MAC & JAZI: 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 & JAZI
Largest movements
- Receivables within one year +€11,737
up €11,737 (+9,759%), from €120 to €11,857
of which Trade receivables: +€9,157
- Stocks and contracts -€10,086
down €10,086 (-61.6%), from €16,380 to €6,294
- Tangible fixed assets -€5,605
down €5,605 (-3.9%), from €144,616 to €139,011
of which Land and buildings: -€5,191
- Financial fixed assets -€4,800
no longer reported in 2025 (was €4,800)
- Other debts -€91,859
down €91,859 (-91.3%), from €100,659 to €8,800
- Debts after one year +€74,950
up €74,950 (+500%), from €15,000 to €89,950
of which Other amounts payable: +€89,950
- Trade debts +€15,417
up €15,417 (+2,315%), from €666 to €16,082
- Current portion of long-term debt -€15,210
down €15,210 (-87.5%), from €17,376 to €2,166
- Tax, wage and social debts +€7,398
up €7,398 (+162%), from €4,553 to €11,950
- Turnover -€159,344
down €159,344 (-53.8%), from €296,422 to €137,077
- Purchases and services -€137,031
down €137,031 (-53.7%), from €255,118 to €118,087
- Gross operating margin -€21,635
down €21,635 (-49.7%), from €43,543 to €21,908
- Depreciation -€6,314
down €6,314 (-52.1%), from €12,120 to €5,805
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.
Derived cash bridge
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 | €168,027 | €159,770 | -€8,257 | -4.9% |
| Fixed assets | 21/28 | €150,250 | €139,645 | -€10,605 | -7.1% |
| Intangible fixed assets | 21 | €834 | €634 | -€200 | -24.0% |
| Tangible fixed assets | 22/27 | €144,616 | €139,011 | -€5,605 | -3.9% |
| Land and buildings | 22 | €143,568 | €138,377 | -€5,191 | -3.6% |
| Plant, machinery and equipment | 23 | €214 | - | -€214 | |
| Other tangible fixed assets | 26 | €834 | €634 | -€200 | -24.0% |
| Financial fixed assets | 28 | €4,800 | - | -€4,800 | |
| Current assets | 29/58 | €17,777 | €20,126 | +€2,349 | +13.2% |
| Stocks and contracts in progress | 3 | €16,380 | €6,294 | -€10,086 | -61.6% |
| Stocks | 30/36 | €16,380 | €6,294 | -€10,086 | -61.6% |
| Amounts receivable within one year | 40/41 | €120 | €11,857 | +€11,737 | +9,759% |
| Trade receivables | 40 | - | €9,157 | +€9,157 | |
| Other amounts receivable | 41 | €120 | €2,700 | +€2,580 | +2,145% |
| Cash at bank and in hand | 54/58 | €1,277 | €1,975 | +€697 | +54.6% |
| Total equity and liabilities | 10/49 | €168,027 | €159,770 | -€8,257 | -4.9% |
| Equity | 10/15 | €29,773 | €30,822 | +€1,048 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,313 | €10,362 | +€1,048 | +11.3% |
| Amounts payable | 17/49 | €138,254 | €128,949 | -€9,305 | -6.7% |
| Amounts payable after more than one year | 17 | €15,000 | €89,950 | +€74,950 | +500% |
| Financial debts | 170/4 | €15,000 | - | -€15,000 | |
| Other amounts payable | 178/9 | - | €89,950 | +€89,950 | |
| Amounts payable within one year | 42/48 | €123,254 | €38,999 | -€84,255 | -68.4% |
| Current portion of amounts payable after more than one year | 42 | €17,376 | €2,166 | -€15,210 | -87.5% |
| Trade debts | 44 | €666 | €16,082 | +€15,417 | +2,315% |
| Suppliers | 440/4 | €666 | €16,082 | +€15,417 | +2,315% |
| Taxes, remuneration and social security | 45 | €4,553 | €11,950 | +€7,398 | +162% |
| Taxes | 450/3 | €4,553 | €11,950 | +€7,398 | +162% |
| Other amounts payable | 47/48 | €100,659 | €8,800 | -€91,859 | -91.3% |
| Turnover | 70 | €296,422 | €137,077 | -€159,344 | -53.8% |
| Non-recurring operating income | 76A | - | €608 | +€608 | |
| Goods, raw materials, services and sundry goods | 60/61 | €255,118 | €118,087 | -€137,031 | -53.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,120 | €5,805 | -€6,314 | -52.1% |
| Other operating charges | 640/8 | €2,799 | €4,092 | +€1,294 | +46.2% |
| Gross operating margin | 9900 | €43,543 | €21,908 | -€21,635 | -49.7% |
| Operating profit (loss) | 9901 | €28,625 | €12,011 | -€16,615 | -58.0% |
| Financial charges | 65/66B | €2,000 | €3,888 | +€1,888 | +94.4% |
| Recurring financial charges | 65 | €2,000 | €3,888 | +€1,888 | +94.4% |
| Profit (loss) for the period before taxes | 9903 | €26,625 | €8,123 | -€18,502 | -69.5% |
| Income taxes | 67/77 | €4,366 | €7,075 | +€2,708 | +62.0% |
| Profit (loss) for the period | 9904 | €22,259 | €1,048 | -€21,211 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,259 | €1,048 | -€21,211 | -95.3% |
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 24 October 2026 via checked.be.