MAC QUEEN: 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 QUEEN
Largest movements
- Tangible fixed assets +€43,745
up €43,745 (+8.0%), from €544,537 to €588,282
- Debts after one year +€19,852
up €19,852 (+12.3%), from €161,179 to €181,031
- Current portion of long-term debt +€12,555
up €12,555 (+97.0%), from €12,946 to €25,501
- Financial charges +€7,132
up €7,132 (+394.2%), from €1,809 to €8,941
- Gross operating margin -€3,109
down €3,109 (-7.2%), from €43,027 to €39,918
- Other operating charges -€2,458
down €2,458 (-11.8%), from €20,741 to €18,283
- Taxes -€1,999
down €1,999 (-35.8%), from €5,588 to €3,589
- Depreciation +€1,980
up €1,980 (+316.8%), from €625 to €2,605
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 | €889,072 | €932,481 | +€43,410 | +4.9% |
| Fixed assets | 21/28 | €727,197 | €770,942 | +€43,745 | +6.0% |
| Tangible fixed assets | 22/27 | €544,537 | €588,282 | +€43,745 | +8.0% |
| Land and buildings | 22 | €544,537 | €588,282 | +€43,745 | +8.0% |
| Financial fixed assets | 28 | €182,660 | €182,660 | = | 0.0% |
| Current assets | 29/58 | €161,875 | €161,539 | -€336 | -0.2% |
| Amounts receivable within one year | 40/41 | €158,963 | €160,991 | +€2,028 | +1.3% |
| Other amounts receivable | 41 | €158,963 | €160,991 | +€2,028 | +1.3% |
| Cash at bank and in hand | 54/58 | €2,057 | €9 | -€2,047 | -99.6% |
| Deferred charges and accrued income | 490/1 | €856 | €539 | -€316 | -37.0% |
| Total equity and liabilities | 10/49 | €889,072 | €932,481 | +€43,410 | +4.9% |
| Equity | 10/15 | €712,807 | €721,074 | +€8,268 | +1.2% |
| Contributions | 10/11 | €285,000 | €285,000 | = | 0.0% |
| Capital | 10 | €285,000 | €285,000 | = | 0.0% |
| Issued capital | 100 | €285,000 | €285,000 | = | 0.0% |
| Reserves | 13 | €427,807 | €436,074 | +€8,268 | +1.9% |
| Non-distributable reserves | 130/1 | €28,500 | €28,500 | = | 0.0% |
| Legal reserve | 130 | €28,500 | €28,500 | = | 0.0% |
| Distributable reserves | 133 | €399,307 | €407,574 | +€8,268 | +2.1% |
| Amounts payable | 17/49 | €176,265 | €211,407 | +€35,142 | +19.9% |
| Amounts payable after more than one year | 17 | €161,179 | €181,031 | +€19,852 | +12.3% |
| Financial debts | 170/4 | €161,179 | €181,031 | +€19,852 | +12.3% |
| Amounts payable within one year | 42/48 | €15,086 | €29,170 | +€14,084 | +93.4% |
| Current portion of amounts payable after more than one year | 42 | €12,946 | €25,501 | +€12,555 | +97.0% |
| Trade debts | 44 | €2,140 | €669 | -€1,471 | -68.7% |
| Suppliers | 440/4 | €2,140 | €669 | -€1,471 | -68.7% |
| Other amounts payable | 47/48 | - | €3,000 | +€3,000 | |
| Accrued charges and deferred income | 492/3 | - | €1,206 | +€1,206 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €625 | €2,605 | +€1,980 | +316.8% |
| Other operating charges | 640/8 | €20,741 | €18,283 | -€2,458 | -11.8% |
| Gross operating margin | 9900 | €43,027 | €39,918 | -€3,109 | -7.2% |
| Operating profit (loss) | 9901 | €21,661 | €19,030 | -€2,631 | -12.1% |
| Financial income | 75/76B | - | €1,767 | +€1,767 | |
| Recurring financial income | 75 | - | €1,767 | +€1,767 | |
| Financial charges | 65/66B | €1,809 | €8,941 | +€7,132 | +394.2% |
| Recurring financial charges | 65 | €1,809 | €8,941 | +€7,132 | +394.2% |
| Profit (loss) for the period before taxes | 9903 | €19,852 | €11,857 | -€7,995 | -40.3% |
| Income taxes | 67/77 | €5,588 | €3,589 | -€1,999 | -35.8% |
| Profit (loss) for the period | 9904 | €14,264 | €8,268 | -€5,997 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,264 | €8,268 | -€5,997 | -42.0% |
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 30 September 2026 via checked.be.