MAC Law: 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 Law
Largest movements
- Cash +€38,179
up €38,179 (+101.6%), from €37,574 to €75,753
mainly Other debts (+€60,206) and Net result for the year (+€26,737)
- Receivables within one year -€4,772
down €4,772 (-57.5%), from €8,304 to €3,532
of which Other amounts receivable: -€3,699
- Tangible fixed assets +€984
up €984 (+45.1%), from €2,183 to €3,168
of which Other tangible fixed assets: +€1,578
- Other debts +€60,206
up €60,206 (+1003.4%), from €6,000 to €66,206
- Profit (loss) carried forward -€37,087
down €37,087 (-96.5%), from €38,418 to €1,331
- Tax, wage and social debts +€10,609
up €10,609 (+620.5%), from €1,710 to €12,319
- Gross operating margin +€2,818
up €2,818 (+8.6%), from €32,910 to €35,728
- Taxes -€1,887
down €1,887 (-20.0%), from €9,457 to €7,570
- Financial income -€436
down €436 (-63.7%), from €685 to €249
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 | €48,656 | €82,582 | +€33,926 | +69.7% |
| Fixed assets | 21/28 | €2,183 | €3,168 | +€984 | +45.1% |
| Tangible fixed assets | 22/27 | €2,183 | €3,168 | +€984 | +45.1% |
| Furniture and vehicles | 24 | €593 | €0 | -€593 | -100.0% |
| Other tangible fixed assets | 26 | €1,590 | €3,168 | +€1,578 | +99.2% |
| Current assets | 29/58 | €46,472 | €79,414 | +€32,942 | +70.9% |
| Amounts receivable within one year | 40/41 | €8,304 | €3,532 | -€4,772 | -57.5% |
| Trade receivables | 40 | €1,073 | €0 | -€1,073 | -100.0% |
| Other amounts receivable | 41 | €7,232 | €3,532 | -€3,699 | -51.2% |
| Cash at bank and in hand | 54/58 | €37,574 | €75,753 | +€38,179 | +101.6% |
| Deferred charges and accrued income | 490/1 | €594 | €129 | -€464 | -78.2% |
| Total equity and liabilities | 10/49 | €48,656 | €82,582 | +€33,926 | +69.7% |
| Equity | 10/15 | €39,418 | €2,331 | -€37,087 | -94.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,418 | €1,331 | -€37,087 | -96.5% |
| Amounts payable | 17/49 | €9,238 | €80,251 | +€71,013 | +768.7% |
| Amounts payable within one year | 42/48 | €9,238 | €80,251 | +€71,013 | +768.7% |
| Financial debts | 43 | €21 | €72 | +€51 | +242.0% |
| Credit institutions | 430/8 | €21 | €72 | +€51 | +242.0% |
| Trade debts | 44 | €1,507 | €1,654 | +€147 | +9.8% |
| Suppliers | 440/4 | €1,507 | €1,654 | +€147 | +9.8% |
| Taxes, remuneration and social security | 45 | €1,710 | €12,319 | +€10,609 | +620.5% |
| Taxes | 450/3 | €1,710 | €12,319 | +€10,609 | +620.5% |
| Other amounts payable | 47/48 | €6,000 | €66,206 | +€60,206 | +1003.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,240 | €1,013 | -€227 | -18.3% |
| Other operating charges | 640/8 | €387 | €387 | = | 0.0% |
| Non-recurring operating charges | 66A | - | €197 | +€197 | |
| Gross operating margin | 9900 | €32,910 | €35,728 | +€2,818 | +8.6% |
| Operating profit (loss) | 9901 | €31,283 | €34,131 | +€2,848 | +9.1% |
| Financial income | 75/76B | €685 | €249 | -€436 | -63.7% |
| Recurring financial income | 75 | €685 | €249 | -€436 | -63.7% |
| Financial charges | 65/66B | €85 | €73 | -€12 | -13.9% |
| Recurring financial charges | 65 | €85 | €73 | -€12 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €31,884 | €34,307 | +€2,423 | +7.6% |
| Income taxes | 67/77 | €9,457 | €7,570 | -€1,887 | -20.0% |
| Profit (loss) for the period | 9904 | €22,427 | €26,737 | +€4,310 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,427 | €26,737 | +€4,310 | +19.2% |
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.