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
- Current investments +€22,055
up €22,055 (+81.7%), from €27,000 to €49,055
- Cash -€19,138
down €19,138 (-28.2%), from €67,822 to €48,684
mainly Current investments (-€22,055) and Tax, wage and social debts (-€14,228)
- Tangible fixed assets +€10,785
up €10,785 (+956.5%), from €1,128 to €11,912
of which Plant, machinery and equipment: +€10,181
- Deferred charges and accrued income -€9,639
down €9,639 (-75.9%), from €12,707 to €3,067
- Receivables within one year -€1,731
down €1,731 (-4.5%), from €38,282 to €36,551
of which Trade receivables: -€6,293
- Reserves +€18,146
up €18,146 (+17.7%), from €102,403 to €120,549
- Tax, wage and social debts -€14,228
down €14,228 (-38.4%), from €37,052 to €22,824
- Trade debts -€3,908
no longer reported in 2024 (was €3,908)
- Other debts +€2,321
up €2,321 (+147.4%), from €1,575 to €3,896
- Gross operating margin -€73,385
down €73,385 (-72.3%), from €101,486 to €28,101
- Taxes -€21,670
down €21,670 (-71.5%), from €30,324 to €8,654
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 | €146,938 | €149,269 | +€2,331 | +1.6% |
| Fixed assets | 21/28 | €1,128 | €11,912 | +€10,785 | +956.5% |
| Tangible fixed assets | 22/27 | €1,128 | €11,912 | +€10,785 | +956.5% |
| Plant, machinery and equipment | 23 | - | €10,181 | +€10,181 | |
| Furniture and vehicles | 24 | €1,128 | €1,732 | +€604 | +53.6% |
| Current assets | 29/58 | €145,811 | €137,357 | -€8,454 | -5.8% |
| Amounts receivable within one year | 40/41 | €38,282 | €36,551 | -€1,731 | -4.5% |
| Trade receivables | 40 | €38,222 | €31,929 | -€6,293 | -16.5% |
| Other amounts receivable | 41 | €60 | €4,622 | +€4,562 | +7602.6% |
| Current investments | 50/53 | €27,000 | €49,055 | +€22,055 | +81.7% |
| Cash at bank and in hand | 54/58 | €67,822 | €48,684 | -€19,138 | -28.2% |
| Deferred charges and accrued income | 490/1 | €12,707 | €3,067 | -€9,639 | -75.9% |
| Total equity and liabilities | 10/49 | €146,938 | €149,269 | +€2,331 | +1.6% |
| Equity | 10/15 | €104,403 | €122,549 | +€18,146 | +17.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €102,403 | €120,549 | +€18,146 | +17.7% |
| Distributable reserves | 133 | €102,403 | €120,549 | +€18,146 | +17.7% |
| Amounts payable | 17/49 | €42,535 | €26,720 | -€15,815 | -37.2% |
| Amounts payable within one year | 42/48 | €42,535 | €26,720 | -€15,815 | -37.2% |
| Trade debts | 44 | €3,908 | - | -€3,908 | |
| Suppliers | 440/4 | €3,908 | - | -€3,908 | |
| Taxes, remuneration and social security | 45 | €37,052 | €22,824 | -€14,228 | -38.4% |
| Taxes | 450/3 | €37,052 | €22,824 | -€14,228 | -38.4% |
| Other amounts payable | 47/48 | €1,575 | €3,896 | +€2,321 | +147.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €637 | €858 | +€221 | +34.7% |
| Other operating charges | 640/8 | €305 | €397 | +€92 | +30.2% |
| Gross operating margin | 9900 | €101,486 | €28,101 | -€73,385 | -72.3% |
| Operating profit (loss) | 9901 | €100,544 | €26,846 | -€73,698 | -73.3% |
| Financial income | 75/76B | €99 | - | -€99 | |
| Recurring financial income | 75 | €99 | - | -€99 | |
| Financial charges | 65/66B | €246 | €46 | -€200 | -81.2% |
| Recurring financial charges | 65 | €246 | €46 | -€200 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | €100,398 | €26,800 | -€73,598 | -73.3% |
| Income taxes | 67/77 | €30,324 | €8,654 | -€21,670 | -71.5% |
| Profit (loss) for the period | 9904 | €70,074 | €18,146 | -€51,927 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,074 | €18,146 | -€51,927 | -74.1% |
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 5 October 2026 via checked.be.