MAC INDUSTRIAL: 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 INDUSTRIAL
Largest movements
- Receivables within one year -€87,945
down €87,945 (-11.9%), from €737,242 to €649,296
of which Trade receivables: -€78,233
- Cash +€48,460
up €48,460 (+18.0%), from €269,337 to €317,797
mainly Net result for the year (+€97,754) and Receivables within one year (+€87,945)
- Reserves +€97,754
up €97,754 (+15.1%), from €646,908 to €744,662
- Tax, wage and social debts -€37,349
down €37,349 (-23.9%), from €156,528 to €119,179
of which Taxes: -€20,080
- Debts after one year -€33,758
down €33,758 (-13.9%), from €243,009 to €209,251
- Current portion of long-term debt -€31,471
down €31,471 (-20.0%), from €157,354 to €125,883
- Gross operating margin -€127,778
down €127,778 (-10.8%), from €1.2m to €1.1m
- Taxes -€46,621
down €46,621 (-48.9%), from €95,340 to €48,719
- Financial charges -€14,533
down €14,533 (-50.5%), from €28,762 to €14,229
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,481,574 | €1,454,045 | -€27,529 | -1.9% |
| Fixed assets | 21/28 | €444,404 | €459,851 | +€15,447 | +3.5% |
| Intangible fixed assets | 21 | - | €7,704 | +€7,704 | |
| Tangible fixed assets | 22/27 | €437,904 | €445,648 | +€7,744 | +1.8% |
| Land and buildings | 22 | €336,109 | €317,466 | -€18,643 | -5.5% |
| Plant, machinery and equipment | 23 | €57,744 | €38,883 | -€18,860 | -32.7% |
| Furniture and vehicles | 24 | €44,051 | €89,299 | +€45,247 | +103% |
| Financial fixed assets | 28 | €6,500 | €6,500 | = | 0.0% |
| Current assets | 29/58 | €1,037,169 | €994,194 | -€42,976 | -4.1% |
| Stocks and contracts in progress | 3 | €10,235 | €10,235 | = | 0.0% |
| Stocks | 30/36 | €10,235 | €10,235 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €737,242 | €649,296 | -€87,945 | -11.9% |
| Trade receivables | 40 | €693,497 | €615,264 | -€78,233 | -11.3% |
| Other amounts receivable | 41 | €43,745 | €34,033 | -€9,712 | -22.2% |
| Cash at bank and in hand | 54/58 | €269,337 | €317,797 | +€48,460 | +18.0% |
| Deferred charges and accrued income | 490/1 | €20,356 | €16,866 | -€3,491 | -17.1% |
| Total equity and liabilities | 10/49 | €1,481,574 | €1,454,045 | -€27,529 | -1.9% |
| Equity | 10/15 | €665,508 | €763,262 | +€97,754 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €646,908 | €744,662 | +€97,754 | +15.1% |
| Distributable reserves | 133 | €646,908 | €744,662 | +€97,754 | +15.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €816,066 | €690,783 | -€125,283 | -15.4% |
| Amounts payable after more than one year | 17 | €243,009 | €209,251 | -€33,758 | -13.9% |
| Financial debts | 170/4 | €243,009 | €209,251 | -€33,758 | -13.9% |
| Amounts payable within one year | 42/48 | €573,057 | €481,532 | -€91,525 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €157,354 | €125,883 | -€31,471 | -20.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €241,246 | €227,000 | -€14,245 | -5.9% |
| Suppliers | 440/4 | €241,246 | €227,000 | -€14,245 | -5.9% |
| Advances received on contracts in progress | 46 | €1,328 | €1,328 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €156,528 | €119,179 | -€37,349 | -23.9% |
| Taxes | 450/3 | €31,815 | €11,735 | -€20,080 | -63.1% |
| Remuneration and social security | 454/9 | €124,712 | €107,443 | -€17,269 | -13.8% |
| Other amounts payable | 47/48 | €16,602 | €8,142 | -€8,460 | -51.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €826,998 | €829,757 | +€2,759 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,362 | €43,575 | +€9,213 | +26.8% |
| Other operating charges | 640/8 | €7,876 | €7,007 | -€869 | -11.0% |
| Non-recurring operating charges | 66A | - | €17,326 | +€17,326 | |
| Gross operating margin | 9900 | €1,185,915 | €1,058,136 | -€127,778 | -10.8% |
| Operating profit (loss) | 9901 | €316,679 | €160,472 | -€156,207 | -49.3% |
| Financial income | 75/76B | €239 | €230 | -€9 | -3.9% |
| Recurring financial income | 75 | €239 | €230 | -€9 | -3.9% |
| Financial charges | 65/66B | €28,762 | €14,229 | -€14,533 | -50.5% |
| Recurring financial charges | 65 | €28,762 | €14,229 | -€14,533 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | €288,157 | €146,473 | -€141,683 | -49.2% |
| Income taxes | 67/77 | €95,340 | €48,719 | -€46,621 | -48.9% |
| Profit (loss) for the period | 9904 | €192,816 | €97,754 | -€95,062 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €192,816 | €97,754 | -€95,062 | -49.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.