MAC & MAGGIE: 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 & MAGGIE
Largest movements
- Tangible fixed assets -€8,782
down €8,782 (-3.0%), from €293,370 to €284,588
- Receivables within one year +€3,643
up €3,643 (+104.6%), from €3,481 to €7,124
of which Trade receivables: +€3,282
- Debts after one year -€22,482
down €22,482 (-33.0%), from €68,132 to €45,650
- Reserves +€9,476
up €9,476 (+9.5%), from €100,038 to €109,514
of which Distributable reserves: +€16,784
- Gross operating margin +€1,584
up €1,584 (+5.5%), from €28,716 to €30,300
- Financial charges -€844
down €844 (-20.1%), from €4,189 to €3,345
- Taxes +€639
up €639 (+13.6%), from €4,681 to €5,320
- Other operating charges +€523
up €523 (+25.9%), from €2,021 to €2,544
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 | €313,961 | €306,177 | -€7,784 | -2.5% |
| Fixed assets | 21/28 | €293,370 | €284,588 | -€8,782 | -3.0% |
| Tangible fixed assets | 22/27 | €293,370 | €284,588 | -€8,782 | -3.0% |
| Land and buildings | 22 | €293,370 | €284,588 | -€8,782 | -3.0% |
| Current assets | 29/58 | €20,591 | €21,589 | +€998 | +4.8% |
| Amounts receivable within one year | 40/41 | €3,481 | €7,124 | +€3,643 | +104.6% |
| Trade receivables | 40 | €3,162 | €6,444 | +€3,282 | +103.8% |
| Other amounts receivable | 41 | €319 | €680 | +€361 | +113.3% |
| Current investments | 50/53 | €53 | - | -€53 | |
| Cash at bank and in hand | 54/58 | €15,567 | €12,555 | -€3,012 | -19.4% |
| Deferred charges and accrued income | 490/1 | €1,490 | €1,910 | +€420 | +28.2% |
| Total equity and liabilities | 10/49 | €313,961 | €306,177 | -€7,784 | -2.5% |
| Equity | 10/15 | €219,438 | €228,914 | +€9,476 | +4.3% |
| Contributions | 10/11 | €119,400 | €119,400 | = | 0.0% |
| Reserves | 13 | €100,038 | €109,514 | +€9,476 | +9.5% |
| Non-distributable reserves | 130/1 | €7,307 | - | -€7,307 | |
| Reserves not available under the articles | 1311 | €7,307 | - | -€7,307 | |
| Distributable reserves | 133 | €92,730 | €109,514 | +€16,784 | +18.1% |
| Amounts payable | 17/49 | €94,523 | €77,263 | -€17,260 | -18.3% |
| Amounts payable after more than one year | 17 | €68,132 | €45,650 | -€22,482 | -33.0% |
| Financial debts | 170/4 | €68,132 | €45,650 | -€22,482 | -33.0% |
| Amounts payable within one year | 42/48 | €25,941 | €30,925 | +€4,984 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €21,613 | €24,316 | +€2,703 | +12.5% |
| Trade debts | 44 | €13 | €834 | +€821 | +6517.1% |
| Suppliers | 440/4 | €13 | €834 | +€821 | +6517.1% |
| Taxes, remuneration and social security | 45 | €2,024 | €2,326 | +€302 | +14.9% |
| Taxes | 450/3 | €2,024 | €2,326 | +€302 | +14.9% |
| Other amounts payable | 47/48 | €2,292 | €3,450 | +€1,158 | +50.5% |
| Accrued charges and deferred income | 492/3 | €450 | €688 | +€238 | +52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,782 | €8,782 | = | 0.0% |
| Other operating charges | 640/8 | €2,021 | €2,544 | +€523 | +25.9% |
| Gross operating margin | 9900 | €28,716 | €30,300 | +€1,584 | +5.5% |
| Operating profit (loss) | 9901 | €17,913 | €18,974 | +€1,061 | +5.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -57.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -57.3% |
| Financial charges | 65/66B | €4,189 | €3,345 | -€844 | -20.1% |
| Recurring financial charges | 65 | €4,189 | €3,345 | -€844 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €13,725 | €15,629 | +€1,905 | +13.9% |
| Income taxes | 67/77 | €4,681 | €5,320 | +€639 | +13.6% |
| Profit (loss) for the period | 9904 | €9,043 | €10,309 | +€1,266 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,043 | €10,309 | +€1,266 | +14.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.