Maca development: 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.
Maca development
Largest movements
- Cash -€6,508
down €6,508 (-26.2%), from €24,882 to €18,375
mainly Net result for the year (-€9,620) and Debts after one year (-€4,543)
- Tangible fixed assets -€5,227
down €5,227 (-21.5%), from €24,287 to €19,060
of which Furniture and vehicles: -€5,227
- Receivables within one year -€1,551
down €1,551 (-31.4%), from €4,933 to €3,382
of which Trade receivables: -€2,184
- Profit (loss) carried forward -€9,620
down €9,620 (-8.8%), from -€108,971 to -€118,591
- Debts after one year -€4,543
down €4,543 (-43.3%), from €10,505 to €5,961
- Advances received +€3,327
new in 2025: €3,327
- Tax, wage and social debts -€2,768
no longer reported in 2025 (was €2,768)
of which Remuneration and social security: -€1,500
- Gross operating margin -€16,053
down €16,053, from €14,180 to -€1,873
- Financial charges +€2,741
up €2,741, from -€1,963 to €778
- Other operating charges -€1,580
down €1,580 (-63.3%), from €2,496 to €916
- Depreciation -€1,124
down €1,124 (-16.2%), from €6,960 to €5,836
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 | €54,127 | €40,841 | -€13,286 | -24.5% |
| Fixed assets | 21/28 | €24,312 | €19,085 | -€5,227 | -21.5% |
| Tangible fixed assets | 22/27 | €24,287 | €19,060 | -€5,227 | -21.5% |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €24,286 | €19,060 | -€5,227 | -21.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €29,815 | €21,756 | -€8,059 | -27.0% |
| Amounts receivable within one year | 40/41 | €4,933 | €3,382 | -€1,551 | -31.4% |
| Trade receivables | 40 | €4,933 | €2,749 | -€2,184 | -44.3% |
| Other amounts receivable | 41 | - | €633 | +€633 | |
| Cash at bank and in hand | 54/58 | €24,882 | €18,375 | -€6,508 | -26.2% |
| Total equity and liabilities | 10/49 | €54,127 | €40,841 | -€13,286 | -24.5% |
| Equity | 10/15 | €36,229 | €26,609 | -€9,620 | -26.6% |
| Contributions | 10/11 | €114,000 | €114,000 | = | 0.0% |
| Contributions outside capital | 11 | €114,000 | €114,000 | = | 0.0% |
| Other | 1109/19 | €114,000 | €114,000 | = | 0.0% |
| Reserves | 13 | €31,200 | €31,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,400 | €11,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,400 | €11,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,800 | €19,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,971 | -€118,591 | -€9,620 | -8.8% |
| Amounts payable | 17/49 | €17,898 | €14,232 | -€3,666 | -20.5% |
| Amounts payable after more than one year | 17 | €10,505 | €5,961 | -€4,543 | -43.3% |
| Financial debts | 170/4 | €10,505 | €5,961 | -€4,543 | -43.3% |
| Amounts payable within one year | 42/48 | €7,393 | €8,270 | +€878 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €4,352 | €4,543 | +€191 | +4.4% |
| Trade debts | 44 | €272 | €400 | +€128 | +47.0% |
| Suppliers | 440/4 | €272 | €400 | +€128 | +47.0% |
| Advances received on contracts in progress | 46 | - | €3,327 | +€3,327 | |
| Taxes, remuneration and social security | 45 | €2,768 | - | -€2,768 | |
| Taxes | 450/3 | €1,268 | - | -€1,268 | |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,960 | €5,836 | -€1,124 | -16.2% |
| Other operating charges | 640/8 | €2,496 | €916 | -€1,580 | -63.3% |
| Gross operating margin | 9900 | €14,180 | -€1,873 | -€16,053 | |
| Operating profit (loss) | 9901 | €4,725 | -€8,625 | -€13,349 | |
| Financial charges | 65/66B | -€1,963 | €778 | +€2,741 | |
| Recurring financial charges | 65 | -€1,963 | €778 | +€2,741 | |
| Profit (loss) for the period before taxes | 9903 | €6,688 | -€9,403 | -€16,091 | |
| Income taxes | 67/77 | €319 | €218 | -€101 | -31.7% |
| Profit (loss) for the period | 9904 | €6,369 | -€9,620 | -€15,990 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,369 | -€9,620 | -€15,990 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.