MAC RYAN: 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.
MAC RYAN
Largest movements
- Receivables within one year -€45,635
down €45,635 (-37.0%), from €123,192 to €77,557
of which Trade receivables: -€58,974
- Cash -€10,998
down €10,998 (-9.7%), from €112,992 to €101,994
mainly Contributions, distributions and other (-€48,700) and Tax, wage and social debts (-€48,084)
- Current investments +€7,513
up €7,513 (+10.9%), from €68,632 to €76,145
- Stocks and contracts +€5,496
up €5,496 (+25.8%), from €21,283 to €26,779
of which Contracts in progress: +€5,264
- Tangible fixed assets +€4,318
up €4,318 (+7.1%), from €60,873 to €65,191
of which Plant, machinery and equipment: +€4,943
- Tax, wage and social debts -€48,084
down €48,084 (-60.5%), from €79,477 to €31,394
of which Taxes: -€27,631
- Reserves -€47,800
down €47,800 (-27.8%), from €171,929 to €124,129
of which Distributable reserves: -€47,800
- Other debts +€37,566
up €37,566 (+356%), from €10,552 to €48,118
- Trade debts +€19,542
up €19,542 (+127%), from €15,373 to €34,915
- Gross operating margin -€86,706
down €86,706 (-24.4%), from €355,914 to €269,208
- Taxes -€24,577
down €24,577 (-93.5%), from €26,287 to €1,710
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €389,419 | €350,759 | -€38,661 | -9.9% |
| Fixed assets | 21/28 | €60,873 | €65,191 | +€4,318 | +7.1% |
| Tangible fixed assets | 22/27 | €60,873 | €65,191 | +€4,318 | +7.1% |
| Plant, machinery and equipment | 23 | €58,567 | €63,510 | +€4,943 | +8.4% |
| Furniture and vehicles | 24 | €2,306 | €1,682 | -€624 | -27.1% |
| Current assets | 29/58 | €328,546 | €285,567 | -€42,979 | -13.1% |
| Stocks and contracts in progress | 3 | €21,283 | €26,779 | +€5,496 | +25.8% |
| Stocks | 30/36 | €21,283 | €21,515 | +€231 | +1.1% |
| Contracts in progress | 37 | - | €5,264 | +€5,264 | |
| Amounts receivable within one year | 40/41 | €123,192 | €77,557 | -€45,635 | -37.0% |
| Trade receivables | 40 | €123,192 | €64,218 | -€58,974 | -47.9% |
| Other amounts receivable | 41 | - | €13,338 | +€13,338 | |
| Current investments | 50/53 | €68,632 | €76,145 | +€7,513 | +10.9% |
| Cash at bank and in hand | 54/58 | €112,992 | €101,994 | -€10,998 | -9.7% |
| Deferred charges and accrued income | 490/1 | €2,447 | €3,093 | +€646 | +26.4% |
| Total equity and liabilities | 10/49 | €389,419 | €350,759 | -€38,661 | -9.9% |
| Equity | 10/15 | €280,763 | €233,057 | -€47,706 | -17.0% |
| Contributions | 10/11 | €35,945 | €35,945 | = | 0.0% |
| Reserves | 13 | €171,929 | €124,129 | -€47,800 | -27.8% |
| Non-distributable reserves | 130/1 | €3,594 | €3,594 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,594 | €3,594 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,957 | €5,957 | = | 0.0% |
| Distributable reserves | 133 | €162,377 | €114,577 | -€47,800 | -29.4% |
| Profit (loss) carried forward | 14 | €72,889 | €72,984 | +€94 | +0.1% |
| Amounts payable | 17/49 | €108,657 | €117,702 | +€9,045 | +8.3% |
| Amounts payable within one year | 42/48 | €105,402 | €114,433 | +€9,030 | +8.6% |
| Financial debts | 43 | - | €6 | +€6 | |
| Credit institutions | 430/8 | - | €6 | +€6 | |
| Trade debts | 44 | €15,373 | €34,915 | +€19,542 | +127% |
| Suppliers | 440/4 | €15,373 | €34,915 | +€19,542 | +127% |
| Taxes, remuneration and social security | 45 | €79,477 | €31,394 | -€48,084 | -60.5% |
| Taxes | 450/3 | €30,533 | €2,902 | -€27,631 | -90.5% |
| Remuneration and social security | 454/9 | €48,944 | €28,492 | -€20,452 | -41.8% |
| Other amounts payable | 47/48 | €10,552 | €48,118 | +€37,566 | +356% |
| Accrued charges and deferred income | 492/3 | €3,255 | €3,269 | +€14 | +0.4% |
| Remuneration, social security and pensions | 62 | €251,868 | €249,748 | -€2,120 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,316 | €14,797 | +€2,481 | +20.1% |
| Other operating charges | 640/8 | €2,531 | €2,539 | +€8 | +0.3% |
| Gross operating margin | 9900 | €355,914 | €269,208 | -€86,706 | -24.4% |
| Operating profit (loss) | 9901 | €89,198 | €2,123 | -€87,075 | -97.6% |
| Financial income | 75/76B | €628 | €709 | +€80 | +12.8% |
| Recurring financial income | 75 | €628 | €709 | +€80 | +12.8% |
| Financial charges | 65/66B | €146 | €128 | -€19 | -12.7% |
| Recurring financial charges | 65 | €146 | €128 | -€19 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €89,680 | €2,704 | -€86,976 | -97.0% |
| Income taxes | 67/77 | €26,287 | €1,710 | -€24,577 | -93.5% |
| Profit (loss) for the period | 9904 | €63,393 | €994 | -€62,399 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,393 | €994 | -€62,399 | -98.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.