MAC² SOLUTIONS: 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.
What changed
MAC² SOLUTIONS
NACE 38.330, Waste collection, recovery and disposal activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€71,499
2024 · €1.5m-€1.6m
Equity
€5.3m
2024 · €5.4m-€71,499
Cash
€27,652
2024 · €49,574-€21,922
Balance sheet total
€14.2m
2024 · €15.1m-€942,271
Largest movements
Assets
- Receivables within one year -€903,901
down €903,901 (-26.5%), from €3.4m to €2.5m
of which Trade receivables: -€807,869
Equity and liabilities
- Debts after one year -€826,395
down €826,395 (-21.4%), from €3.9m to €3.0m
- Accrued charges and deferred income +€699,719
up €699,719 (+41.7%), from €1.7m to €2.4m
- Trade debts -€617,492
down €617,492 (-25.2%), from €2.5m to €1.8m
Income statement
- Turnover -€2.0m
down €2.0m (-14.8%), from €13.8m to €11.8m
- Other operating income -€386,707
down €386,707 (-62.4%), from €620,030 to €233,323
- Goods and materials -€377,975
down €377,975 (-12.3%), from €3.1m to €2.7m
of which Purchases: -€582,689
- Services and other goods -€210,185
down €210,185 (-3.8%), from €5.6m to €5.4m
- Staff costs -€164,465
down €164,465 (-6.7%), from €2.4m to €2.3m
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.
Result 2024
€1.5m
Turnover
-€2.0m
Other operating income
-€386,707
Goods and materials
+€377,975
Services and other goods
+€210,185
Staff costs
+€164,465
Depreciation
-€95,600
Write-downs
-€41,991
Provisions
-€55,000
Other operating charges
-€106,054
Other operating items
+€317,666
Financial income
-€20,850
Financial charges
+€5,367
Taxes
+€61,770
Result 2025
-€71,499
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.
From operations
+€2.1m
Investment
-€1.3m
Financing
-€812,753
Cash 2024
€49,574
From operations (derived)
+€2.1m
Net result for the year
-€71,499
Depreciation
+€1.2m
Stocks and contracts
+€28,071
Receivables within one year
+€903,901
Deferred charges and accrued income
+€64,763
Provisions
+€54,100
Trade debts
-€617,492
Tax, wage and social debts
-€92,431
Other debts
-€101,916
Accrued charges and deferred income
+€699,719
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
-€812,753
Debts after one year
-€826,395
Current portion of long-term debt
+€13,642
Cash 2025
€27,652
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,102,073 | €14,159,802 | -€942,271 | -6.2% |
| Fixed assets | 21/28 | €11,000,660 | €11,077,046 | +€76,386 | +0.7% |
| Intangible fixed assets | 21 | €65,825 | €128,068 | +€62,244 | +94.6% |
| Tangible fixed assets | 22/27 | €10,931,973 | €10,946,116 | +€14,143 | +0.1% |
| Land and buildings | 22 | €8,619,344 | €8,861,896 | +€242,552 | +2.8% |
| Plant, machinery and equipment | 23 | €1,941,639 | €1,845,539 | -€96,100 | -4.9% |
| Furniture and vehicles | 24 | €163,855 | €177,119 | +€13,264 | +8.1% |
| Assets under construction and advance payments | 27 | €207,136 | €61,563 | -€145,574 | -70.3% |
| Financial fixed assets | 28 | €2,862 | €2,862 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,862 | €2,862 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,862 | €2,862 | = | 0.0% |
| Current assets | 29/58 | €4,101,413 | €3,082,755 | -€1.0m | -24.8% |
| Stocks and contracts in progress | 3 | €493,060 | €464,989 | -€28,071 | -5.7% |
| Stocks | 30/36 | €493,060 | €464,989 | -€28,071 | -5.7% |
| Raw materials and consumables | 30/31 | €493,060 | €464,989 | -€28,071 | -5.7% |
| Amounts receivable within one year | 40/41 | €3,407,384 | €2,503,483 | -€903,901 | -26.5% |
| Trade receivables | 40 | €2,665,013 | €1,857,144 | -€807,869 | -30.3% |
| Other amounts receivable | 41 | €742,371 | €646,339 | -€96,032 | -12.9% |
| Cash at bank and in hand | 54/58 | €49,574 | €27,652 | -€21,922 | -44.2% |
| Deferred charges and accrued income | 490/1 | €151,395 | €86,632 | -€64,763 | -42.8% |
| Total equity and liabilities | 10/49 | €15,102,073 | €14,159,802 | -€942,271 | -6.2% |
| Equity | 10/15 | €5,388,339 | €5,316,841 | -€71,499 | -1.3% |
| Contributions | 10/11 | €1,847,671 | €1,847,671 | = | 0.0% |
