MACALOU: 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.
MACALOU
Largest movements
- Cash +€15,471
up €15,471 (+60.4%), from €25,598 to €41,068
mainly Net result for the year (+€21,053) and Depreciation (+€14,556)
- Tangible fixed assets -€12,851
down €12,851 (-26.3%), from €48,797 to €35,946
of which Other tangible fixed assets: -€10,002
- Receivables within one year -€8,939
down €8,939 (-53.1%), from €16,831 to €7,893
of which Trade receivables: -€14,805
- Intangible fixed assets -€2,973
down €2,973 (-25.0%), from €11,890 to €8,918
- Deferred charges and accrued income +€1,139
up €1,139 (+174%), from €653 to €1,792
- Other debts -€23,403
down €23,403 (-44.6%), from €52,524 to €29,121
- Profit (loss) carried forward +€21,053
up €21,053 (+197%), from €10,684 to €31,737
- Trade debts -€8,737
down €8,737 (-66.0%), from €13,235 to €4,498
- Tax, wage and social debts +€5,715
up €5,715 (+47.1%), from €12,146 to €17,861
of which Remuneration and social security: +€14,708
- Current portion of long-term debt -€2,051
down €2,051 (-100%), from €2,051 to €0
- Staff costs +€15,370
up €15,370 (+20.2%), from €76,016 to €91,386
- Gross operating margin +€14,874
up €14,874 (+12.1%), from €122,488 to €137,362
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 | €109,969 | €101,817 | -€8,152 | -7.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €66,887 | €51,064 | -€15,823 | -23.7% |
| Intangible fixed assets | 21 | €11,890 | €8,918 | -€2,973 | -25.0% |
| Tangible fixed assets | 22/27 | €48,797 | €35,946 | -€12,851 | -26.3% |
| Plant, machinery and equipment | 23 | €415 | €831 | +€416 | +100% |
| Furniture and vehicles | 24 | €2,474 | €4,455 | +€1,982 | +80.1% |
| Other tangible fixed assets | 26 | €40,661 | €30,659 | -€10,002 | -24.6% |
| Assets under construction and advance payments | 27 | €5,247 | €0 | -€5,247 | -100% |
| Financial fixed assets | 28 | €6,200 | €6,200 | = | 0.0% |
| Current assets | 29/58 | €43,082 | €50,753 | +€7,671 | +17.8% |
| Amounts receivable within one year | 40/41 | €16,831 | €7,893 | -€8,939 | -53.1% |
| Trade receivables | 40 | €14,805 | €0 | -€14,805 | -100% |
| Other amounts receivable | 41 | €2,027 | €7,893 | +€5,866 | +289% |
| Cash at bank and in hand | 54/58 | €25,598 | €41,068 | +€15,471 | +60.4% |
| Deferred charges and accrued income | 490/1 | €653 | €1,792 | +€1,139 | +174% |
| Total equity and liabilities | 10/49 | €109,969 | €101,817 | -€8,152 | -7.4% |
| Equity | 10/15 | €29,284 | €50,337 | +€21,053 | +71.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,684 | €31,737 | +€21,053 | +197% |
| Amounts payable | 17/49 | €80,685 | €51,480 | -€29,206 | -36.2% |
| Amounts payable after more than one year | 17 | €0 | €0 | = | |
| Financial debts | 170/4 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €79,955 | €51,480 | -€28,476 | -35.6% |
| Current portion of amounts payable after more than one year | 42 | €2,051 | €0 | -€2,051 | -100% |
| Trade debts | 44 | €13,235 | €4,498 | -€8,737 | -66.0% |
| Suppliers | 440/4 | €13,235 | €4,498 | -€8,737 | -66.0% |
| Taxes, remuneration and social security | 45 | €12,146 | €17,861 | +€5,715 | +47.1% |
| Taxes | 450/3 | €10,116 | €1,122 | -€8,993 | -88.9% |
| Remuneration and social security | 454/9 | €2,030 | €16,738 | +€14,708 | +725% |
| Other amounts payable | 47/48 | €52,524 | €29,121 | -€23,403 | -44.6% |
| Accrued charges and deferred income | 492/3 | €730 | €0 | -€730 | -100% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €76,016 | €91,386 | +€15,370 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,292 | €14,556 | +€264 | +1.8% |
| Other operating charges | 640/8 | €734 | €737 | +€3 | +0.4% |
| Gross operating margin | 9900 | €122,488 | €137,362 | +€14,874 | +12.1% |
| Operating profit (loss) | 9901 | €31,447 | €30,684 | -€763 | -2.4% |
| Financial charges | 65/66B | €2,021 | €3,327 | +€1,306 | +64.6% |
| Recurring financial charges | 65 | €2,021 | €3,327 | +€1,306 | +64.6% |
| Profit (loss) for the period before taxes | 9903 | €29,426 | €27,357 | -€2,069 | -7.0% |
| Income taxes | 67/77 | €7,266 | €6,304 | -€962 | -13.2% |
| Profit (loss) for the period | 9904 | €22,160 | €21,053 | -€1,106 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,160 | €21,053 | -€1,106 | -5.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.