MACDIF: 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.
MACDIF
Largest movements
- Cash -€653,820
down €653,820 (-99.6%), from €656,290 to €2,470
mainly Other debts (-€1.9m)
- Other debts -€1.9m
down €1.9m (-100.0%), from €1.9m to €502
- Reserves +€1.3m
up €1.3m (+67.7%), from €1.9m to €3.2m
of which Distributable reserves: +€1.3m
- Financial income -€841,972
down €841,972 (-39.5%), from €2.1m to €1.3m
- Financial charges -€26,550
down €26,550 (-99.7%), from €26,618 to €68
of which Non-recurring financial charges: -€26,554
- Gross operating margin -€700
down €700 (-13.9%), from -€5,022 to -€5,721
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 | €3,836,764 | €3,182,944 | -€653,820 | -17.0% |
| Fixed assets | 21/28 | €3,180,474 | €3,180,474 | = | 0.0% |
| Financial fixed assets | 28 | €3,180,474 | €3,180,474 | = | 0.0% |
| Current assets | 29/58 | €656,290 | €2,470 | -€653,820 | -99.6% |
| Amounts receivable within one year | 40/41 | - | €0 | = | |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €656,290 | €2,470 | -€653,820 | -99.6% |
| Total equity and liabilities | 10/49 | €3,836,764 | €3,182,944 | -€653,820 | -17.0% |
| Equity | 10/15 | €1,896,062 | €3,176,997 | +€1.3m | +67.6% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €1,889,862 | €3,168,937 | +€1.3m | +67.7% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €1,888,002 | €3,168,937 | +€1.3m | +67.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,940,702 | €5,947 | -€1.9m | -99.7% |
| Amounts payable within one year | 42/48 | €1,940,702 | €5,947 | -€1.9m | -99.7% |
| Trade debts | 44 | €4,840 | €5,445 | +€605 | +12.5% |
| Suppliers | 440/4 | €4,840 | €5,445 | +€605 | +12.5% |
| Other amounts payable | 47/48 | €1,935,862 | €502 | -€1.9m | -100.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€5,022 | -€5,721 | -€700 | -13.9% |
| Operating profit (loss) | 9901 | -€5,989 | -€6,720 | -€731 | -12.2% |
| Financial income | 75/76B | €2,129,694 | €1,287,722 | -€841,972 | -39.5% |
| Recurring financial income | 75 | €2,129,694 | €1,287,722 | -€841,972 | -39.5% |
| Financial charges | 65/66B | €26,618 | €68 | -€26,550 | -99.7% |
| Recurring financial charges | 65 | €64 | €68 | +€4 | +6.3% |
| Non-recurring financial charges | 66B | €26,554 | €0 | -€26,554 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €2,097,088 | €1,280,935 | -€816,153 | -38.9% |
| Profit (loss) for the period | 9904 | €2,097,088 | €1,280,935 | -€816,153 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,097,088 | €1,280,935 | -€816,153 | -38.9% |
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 2 October 2026 via checked.be.