MAC & P: 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 & P
Largest movements
- Cash -€27,795
down €27,795 (-96.6%), from €28,772 to €977
mainly Receivables within one year (-€26,587) and Advances received (-€20,000)
- Receivables within one year +€26,587
up €26,587 (+144.5%), from €18,395 to €44,982
of which Trade receivables: +€26,683
- Stocks and contracts -€10,400
down €10,400 (-47.1%), from €22,100 to €11,700
- Tangible fixed assets -€3,723
no longer reported in 2024 (was €3,723)
- Advances received -€20,000
no longer reported in 2024 (was €20,000)
- Trade debts +€18,152
up €18,152 (+113.6%), from €15,979 to €34,131
- Debts after one year -€11,146
down €11,146 (-37.9%), from €29,443 to €18,297
- Other debts -€2,896
down €2,896 (-21.0%), from €13,781 to €10,885
- Turnover -€6,500
down €6,500 (-6.0%), from €108,116 to €101,616
- Purchases and services -€5,683
down €5,683 (-5.7%), from €99,392 to €93,709
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.
Cash bridge derived
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 | €96,047 | €80,716 | -€15,331 | -16.0% |
| Fixed assets | 21/28 | €3,723 | - | -€3,723 | |
| Tangible fixed assets | 22/27 | €3,723 | - | -€3,723 | |
| Plant, machinery and equipment | 23 | €3,723 | - | -€3,723 | |
| Current assets | 29/58 | €92,324 | €80,716 | -€11,608 | -12.6% |
| Stocks and contracts in progress | 3 | €22,100 | €11,700 | -€10,400 | -47.1% |
| Stocks | 30/36 | €22,100 | €11,700 | -€10,400 | -47.1% |
| Amounts receivable within one year | 40/41 | €18,395 | €44,982 | +€26,587 | +144.5% |
| Trade receivables | 40 | €17,962 | €44,645 | +€26,683 | +148.6% |
| Other amounts receivable | 41 | €433 | €337 | -€96 | -22.2% |
| Cash at bank and in hand | 54/58 | €28,772 | €977 | -€27,795 | -96.6% |
| Deferred charges and accrued income | 490/1 | €23,057 | €23,057 | = | 0.0% |
| Total equity and liabilities | 10/49 | €96,047 | €80,716 | -€15,331 | -16.0% |
| Equity | 10/15 | €4,279 | €4,597 | +€318 | +7.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,781 | -€3,463 | +€318 | +8.4% |
| Amounts payable | 17/49 | €91,768 | €76,119 | -€15,649 | -17.1% |
| Amounts payable after more than one year | 17 | €29,443 | €18,297 | -€11,146 | -37.9% |
| Financial debts | 170/4 | €29,443 | €18,297 | -€11,146 | -37.9% |
| Amounts payable within one year | 42/48 | €62,325 | €57,822 | -€4,503 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €11,665 | €11,206 | -€459 | -3.9% |
| Trade debts | 44 | €15,979 | €34,131 | +€18,152 | +113.6% |
| Suppliers | 440/4 | €15,979 | €34,131 | +€18,152 | +113.6% |
| Advances received on contracts in progress | 46 | €20,000 | - | -€20,000 | |
| Taxes, remuneration and social security | 45 | €900 | €1,600 | +€700 | +77.8% |
| Taxes | 450/3 | €900 | €1,600 | +€700 | +77.8% |
| Other amounts payable | 47/48 | €13,781 | €10,885 | -€2,896 | -21.0% |
| Turnover | 70 | €108,116 | €101,616 | -€6,500 | -6.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €99,392 | €93,709 | -€5,683 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,724 | €3,723 | -€1 | 0.0% |
| Other operating charges | 640/8 | €650 | €683 | +€33 | +5.1% |
| Gross operating margin | 9900 | €8,724 | €7,907 | -€817 | -9.4% |
| Operating profit (loss) | 9901 | €4,350 | €3,501 | -€849 | -19.5% |
| Financial charges | 65/66B | €2,687 | €2,483 | -€204 | -7.6% |
| Recurring financial charges | 65 | €2,687 | €2,483 | -€204 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €1,663 | €1,018 | -€645 | -38.8% |
| Income taxes | 67/77 | €1,231 | €700 | -€531 | -43.1% |
| Profit (loss) for the period | 9904 | €432 | €318 | -€114 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €432 | €318 | -€114 | -26.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.