MACA+: 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.
MACA+
Largest movements
- Tangible fixed assets -€3,939
no longer reported in 2025 (was €3,939)
of which Other tangible fixed assets: -€2,466
- Receivables within one year +€850
up €850 (+17.9%), from €4,760 to €5,610
of which Other amounts receivable: +€450
- Cash -€680
down €680 (-71.7%), from €949 to €269
mainly Net result for the year (-€4,528) and Receivables within one year (-€850)
- Profit (loss) carried forward -€4,528
down €4,528 (-101.6%), from -€4,458 to -€8,986
- Trade debts +€487
up €487 (+98.0%), from €497 to €984
- Tax, wage and social debts +€272
up €272 (+15.9%), from €1,708 to €1,980
of which Remuneration and social security: +€272
- Staff costs +€7,558
up €7,558 (+63.6%), from €11,880 to €19,438
- Gross operating margin +€4,427
up €4,427 (+30.1%), from €14,714 to €19,141
- Other operating charges +€3,793
up €3,793 (+695.6%), from €545 to €4,339
- Depreciation -€1,694
no longer reported in 2025 (was €1,694)
- Financial charges -€787
down €787 (-85.6%), from €919 to €132
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 | €9,648 | €5,879 | -€3,769 | -39.1% |
| Fixed assets | 21/28 | €3,939 | - | -€3,939 | |
| Tangible fixed assets | 22/27 | €3,939 | - | -€3,939 | |
| Furniture and vehicles | 24 | €1,473 | - | -€1,473 | |
| Other tangible fixed assets | 26 | €2,466 | - | -€2,466 | |
| Current assets | 29/58 | €5,709 | €5,879 | +€170 | +3.0% |
| Amounts receivable within one year | 40/41 | €4,760 | €5,610 | +€850 | +17.9% |
| Trade receivables | 40 | - | €400 | +€400 | |
| Other amounts receivable | 41 | €4,760 | €5,210 | +€450 | +9.5% |
| Cash at bank and in hand | 54/58 | €949 | €269 | -€680 | -71.7% |
| Total equity and liabilities | 10/49 | €9,648 | €5,879 | -€3,769 | -39.1% |
| Equity | 10/15 | -€1,458 | -€5,986 | -€4,528 | -310.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,458 | -€8,986 | -€4,528 | -101.6% |
| Amounts payable | 17/49 | €11,106 | €11,865 | +€759 | +6.8% |
| Amounts payable within one year | 42/48 | €11,106 | €11,865 | +€759 | +6.8% |
| Trade debts | 44 | €497 | €984 | +€487 | +98.0% |
| Suppliers | 440/4 | €497 | €984 | +€487 | +98.0% |
| Taxes, remuneration and social security | 45 | €1,708 | €1,980 | +€272 | +15.9% |
| Taxes | 450/3 | €1,060 | €1,060 | = | 0.0% |
| Remuneration and social security | 454/9 | €648 | €920 | +€272 | +42.0% |
| Other amounts payable | 47/48 | €8,901 | €8,901 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €11,880 | €19,438 | +€7,558 | +63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,694 | - | -€1,694 | |
| Other operating charges | 640/8 | €545 | €4,339 | +€3,793 | +695.6% |
| Gross operating margin | 9900 | €14,714 | €19,141 | +€4,427 | +30.1% |
| Operating profit (loss) | 9901 | €594 | -€4,636 | -€5,230 | |
| Financial income | 75/76B | €482 | €240 | -€242 | -50.2% |
| Recurring financial income | 75 | €482 | €240 | -€242 | -50.2% |
| Financial charges | 65/66B | €919 | €132 | -€787 | -85.6% |
| Recurring financial charges | 65 | €919 | €132 | -€787 | -85.6% |
| Profit (loss) for the period before taxes | 9903 | €157 | -€4,528 | -€4,686 | |
| Profit (loss) for the period | 9904 | €157 | -€4,528 | -€4,686 | |
| Profit (loss) for the period to be appropriated | 9905 | €157 | -€4,528 | -€4,686 |
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 3 October 2026 via checked.be.