MACE Consulting: 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 Consulting
Largest movements
- Current investments +€77,000
up €77,000 (+135%), from €57,000 to €134,000
- Receivables within one year -€71,679
down €71,679 (-76.0%), from €94,309 to €22,630
of which Other amounts receivable: -€71,728
- Receivables after one year -€30,000
no longer reported in 2025 (was €30,000)
- Cash -€26,171
down €26,171 (-30.6%), from €85,483 to €59,312
mainly Contributions, distributions and other (-€200,000) and Current investments (-€77,000)
- Tangible fixed assets -€14,624
down €14,624 (-76.2%), from €19,204 to €4,580
of which Furniture and vehicles: -€13,626
- Reserves -€105,912
down €105,912 (-51.1%), from €207,097 to €101,185
- Other debts +€59,284
new in 2025: €59,284
- Tax, wage and social debts -€26,008
down €26,008 (-31.5%), from €82,567 to €56,559
of which Taxes: -€26,366
- Gross operating margin -€13,565
down €13,565 (-9.5%), from €143,276 to €129,712
- Depreciation -€6,157
down €6,157 (-63.3%), from €9,719 to €3,562
- Financial income -€5,572
down €5,572 (-63.0%), from €8,845 to €3,272
- Taxes -€4,714
down €4,714 (-14.2%), from €33,095 to €28,381
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 | €295,905 | €223,151 | -€72,754 | -24.6% |
| Fixed assets | 21/28 | €19,204 | €4,580 | -€14,624 | -76.2% |
| Tangible fixed assets | 22/27 | €19,204 | €4,580 | -€14,624 | -76.2% |
| Plant, machinery and equipment | 23 | €2,322 | €1,324 | -€998 | -43.0% |
| Furniture and vehicles | 24 | €16,882 | €3,256 | -€13,626 | -80.7% |
| Current assets | 29/58 | €276,701 | €218,572 | -€58,130 | -21.0% |
| Amounts receivable after more than one year | 29 | €30,000 | - | -€30,000 | |
| Other amounts receivable | 291 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €94,309 | €22,630 | -€71,679 | -76.0% |
| Trade receivables | 40 | €22,234 | €22,282 | +€48 | +0.2% |
| Other amounts receivable | 41 | €72,075 | €348 | -€71,728 | -99.5% |
| Current investments | 50/53 | €57,000 | €134,000 | +€77,000 | +135% |
| Cash at bank and in hand | 54/58 | €85,483 | €59,312 | -€26,171 | -30.6% |
| Deferred charges and accrued income | 490/1 | €9,909 | €2,630 | -€7,279 | -73.5% |
| Total equity and liabilities | 10/49 | €295,905 | €223,151 | -€72,754 | -24.6% |
| Equity | 10/15 | €210,097 | €104,185 | -€105,912 | -50.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €207,097 | €101,185 | -€105,912 | -51.1% |
| Distributable reserves | 133 | €207,097 | €101,185 | -€105,912 | -51.1% |
| Amounts payable | 17/49 | €85,809 | €118,967 | +€33,158 | +38.6% |
| Amounts payable within one year | 42/48 | €85,809 | €118,967 | +€33,158 | +38.6% |
| Trade debts | 44 | €3,242 | €3,123 | -€118 | -3.7% |
| Suppliers | 440/4 | €3,242 | €3,123 | -€118 | -3.7% |
| Taxes, remuneration and social security | 45 | €82,567 | €56,559 | -€26,008 | -31.5% |
| Taxes | 450/3 | €82,567 | €56,201 | -€26,366 | -31.9% |
| Remuneration and social security | 454/9 | - | €358 | +€358 | |
| Other amounts payable | 47/48 | - | €59,284 | +€59,284 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,719 | €3,562 | -€6,157 | -63.3% |
| Other operating charges | 640/8 | €1,332 | €1,980 | +€648 | +48.7% |
| Non-recurring operating charges | 66A | - | €4,062 | +€4,062 | |
| Gross operating margin | 9900 | €143,276 | €129,712 | -€13,565 | -9.5% |
| Operating profit (loss) | 9901 | €132,225 | €120,107 | -€12,118 | -9.2% |
| Financial income | 75/76B | €8,845 | €3,272 | -€5,572 | -63.0% |
| Recurring financial income | 75 | €8,845 | €3,272 | -€5,572 | -63.0% |
| Financial charges | 65/66B | €341 | €911 | +€570 | +167% |
| Recurring financial charges | 65 | €341 | €911 | +€570 | +167% |
| Profit (loss) for the period before taxes | 9903 | €140,729 | €122,469 | -€18,260 | -13.0% |
| Income taxes | 67/77 | €33,095 | €28,381 | -€4,714 | -14.2% |
| Profit (loss) for the period | 9904 | €107,634 | €94,088 | -€13,546 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €107,634 | €94,088 | -€13,546 | -12.6% |
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 13 October 2026 via checked.be.