MAC MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€42,557
up €42,557 (+11.4%), from €374,569 to €417,125
mainly Other debts (+€98,143) and Net result for the year (+€23,197)
- Other debts +€98,143
up €98,143 (+59.4%), from €165,234 to €263,377
- Profit (loss) carried forward -€76,803
down €76,803 (-19.0%), from €403,489 to €326,686
- Tax, wage and social debts +€16,050
up €16,050 (+1062.3%), from €1,511 to €17,561
- Financial income -€39,484
down €39,484 (-55.5%), from €71,136 to €31,652
- Gross operating margin +€5,287
up €5,287 (+131.7%), from €4,016 to €9,303
- Depreciation +€3,039
up €3,039 (+330.6%), from €919 to €3,958
- Financial charges -€1,038
down €1,038 (-7.7%), from €13,457 to €12,419
- Taxes +€112
up €112 (+46.1%), from €242 to €354
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 | €611,684 | €647,556 | +€35,871 | +5.9% |
| Fixed assets | 21/28 | €222,437 | €218,479 | -€3,958 | -1.8% |
| Tangible fixed assets | 22/27 | €10,957 | €6,999 | -€3,958 | -36.1% |
| Furniture and vehicles | 24 | €10,957 | €6,999 | -€3,958 | -36.1% |
| Financial fixed assets | 28 | €211,480 | €211,480 | = | 0.0% |
| Current assets | 29/58 | €389,247 | €429,077 | +€39,830 | +10.2% |
| Amounts receivable within one year | 40/41 | €11,613 | €10,445 | -€1,168 | -10.1% |
| Trade receivables | 40 | €9,075 | €9,075 | = | 0.0% |
| Other amounts receivable | 41 | €2,538 | €1,370 | -€1,168 | -46.0% |
| Cash at bank and in hand | 54/58 | €374,569 | €417,125 | +€42,557 | +11.4% |
| Deferred charges and accrued income | 490/1 | €3,066 | €1,507 | -€1,559 | -50.8% |
| Total equity and liabilities | 10/49 | €611,684 | €647,556 | +€35,871 | +5.9% |
| Equity | 10/15 | €430,989 | €354,186 | -€76,803 | -17.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €403,489 | €326,686 | -€76,803 | -19.0% |
| Amounts payable | 17/49 | €180,695 | €293,370 | +€112,674 | +62.4% |
| Amounts payable within one year | 42/48 | €167,409 | €281,206 | +€113,796 | +68.0% |
| Trade debts | 44 | €665 | €268 | -€397 | -59.7% |
| Suppliers | 440/4 | €665 | €268 | -€397 | -59.7% |
| Taxes, remuneration and social security | 45 | €1,511 | €17,561 | +€16,050 | +1062.3% |
| Taxes | 450/3 | €1,511 | €17,561 | +€16,050 | +1062.3% |
| Other amounts payable | 47/48 | €165,234 | €263,377 | +€98,143 | +59.4% |
| Accrued charges and deferred income | 492/3 | €13,286 | €12,164 | -€1,122 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €919 | €3,958 | +€3,039 | +330.6% |
| Other operating charges | 640/8 | €976 | €1,026 | +€50 | +5.1% |
| Gross operating margin | 9900 | €4,016 | €9,303 | +€5,287 | +131.7% |
| Operating profit (loss) | 9901 | €2,120 | €4,318 | +€2,198 | +103.7% |
| Financial income | 75/76B | €71,136 | €31,652 | -€39,484 | -55.5% |
| Recurring financial income | 75 | €71,136 | €31,652 | -€39,484 | -55.5% |
| Financial charges | 65/66B | €13,457 | €12,419 | -€1,038 | -7.7% |
| Recurring financial charges | 65 | €13,457 | €12,419 | -€1,038 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €59,799 | €23,551 | -€36,248 | -60.6% |
| Income taxes | 67/77 | €242 | €354 | +€112 | +46.1% |
| Profit (loss) for the period | 9904 | €59,557 | €23,197 | -€36,359 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,557 | €23,197 | -€36,359 | -61.1% |
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 30 September 2026 via checked.be.