MAC'IMMO: 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'IMMO
Largest movements
- Tangible fixed assets +€818,020
up €818,020 (+1072.0%), from €76,309 to €894,329
of which Land and buildings: +€813,060
- Revaluation surpluses +€819,337
new in 2025: €819,337
- Debts after one year -€14,449
down €14,449 (-18.3%), from €78,887 to €64,438
- Profit (loss) carried forward +€12,308
up €12,308 (+62.6%), from -€19,654 to -€7,347
- Current portion of long-term debt -€11,332
down €11,332 (-44.0%), from €25,780 to €14,449
- Gross operating margin +€3,766
up €3,766 (+11.5%), from €32,837 to €36,603
- Financial charges -€1,408
down €1,408 (-24.5%), from €5,738 to €4,330
- Taxes +€827
up €827 (+19.0%), from €4,352 to €5,179
- Depreciation +€744
up €744 (+7.4%), from €10,113 to €10,857
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 | €141,173 | €948,223 | +€807,050 | +571.7% |
| Fixed assets | 21/28 | €76,309 | €894,329 | +€818,020 | +1072.0% |
| Tangible fixed assets | 22/27 | €76,309 | €894,329 | +€818,020 | +1072.0% |
| Land and buildings | 22 | €60,076 | €873,136 | +€813,060 | +1353.4% |
| Plant, machinery and equipment | 23 | €7,123 | €5,457 | -€1,666 | -23.4% |
| Other tangible fixed assets | 26 | €9,110 | €15,737 | +€6,627 | +72.7% |
| Current assets | 29/58 | €64,864 | €53,894 | -€10,970 | -16.9% |
| Amounts receivable within one year | 40/41 | €2,688 | €188 | -€2,500 | -93.0% |
| Trade receivables | 40 | €188 | €188 | = | 0.0% |
| Other amounts receivable | 41 | €2,500 | - | -€2,500 | |
| Cash at bank and in hand | 54/58 | €62,177 | €53,707 | -€8,470 | -13.6% |
| Total equity and liabilities | 10/49 | €141,173 | €948,223 | +€807,050 | +571.7% |
| Equity | 10/15 | €21,120 | €852,765 | +€831,645 | +3937.7% |
| Contributions | 10/11 | €40,192 | €40,192 | = | 0.0% |
| Revaluation surpluses | 12 | - | €819,337 | +€819,337 | |
| Reserves | 13 | €582 | €582 | = | 0.0% |
| Non-distributable reserves | 130/1 | €582 | €582 | = | 0.0% |
| Reserves not available under the articles | 1311 | €582 | €582 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,654 | -€7,347 | +€12,308 | +62.6% |
| Amounts payable | 17/49 | €120,053 | €95,458 | -€24,595 | -20.5% |
| Amounts payable after more than one year | 17 | €78,887 | €64,438 | -€14,449 | -18.3% |
| Financial debts | 170/4 | €78,887 | €64,438 | -€14,449 | -18.3% |
| Amounts payable within one year | 42/48 | €41,166 | €30,637 | -€10,529 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €25,780 | €14,449 | -€11,332 | -44.0% |
| Trade debts | 44 | €188 | - | -€188 | |
| Suppliers | 440/4 | €188 | - | -€188 | |
| Advances received on contracts in progress | 46 | €877 | €877 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,352 | €5,342 | +€990 | +22.8% |
| Taxes | 450/3 | €4,352 | €5,342 | +€990 | +22.8% |
| Other amounts payable | 47/48 | €9,970 | €9,970 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €383 | +€383 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,113 | €10,857 | +€744 | +7.4% |
| Other operating charges | 640/8 | €3,773 | €4,024 | +€251 | +6.6% |
| Gross operating margin | 9900 | €32,837 | €36,603 | +€3,766 | +11.5% |
| Operating profit (loss) | 9901 | €18,950 | €21,722 | +€2,772 | +14.6% |
| Financial income | 75/76B | €97 | €94 | -€3 | -2.7% |
| Recurring financial income | 75 | €97 | €94 | -€3 | -2.7% |
| Financial charges | 65/66B | €5,738 | €4,330 | -€1,408 | -24.5% |
| Recurring financial charges | 65 | €5,738 | €4,330 | -€1,408 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €13,310 | €17,487 | +€4,177 | +31.4% |
| Income taxes | 67/77 | €4,352 | €5,179 | +€827 | +19.0% |
| Profit (loss) for the period | 9904 | €8,958 | €12,308 | +€3,350 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,958 | €12,308 | +€3,350 | +37.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.