MACCIONE GROUP: what changed
MACCIONE GROUP
Largest movements
- Tangible fixed assets +€315,753
up €315,753 (+125%), from €251,734 to €567,487
of which Other tangible fixed assets: +€219,973
- Cash +€223,147
up €223,147 (+514%), from €43,405 to €266,551
mainly Debts after one year (+€350,653) and Tax, wage and social debts (+€141,951)
- Receivables within one year -€84,194
down €84,194 (-77.6%), from €108,487 to €24,294
of which Trade receivables: -€61,101
- Intangible fixed assets +€30,581
up €30,581 (+39.6%), from €77,164 to €107,745
- Debts after one year +€350,653
up €350,653 (+172%), from €203,614 to €554,268
- Tax, wage and social debts +€141,951
up €141,951 (+456%), from €31,102 to €173,053
of which Remuneration and social security: +€106,943
- Profit (loss) carried forward +€99,176
up €99,176, from -€35,350 to €63,826
- Trade debts -€92,609
down €92,609 (-73.9%), from €125,356 to €32,747
- Other debts -€82,404
down €82,404 (-85.6%), from €96,306 to €13,902
- Gross operating margin +€708,334
up €708,334 (+706%), from €100,309 to €808,643
- Staff costs +€487,111
up €487,111 (+462%), from €105,376 to €592,487
- Depreciation +€38,344
up €38,344 (+183%), from €20,907 to €59,251
- Taxes +€26,389
new in 2025: €26,389
- Financial charges +€17,034
up €17,034 (+187%), from €9,129 to €26,163
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €497,873 | €990,470 | +€492,597 | +98.9% |
| Fixed assets | 21/28 | €329,142 | €675,476 | +€346,334 | +105% |
| Intangible fixed assets | 21 | €77,164 | €107,745 | +€30,581 | +39.6% |
| Tangible fixed assets | 22/27 | €251,734 | €567,487 | +€315,753 | +125% |
| Plant, machinery and equipment | 23 | €41,226 | €82,605 | +€41,379 | +100% |
| Furniture and vehicles | 24 | €40,878 | €52,671 | +€11,793 | +28.8% |
| Other tangible fixed assets | 26 | €169,631 | €389,603 | +€219,973 | +130% |
| Assets under construction and advance payments | 27 | - | €42,608 | +€42,608 | |
| Financial fixed assets | 28 | €244 | €244 | = | 0.0% |
| Current assets | 29/58 | €168,731 | €314,994 | +€146,263 | +86.7% |
| Stocks and contracts in progress | 3 | €14,707 | €20,333 | +€5,626 | +38.2% |
| Stocks | 30/36 | €14,707 | €20,333 | +€5,626 | +38.2% |
| Amounts receivable within one year | 40/41 | €108,487 | €24,294 | -€84,194 | -77.6% |
| Trade receivables | 40 | €84,487 | €23,387 | -€61,101 | -72.3% |
| Other amounts receivable | 41 | €24,000 | €907 | -€23,093 | -96.2% |
| Cash at bank and in hand | 54/58 | €43,405 | €266,551 | +€223,147 | +514% |
| Deferred charges and accrued income | 490/1 | €2,131 | €3,816 | +€1,685 | +79.0% |
| Total equity and liabilities | 10/49 | €497,873 | €990,470 | +€492,597 | +98.9% |
| Equity | 10/15 | €8,650 | €107,826 | +€99,176 | +1,147% |
| Contributions | 10/11 | €44,000 | €44,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,350 | €63,826 | +€99,176 | |
| Amounts payable | 17/49 | €489,223 | €882,643 | +€393,421 | +80.4% |
| Amounts payable after more than one year | 17 | €203,614 | €554,268 | +€350,653 | +172% |
| Financial debts | 170/4 | €203,614 | €554,268 | +€350,653 | +172% |
| Amounts payable within one year | 42/48 | €285,608 | €318,179 | +€32,570 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €32,845 | €98,478 | +€65,633 | +200% |
| Trade debts | 44 | €125,356 | €32,747 | -€92,609 | -73.9% |
| Suppliers | 440/4 | €125,356 | €32,747 | -€92,609 | -73.9% |
| Taxes, remuneration and social security | 45 | €31,102 | €173,053 | +€141,951 | +456% |
| Taxes | 450/3 | €9,110 | €44,118 | +€35,008 | +384% |
| Remuneration and social security | 454/9 | €21,992 | €128,935 | +€106,943 | +486% |
| Other amounts payable | 47/48 | €96,306 | €13,902 | -€82,404 | -85.6% |
| Accrued charges and deferred income | 492/3 | - | €10,197 | +€10,197 | |
| Remuneration, social security and pensions | 62 | €105,376 | €592,487 | +€487,111 | +462% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,907 | €59,251 | +€38,344 | +183% |
| Other operating charges | 640/8 | €247 | €5,192 | +€4,946 | +2,006% |
| Gross operating margin | 9900 | €100,309 | €808,643 | +€708,334 | +706% |
| Operating profit (loss) | 9901 | -€26,221 | €151,713 | +€177,934 | |
| Financial income | 75/76B | €1 | €15 | +€15 | +2,358% |
| Recurring financial income | 75 | €1 | €15 | +€15 | +2,358% |
| Financial charges | 65/66B | €9,129 | €26,163 | +€17,034 | +187% |
| Recurring financial charges | 65 | €9,129 | €26,163 | +€17,034 | +187% |
| Profit (loss) for the period before taxes | 9903 | -€35,350 | €125,565 | +€160,915 | |
| Income taxes | 67/77 | - | €26,389 | +€26,389 | |
| Profit (loss) for the period | 9904 | -€35,350 | €99,176 | +€134,526 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,350 | €99,176 | +€134,526 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.