MACABELLE: 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.
MACABELLE
Largest movements
- Tangible fixed assets +€19,914
new in 2025: €19,914
- Cash -€8,931
down €8,931 (-33.6%), from €26,591 to €17,660
mainly Investment in fixed assets (net) (-€24,921) and Accrued charges and deferred income (-€625)
- Deferred charges and accrued income +€580
new in 2025: €580
- Tax, wage and social debts +€5,802
up €5,802 (+130.6%), from €4,444 to €10,246
of which Taxes: +€3,802
- Reserves +€5,433
up €5,433 (+30.6%), from €17,775 to €23,208
- Other debts +€1,125
new in 2025: €1,125
- Accrued charges and deferred income -€625
down €625 (-55.6%), from €1,125 to €500
- Trade debts -€392
down €392 (-36.6%), from €1,071 to €679
- Gross operating margin -€9,866
down €9,866 (-43.7%), from €22,598 to €12,732
- Depreciation +€5,007
new in 2025: €5,007
- Taxes -€2,642
down €2,642 (-59.4%), from €4,444 to €1,802
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 | €27,415 | €38,758 | +€11,344 | +41.4% |
| Fixed assets | 21/28 | - | €19,914 | +€19,914 | |
| Tangible fixed assets | 22/27 | - | €19,914 | +€19,914 | |
| Furniture and vehicles | 24 | - | €19,914 | +€19,914 | |
| Current assets | 29/58 | €27,415 | €18,844 | -€8,570 | -31.3% |
| Amounts receivable within one year | 40/41 | €824 | €605 | -€219 | -26.6% |
| Other amounts receivable | 41 | €824 | €605 | -€219 | -26.6% |
| Cash at bank and in hand | 54/58 | €26,591 | €17,660 | -€8,931 | -33.6% |
| Deferred charges and accrued income | 490/1 | - | €580 | +€580 | |
| Total equity and liabilities | 10/49 | €27,415 | €38,758 | +€11,344 | +41.4% |
| Equity | 10/15 | €20,775 | €26,208 | +€5,433 | +26.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,775 | €23,208 | +€5,433 | +30.6% |
| Distributable reserves | 133 | €17,775 | €23,208 | +€5,433 | +30.6% |
| Amounts payable | 17/49 | €6,640 | €12,550 | +€5,910 | +89.0% |
| Amounts payable within one year | 42/48 | €5,515 | €12,050 | +€6,535 | +118.5% |
| Trade debts | 44 | €1,071 | €679 | -€392 | -36.6% |
| Suppliers | 440/4 | €1,071 | €679 | -€392 | -36.6% |
| Taxes, remuneration and social security | 45 | €4,444 | €10,246 | +€5,802 | +130.6% |
| Taxes | 450/3 | €4,444 | €8,246 | +€3,802 | +85.6% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | - | €1,125 | +€1,125 | |
| Accrued charges and deferred income | 492/3 | €1,125 | €500 | -€625 | -55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,007 | +€5,007 | |
| Other operating charges | 640/8 | €322 | €298 | -€24 | -7.5% |
| Gross operating margin | 9900 | €22,598 | €12,732 | -€9,866 | -43.7% |
| Operating profit (loss) | 9901 | €22,276 | €7,427 | -€14,849 | -66.7% |
| Financial charges | 65/66B | €57 | €192 | +€135 | +237.0% |
| Recurring financial charges | 65 | €57 | €192 | +€135 | +237.0% |
| Profit (loss) for the period before taxes | 9903 | €22,219 | €7,235 | -€14,984 | -67.4% |
| Income taxes | 67/77 | €4,444 | €1,802 | -€2,642 | -59.4% |
| Profit (loss) for the period | 9904 | €17,775 | €5,433 | -€12,342 | -69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,775 | €5,433 | -€12,342 | -69.4% |
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 10 October 2026 via checked.be.