MACA EXPRESS INTERNATIONAL: 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 EXPRESS INTERNATIONAL
Largest movements
- Receivables within one year +€173,664
up €173,664 (+33.8%), from €514,206 to €687,870
of which Trade receivables: +€116,493
- Cash -€111,314
down €111,314 (-28.2%), from €394,511 to €283,197
mainly Contributions, distributions and other (-€320,000) and Receivables within one year (-€173,664)
- Tangible fixed assets -€19,950
down €19,950 (-7.6%), from €261,569 to €241,619
of which Plant, machinery and equipment: -€38,490
- Profit (loss) carried forward -€244,293
down €244,293 (-90.8%), from €268,951 to €24,658
- Other debts +€220,000
up €220,000 (+217%), from €101,330 to €321,330
- Debts after one year +€80,049
new in 2025: €80,049
- Tax, wage and social debts -€21,768
down €21,768 (-91.4%), from €23,807 to €2,039
of which Remuneration and social security: -€11,756
- Current portion of long-term debt +€21,505
new in 2025: €21,505
- Staff costs +€54,093
up €54,093 (+16.8%), from €322,230 to €376,323
- Gross operating margin +€19,371
up €19,371 (+3.5%), from €545,774 to €565,145
- Other operating charges +€10,159
up €10,159 (+66.8%), from €15,210 to €25,368
- Taxes -€7,650
down €7,650 (-27.7%), from €27,650 to €20,000
- Depreciation -€6,615
down €6,615 (-10.3%), from €64,057 to €57,442
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.
Derived cash bridge
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 | €1,222,735 | €1,263,135 | +€40,400 | +3.3% |
| Fixed assets | 21/28 | €311,903 | €289,952 | -€21,950 | -7.0% |
| Intangible fixed assets | 21 | €6,000 | €4,000 | -€2,000 | -33.3% |
| Tangible fixed assets | 22/27 | €261,569 | €241,619 | -€19,950 | -7.6% |
| Plant, machinery and equipment | 23 | €233,100 | €194,609 | -€38,490 | -16.5% |
| Furniture and vehicles | 24 | €28,469 | €47,009 | +€18,540 | +65.1% |
| Financial fixed assets | 28 | €44,334 | €44,334 | = | 0.0% |
| Current assets | 29/58 | €910,833 | €973,183 | +€62,350 | +6.8% |
| Amounts receivable within one year | 40/41 | €514,206 | €687,870 | +€173,664 | +33.8% |
| Trade receivables | 40 | €514,206 | €630,699 | +€116,493 | +22.7% |
| Other amounts receivable | 41 | - | €57,171 | +€57,171 | |
| Current investments | 50/53 | €2,116 | €2,116 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €394,511 | €283,197 | -€111,314 | -28.2% |
| Total equity and liabilities | 10/49 | €1,222,735 | €1,263,135 | +€40,400 | +3.3% |
| Equity | 10/15 | €614,096 | €369,803 | -€244,293 | -39.8% |
| Contributions | 10/11 | €313,726 | €313,726 | = | 0.0% |
| Capital | 10 | €313,726 | €313,726 | = | 0.0% |
| Issued capital | 100 | €313,726 | €313,726 | = | 0.0% |
| Reserves | 13 | €31,419 | €31,419 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,419 | €31,419 | = | 0.0% |
| Legal reserve | 130 | €31,419 | €31,419 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268,951 | €24,658 | -€244,293 | -90.8% |
| Amounts payable | 17/49 | €608,640 | €893,332 | +€284,693 | +46.8% |
| Amounts payable after more than one year | 17 | - | €80,049 | +€80,049 | |
| Financial debts | 170/4 | - | €80,049 | +€80,049 | |
| Amounts payable within one year | 42/48 | €608,640 | €813,283 | +€204,644 | +33.6% |
| Current portion of amounts payable after more than one year | 42 | - | €21,505 | +€21,505 | |
| Financial debts | 43 | €175,000 | €175,000 | = | 0.0% |
| Other loans | 439 | €175,000 | €175,000 | = | 0.0% |
| Trade debts | 44 | €308,502 | €293,409 | -€15,094 | -4.9% |
| Suppliers | 440/4 | €308,502 | €293,409 | -€15,094 | -4.9% |
| Taxes, remuneration and social security | 45 | €23,807 | €2,039 | -€21,768 | -91.4% |
| Taxes | 450/3 | €12,051 | €2,039 | -€10,012 | -83.1% |
| Remuneration and social security | 454/9 | €11,756 | - | -€11,756 | |
| Other amounts payable | 47/48 | €101,330 | €321,330 | +€220,000 | +217% |
| Remuneration, social security and pensions | 62 | €322,230 | €376,323 | +€54,093 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,057 | €57,442 | -€6,615 | -10.3% |
| Other operating charges | 640/8 | €15,210 | €25,368 | +€10,159 | +66.8% |
| Non-recurring operating charges | 66A | €10,486 | €5,547 | -€4,940 | -47.1% |
| Gross operating margin | 9900 | €545,774 | €565,145 | +€19,371 | +3.5% |
| Operating profit (loss) | 9901 | €133,792 | €100,465 | -€33,326 | -24.9% |
| Financial income | 75/76B | €13,866 | €13,254 | -€612 | -4.4% |
| Recurring financial income | 75 | €13,866 | €13,254 | -€612 | -4.4% |
| Financial charges | 65/66B | €18,896 | €18,012 | -€883 | -4.7% |
| Recurring financial charges | 65 | €18,896 | €18,012 | -€883 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €128,762 | €95,707 | -€33,055 | -25.7% |
| Income taxes | 67/77 | €27,650 | €20,000 | -€7,650 | -27.7% |
| Profit (loss) for the period | 9904 | €101,112 | €75,707 | -€25,405 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €101,112 | €75,707 | -€25,405 | -25.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.