MACBRIEN CUPER ISNARD: what changed
Two fiscal 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.
MACBRIEN CUPER ISNARD
Largest movements
- Current investments +€126,672
up €126,672 (+11.8%), from €1.1m to €1.2m
- Cash +€79,435
up €79,435 (+27.0%), from €294,463 to €373,898
mainly Net result for the year (+€183,026) and Deferred charges and accrued income (+€10,415)
- Profit (loss) carried forward +€183,026
up €183,026 (+13.0%), from €1.4m to €1.6m
- Financial income -€9,886
down €9,886 (-26.2%), from €37,733 to €27,848
- Depreciation -€5,329
down €5,329 (-59.3%), from €8,983 to €3,654
- Gross operating margin +€3,873
up €3,873 (+1.8%), from €221,047 to €224,920
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 | €1,476,527 | €1,660,599 | +€184,072 | +12.5% |
| Fixed assets | 21/28 | €78,590 | €74,936 | -€3,654 | -4.6% |
| Intangible fixed assets | 21 | €1,020 | - | -€1,020 | |
| Tangible fixed assets | 22/27 | €69,870 | €67,236 | -€2,634 | -3.8% |
| Furniture and vehicles | 24 | €3,213 | €1,158 | -€2,054 | -63.9% |
| Other tangible fixed assets | 26 | €66,657 | €66,077 | -€580 | -0.9% |
| Financial fixed assets | 28 | €7,700 | €7,700 | = | 0.0% |
| Current assets | 29/58 | €1,397,937 | €1,585,664 | +€187,727 | +13.4% |
| Amounts receivable within one year | 40/41 | €17,821 | €9,857 | -€7,965 | -44.7% |
| Other amounts receivable | 41 | €17,821 | €9,857 | -€7,965 | -44.7% |
| Current investments | 50/53 | €1,070,617 | €1,197,288 | +€126,672 | +11.8% |
| Cash at bank and in hand | 54/58 | €294,463 | €373,898 | +€79,435 | +27.0% |
| Deferred charges and accrued income | 490/1 | €15,036 | €4,621 | -€10,415 | -69.3% |
| Total equity and liabilities | 10/49 | €1,476,527 | €1,660,599 | +€184,072 | +12.5% |
| Equity | 10/15 | €1,439,989 | €1,623,015 | +€183,026 | +12.7% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €14,211 | €14,211 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,211 | €14,211 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,405,327 | €1,588,352 | +€183,026 | +13.0% |
| Amounts payable | 17/49 | €36,538 | €37,585 | +€1,046 | +2.9% |
| Amounts payable within one year | 42/48 | €35,538 | €36,585 | +€1,046 | +2.9% |
| Trade debts | 44 | €4,516 | €5,069 | +€552 | +12.2% |
| Suppliers | 440/4 | €4,516 | €5,069 | +€552 | +12.2% |
| Taxes, remuneration and social security | 45 | €31,022 | €31,516 | +€494 | +1.6% |
| Taxes | 450/3 | €31,022 | €31,516 | +€494 | +1.6% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,983 | €3,654 | -€5,329 | -59.3% |
| Other operating charges | 640/8 | €4,543 | €3,599 | -€944 | -20.8% |
| Gross operating margin | 9900 | €221,047 | €224,920 | +€3,873 | +1.8% |
| Operating profit (loss) | 9901 | €207,521 | €217,666 | +€10,146 | +4.9% |
| Financial income | 75/76B | €37,733 | €27,848 | -€9,886 | -26.2% |
| Recurring financial income | 75 | €37,733 | €27,848 | -€9,886 | -26.2% |
| Financial charges | 65/66B | €275 | €261 | -€14 | -5.1% |
| Recurring financial charges | 65 | €275 | €261 | -€14 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €244,980 | €245,253 | +€274 | +0.1% |
| Income taxes | 67/77 | €62,183 | €62,228 | +€44 | +0.1% |
| Profit (loss) for the period | 9904 | €182,796 | €183,026 | +€230 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €182,796 | €183,026 | +€230 | +0.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.