Mac Projectontwikkeling: 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.
What changed
Mac Projectontwikkeling
NACE 68.121, Development of residential building projects
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€717,649
2023 · -€1.2m+€497,500
Equity
-€272,182
2023 · €445,466-€717,649
Cash
€29,201
2023 · €103,445-€74,244
Balance sheet total
€13.9m
2023 · €15.5m-€1.6m
Largest movements
Assets
- Stocks and contracts -€2.1m
down €2.1m (-26.7%), from €8.0m to €5.8m
- Receivables within one year +€1.1m
up €1.1m (+17.3%), from €6.4m to €7.5m
of which Trade receivables: +€1.0m
- Tangible fixed assets -€544,297
down €544,297 (-50.0%), from €1.1m to €543,651
of which Land and buildings: -€539,050
Equity and liabilities
- Short-term financial debts -€3.0m
down €3.0m (-43.8%), from €6.8m to €3.8m
- Other debts +€2.4m
up €2.4m (+127%), from €1.9m to €4.3m
- Trade debts -€1.5m
down €1.5m (-34.2%), from €4.4m to €2.9m
- Profit (loss) carried forward -€717,649
new in 2024: -€717,649
- Tax, wage and social debts +€603,140
up €603,140 (+29.2%), from €2.1m to €2.7m
of which Taxes: +€604,633
Income statement
- Turnover +€12.8m
new in 2024: €12.8m
- Goods and materials +€12.8m
new in 2024: €12.8m
of which Purchases: +€10.6m
- Taxes -€551,156
down €551,156 (-94.1%), from €585,599 to €34,442
- Services and other goods +€495,966
new in 2024: €495,966
- Gross operating margin -€248,573
no longer reported in 2024 (was €248,573)
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.
Result 2023
-€1.2m
Turnover
+€12.8m
Other operating income
+€73,494
Goods and materials
-€12.8m
Services and other goods
-€495,966
Staff costs
-€3,236
Depreciation
+€12,882
Other operating charges
+€49,417
Other operating items
+€163,684
Financial income
-€1,633
Financial charges
+€77,039
Taxes
+€551,156
Result 2024
-€717,649
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€2.4m
Investment
+€485,033
Financing
-€3.0m
Cash 2023
€103,445
From operations (derived)
+€2.4m
Net result for the year
-€717,649
Depreciation
+€23,936
Stocks and contracts
+€2.1m
Receivables within one year
-€1.1m
Trade debts
-€1.5m
Tax, wage and social debts
+€603,140
Advances received
+€350,000
Other debts
+€2.4m
Accrued charges and deferred income
+€236,745
Investment (derived)
+€485,033
Investment in fixed assets (net)
+€485,033
Financing
-€3.0m
Short-term financial debts
-€3.0m
Cash 2024
€29,201
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,547,731 | €13,941,289 | -€1.6m | -10.3% |
| Fixed assets | 21/28 | €1,087,947 | €578,979 | -€508,968 | -46.8% |
| Tangible fixed assets | 22/27 | €1,087,947 | €543,651 | -€544,297 | -50.0% |
| Land and buildings | 22 | €1,016,226 | €477,176 | -€539,050 | -53.0% |
| Plant, machinery and equipment | 23 | - | €2,201 | +€2,201 | |
| Furniture and vehicles | 24 | €28,776 | €22,709 | -€6,068 | -21.1% |
| Other tangible fixed assets | 26 | €42,945 | €41,564 | -€1,381 | -3.2% |
| Financial fixed assets | 28 | - | €35,328 | +€35,328 | |
| Other financial fixed assets | 284/8 | - | €35,328 | +€35,328 | |
| Amounts receivable and cash guarantees | 285/8 | - | €35,328 | +€35,328 | |
| Current assets | 29/58 | €14,459,783 | €13,362,310 | -€1.1m | -7.6% |
| Stocks and contracts in progress | 3 | €7,970,130 | €5,845,081 | -€2.1m | -26.7% |
| Stocks | 30/36 | €7,970,130 | €5,845,081 | -€2.1m | -26.7% |
| Property held for sale | 35 | - | €5,845,081 | +€5.8m | |
| Amounts receivable within one year | 40/41 | €6,386,209 | €7,488,028 | +€1.1m | +17.3% |
| Trade receivables | 40 | €5,864,395 | €6,900,184 | +€1.0m | +17.7% |
