MAC IMMOBILIERE: what changed
What changed
MAC IMMOBILIERE
filed annual accounts (NBB)
Net result for the year
€32,032
2024 · -€11,492+€43,524
Equity
€13,283
2024 · -€18,749+€32,032
Cash
€4,065
2024 · €5,290-€1,226
Balance sheet total
€1.2m
2024 · €1.2m-€37,654
Largest movements
Assets
- Tangible fixed assets -€37,378
down €37,378 (-3.0%), from €1.2m to €1.2m
Equity and liabilities
- Debts after one year -€63,553
down €63,553 (-14.4%), from €441,726 to €378,172
- Profit (loss) carried forward +€32,032
up €32,032 (+85.8%), from -€37,349 to -€5,317
Income statement
- Gross operating margin +€38,602
up €38,602 (+72.8%), from €53,025 to €91,626
- Depreciation -€13,333
down €13,333 (-26.3%), from €50,711 to €37,378
- Financial charges +€4,429
up €4,429 (+45.1%), from €9,821 to €14,250
- Other operating charges +€3,982
up €3,982 (+99.9%), from €3,985 to €7,967
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€11,492
Gross operating margin
+€38,602
Depreciation
+€13,333
Other operating charges
-€3,982
Financial charges
-€4,429
Result 2025
€32,032
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€60,650
Investment
€0
Financing
-€61,875
Cash 2024
€5,290
From operations (derived)
+€60,650
Net result for the year
+€32,032
Depreciation
+€37,378
Deferred charges and accrued income
-€950
Other debts
-€9,091
Accrued charges and deferred income
+€1,281
Financing
-€61,875
Debts after one year
-€63,553
Current portion of long-term debt
+€1,678
Cash 2025
€4,065
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,232,931 | €1,195,277 | -€37,654 | -3.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,227,641 | €1,190,262 | -€37,378 | -3.0% |
| Tangible fixed assets | 22/27 | €1,227,641 | €1,190,262 | -€37,378 | -3.0% |
| Land and buildings | 22 | €1,227,641 | €1,190,262 | -€37,378 | -3.0% |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €5,290 | €5,015 | -€276 | -5.2% |
| Cash at bank and in hand | 54/58 | €5,290 | €4,065 | -€1,226 | -23.2% |
| Deferred charges and accrued income | 490/1 | - | €950 | +€950 | |
| Total equity and liabilities | 10/49 | €1,232,931 | €1,195,277 | -€37,654 | -3.1% |
| Equity | 10/15 | -€18,749 | €13,283 | +€32,032 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,349 | -€5,317 | +€32,032 | +85.8% |
| Amounts payable | 17/49 | €1,251,680 | €1,181,995 | -€69,686 | -5.6% |
| Amounts payable after more than one year | 17 | €441,726 | €378,172 | -€63,553 | -14.4% |
| Financial debts | 170/4 | €441,726 | €378,172 | -€63,553 | -14.4% |
| Amounts payable within one year | 42/48 | €807,763 | €800,350 | -€7,413 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €67,101 | €68,779 | +€1,678 | +2.5% |
| Other amounts payable | 47/48 | €740,663 | €731,571 | -€9,091 | -1.2% |
| Accrued charges and deferred income | 492/3 | €2,192 | €3,472 | +€1,281 | +58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,711 | €37,378 | -€13,333 | -26.3% |
| Other operating charges | 640/8 | €3,985 | €7,967 | +€3,982 | +99.9% |
| Gross operating margin | 9900 | €53,025 | €91,626 | +€38,602 | +72.8% |
| Operating profit (loss) | 9901 | -€1,671 | €46,282 | +€47,952 | |
| Financial charges | 65/66B | €9,821 | €14,250 | +€4,429 | +45.1% |
| Recurring financial charges | 65 | €9,821 | €14,250 | +€4,429 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,492 | €32,032 | +€43,524 | |
| Profit (loss) for the period | 9904 | -€11,492 | €32,032 | +€43,524 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,492 | €32,032 | +€43,524 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.