MACE ADVISORY: 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.
MACE ADVISORY
Largest movements
- Cash +€37,887
up €37,887 (+191%), from €19,853 to €57,739
mainly Net result for the year (+€30,753) and Tax, wage and social debts (+€8,087)
- Profit (loss) carried forward +€30,753
up €30,753 (+183%), from €16,814 to €47,567
- Tax, wage and social debts +€8,087
up €8,087 (+723%), from €1,119 to €9,206
- Other debts -€750
down €750 (-100%), from €750 to €0
- Gross operating margin +€17,191
up €17,191 (+76.9%), from €22,361 to €39,553
- Taxes +€3,752
up €3,752 (+83.0%), from €4,519 to €8,271
- Depreciation -€574
down €574 (-55.9%), from €1,027 to €453
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 | €21,164 | €58,947 | +€37,784 | +179% |
| Fixed assets | 21/28 | €1,311 | €858 | -€453 | -34.6% |
| Tangible fixed assets | 22/27 | €1,311 | €858 | -€453 | -34.6% |
| Furniture and vehicles | 24 | €1,311 | €858 | -€453 | -34.6% |
| Current assets | 29/58 | €19,853 | €58,090 | +€38,237 | +193% |
| Cash at bank and in hand | 54/58 | €19,853 | €57,739 | +€37,887 | +191% |
| Deferred charges and accrued income | 490/1 | - | €350 | +€350 | |
| Total equity and liabilities | 10/49 | €21,164 | €58,947 | +€37,784 | +179% |
| Equity | 10/15 | €18,814 | €49,567 | +€30,753 | +163% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,814 | €47,567 | +€30,753 | +183% |
| Amounts payable | 17/49 | €2,350 | €9,380 | +€7,030 | +299% |
| Amounts payable within one year | 42/48 | €2,350 | €9,380 | +€7,030 | +299% |
| Trade debts | 44 | €481 | €174 | -€306 | -63.7% |
| Suppliers | 440/4 | €481 | €174 | -€306 | -63.7% |
| Taxes, remuneration and social security | 45 | €1,119 | €9,206 | +€8,087 | +723% |
| Taxes | 450/3 | €1,119 | €9,206 | +€8,087 | +723% |
| Other amounts payable | 47/48 | €750 | €0 | -€750 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,027 | €453 | -€574 | -55.9% |
| Gross operating margin | 9900 | €22,361 | €39,553 | +€17,191 | +76.9% |
| Operating profit (loss) | 9901 | €21,334 | €39,100 | +€17,766 | +83.3% |
| Financial charges | 65/66B | €1 | €76 | +€74 | +5,946% |
| Recurring financial charges | 65 | €1 | €76 | +€74 | +5,946% |
| Profit (loss) for the period before taxes | 9903 | €21,333 | €39,024 | +€17,691 | +82.9% |
| Income taxes | 67/77 | €4,519 | €8,271 | +€3,752 | +83.0% |
| Profit (loss) for the period | 9904 | €16,814 | €30,753 | +€13,940 | +82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,814 | €30,753 | +€13,940 | +82.9% |
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 28 October 2026 via checked.be.