Maccione: 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.
Maccione
Largest movements
- Cash +€43,084
up €43,084 (+91.5%), from €47,098 to €90,181
mainly Trade debts (+€49,428) and Depreciation (+€2,855)
- Tangible fixed assets +€2,913
up €2,913 (+65.2%), from €4,464 to €7,377
of which Furniture and vehicles: +€4,617
- Financial fixed assets +€2,775
up €2,775 (+58.9%), from €4,715 to €7,490
- Deferred charges and accrued income -€2,694
down €2,694 (-100%), from €2,694 to €0
- Receivables within one year -€2,688
down €2,688 (-6.1%), from €43,936 to €41,248
of which Other amounts receivable: -€20,170
- Trade debts +€49,428
up €49,428 (+192%), from €25,731 to €75,159
- Tax, wage and social debts -€6,715
down €6,715 (-20.1%), from €33,456 to €26,741
of which Taxes: -€8,767
- Other debts -€2,965
down €2,965 (-100%), from €2,965 to €0
- Gross operating margin -€49,732
down €49,732 (-18.9%), from €262,504 to €212,772
- Staff costs -€10,172
down €10,172 (-4.8%), from €210,042 to €199,869
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 | €107,273 | €148,013 | +€40,740 | +38.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €9,179 | €14,867 | +€5,688 | +62.0% |
| Tangible fixed assets | 22/27 | €4,464 | €7,377 | +€2,913 | +65.2% |
| Land and buildings | 22 | €1,278 | €1,042 | -€236 | -18.5% |
| Plant, machinery and equipment | 23 | €2,394 | €926 | -€1,468 | -61.3% |
| Furniture and vehicles | 24 | €792 | €5,409 | +€4,617 | +583% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €4,715 | €7,490 | +€2,775 | +58.9% |
| Current assets | 29/58 | €98,094 | €133,146 | +€35,052 | +35.7% |
| Stocks and contracts in progress | 3 | €4,366 | €1,717 | -€2,650 | -60.7% |
| Stocks | 30/36 | €4,366 | €1,717 | -€2,650 | -60.7% |
| Amounts receivable within one year | 40/41 | €43,936 | €41,248 | -€2,688 | -6.1% |
| Trade receivables | 40 | €13,636 | €31,118 | +€17,482 | +128% |
| Other amounts receivable | 41 | €30,300 | €10,130 | -€20,170 | -66.6% |
| Cash at bank and in hand | 54/58 | €47,098 | €90,181 | +€43,084 | +91.5% |
| Deferred charges and accrued income | 490/1 | €2,694 | €0 | -€2,694 | -100% |
| Total equity and liabilities | 10/49 | €107,273 | €148,013 | +€40,740 | +38.0% |
| Equity | 10/15 | €45,121 | €46,113 | +€992 | +2.2% |
| Contributions | 10/11 | €19,119 | €19,119 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,002 | €26,994 | +€992 | +3.8% |
| Amounts payable | 17/49 | €62,152 | €101,900 | +€39,748 | +64.0% |
| Amounts payable within one year | 42/48 | €62,152 | €101,900 | +€39,748 | +64.0% |
| Trade debts | 44 | €25,731 | €75,159 | +€49,428 | +192% |
| Suppliers | 440/4 | €25,731 | €75,159 | +€49,428 | +192% |
| Taxes, remuneration and social security | 45 | €33,456 | €26,741 | -€6,715 | -20.1% |
| Taxes | 450/3 | €9,485 | €718 | -€8,767 | -92.4% |
| Remuneration and social security | 454/9 | €23,971 | €26,023 | +€2,052 | +8.6% |
| Other amounts payable | 47/48 | €2,965 | €0 | -€2,965 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €210,042 | €199,869 | -€10,172 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,279 | €2,855 | -€424 | -12.9% |
| Other operating charges | 640/8 | €1,709 | €1,409 | -€301 | -17.6% |
| Non-recurring operating charges | 66A | €2,303 | - | -€2,303 | |
| Gross operating margin | 9900 | €262,504 | €212,772 | -€49,732 | -18.9% |
| Operating profit (loss) | 9901 | €45,171 | €8,639 | -€36,533 | -80.9% |
| Financial income | 75/76B | €29 | €17 | -€12 | -40.6% |
| Recurring financial income | 75 | €29 | €17 | -€12 | -40.6% |
| Financial charges | 65/66B | €6,599 | €7,664 | +€1,065 | +16.1% |
| Recurring financial charges | 65 | €6,599 | €7,664 | +€1,065 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €38,601 | €992 | -€37,609 | -97.4% |
| Profit (loss) for the period | 9904 | €38,601 | €992 | -€37,609 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,601 | €992 | -€37,609 | -97.4% |
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 1 November 2026 via checked.be.