Macadam: 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.
Macadam
Largest movements
- Cash -€117,686
down €117,686 (-60.4%), from €194,823 to €77,137
mainly Accrued charges and deferred income (-€83,860) and Debts within one year (-€28,812)
- Tangible fixed assets -€18,676
down €18,676 (-100.0%), from €18,676 to €0
of which Plant, machinery and equipment: -€18,087
- Intangible fixed assets +€7,353
new in 2025: €7,353
- Accrued charges and deferred income -€83,860
down €83,860 (-58.6%), from €143,220 to €59,361
- Debts within one year -€28,812
down €28,812 (-24.7%), from €116,675 to €87,863
of which Trade debts: -€32,179
- Investment grants -€11,323
down €11,323 (-60.6%), from €18,677 to €7,353
- Depreciation +€15,644
up €15,644 (+282.9%), from €5,530 to €21,173
- Purchases and services +€13,533
up €13,533 (+12.1%), from €111,574 to €125,106
- Staff costs -€9,383
down €9,383 (-1.6%), from €599,217 to €589,834
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 | €286,793 | €160,427 | -€126,367 | -44.1% |
| Fixed assets | 21/28 | €18,676 | €7,353 | -€11,323 | -60.6% |
| Intangible fixed assets | 21 | - | €7,353 | +€7,353 | |
| Tangible fixed assets | 22/27 | €18,676 | €0 | -€18,676 | -100.0% |
| Plant, machinery and equipment | 23 | €18,087 | - | -€18,087 | |
| Furniture and vehicles | 24 | €589 | - | -€589 | |
| Current assets | 29/58 | €268,117 | €153,074 | -€115,044 | -42.9% |
| Amounts receivable within one year | 40/41 | €73,294 | €75,937 | +€2,643 | +3.6% |
| Other amounts receivable | 41 | €73,294 | €75,937 | +€2,643 | +3.6% |
| Cash at bank and in hand | 54/58 | €194,823 | €77,137 | -€117,686 | -60.4% |
| Total equity and liabilities | 10/49 | €286,793 | €160,427 | -€126,367 | -44.1% |
| Equity | 10/15 | €26,898 | €13,203 | -€13,695 | -50.9% |
| Profit (loss) carried forward | 14 | €8,221 | €5,849 | -€2,372 | -28.9% |
| Investment grants | 15 | €18,677 | €7,353 | -€11,323 | -60.6% |
| Amounts payable | 17/49 | €259,895 | €147,224 | -€112,671 | -43.4% |
| Amounts payable within one year | 42/48 | €116,675 | €87,863 | -€28,812 | -24.7% |
| Trade debts | 44 | €38,848 | €6,669 | -€32,179 | -82.8% |
| Suppliers | 440/4 | €38,848 | €6,669 | -€32,179 | -82.8% |
| Taxes, remuneration and social security | 45 | €47,827 | €81,194 | +€33,368 | +69.8% |
| Remuneration and social security | 454/9 | €47,827 | €81,194 | +€33,368 | +69.8% |
| Accrued charges and deferred income | 492/3 | €143,220 | €59,361 | -€83,860 | -58.6% |
| Non-recurring operating income | 76A | €6,992 | €26,618 | +€19,625 | +280.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €111,574 | €125,106 | +€13,533 | +12.1% |
| Remuneration, social security and pensions | 62 | €599,217 | €589,834 | -€9,383 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,530 | €21,173 | +€15,644 | +282.9% |
| Other operating charges | 640/8 | €380 | €229 | -€151 | -39.8% |
| Gross operating margin | 9900 | €614,535 | €612,125 | -€2,411 | -0.4% |
| Operating profit (loss) | 9901 | €9,409 | €889 | -€8,520 | -90.6% |
| Financial income | 75/76B | €0 | €2 | +€2 | +22500.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +22500.0% |
| Financial charges | 65/66B | €314 | €3,264 | +€2,950 | +939.4% |
| Recurring financial charges | 65 | €357 | €300 | -€56 | -15.8% |
| Non-recurring financial charges | 66B | -€43 | €2,963 | +€3,006 | |
| Profit (loss) for the period before taxes | 9903 | €9,095 | -€2,372 | -€11,467 | |
| Profit (loss) for the period | 9904 | €9,095 | -€2,372 | -€11,467 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,095 | -€2,372 | -€11,467 |
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 9 October 2026 via checked.be.