Mac Grinding: 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 Grinding
Largest movements
- Receivables within one year +€107,736
up €107,736 (+2312.3%), from €4,659 to €112,396
of which Trade receivables: +€107,495
- Cash +€35,461
up €35,461 (+278.6%), from €12,728 to €48,189
mainly Trade debts (+€105,415) and Net result for the year (+€22,476)
- Tangible fixed assets -€5,109
down €5,109 (-36.4%), from €14,049 to €8,940
- Trade debts +€105,415
up €105,415 (+6286.0%), from €1,677 to €107,092
- Reserves +€17,580
new in 2025: €17,580
- Tax, wage and social debts +€7,875
up €7,875 (+70.9%), from €11,104 to €18,979
of which Taxes: +€7,874
- Other debts +€6,223
up €6,223 (+135.0%), from €4,611 to €10,833
- Profit (loss) carried forward +€4,896
no longer reported in 2025 (was -€4,896)
- Gross operating margin +€25,902
up €25,902 (+221.5%), from €11,692 to €37,594
- Taxes +€5,895
up €5,895 (+292.2%), from €2,018 to €7,912
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 | €31,436 | €169,525 | +€138,089 | +439.3% |
| Fixed assets | 21/28 | €14,049 | €8,940 | -€5,109 | -36.4% |
| Tangible fixed assets | 22/27 | €14,049 | €8,940 | -€5,109 | -36.4% |
| Leasing and similar rights | 25 | €14,049 | €8,940 | -€5,109 | -36.4% |
| Current assets | 29/58 | €17,387 | €160,585 | +€143,198 | +823.6% |
| Amounts receivable within one year | 40/41 | €4,659 | €112,396 | +€107,736 | +2312.3% |
| Trade receivables | 40 | €4,366 | €111,861 | +€107,495 | +2462.3% |
| Other amounts receivable | 41 | €294 | €535 | +€241 | +82.1% |
| Cash at bank and in hand | 54/58 | €12,728 | €48,189 | +€35,461 | +278.6% |
| Total equity and liabilities | 10/49 | €31,436 | €169,525 | +€138,089 | +439.3% |
| Equity | 10/15 | €104 | €22,580 | +€22,476 | +21613.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €17,580 | +€17,580 | |
| Distributable reserves | 133 | - | €17,580 | +€17,580 | |
| Profit (loss) carried forward | 14 | -€4,896 | - | +€4,896 | |
| Amounts payable | 17/49 | €31,332 | €146,945 | +€115,613 | +369.0% |
| Amounts payable after more than one year | 17 | €10,041 | €5,871 | -€4,170 | -41.5% |
| Financial debts | 170/4 | €10,041 | €5,871 | -€4,170 | -41.5% |
| Amounts payable within one year | 42/48 | €21,291 | €141,074 | +€119,783 | +562.6% |
| Current portion of amounts payable after more than one year | 42 | €3,899 | €4,170 | +€271 | +6.9% |
| Trade debts | 44 | €1,677 | €107,092 | +€105,415 | +6286.0% |
| Suppliers | 440/4 | €1,677 | €107,092 | +€105,415 | +6286.0% |
| Taxes, remuneration and social security | 45 | €11,104 | €18,979 | +€7,875 | +70.9% |
| Taxes | 450/3 | €2,298 | €10,172 | +€7,874 | +342.6% |
| Remuneration and social security | 454/9 | €8,806 | €8,807 | +€1 | 0.0% |
| Other amounts payable | 47/48 | €4,611 | €10,833 | +€6,223 | +135.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,109 | €5,109 | = | 0.0% |
| Other operating charges | 640/8 | €1,094 | €978 | -€116 | -10.6% |
| Gross operating margin | 9900 | €11,692 | €37,594 | +€25,902 | +221.5% |
| Operating profit (loss) | 9901 | €5,489 | €31,506 | +€26,018 | +474.0% |
| Financial charges | 65/66B | €1,280 | €1,118 | -€162 | -12.6% |
| Recurring financial charges | 65 | €1,280 | €1,118 | -€162 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €4,209 | €30,388 | +€26,179 | +622.0% |
| Income taxes | 67/77 | €2,018 | €7,912 | +€5,895 | +292.2% |
| Profit (loss) for the period | 9904 | €2,191 | €22,476 | +€20,285 | +925.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,191 | €22,476 | +€20,285 | +925.7% |
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.