Macam Projects: what changed
Two fiscal 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.
Macam Projects
Largest movements
- Cash -€22,104
down €22,104 (-78.7%), from €28,103 to €5,999
mainly Tax, wage and social debts (-€12,325) and Deferred charges and accrued income (-€9,594)
- Deferred charges and accrued income +€9,594
up €9,594 (+344.9%), from €2,782 to €12,376
- Tangible fixed assets -€6,513
down €6,513 (-74.6%), from €8,729 to €2,216
- Receivables within one year +€1,916
up €1,916 (+1.6%), from €121,550 to €123,465
of which Other amounts receivable: +€45,722
- Tax, wage and social debts -€12,325
down €12,325 (-45.2%), from €27,294 to €14,969
- Profit (loss) carried forward -€5,062
down €5,062 (-4.7%), from €107,874 to €102,812
- Gross operating margin -€101,137
down €101,137, from €93,335 to -€7,802
- Taxes -€17,909
down €17,909 (-100.0%), from €17,909 to €0
- Financial income +€3,897
up €3,897 (+730.1%), from €534 to €4,430
of which Non-recurring financial income: +€2,002
- Depreciation -€3,516
down €3,516 (-90.2%), from €3,900 to €384
- Other operating charges -€1,094
down €1,094 (-87.3%), from €1,252 to €158
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €161,163 | €144,056 | -€17,107 | -10.6% |
| Fixed assets | 21/28 | €8,729 | €2,216 | -€6,513 | -74.6% |
| Tangible fixed assets | 22/27 | €8,729 | €2,216 | -€6,513 | -74.6% |
| Furniture and vehicles | 24 | €8,729 | €2,216 | -€6,513 | -74.6% |
| Current assets | 29/58 | €152,434 | €141,840 | -€10,594 | -6.9% |
| Amounts receivable within one year | 40/41 | €121,550 | €123,465 | +€1,916 | +1.6% |
| Trade receivables | 40 | €96,739 | €52,933 | -€43,806 | -45.3% |
| Other amounts receivable | 41 | €24,810 | €70,532 | +€45,722 | +184.3% |
| Cash at bank and in hand | 54/58 | €28,103 | €5,999 | -€22,104 | -78.7% |
| Deferred charges and accrued income | 490/1 | €2,782 | €12,376 | +€9,594 | +344.9% |
| Total equity and liabilities | 10/49 | €161,163 | €144,056 | -€17,107 | -10.6% |
| Equity | 10/15 | €109,874 | €104,812 | -€5,062 | -4.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,874 | €102,812 | -€5,062 | -4.7% |
| Amounts payable | 17/49 | €51,289 | €39,244 | -€12,045 | -23.5% |
| Amounts payable within one year | 42/48 | €51,289 | €39,244 | -€12,045 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €23,995 | €24,275 | +€281 | +1.2% |
| Suppliers | 440/4 | €23,995 | €24,275 | +€281 | +1.2% |
| Taxes, remuneration and social security | 45 | €27,294 | €14,969 | -€12,325 | -45.2% |
| Taxes | 450/3 | €27,294 | €14,969 | -€12,325 | -45.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €1,188 | +€1,188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,900 | €384 | -€3,516 | -90.2% |
| Other operating charges | 640/8 | €1,252 | €158 | -€1,094 | -87.3% |
| Gross operating margin | 9900 | €93,335 | -€7,802 | -€101,137 | |
| Operating profit (loss) | 9901 | €88,183 | -€8,344 | -€96,527 | |
| Financial income | 75/76B | €534 | €4,430 | +€3,897 | +730.1% |
| Recurring financial income | 75 | €534 | €2,428 | +€1,894 | +354.9% |
| Non-recurring financial income | 76B | - | €2,002 | +€2,002 | |
| Financial charges | 65/66B | €273 | €1,148 | +€876 | +321.4% |
| Recurring financial charges | 65 | €273 | €1,148 | +€876 | +321.4% |
| Profit (loss) for the period before taxes | 9903 | €88,444 | -€5,062 | -€93,506 | |
| Income taxes | 67/77 | €17,909 | €0 | -€17,909 | -100.0% |
| Profit (loss) for the period | 9904 | €70,535 | -€5,062 | -€75,597 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,535 | -€5,062 | -€75,597 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.