MACARO'N CO: 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.
MACARO'N CO
Largest movements
- Tangible fixed assets -€21,835
down €21,835 (-36.0%), from €60,701 to €38,867
of which Plant, machinery and equipment: -€12,519
- Stocks and contracts -€13,091
down €13,091 (-28.1%), from €46,620 to €33,529
- Profit (loss) carried forward -€32,308
down €32,308, from €1,763 to -€30,545
- Trade debts +€21,330
up €21,330 (+77.3%), from €27,597 to €48,927
- Current portion of long-term debt -€14,290
down €14,290 (-53.0%), from €26,955 to €12,665
- Debts after one year -€6,810
down €6,810 (-50.6%), from €13,457 to €6,646
- Investment grants -€2,303
down €2,303 (-89.6%), from €2,570 to €267
- Gross operating margin -€45,600
down €45,600 (-15.2%), from €299,630 to €254,029
- Staff costs +€13,149
up €13,149 (+5.6%), from €235,442 to €248,590
- Taxes -€3,556
down €3,556 (-96.4%), from €3,688 to €132
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 | €209,215 | €176,111 | -€33,104 | -15.8% |
| Formation expenses | 20 | €136 | €45 | -€91 | -66.7% |
| Fixed assets | 21/28 | €62,726 | €40,891 | -€21,835 | -34.8% |
| Tangible fixed assets | 22/27 | €60,701 | €38,867 | -€21,835 | -36.0% |
| Plant, machinery and equipment | 23 | €38,692 | €26,173 | -€12,519 | -32.4% |
| Furniture and vehicles | 24 | €15,507 | €8,840 | -€6,666 | -43.0% |
| Other tangible fixed assets | 26 | €6,502 | €3,853 | -€2,649 | -40.7% |
| Financial fixed assets | 28 | €2,024 | €2,024 | = | 0.0% |
| Current assets | 29/58 | €146,354 | €135,175 | -€11,179 | -7.6% |
| Stocks and contracts in progress | 3 | €46,620 | €33,529 | -€13,091 | -28.1% |
| Stocks | 30/36 | €46,620 | €33,529 | -€13,091 | -28.1% |
| Amounts receivable within one year | 40/41 | €28,397 | €28,457 | +€60 | +0.2% |
| Trade receivables | 40 | €12,208 | €18,589 | +€6,381 | +52.3% |
| Other amounts receivable | 41 | €16,189 | €9,868 | -€6,321 | -39.0% |
| Cash at bank and in hand | 54/58 | €67,221 | €68,284 | +€1,064 | +1.6% |
| Deferred charges and accrued income | 490/1 | €4,116 | €4,905 | +€789 | +19.2% |
| Total equity and liabilities | 10/49 | €209,215 | €176,111 | -€33,104 | -15.8% |
| Equity | 10/15 | €98,494 | €63,884 | -€34,610 | -35.1% |
| Contributions | 10/11 | €11,160 | €11,160 | = | 0.0% |
| Reserves | 13 | €83,001 | €83,001 | = | 0.0% |
| Distributable reserves | 133 | €83,001 | €83,001 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,763 | -€30,545 | -€32,308 | |
| Investment grants | 15 | €2,570 | €267 | -€2,303 | -89.6% |
| Amounts payable | 17/49 | €110,721 | €112,228 | +€1,506 | +1.4% |
| Amounts payable after more than one year | 17 | €13,457 | €6,646 | -€6,810 | -50.6% |
| Financial debts | 170/4 | €13,457 | €6,646 | -€6,810 | -50.6% |
| Amounts payable within one year | 42/48 | €97,265 | €105,582 | +€8,317 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €26,955 | €12,665 | -€14,290 | -53.0% |
| Trade debts | 44 | €27,597 | €48,927 | +€21,330 | +77.3% |
| Suppliers | 440/4 | €27,597 | €48,927 | +€21,330 | +77.3% |
| Taxes, remuneration and social security | 45 | €40,826 | €42,477 | +€1,651 | +4.0% |
| Taxes | 450/3 | €3,148 | €2,339 | -€808 | -25.7% |
| Remuneration and social security | 454/9 | €37,678 | €40,137 | +€2,459 | +6.5% |
| Other amounts payable | 47/48 | €1,887 | €1,513 | -€374 | -19.8% |
| Remuneration, social security and pensions | 62 | €235,442 | €248,590 | +€13,149 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,137 | €29,434 | -€2,702 | -8.4% |
| Other operating charges | 640/8 | €6,332 | €5,480 | -€852 | -13.5% |
| Gross operating margin | 9900 | €299,630 | €254,029 | -€45,600 | -15.2% |
| Operating profit (loss) | 9901 | €25,719 | -€29,475 | -€55,194 | |
| Financial income | 75/76B | €3,353 | €2,319 | -€1,034 | -30.8% |
| Recurring financial income | 75 | €3,353 | €2,319 | -€1,034 | -30.8% |
| Financial charges | 65/66B | €5,964 | €5,019 | -€944 | -15.8% |
| Recurring financial charges | 65 | €5,964 | €5,019 | -€944 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €23,109 | -€32,176 | -€55,284 | |
| Income taxes | 67/77 | €3,688 | €132 | -€3,556 | -96.4% |
| Profit (loss) for the period | 9904 | €19,421 | -€32,308 | -€51,729 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,421 | -€32,308 | -€51,729 |
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 22 October 2026 via checked.be.