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
- Tangible fixed assets -€5,965
down €5,965 (-2.0%), from €292,047 to €286,082
- Debts after one year -€16,834
down €16,834 (-9.0%), from €186,962 to €170,128
- Reserves +€9,806
up €9,806 (+10.3%), from €95,303 to €105,109
- Gross operating margin -€686
down €686 (-2.6%), from €25,902 to €25,217
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €303,575 | €295,743 | -€7,832 | -2.6% |
| Fixed assets | 21/28 | €292,047 | €286,082 | -€5,965 | -2.0% |
| Tangible fixed assets | 22/27 | €292,047 | €286,082 | -€5,965 | -2.0% |
| Land and buildings | 22 | €292,047 | €286,082 | -€5,965 | -2.0% |
| Current assets | 29/58 | €11,528 | €9,661 | -€1,867 | -16.2% |
| Amounts receivable within one year | 40/41 | - | €384 | +€384 | |
| Trade receivables | 40 | - | €208 | +€208 | |
| Other amounts receivable | 41 | - | €176 | +€176 | |
| Cash at bank and in hand | 54/58 | €11,528 | €9,277 | -€2,251 | -19.5% |
| Total equity and liabilities | 10/49 | €303,575 | €295,743 | -€7,832 | -2.6% |
| Equity | 10/15 | €113,903 | €123,709 | +€9,806 | +8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €95,303 | €105,109 | +€9,806 | +10.3% |
| Distributable reserves | 133 | €95,303 | €105,109 | +€9,806 | +10.3% |
| Amounts payable | 17/49 | €189,672 | €172,034 | -€17,638 | -9.3% |
| Amounts payable after more than one year | 17 | €186,962 | €170,128 | -€16,834 | -9.0% |
| Other amounts payable | 178/9 | €186,962 | €170,128 | -€16,834 | -9.0% |
| Amounts payable within one year | 42/48 | €2,710 | €1,906 | -€804 | -29.7% |
| Trade debts | 44 | - | €240 | +€240 | |
| Suppliers | 440/4 | - | €240 | +€240 | |
| Taxes, remuneration and social security | 45 | €1,044 | - | -€1,044 | |
| Taxes | 450/3 | €1,044 | - | -€1,044 | |
| Other amounts payable | 47/48 | €1,666 | €1,666 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,179 | €9,343 | +€164 | +1.8% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €25,902 | €25,217 | -€686 | -2.6% |
| Operating profit (loss) | 9901 | €16,210 | €15,346 | -€864 | -5.3% |
| Financial charges | 65/66B | €48 | €50 | +€2 | +4.5% |
| Recurring financial charges | 65 | €48 | €50 | +€2 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €16,162 | €15,296 | -€866 | -5.4% |
| Income taxes | 67/77 | €4,044 | €3,824 | -€220 | -5.4% |
| Profit (loss) for the period | 9904 | €12,118 | €11,472 | -€646 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,118 | €11,472 | -€646 | -5.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.