MACAN.GROUP: 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.
What changed
MACAN.GROUP
NACE 64.210, Activities of holding companies
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€457,907
2023 · -€559,974+€102,067
Equity
€5.6m
2023 · €6.0m-€457,907
Cash
€63,598
2023 · €118,192-€54,594
Balance sheet total
€27.4m
2023 · €27.0m+€339,004
Largest movements
Assets
- Current investments -€1.8m
no longer reported in 2024 (was €1.8m)
- Financial fixed assets +€1.8m
up €1.8m (+7.7%), from €22.8m to €24.6m
- Receivables within one year +€435,633
up €435,633 (+19.4%), from €2.2m to €2.7m
of which Trade receivables: +€389,985
Equity and liabilities
- Current portion of long-term debt +€2.4m
new in 2024: €2.4m
- Short-term financial debts -€1.3m
no longer reported in 2024 (was €1.3m)
- Trade debts -€540,334
down €540,334 (-69.9%), from €773,411 to €233,076
- Profit (loss) carried forward -€457,907
down €457,907 (-70.4%), from -€650,482 to -€1.1m
Income statement
- Financial charges -€165,631
down €165,631 (-18.2%), from €910,220 to €744,589
- Services and other goods +€129,908
up €129,908 (+15.2%), from €856,398 to €986,307
- Provisions -€58,901
down €58,901, from €29,451 to -€29,451
- Turnover +€57,000
up €57,000 (+1900.0%), from €3,000 to €60,000
- Write-downs +€46,772
new in 2024: €46,772
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.
Result 2023
-€559,974
Turnover
+€57,000
Other operating income
-€537
Services and other goods
-€129,908
Staff costs
+€18,336
Depreciation
-€5,844
Write-downs
-€46,772
Provisions
+€58,901
Other operating charges
-€635
Other operating items
+€2,318
Financial income
-€8,536
Financial charges
+€165,631
Taxes
-€7,887
Result 2024
-€457,907
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.
From operations
-€1.5m
Investment
+€44,261
Financing
+€1.4m
Cash 2023
€118,192
From operations (derived)
-€1.5m
Net result for the year
-€457,907
Depreciation
+€7,705
Receivables within one year
-€435,633
Deferred charges and accrued income
-€9,931
Provisions
-€29,451
Trade debts
-€540,334
Tax, wage and social debts
+€78,113
Other debts
-€798
Accrued charges and deferred income
-€64,350
Investment (derived)
+€44,261
Investment in fixed assets (net)
-€1.8m
Current investments
+€1.8m
Financing
+€1.4m
Debts after one year
+€238,131
Current portion of long-term debt
+€2.4m
Short-term financial debts
-€1.3m
Cash 2024
€63,598
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,047,635 | €27,386,639 | +€339,004 | +1.3% |
| Fixed assets | 21/28 | €22,844,410 | €24,594,537 | +€1.8m | +7.7% |
| Tangible fixed assets | 22/27 | €11,577 | €11,170 | -€407 | -3.5% |
| Furniture and vehicles | 24 | €11,577 | €11,170 | -€407 | -3.5% |
| Financial fixed assets | 28 | €22,832,833 | €24,583,367 | +€1.8m | +7.7% |
| Affiliated companies | 280/1 | €22,832,833 | €24,583,367 | +€1.8m | +7.7% |
| Participating interests | 280 | €19,858,672 | €19,858,672 | = | 0.0% |
| Amounts receivable | 281 | €2,974,161 | €4,724,695 | +€1.8m | +58.9% |
| Current assets | 29/58 | €4,203,225 | €2,792,102 | -€1.4m | -33.6% |
| Amounts receivable within one year | 40/41 | €2,247,217 | €2,682,850 | +€435,633 | +19.4% |
| Trade receivables | 40 | €1,527,684 | €1,917,669 | +€389,985 | +25.5% |
| Other amounts receivable | 41 | €719,533 | €765,181 | +€45,648 | +6.3% |
| Current investments | 50/53 | €1,802,092 | - | -€1.8m | |
| Other investments | 51/53 | €1,802,092 | - | -€1.8m | |
| Cash at bank and in hand | 54/58 | €118,192 | €63,598 | -€54,594 | -46.2% |
| Deferred charges and accrued income | 490/1 | €35,723 | €45,654 | +€9,931 | +27.8% |
| Total equity and liabilities | 10/49 | €27,047,635 | €27,386,639 | +€339,004 | +1.3% |
| Equity | 10/15 | €6,036,546 | €5,578,639 | -€457,907 | -7.6% |
| Contributions | 10/11 | €5,481,658 | €5,481,658 | = | 0.0% |
| Capital | 10 | €5,481,658 | €5,481,658 | = | 0.0% |
| Issued capital | 100 | €5,481,658 | €5,481,658 | = | 0.0% |
