MACANT INVEST: what changed
What changed
MACANT INVEST
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€10,261
2024 · €15,995-€5,733
Equity
€2.5m
2024 · €2.5m-€18,557
Cash
€171,688
2024 · €66,492+€105,196
Balance sheet total
€2.8m
2024 · €2.8m-€8,101
Largest movements
Assets
- Cash +€105,196
up €105,196 (+158%), from €66,492 to €171,688
mainly Depreciation (+€64,666) and Receivables within one year (+€48,555)
- Tangible fixed assets -€64,666
down €64,666 (-2.5%), from €2.6m to €2.6m
of which Land and buildings: -€64,666
- Receivables within one year -€48,555
down €48,555 (-65.0%), from €74,669 to €26,114
of which Trade receivables: -€38,361
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€10,651
up €10,651 (+13.7%), from €77,625 to €88,276
- Depreciation +€9,263
up €9,263 (+16.7%), from €55,402 to €64,666
- Taxes +€4,139
up €4,139 (+277%), from €1,497 to €5,636
- Financial charges +€2,998
up €2,998 (+72.6%), from €4,129 to €7,127
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€15,995
Gross operating margin
+€10,651
Depreciation
-€9,263
Other operating charges
+€17
Financial income
-€1
Financial charges
-€2,998
Taxes
-€4,139
Result 2025
€10,261
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€134,014
Investment
€0
Financing
-€28,818
Cash 2024
€66,492
From operations (derived)
+€134,014
Net result for the year
+€10,261
Depreciation
+€64,666
Receivables within one year
+€48,555
Deferred charges and accrued income
+€76
Trade debts
+€2,629
Tax, wage and social debts
+€1,188
Other debts
+€2,152
Accrued charges and deferred income
+€4,486
Financing
-€28,818
Contributions, distributions and other
-€28,818
Cash 2025
€171,688
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,771,512 | €2,763,411 | -€8,101 | -0.3% |
| Fixed assets | 21/28 | €2,630,275 | €2,565,609 | -€64,666 | -2.5% |
| Tangible fixed assets | 22/27 | €2,630,275 | €2,565,609 | -€64,666 | -2.5% |
| Land and buildings | 22 | €2,630,275 | €2,565,609 | -€64,666 | -2.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €141,238 | €197,802 | +€56,564 | +40.0% |
| Amounts receivable within one year | 40/41 | €74,669 | €26,114 | -€48,555 | -65.0% |
| Trade receivables | 40 | €48,456 | €10,095 | -€38,361 | -79.2% |
| Other amounts receivable | 41 | €26,213 | €16,019 | -€10,194 | -38.9% |
| Cash at bank and in hand | 54/58 | €66,492 | €171,688 | +€105,196 | +158% |
| Deferred charges and accrued income | 490/1 | €76 | €0 | -€76 | -100% |
| Total equity and liabilities | 10/49 | €2,771,512 | €2,763,411 | -€8,101 | -0.3% |
| Equity | 10/15 | €2,525,836 | €2,507,279 | -€18,557 | -0.7% |
| Contributions | 10/11 | €162,469 | €162,469 | = | 0.0% |
| Revaluation surpluses | 12 | €2,076,000 | €2,076,000 | = | 0.0% |
| Reserves | 13 | €287,367 | €268,810 | -€18,557 | -6.5% |
| Non-distributable reserves | 130/1 | €16,247 | €16,247 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,247 | €16,247 | = | 0.0% |
| Distributable reserves | 133 | €271,120 | €252,563 | -€18,557 | -6.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €245,676 | €256,132 | +€10,455 | +4.3% |
| Amounts payable within one year | 42/48 | €152,554 | €158,523 | +€5,969 | +3.9% |
| Trade debts | 44 | €15,834 | €18,463 | +€2,629 | +16.6% |
| Suppliers | 440/4 | €15,834 | €18,463 | +€2,629 | +16.6% |
| Taxes, remuneration and social security | 45 | €2,000 | €3,188 | +€1,188 | +59.4% |
| Taxes | 450/3 | €2,000 | €3,188 | +€1,188 | +59.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €134,720 | €136,872 | +€2,152 | +1.6% |
| Accrued charges and deferred income | 492/3 | €93,122 | €97,609 | +€4,486 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,402 | €64,666 | +€9,263 | +16.7% |
| Other operating charges | 640/8 | €1,136 | €1,118 | -€17 | -1.5% |
| Gross operating margin | 9900 | €77,625 | €88,276 | +€10,651 | +13.7% |
| Operating profit (loss) | 9901 | €21,087 | €22,492 | +€1,405 | +6.7% |
| Financial income | 75/76B | €534 | €533 | -€1 | -0.1% |
| Recurring financial income | 75 | €534 | €533 | -€1 | -0.1% |
| Financial charges | 65/66B | €4,129 | €7,127 | +€2,998 | +72.6% |
| Recurring financial charges | 65 | €4,129 | €7,127 | +€2,998 | +72.6% |
| Profit (loss) for the period before taxes | 9903 | €17,492 | €15,897 | -€1,594 | -9.1% |
| Income taxes | 67/77 | €1,497 | €5,636 | +€4,139 | +277% |
| Profit (loss) for the period | 9904 | €15,995 | €10,261 | -€5,733 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,995 | €10,261 | -€5,733 | -35.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.