MACCUS: 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.
MACCUS
Largest movements
- Receivables within one year +€32,122
up €32,122 (+640.0%), from €5,019 to €37,141
of which Trade receivables: +€32,478
- Cash -€6,867
down €6,867 (-52.2%), from €13,162 to €6,295
mainly Receivables within one year (-€32,122) and Other debts (-€12,395)
- Deferred charges and accrued income +€1,350
new in 2025: €1,350
- Profit (loss) carried forward +€21,871
up €21,871, from -€14,084 to €7,787
- Trade debts +€16,709
up €16,709 (+3385.1%), from €494 to €17,203
- Other debts -€12,395
down €12,395 (-42.4%), from €29,268 to €16,873
- Advances received +€2,240
new in 2025: €2,240
- Tax, wage and social debts -€2,084
down €2,084 (-41.5%), from €5,026 to €2,942
- Gross operating margin +€39,918
up €39,918, from -€12,095 to €27,823
- Taxes +€2,736
new in 2025: €2,736
- Depreciation +€693
up €693 (+85.7%), from €809 to €1,503
- Financial charges -€654
down €654 (-76.1%), from €859 to €205
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 | €20,803 | €47,145 | +€26,341 | +126.6% |
| Fixed assets | 21/28 | €2,622 | €2,358 | -€264 | -10.1% |
| Tangible fixed assets | 22/27 | €2,622 | €2,358 | -€264 | -10.1% |
| Plant, machinery and equipment | 23 | - | €1,035 | +€1,035 | |
| Furniture and vehicles | 24 | €2,622 | €1,323 | -€1,299 | -49.5% |
| Current assets | 29/58 | €18,181 | €44,786 | +€26,605 | +146.3% |
| Amounts receivable within one year | 40/41 | €5,019 | €37,141 | +€32,122 | +640.0% |
| Trade receivables | 40 | €4,649 | €37,127 | +€32,478 | +698.6% |
| Other amounts receivable | 41 | €370 | €14 | -€356 | -96.2% |
| Cash at bank and in hand | 54/58 | €13,162 | €6,295 | -€6,867 | -52.2% |
| Deferred charges and accrued income | 490/1 | - | €1,350 | +€1,350 | |
| Total equity and liabilities | 10/49 | €20,803 | €47,145 | +€26,341 | +126.6% |
| Equity | 10/15 | -€13,984 | €7,887 | +€21,871 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,084 | €7,787 | +€21,871 | |
| Amounts payable | 17/49 | €34,787 | €39,258 | +€4,471 | +12.9% |
| Amounts payable within one year | 42/48 | €34,787 | €39,258 | +€4,471 | +12.9% |
| Trade debts | 44 | €494 | €17,203 | +€16,709 | +3385.1% |
| Suppliers | 440/4 | €494 | €17,203 | +€16,709 | +3385.1% |
| Advances received on contracts in progress | 46 | - | €2,240 | +€2,240 | |
| Taxes, remuneration and social security | 45 | €5,026 | €2,942 | -€2,084 | -41.5% |
| Taxes | 450/3 | €5,026 | €2,942 | -€2,084 | -41.5% |
| Other amounts payable | 47/48 | €29,268 | €16,873 | -€12,395 | -42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €809 | €1,503 | +€693 | +85.7% |
| Other operating charges | 640/8 | €321 | €106 | -€215 | -67.1% |
| Non-recurring operating charges | 66A | - | €631 | +€631 | |
| Gross operating margin | 9900 | -€12,095 | €27,823 | +€39,918 | |
| Operating profit (loss) | 9901 | -€13,225 | €25,584 | +€38,809 | |
| Financial income | 75/76B | - | €62 | +€62 | |
| Recurring financial income | 75 | - | €62 | +€62 | |
| Financial charges | 65/66B | €859 | €205 | -€654 | -76.1% |
| Recurring financial charges | 65 | €859 | €205 | -€654 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,084 | €25,440 | +€39,524 | |
| Income taxes | 67/77 | - | €2,736 | +€2,736 | |
| Profit (loss) for the period | 9904 | -€14,084 | €22,704 | +€36,788 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,084 | €22,704 | +€36,788 |
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 7 October 2026 via checked.be.