MACASA: 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.
MACASA
Largest movements
- Cash -€40,567
down €40,567 (-79.0%), from €51,382 to €10,816
mainly Net result for the year (-€30,201) and Receivables within one year (-€25,697)
- Receivables within one year +€25,697
up €25,697 (+25.9%), from €99,166 to €124,864
of which Other amounts receivable: +€28,697
- Profit (loss) carried forward -€30,201
down €30,201 (-31.9%), from -€94,637 to -€124,838
- Trade debts +€13,909
up €13,909 (+1078.2%), from €1,290 to €15,199
- Purchases and services -€149,369
no longer reported in 2025 (was €149,369)
- Turnover -€140,680
no longer reported in 2025 (was €140,680)
- Gross operating margin -€28,342
down €28,342 (-1543.9%), from -€1,836 to -€30,178
- Financial income -€1,974
down €1,974 (-48.9%), from €4,038 to €2,064
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.
Cash bridge derived
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 | €176,369 | €160,657 | -€15,712 | -8.9% |
| Fixed assets | 21/28 | €25,400 | €24,977 | -€423 | -1.7% |
| Tangible fixed assets | 22/27 | €25,400 | €24,977 | -€423 | -1.7% |
| Land and buildings | 22 | €24,556 | €24,556 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €844 | €421 | -€423 | -50.1% |
| Current assets | 29/58 | €150,969 | €135,680 | -€15,289 | -10.1% |
| Amounts receivable within one year | 40/41 | €99,166 | €124,864 | +€25,697 | +25.9% |
| Trade receivables | 40 | €3,000 | - | -€3,000 | |
| Other amounts receivable | 41 | €96,166 | €124,864 | +€28,697 | +29.8% |
| Cash at bank and in hand | 54/58 | €51,382 | €10,816 | -€40,567 | -79.0% |
| Deferred charges and accrued income | 490/1 | €420 | - | -€420 | |
| Total equity and liabilities | 10/49 | €176,369 | €160,657 | -€15,712 | -8.9% |
| Equity | 10/15 | €175,079 | €144,878 | -€30,201 | -17.3% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €19,716 | €19,716 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,716 | €19,716 | = | 0.0% |
| Legal reserve | 130 | €19,716 | €19,716 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,637 | -€124,838 | -€30,201 | -31.9% |
| Amounts payable | 17/49 | €1,290 | €15,779 | +€14,489 | +1123.1% |
| Amounts payable within one year | 42/48 | €1,290 | €15,779 | +€14,489 | +1123.1% |
| Financial debts | 43 | - | €580 | +€580 | |
| Credit institutions | 430/8 | - | €580 | +€580 | |
| Trade debts | 44 | €1,290 | €15,199 | +€13,909 | +1078.2% |
| Suppliers | 440/4 | €1,290 | €15,199 | +€13,909 | +1078.2% |
| Turnover | 70 | €140,680 | - | -€140,680 | |
| Goods, raw materials, services and sundry goods | 60/61 | €149,369 | - | -€149,369 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €773 | €423 | -€350 | -45.3% |
| Other operating charges | 640/8 | €345 | €400 | +€55 | +16.0% |
| Gross operating margin | 9900 | -€1,836 | -€30,178 | -€28,342 | -1543.9% |
| Operating profit (loss) | 9901 | -€2,954 | -€31,001 | -€28,047 | -949.5% |
| Financial income | 75/76B | €4,038 | €2,064 | -€1,974 | -48.9% |
| Recurring financial income | 75 | €4,038 | €2,064 | -€1,974 | -48.9% |
| Financial charges | 65/66B | €2,391 | €1,265 | -€1,126 | -47.1% |
| Recurring financial charges | 65 | €2,391 | €1,265 | -€1,126 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,306 | -€30,201 | -€28,895 | -2211.8% |
| Profit (loss) for the period | 9904 | -€1,306 | -€30,201 | -€28,895 | -2211.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,306 | -€30,201 | -€28,895 | -2211.8% |
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 12 October 2026 via checked.be.