MAC PROPERTIES: 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 PROPERTIES
Largest movements
- Receivables within one year -€212,698
down €212,698 (-17.4%), from €1.2m to €1.0m
of which Other amounts receivable: -€210,540
- Debts after one year -€208,271
down €208,271 (-3.3%), from €6.3m to €6.1m
of which Financial debts: -€207,797
- Profit (loss) carried forward +€191,589
up €191,589 (+47.7%), from €401,298 to €592,887
- Reserves -€154,953
down €154,953 (-9.5%), from €1.6m to €1.5m
of which Tax-exempt reserves: -€154,953
- Tax, wage and social debts -€150,549
down €150,549 (-97.7%), from €154,162 to €3,613
- Other debts +€128,051
up €128,051 (+8.6%), from €1.5m to €1.6m
- Gross operating margin +€122,635
up €122,635 (+17.4%), from €704,806 to €827,441
- Depreciation +€101,390
up €101,390 (+28.2%), from €359,049 to €460,439
- Taxes -€47,854
down €47,854 (-32.0%), from €149,473 to €101,619
- Financial charges +€38,180
up €38,180 (+18.3%), from €208,421 to €246,601
- Financial income +€15,108
up €15,108 (+1218392.7%), from €1 to €15,109
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 | €12,637,485 | €12,304,454 | -€333,031 | -2.6% |
| Fixed assets | 21/28 | €11,367,400 | €11,287,369 | -€80,031 | -0.7% |
| Intangible fixed assets | 21 | €3,671,569 | €3,671,569 | = | 0.0% |
| Tangible fixed assets | 22/27 | €7,307,857 | €7,228,301 | -€79,556 | -1.1% |
| Land and buildings | 22 | €7,303,974 | €7,226,247 | -€77,726 | -1.1% |
| Plant, machinery and equipment | 23 | €2,723 | €1,667 | -€1,056 | -38.8% |
| Furniture and vehicles | 24 | €1,160 | €387 | -€773 | -66.7% |
| Financial fixed assets | 28 | €387,974 | €387,500 | -€474 | -0.1% |
| Current assets | 29/58 | €1,270,085 | €1,017,085 | -€253,000 | -19.9% |
| Amounts receivable within one year | 40/41 | €1,225,177 | €1,012,479 | -€212,698 | -17.4% |
| Trade receivables | 40 | €5,888 | €3,730 | -€2,158 | -36.6% |
| Other amounts receivable | 41 | €1,219,288 | €1,008,748 | -€210,540 | -17.3% |
| Cash at bank and in hand | 54/58 | €44,908 | €4,606 | -€40,302 | -89.7% |
| Total equity and liabilities | 10/49 | €12,637,485 | €12,304,454 | -€333,031 | -2.6% |
| Equity | 10/15 | €2,465,043 | €2,501,679 | +€36,636 | +1.5% |
| Contributions | 10/11 | €438,200 | €438,200 | = | 0.0% |
| Capital | 10 | €438,200 | €438,200 | = | 0.0% |
| Issued capital | 100 | €438,200 | €438,200 | = | 0.0% |
| Reserves | 13 | €1,625,545 | €1,470,592 | -€154,953 | -9.5% |
| Non-distributable reserves | 130/1 | €43,820 | €43,820 | = | 0.0% |
| Legal reserve | 130 | €43,820 | €43,820 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,581,725 | €1,426,772 | -€154,953 | -9.8% |
| Profit (loss) carried forward | 14 | €401,298 | €592,887 | +€191,589 | +47.7% |
| Provisions and deferred taxes | 16 | €1,079,142 | €986,792 | -€92,350 | -8.6% |
| Deferred taxes | 168 | €1,079,142 | €986,792 | -€92,350 | -8.6% |
| Amounts payable | 17/49 | €9,093,300 | €8,815,983 | -€277,317 | -3.0% |
| Amounts payable after more than one year | 17 | €6,344,330 | €6,136,059 | -€208,271 | -3.3% |
| Financial debts | 170/4 | €6,300,499 | €6,092,702 | -€207,797 | -3.3% |
| Other amounts payable | 178/9 | €43,831 | €43,356 | -€474 | -1.1% |
| Amounts payable within one year | 42/48 | €2,748,971 | €2,679,924 | -€69,046 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €683,531 | €691,273 | +€7,742 | +1.1% |
| Financial debts | 43 | €350,000 | €350,000 | = | 0.0% |
| Credit institutions | 430/8 | €350,000 | €350,000 | = | 0.0% |
| Trade debts | 44 | €65,308 | €11,018 | -€54,290 | -83.1% |
| Suppliers | 440/4 | €65,308 | €11,018 | -€54,290 | -83.1% |
| Taxes, remuneration and social security | 45 | €154,162 | €3,613 | -€150,549 | -97.7% |
| Taxes | 450/3 | €154,162 | €3,613 | -€150,549 | -97.7% |
| Other amounts payable | 47/48 | €1,495,971 | €1,624,021 | +€128,051 | +8.6% |
| Non-recurring operating income | 76A | €19,685 | €0 | -€19,685 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €359,049 | €460,439 | +€101,390 | +28.2% |
| Other operating charges | 640/8 | €81,835 | €89,605 | +€7,771 | +9.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €704,806 | €827,441 | +€122,635 | +17.4% |
| Operating profit (loss) | 9901 | €263,922 | €277,397 | +€13,474 | +5.1% |
| Financial income | 75/76B | €1 | €15,109 | +€15,108 | +1218392.7% |
| Recurring financial income | 75 | €1 | €15,109 | +€15,108 | +1218392.7% |
| Financial charges | 65/66B | €208,421 | €246,601 | +€38,180 | +18.3% |
| Recurring financial charges | 65 | €208,421 | €246,601 | +€38,180 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €55,503 | €45,905 | -€9,598 | -17.3% |
| Transfer from deferred taxes | 780 | €121,981 | €92,350 | -€29,631 | -24.3% |
| Income taxes | 67/77 | €149,473 | €101,619 | -€47,854 | -32.0% |
| Profit (loss) for the period | 9904 | €28,012 | €36,636 | +€8,625 | +30.8% |
| Transfer from tax-exempt reserves | 789 | €121,511 | €154,953 | +€33,442 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €149,523 | €191,589 | +€42,066 | +28.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.