460 | €75 | -€385 | -83.7% |
| Furniture and vehicles | 24 | €80 | - | -€80 | |
| Other tangible fixed assets | 26 | €6,511 | €5,497 | -€1,013 | -15.6% |
| Current assets | 29/58 | €194,316 | €220,770 | +€26,455 | +13.6% |
| Amounts receivable within one year | 40/41 | €58,832 | €75,652 | +€16,819 | +28.6% |
| Trade receivables | 40 | €56,822 | €74,128 | +€17,305 | +30.5% |
| Other amounts receivable | 41 | €2,010 | €1,524 | -€486 | -24.2% |
| Current investments | 50/53 | €68,160 | €10,000 | -€58,160 | -85.3% |
| Cash at bank and in hand | 54/58 | €67,022 | €134,721 | +€67,699 | +101.0% |
| Deferred charges and accrued income | 490/1 | €301 | €398 | +€96 | +32.0% |
| Total equity and liabilities | 10/49 | €201,367 | €226,343 | +€24,976 | +12.4% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €200,367 | €225,343 | +€24,976 | +12.5% |
| Amounts payable within one year | 42/48 | €200,367 | €225,343 | +€24,976 | +12.5% |
| Trade debts | 44 | €5,659 | €5,171 | -€488 | -8.6% |
| Suppliers | 440/4 | €5,659 | €5,171 | -€488 | -8.6% |
| Taxes, remuneration and social security | 45 | €23,329 | €25,627 | +€2,298 | +9.9% |
| Taxes | 450/3 | €21,289 | €25,627 | +€4,338 | +20.4% |
| Remuneration and social security | 454/9 | €2,040 | - | -€2,040 | |
| Other amounts payable | 47/48 | €171,380 | €194,545 | +€23,166 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,583 | €1,479 | -€104 | -6.6% |
| Other operating charges | 640/8 | €890 | €400 | -€490 | -55.1% |
| Gross operating margin | 9900 | €82,891 | €84,588 | +€1,697 | +2.0% |
| Operating profit (loss) | 9901 | €80,418 | €82,709 | +€2,291 | +2.8% |
| Financial income | 75/76B | €244 | €12,366 | +€12,123 | +4975.7% |
| Recurring financial income | 75 | €244 | €12,366 | +€12,123 | +4975.7% |
| Financial charges | 65/66B | €164 | €65 | -€99 | -60.5% |
| Recurring financial charges | 65 | €164 | €65 | -€99 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €80,497 | €95,010 | +€14,514 | +18.0% |
| Income taxes | 67/77 | €17,544 | €18,309 | +€764 | +4.4% |
| Profit (loss) for the period | 9904 | €62,952 | €76,702 | +€13,749 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,952 | €76,702 | +€13,749 | +21.8% |
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 4 October 2026 via checked.be.