| Reserves | 13 | €1,205,370 | €1,205,370 | = | 0.0% |
| Non-distributable reserves | 130/1 | €64,460 | €64,460 | = | 0.0% |
| Legal reserve | 130 | €64,460 | €64,460 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,140,910 | - | -€1.1m | |
| Distributable reserves | 133 | - | €1,140,910 | +€1.1m | |
| Profit (loss) carried forward | 14 | -€650,482 | -€1,108,389 | -€457,907 | -70.4% |
| Provisions and deferred taxes | 16 | €29,451 | - | -€29,451 | |
| Provisions for liabilities and charges | 160/5 | €29,451 | - | -€29,451 | |
| Taxes | 161 | €29,451 | - | -€29,451 | |
| Amounts payable | 17/49 | €20,981,638 | €21,808,000 | +€826,362 | +3.9% |
| Amounts payable after more than one year | 17 | €17,388,455 | €17,626,586 | +€238,131 | +1.4% |
| Financial debts | 170/4 | €3,411,664 | - | -€3.4m | |
| Unsubordinated bonds | 171 | €3,411,664 | - | -€3.4m | |
| Other amounts payable | 178/9 | €13,976,791 | €17,626,586 | +€3.6m | +26.1% |
| Amounts payable within one year | 42/48 | €3,497,097 | €4,149,678 | +€652,581 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | - | €2,365,600 | +€2.4m | |
| Financial debts | 43 | €1,250,000 | - | -€1.3m | |
| Credit institutions | 430/8 | €1,250,000 | - | -€1.3m | |
| Trade debts | 44 | €773,411 | €233,076 | -€540,334 | -69.9% |
| Suppliers | 440/4 | €773,411 | €233,076 | -€540,334 | -69.9% |
| Taxes, remuneration and social security | 45 | €87,088 | €165,201 | +€78,113 | +89.7% |
| Taxes | 450/3 | - | €24,230 | +€24,230 | |
| Remuneration and social security | 454/9 | €87,088 | €140,971 | +€53,883 | +61.9% |
| Other amounts payable | 47/48 | €1,386,598 | €1,385,800 | -€798 | -0.1% |
| Accrued charges and deferred income | 492/3 | €96,087 | €31,737 | -€64,350 | -67.0% |
| Operating income | 70/76A | €1,553,074 | €1,611,855 | +€58,781 | +3.8% |
| Turnover | 70 | €3,000 | €60,000 | +€57,000 | +1900.0% |
| Other operating income | 74 | €1,550,074 | €1,549,538 | -€537 | 0.0% |
| Non-recurring operating income | 76A | - | €2,318 | +€2,318 | |
| Operating charges | 60/66A | €1,561,051 | €1,666,973 | +€105,922 | +6.8% |
| Services and other goods | 61 | €856,398 | €986,307 | +€129,908 | +15.2% |
| Remuneration, social security and pensions | 62 | €672,316 | €653,979 | -€18,336 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,861 | €7,705 | +€5,844 | +314.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €46,772 | +€46,772 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €29,451 | -€29,451 | -€58,901 | |
| Other operating charges | 640/8 | €1,025 | €1,660 | +€635 | +62.0% |
| Operating profit (loss) | 9901 | -€7,977 | -€55,118 | -€47,141 | -591.0% |
| Financial income | 75/76B | €356,629 | €348,093 | -€8,536 | -2.4% |
| Recurring financial income | 75 | €356,629 | €348,093 | -€8,536 | -2.4% |
| Income from financial fixed assets | 750 | €177,944 | €177,505 | -€439 | -0.2% |
| Income from current assets | 751 | €25,231 | €7,131 | -€18,099 | -71.7% |
| Other financial income | 752/9 | €153,454 | €163,457 | +€10,003 | +6.5% |
| Financial charges | 65/66B | €910,220 | €744,589 | -€165,631 | -18.2% |
| Recurring financial charges | 65 | €910,220 | €744,589 | -€165,631 | -18.2% |
| Debt charges | 650 | €791,465 | €761,169 | -€30,296 | -3.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €34,681 | -€90,268 | -€124,949 | |
| Other financial charges | 652/9 | €84,074 | €73,688 | -€10,386 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | -€561,568 | -€451,614 | +€109,954 | +19.6% |
| Income taxes | 67/77 | -€1,594 | €6,293 | +€7,887 | |
| Taxes | 670/3 | €7,589 | €6,293 | -€1,296 | -17.1% |
| Tax adjustments and reversals of tax provisions | 77 | €9,183 | - | -€9,183 | |
| Profit (loss) for the period | 9904 | -€559,974 | -€457,907 | +€102,067 | +18.2% |
| Transfer from tax-exempt reserves | 789 | - | €1,140,910 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€559,974 | €683,003 | +€1.2m |
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.