Macassar: 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.
Macassar
Largest movements
- Cash -€15,723
down €15,723 (-67.2%), from €23,409 to €7,687
mainly Trade debts (-€33,370) and Tax, wage and social debts (-€18,211)
- Receivables within one year +€15,690
up €15,690 (+49.8%), from €31,500 to €47,190
of which Other amounts receivable: +€47,190
- Reserves +€120,179
up €120,179 (+69.0%), from €174,243 to €294,421
- Profit (loss) carried forward -€108,879
down €108,879 (-90.6%), from €120,179 to €11,300
- Trade debts -€33,370
down €33,370 (-80.8%), from €41,281 to €7,912
- Short-term financial debts +€28,119
up €28,119 (+3.8%), from €739,773 to €767,892
- Tax, wage and social debts -€18,211
no longer reported in 2025 (was €18,211)
- Gross operating margin -€188,763
down €188,763 (-80.5%), from €234,382 to €45,619
- Financial charges -€41,405
down €41,405 (-58.2%), from €71,104 to €29,699
- Taxes -€37,692
down €37,692 (-90.8%), from €41,502 to €3,810
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 | €1,247,433 | €1,236,066 | -€11,367 | -0.9% |
| Current assets | 29/58 | €1,247,433 | €1,236,066 | -€11,367 | -0.9% |
| Stocks and contracts in progress | 3 | €1,192,458 | €1,180,182 | -€12,276 | -1.0% |
| Stocks | 30/36 | €1,192,458 | €1,180,182 | -€12,276 | -1.0% |
| Amounts receivable within one year | 40/41 | €31,500 | €47,190 | +€15,690 | +49.8% |
| Trade receivables | 40 | €31,500 | - | -€31,500 | |
| Other amounts receivable | 41 | - | €47,190 | +€47,190 | |
| Cash at bank and in hand | 54/58 | €23,409 | €7,687 | -€15,723 | -67.2% |
| Deferred charges and accrued income | 490/1 | €66 | €1,007 | +€942 | +1,431% |
| Total equity and liabilities | 10/49 | €1,247,433 | €1,236,066 | -€11,367 | -0.9% |
| Equity | 10/15 | €316,421 | €327,721 | +€11,300 | +3.6% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €174,243 | €294,421 | +€120,179 | +69.0% |
| Distributable reserves | 133 | €174,243 | €294,421 | +€120,179 | +69.0% |
| Profit (loss) carried forward | 14 | €120,179 | €11,300 | -€108,879 | -90.6% |
| Amounts payable | 17/49 | €931,012 | €908,345 | -€22,666 | -2.4% |
| Amounts payable within one year | 42/48 | €921,766 | €902,803 | -€18,962 | -2.1% |
| Financial debts | 43 | €739,773 | €767,892 | +€28,119 | +3.8% |
| Credit institutions | 430/8 | €739,773 | €767,892 | +€28,119 | +3.8% |
| Trade debts | 44 | €41,281 | €7,912 | -€33,370 | -80.8% |
| Suppliers | 440/4 | €41,281 | €7,912 | -€33,370 | -80.8% |
| Taxes, remuneration and social security | 45 | €18,211 | - | -€18,211 | |
| Taxes | 450/3 | €18,211 | - | -€18,211 | |
| Other amounts payable | 47/48 | €122,500 | €127,000 | +€4,500 | +3.7% |
| Accrued charges and deferred income | 492/3 | €9,246 | €5,542 | -€3,704 | -40.1% |
| Other operating charges | 640/8 | €1,597 | €1,772 | +€175 | +11.0% |
| Gross operating margin | 9900 | €234,382 | €45,619 | -€188,763 | -80.5% |
| Operating profit (loss) | 9901 | €232,785 | €43,847 | -€188,938 | -81.2% |
| Financial income | 75/76B | - | €961 | +€961 | |
| Recurring financial income | 75 | - | €961 | +€961 | |
| Financial charges | 65/66B | €71,104 | €29,699 | -€41,405 | -58.2% |
| Recurring financial charges | 65 | €71,104 | €29,699 | -€41,405 | -58.2% |
| Profit (loss) for the period before taxes | 9903 | €161,681 | €15,109 | -€146,571 | -90.7% |
| Income taxes | 67/77 | €41,502 | €3,810 | -€37,692 | -90.8% |
| Profit (loss) for the period | 9904 | €120,179 | €11,300 | -€108,879 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €120,179 | €11,300 | -€108,879 | -90.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.