| Other amounts receivable | 41 | €521,814 | €587,844 | +€66,030 | +12.7% |
| Cash at bank and in hand | 54/58 | €103,445 | €29,201 | -€74,244 | -71.8% |
| Total equity and liabilities | 10/49 | €15,547,731 | €13,941,289 | -€1.6m | -10.3% |
| Equity | 10/15 | €445,466 | -€272,182 | -€717,649 | |
| Contributions | 10/11 | €320,000 | €320,000 | = | 0.0% |
| Capital | 10 | €320,000 | €320,000 | = | 0.0% |
| Issued capital | 100 | €320,000 | €320,000 | = | 0.0% |
| Reserves | 13 | €125,466 | €125,466 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,000 | €32,000 | = | 0.0% |
| Legal reserve | 130 | €32,000 | €32,000 | = | 0.0% |
| Distributable reserves | 133 | €93,466 | €93,466 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€717,649 | -€717,649 | |
| Amounts payable | 17/49 | €15,102,264 | €14,213,472 | -€888,793 | -5.9% |
| Amounts payable within one year | 42/48 | €15,102,144 | €13,976,607 | -€1.1m | -7.5% |
| Financial debts | 43 | €6,772,221 | €3,804,175 | -€3.0m | -43.8% |
| Credit institutions | 430/8 | €6,772,221 | €3,804,175 | -€3.0m | -43.8% |
| Trade debts | 44 | €4,365,303 | €2,873,727 | -€1.5m | -34.2% |
| Suppliers | 440/4 | €4,365,303 | €2,873,727 | -€1.5m | -34.2% |
| Advances received on contracts in progress | 46 | €27,561 | €377,561 | +€350,000 | +1,270% |
| Taxes, remuneration and social security | 45 | €2,062,712 | €2,665,852 | +€603,140 | +29.2% |
| Taxes | 450/3 | €2,059,044 | €2,663,677 | +€604,633 | +29.4% |
| Remuneration and social security | 454/9 | €3,668 | €2,175 | -€1,493 | -40.7% |
| Other amounts payable | 47/48 | €1,874,348 | €4,255,292 | +€2.4m | +127% |
| Accrued charges and deferred income | 492/3 | €120 | €236,865 | +€236,745 | +197,287% |
| Operating income | 70/76A | - | €13,304,877 | +€13.3m | |
| Turnover | 70 | - | €12,828,848 | +€12.8m | |
| Other operating income | 74 | - | €73,494 | +€73,494 | |
| Non-recurring operating income | 76A | - | €402,534 | +€402,534 | |
| Operating charges | 60/66A | - | €13,401,084 | +€13.4m | |
| Goods for resale, raw materials and consumables | 60 | - | €12,758,185 | +€12.8m | |
| Purchases | 600/8 | - | €10,633,136 | +€10.6m | |
| Change in stocks: decrease (increase) | 609 | - | €2,125,048 | +€2.1m | |
| Services and other goods | 61 | - | €495,966 | +€495,966 | |
| Remuneration, social security and pensions | 62 | €41,974 | €45,210 | +€3,236 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,817 | €23,936 | -€12,882 | -35.0% |
| Other operating charges | 640/8 | €127,205 | €77,788 | -€49,417 | -38.8% |
| Non-recurring operating charges | 66A | €9,722 | - | -€9,722 | |
| Gross operating margin | 9900 | €248,573 | - | -€248,573 | |
| Operating profit (loss) | 9901 | €32,854 | -€96,208 | -€129,062 | |
| Financial income | 75/76B | €2,502 | €869 | -€1,633 | -65.3% |
| Recurring financial income | 75 | €2,502 | €869 | -€1,633 | -65.3% |
| Other financial income | 752/9 | - | €869 | +€869 | |
| Financial charges | 65/66B | €664,907 | €587,868 | -€77,039 | -11.6% |
| Recurring financial charges | 65 | €664,907 | €587,868 | -€77,039 | -11.6% |
| Debt charges | 650 | - | €437,243 | +€437,243 | |
| Other financial charges | 652/9 | - | €150,625 | +€150,625 | |
| Profit (loss) for the period before taxes | 9903 | -€629,551 | -€683,206 | -€53,656 | -8.5% |
| Income taxes | 67/77 | €585,599 | €34,442 | -€551,156 | -94.1% |
| Taxes | 670/3 | - | €34,442 | +€34,442 | |
| Profit (loss) for the period | 9904 | -€1,215,149 | -€717,649 | +€497,500 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,215,149 | -€717,649 | +€497,500 | +40.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.