Macali 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.
Macali International
Largest movements
- Receivables within one year -€64,886
down €64,886 (-76.2%), from €85,192 to €20,306
- Receivables after one year +€36,739
up €36,739 (+7.0%), from €524,160 to €560,900
- Profit (loss) carried forward -€57,995
down €57,995 (-14.4%), from €403,146 to €345,150
- Tax, wage and social debts +€26,713
up €26,713 (+47.4%), from €56,382 to €83,094
- Other debts +€12,788
up €12,788 (+13.4%), from €95,247 to €108,035
- Trade debts -€6,513
down €6,513 (-11.7%), from €55,451 to €48,938
- Gross operating margin -€84,596
down €84,596, from €49,696 to -€34,900
- Write-downs +€12,911
up €12,911 (+101%), from €12,750 to €25,661
- Taxes -€9,485
no longer reported in 2025 (was €9,485)
- Financial charges +€2,892
up €2,892 (+296%), from €978 to €3,870
- Other operating charges -€1,283
down €1,283 (-61.0%), from €2,103 to €820
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 | €632,225 | €607,218 | -€25,007 | -4.0% |
| Fixed assets | 21/28 | €22,806 | €19,027 | -€3,779 | -16.6% |
| Tangible fixed assets | 22/27 | €22,596 | €19,027 | -€3,569 | -15.8% |
| Plant, machinery and equipment | 23 | €20,700 | €18,400 | -€2,300 | -11.1% |
| Furniture and vehicles | 24 | €1,896 | €627 | -€1,269 | -66.9% |
| Financial fixed assets | 28 | €210 | - | -€210 | |
| Current assets | 29/58 | €609,419 | €588,191 | -€21,228 | -3.5% |
| Amounts receivable after more than one year | 29 | €524,160 | €560,900 | +€36,739 | +7.0% |
| Other amounts receivable | 291 | €524,160 | €560,900 | +€36,739 | +7.0% |
| Amounts receivable within one year | 40/41 | €85,192 | €20,306 | -€64,886 | -76.2% |
| Trade receivables | 40 | €85,192 | €20,306 | -€64,886 | -76.2% |
| Cash at bank and in hand | 54/58 | €66 | €5,546 | +€5,480 | +8,259% |
| Deferred charges and accrued income | 490/1 | - | €1,439 | +€1,439 | |
| Total equity and liabilities | 10/49 | €632,225 | €607,218 | -€25,007 | -4.0% |
| Equity | 10/15 | €425,146 | €367,150 | -€57,995 | -13.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €403,146 | €345,150 | -€57,995 | -14.4% |
| Amounts payable | 17/49 | €207,079 | €240,068 | +€32,989 | +15.9% |
| Amounts payable within one year | 42/48 | €207,079 | €240,068 | +€32,989 | +15.9% |
| Trade debts | 44 | €55,451 | €48,938 | -€6,513 | -11.7% |
| Suppliers | 440/4 | €55,451 | €48,938 | -€6,513 | -11.7% |
| Taxes, remuneration and social security | 45 | €56,382 | €83,094 | +€26,713 | +47.4% |
| Taxes | 450/3 | €56,382 | €83,094 | +€26,713 | +47.4% |
| Other amounts payable | 47/48 | €95,247 | €108,035 | +€12,788 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,443 | €3,569 | -€873 | -19.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,750 | €25,661 | +€12,911 | +101% |
| Other operating charges | 640/8 | €2,103 | €820 | -€1,283 | -61.0% |
| Non-recurring operating charges | 66A | - | €210 | +€210 | |
| Gross operating margin | 9900 | €49,696 | -€34,900 | -€84,596 | |
| Operating profit (loss) | 9901 | €30,400 | -€65,160 | -€95,560 | |
| Financial income | 75/76B | €11,529 | €11,034 | -€495 | -4.3% |
| Recurring financial income | 75 | €11,529 | €11,034 | -€495 | -4.3% |
| Financial charges | 65/66B | €978 | €3,870 | +€2,892 | +296% |
| Recurring financial charges | 65 | €978 | €3,870 | +€2,892 | +296% |
| Profit (loss) for the period before taxes | 9903 | €40,952 | -€57,995 | -€98,947 | |
| Income taxes | 67/77 | €9,485 | - | -€9,485 | |
| Profit (loss) for the period | 9904 | €31,467 | -€57,995 | -€89,462 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,467 | -€57,995 | -€89,462 |
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 1 November 2026 via checked.be.