| Capital | 10 | €1,847,671 | €1,847,671 | = | 0.0% |
| Issued capital | 100 | €1,847,671 | €1,847,671 | = | 0.0% |
| Reserves | 13 | €3,540,669 | €3,469,170 | -€71,499 | -2.0% |
| Non-distributable reserves | 130/1 | €184,767 | €184,767 | = | 0.0% |
| Legal reserve | 130 | €184,767 | €184,767 | = | 0.0% |
| Distributable reserves | 133 | €3,355,902 | €3,284,403 | -€71,499 | -2.1% |
| Provisions and deferred taxes | 16 | €16,546 | €70,646 | +€54,100 | +327.0% |
| Provisions for liabilities and charges | 160/5 | €16,546 | €70,646 | +€54,100 | +327.0% |
| Major repairs and maintenance | 162 | €16,546 | €15,646 | -€900 | -5.4% |
| Other liabilities and charges | 164/5 | - | €55,000 | +€55,000 | |
| Amounts payable | 17/49 | €9,697,187 | €8,772,315 | -€924,873 | -9.5% |
| Amounts payable after more than one year | 17 | €3,867,420 | €3,041,025 | -€826,395 | -21.4% |
| Financial debts | 170/4 | €3,867,420 | €3,041,025 | -€826,395 | -21.4% |
| Credit institutions | 173 | €3,867,420 | €3,041,025 | -€826,395 | -21.4% |
| Amounts payable within one year | 42/48 | €4,152,380 | €3,354,183 | -€798,197 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €812,753 | €826,395 | +€13,642 | +1.7% |
| Trade debts | 44 | €2,453,824 | €1,836,332 | -€617,492 | -25.2% |
| Suppliers | 440/4 | €2,453,824 | €1,836,332 | -€617,492 | -25.2% |
| Taxes, remuneration and social security | 45 | €311,293 | €218,862 | -€92,431 | -29.7% |
| Taxes | 450/3 | €66,572 | €63,050 | -€3,523 | -5.3% |
| Remuneration and social security | 454/9 | €244,721 | €155,812 | -€88,909 | -36.3% |
| Other amounts payable | 47/48 | €574,510 | €472,594 | -€101,916 | -17.7% |
| Accrued charges and deferred income | 492/3 | €1,677,388 | €2,377,107 | +€699,719 | +41.7% |
| Operating income | 70/76A | €14,439,070 | €12,022,732 | -€2.4m | -16.7% |
| Turnover | 70 | €13,810,146 | €11,770,030 | -€2.0m | -14.8% |
| Other operating income | 74 | €620,030 | €233,323 | -€386,707 | -62.4% |
| Non-recurring operating income | 76A | €8,894 | €19,379 | +€10,485 | +117.9% |
| Operating charges | 60/66A | €12,754,503 | €11,993,342 | -€761,161 | -6.0% |
| Goods for resale, raw materials and consumables | 60 | €3,083,567 | €2,705,592 | -€377,975 | -12.3% |
| Purchases | 600/8 | €3,260,210 | €2,677,521 | -€582,689 | -17.9% |
| Change in stocks: decrease (increase) | 609 | -€176,643 | €28,071 | +€204,714 | |
| Services and other goods | 61 | €5,584,239 | €5,374,054 | -€210,185 | -3.8% |
| Remuneration, social security and pensions | 62 | €2,442,102 | €2,277,637 | -€164,465 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,105,632 | €1,201,232 | +€95,600 | +8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €41,991 | +€41,991 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€900 | €54,100 | +€55,000 | |
| Other operating charges | 640/8 | €226,782 | €332,836 | +€106,054 | +46.8% |
| Non-recurring operating charges | 66A | €313,082 | €5,900 | -€307,182 | -98.1% |
| Operating profit (loss) | 9901 | €1,684,566 | €29,390 | -€1.7m | -98.3% |
| Financial income | 75/76B | €43,515 | €22,665 | -€20,850 | -47.9% |
| Recurring financial income | 75 | €43,515 | €22,665 | -€20,850 | -47.9% |
| Income from current assets | 751 | €42,879 | €22,665 | -€20,214 | -47.1% |
| Other financial income | 752/9 | €636 | €0 | -€636 | -100.0% |
| Financial charges | 65/66B | €127,948 | €122,581 | -€5,367 | -4.2% |
| Recurring financial charges | 65 | €127,948 | €122,581 | -€5,367 | -4.2% |
| Debt charges | 650 | €122,066 | €115,701 | -€6,365 | -5.2% |
| Other financial charges | 652/9 | €5,882 | €6,880 | +€998 | +17.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €1,600,134 | -€70,526 | -€1.7m | |
| Income taxes | 67/77 | €62,743 | €973 | -€61,770 | -98.4% |
| Taxes | 670/3 | €62,743 | €1,601 | -€61,142 | -97.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €627 | +€627 | |
| Profit (loss) for the period | 9904 | €1,537,391 | -€71,499 | -€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,537,391 | -€71,499 | -€1.6m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.