MACELICA: 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.
MACELICA
Largest movements
- Cash +€164,268
up €164,268 (+93.0%), from €176,708 to €340,976
mainly Net result for the year (+€171,685) and Tax, wage and social debts (+€71,529)
- Tangible fixed assets +€75,895
up €75,895 (+18.3%), from €414,805 to €490,700
- Reserves +€171,685
up €171,685 (+33.5%), from €511,819 to €683,504
of which Distributable reserves: +€171,685
- Tax, wage and social debts +€71,529
up €71,529 (+962.0%), from €7,435 to €78,965
- Gross operating margin +€174,260
up €174,260 (+140.7%), from €123,877 to €298,137
- Taxes +€71,529
up €71,529 (+962.0%), from €7,435 to €78,965
- Depreciation +€6,357
up €6,357 (+17.3%), from €36,838 to €43,195
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 | €591,513 | €834,545 | +€243,032 | +41.1% |
| Fixed assets | 21/28 | €414,805 | €490,700 | +€75,895 | +18.3% |
| Tangible fixed assets | 22/27 | €414,805 | €490,700 | +€75,895 | +18.3% |
| Land and buildings | 22 | €414,805 | €490,700 | +€75,895 | +18.3% |
| Current assets | 29/58 | €176,708 | €343,845 | +€167,137 | +94.6% |
| Cash at bank and in hand | 54/58 | €176,708 | €340,976 | +€164,268 | +93.0% |
| Deferred charges and accrued income | 490/1 | - | €2,869 | +€2,869 | |
| Total equity and liabilities | 10/49 | €591,513 | €834,545 | +€243,032 | +41.1% |
| Equity | 10/15 | €546,263 | €717,948 | +€171,685 | +31.4% |
| Contributions | 10/11 | €34,444 | €34,444 | = | 0.0% |
| Reserves | 13 | €511,819 | €683,504 | +€171,685 | +33.5% |
| Non-distributable reserves | 130/1 | €3,446 | €3,446 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,446 | €3,446 | = | 0.0% |
| Distributable reserves | 133 | €508,373 | €680,058 | +€171,685 | +33.8% |
| Amounts payable | 17/49 | €45,250 | €116,598 | +€71,347 | +157.7% |
| Amounts payable within one year | 42/48 | €45,250 | €116,598 | +€71,347 | +157.7% |
| Trade debts | 44 | €706 | - | -€706 | |
| Suppliers | 440/4 | €706 | - | -€706 | |
| Taxes, remuneration and social security | 45 | €7,435 | €78,965 | +€71,529 | +962.0% |
| Taxes | 450/3 | €7,435 | €78,965 | +€71,529 | +962.0% |
| Other amounts payable | 47/48 | €37,109 | €37,633 | +€524 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,838 | €43,195 | +€6,357 | +17.3% |
| Other operating charges | 640/8 | €5,250 | €4,293 | -€958 | -18.2% |
| Gross operating margin | 9900 | €123,877 | €298,137 | +€174,260 | +140.7% |
| Operating profit (loss) | 9901 | €81,789 | €250,649 | +€168,861 | +206.5% |
| Profit (loss) for the period before taxes | 9903 | €81,789 | €250,649 | +€168,861 | +206.5% |
| Income taxes | 67/77 | €7,435 | €78,965 | +€71,529 | +962.0% |
| Profit (loss) for the period | 9904 | €74,353 | €171,685 | +€97,331 | +130.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,353 | €171,685 | +€97,331 | +130.9% |
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 11 October 2026 via checked.be.