MACEES: 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.
MACEES
Largest movements
- Tangible fixed assets -€22,134
down €22,134 (-26.1%), from €84,832 to €62,698
of which Land and buildings: -€19,023
- Receivables within one year +€10,882
up €10,882 (+11.2%), from €96,991 to €107,874
of which Trade receivables: +€9,348
- Current portion of long-term debt -€15,731
no longer reported in 2024 (was €15,731)
- Profit (loss) carried forward +€11,325
up €11,325 (+24.9%), from -€45,421 to -€34,096
- Short-term financial debts -€8,911
down €8,911 (-49.1%), from €18,163 to €9,252
- Trade debts +€4,274
up €4,274 (+58.1%), from €7,351 to €11,624
- Gross operating margin +€24,657
up €24,657 (+120.7%), from €20,436 to €45,094
- Other operating charges -€9,570
down €9,570 (-90.2%), from €10,610 to €1,040
- Financial income -€1,760
no longer reported in 2024 (was €1,760)
- Depreciation -€1,380
down €1,380 (-4.6%), from €30,251 to €28,871
- Financial charges -€1,005
down €1,005 (-22.0%), from €4,570 to €3,565
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €190,167 | €179,009 | -€11,157 | -5.9% |
| Fixed assets | 21/28 | €92,332 | €70,198 | -€22,134 | -24.0% |
| Tangible fixed assets | 22/27 | €84,832 | €62,698 | -€22,134 | -26.1% |
| Land and buildings | 22 | €57,070 | €38,046 | -€19,023 | -33.3% |
| Furniture and vehicles | 24 | €525 | €6,464 | +€5,939 | +1130.5% |
| Other tangible fixed assets | 26 | €27,237 | €18,187 | -€9,050 | -33.2% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €97,835 | €108,812 | +€10,977 | +11.2% |
| Amounts receivable within one year | 40/41 | €96,991 | €107,874 | +€10,882 | +11.2% |
| Trade receivables | 40 | €3,659 | €13,007 | +€9,348 | +255.5% |
| Other amounts receivable | 41 | €93,332 | €94,866 | +€1,534 | +1.6% |
| Deferred charges and accrued income | 490/1 | €844 | €938 | +€94 | +11.2% |
| Total equity and liabilities | 10/49 | €190,167 | €179,009 | -€11,157 | -5.9% |
| Equity | 10/15 | €108,647 | €119,972 | +€11,325 | +10.4% |
| Contributions | 10/11 | €6,208 | €6,208 | = | 0.0% |
| Reserves | 13 | €147,860 | €147,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €146,000 | €146,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,421 | -€34,096 | +€11,325 | +24.9% |
| Amounts payable | 17/49 | €81,520 | €59,038 | -€22,482 | -27.6% |
| Amounts payable after more than one year | 17 | €37,267 | €36,667 | -€600 | -1.6% |
| Financial debts | 170/4 | €36,667 | €36,667 | = | 0.0% |
| Other amounts payable | 178/9 | €600 | - | -€600 | |
| Amounts payable within one year | 42/48 | €42,753 | €22,371 | -€20,382 | -47.7% |
| Current portion of amounts payable after more than one year | 42 | €15,731 | - | -€15,731 | |
| Financial debts | 43 | €18,163 | €9,252 | -€8,911 | -49.1% |
| Credit institutions | 430/8 | €18,163 | €9,252 | -€8,911 | -49.1% |
| Trade debts | 44 | €7,351 | €11,624 | +€4,274 | +58.1% |
| Suppliers | 440/4 | €7,351 | €11,624 | +€4,274 | +58.1% |
| Taxes, remuneration and social security | 45 | €323 | €293 | -€30 | -9.4% |
| Taxes | 450/3 | €323 | €293 | -€30 | -9.4% |
| Other amounts payable | 47/48 | €1,184 | €1,202 | +€17 | +1.5% |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,251 | €28,871 | -€1,380 | -4.6% |
| Other operating charges | 640/8 | €10,610 | €1,040 | -€9,570 | -90.2% |
| Gross operating margin | 9900 | €20,436 | €45,094 | +€24,657 | +120.7% |
| Operating profit (loss) | 9901 | -€20,424 | €15,183 | +€35,608 | |
| Financial income | 75/76B | €1,760 | - | -€1,760 | |
| Recurring financial income | 75 | €1,760 | - | -€1,760 | |
| Financial charges | 65/66B | €4,570 | €3,565 | -€1,005 | -22.0% |
| Recurring financial charges | 65 | €4,570 | €3,565 | -€1,005 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,234 | €11,618 | +€34,852 | |
| Income taxes | 67/77 | - | €293 | +€293 | |
| Profit (loss) for the period | 9904 | -€23,234 | €11,325 | +€34,559 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,234 | €11,325 | +€34,559 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.