MAC STYLE: 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 STYLE
Largest movements
- Stocks and contracts +€36,723
up €36,723 (+36.4%), from €100,883 to €137,606
- Receivables within one year -€10,691
down €10,691 (-9.3%), from €114,835 to €104,144
- Cash +€2,923
up €2,923 (+70.3%), from €4,155 to €7,078
mainly Trade debts (+€35,422) and Receivables within one year (+€10,691)
- Trade debts +€35,422
up €35,422 (+31.9%), from €111,098 to €146,520
- Short-term financial debts -€7,719
no longer reported in 2025 (was €7,719)
- Profit (loss) carried forward -€3,616
down €3,616 (-36.5%), from €9,916 to €6,300
- Other debts +€2,882
up €2,882 (+4.2%), from €69,046 to €71,928
- Staff costs +€16,562
up €16,562 (+30.0%), from €55,141 to €71,703
- Gross operating margin +€9,462
up €9,462 (+15.2%), from €62,074 to €71,536
- Taxes -€1,034
down €1,034 (-74.7%), from €1,384 to €350
- Financial charges -€743
down €743 (-70.6%), from €1,053 to €310
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 | €224,182 | €251,202 | +€27,020 | +12.1% |
| Fixed assets | 21/28 | €4,310 | €2,375 | -€1,935 | -44.9% |
| Tangible fixed assets | 22/27 | €4,202 | €2,267 | -€1,935 | -46.1% |
| Plant, machinery and equipment | 23 | €243 | €150 | -€93 | -38.2% |
| Furniture and vehicles | 24 | €3,510 | €2,018 | -€1,493 | -42.5% |
| Other tangible fixed assets | 26 | €449 | €99 | -€350 | -77.9% |
| Financial fixed assets | 28 | €108 | €108 | = | 0.0% |
| Current assets | 29/58 | €219,872 | €248,827 | +€28,955 | +13.2% |
| Stocks and contracts in progress | 3 | €100,883 | €137,606 | +€36,723 | +36.4% |
| Stocks | 30/36 | €100,883 | €137,606 | +€36,723 | +36.4% |
| Amounts receivable within one year | 40/41 | €114,835 | €104,144 | -€10,691 | -9.3% |
| Trade receivables | 40 | €114,835 | €104,144 | -€10,691 | -9.3% |
| Cash at bank and in hand | 54/58 | €4,155 | €7,078 | +€2,923 | +70.3% |
| Total equity and liabilities | 10/49 | €224,182 | €251,202 | +€27,020 | +12.1% |
| Equity | 10/15 | €24,176 | €20,560 | -€3,616 | -15.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,916 | €6,300 | -€3,616 | -36.5% |
| Amounts payable | 17/49 | €200,006 | €230,642 | +€30,636 | +15.3% |
| Amounts payable within one year | 42/48 | €200,006 | €230,642 | +€30,636 | +15.3% |
| Financial debts | 43 | €7,719 | - | -€7,719 | |
| Credit institutions | 430/8 | €7,719 | - | -€7,719 | |
| Trade debts | 44 | €111,098 | €146,520 | +€35,422 | +31.9% |
| Suppliers | 440/4 | €111,098 | €146,520 | +€35,422 | +31.9% |
| Taxes, remuneration and social security | 45 | €12,143 | €12,194 | +€52 | +0.4% |
| Taxes | 450/3 | €5,350 | €4,258 | -€1,091 | -20.4% |
| Remuneration and social security | 454/9 | €6,793 | €7,936 | +€1,143 | +16.8% |
| Other amounts payable | 47/48 | €69,046 | €71,928 | +€2,882 | +4.2% |
| Remuneration, social security and pensions | 62 | €55,141 | €71,703 | +€16,562 | +30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,567 | €2,348 | -€219 | -8.5% |
| Other operating charges | 640/8 | €422 | €442 | +€20 | +4.8% |
| Gross operating margin | 9900 | €62,074 | €71,536 | +€9,462 | +15.2% |
| Operating profit (loss) | 9901 | €3,943 | -€2,957 | -€6,901 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,053 | €310 | -€743 | -70.6% |
| Recurring financial charges | 65 | €1,053 | €310 | -€743 | -70.6% |
| Profit (loss) for the period before taxes | 9903 | €2,890 | -€3,266 | -€6,157 | |
| Income taxes | 67/77 | €1,384 | €350 | -€1,034 | -74.7% |
| Profit (loss) for the period | 9904 | €1,506 | -€3,616 | -€5,123 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,506 | -€3,616 | -€5,123 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.