MACEN SOLUTIONS: 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.
MACEN SOLUTIONS
Largest movements
- Receivables within one year +€69,514
up €69,514 (+520%), from €13,372 to €82,886
of which Other amounts receivable: +€63,694
- Tangible fixed assets +€48,922
up €48,922 (+238%), from €20,523 to €69,445
of which Furniture and vehicles: +€37,366
- Cash -€17,848
down €17,848 (-44.0%), from €40,567 to €22,719
mainly Contributions, distributions and other (-€222,000) and Receivables within one year (-€69,514)
- Current investments +€17,756
up €17,756 (+16.0%), from €110,996 to €128,752
- Receivables after one year -€5,060
down €5,060 (-100%), from €5,060 to €0
- Other debts +€212,438
up €212,438 (+3,970%), from €5,351 to €217,788
- Reserves -€144,377
down €144,377 (-99.4%), from €145,283 to €906
- Debts after one year +€38,437
up €38,437 (+899%), from €4,276 to €42,714
- Tax, wage and social debts +€8,973
new in 2025: €8,973
- Short-term financial debts -€5,000
down €5,000 (-100%), from €5,000 to €0
- Gross operating margin +€25,672
up €25,672 (+27.0%), from €94,958 to €120,630
- Write-downs -€25,280
down €25,280 (-100%), from €25,280 to €0
- Taxes +€13,068
up €13,068 (+97.5%), from €13,404 to €26,473
- Depreciation +€6,559
up €6,559 (+66.2%), from €9,915 to €16,474
- Financial charges +€1,969
up €1,969 (+236%), from €836 to €2,805
of which Financial charges: +€1,969
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 | €190,863 | €303,801 | +€112,938 | +59.2% |
| Fixed assets | 21/28 | €20,523 | €69,445 | +€48,922 | +238% |
| Tangible fixed assets | 22/27 | €20,523 | €69,445 | +€48,922 | +238% |
| Plant, machinery and equipment | 23 | - | €11,557 | +€11,557 | |
| Furniture and vehicles | 24 | €20,523 | €57,888 | +€37,366 | +182% |
| Current assets | 29/58 | €170,341 | €234,356 | +€64,015 | +37.6% |
| Amounts receivable after more than one year | 29 | €5,060 | €0 | -€5,060 | -100% |
| Other amounts receivable | 291 | €5,060 | €0 | -€5,060 | -100% |
| Amounts receivable within one year | 40/41 | €13,372 | €82,886 | +€69,514 | +520% |
| Trade receivables | 40 | €6,776 | €12,596 | +€5,820 | +85.9% |
| Other amounts receivable | 41 | €6,596 | €70,290 | +€63,694 | +966% |
| Current investments | 50/53 | €110,996 | €128,752 | +€17,756 | +16.0% |
| Cash at bank and in hand | 54/58 | €40,567 | €22,719 | -€17,848 | -44.0% |
| Deferred charges and accrued income | 490/1 | €346 | €0 | -€346 | -100% |
| Total equity and liabilities | 10/49 | €190,863 | €303,801 | +€112,938 | +59.2% |
| Equity | 10/15 | €165,283 | €20,906 | -€144,377 | -87.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €145,283 | €906 | -€144,377 | -99.4% |
| Distributable reserves | 133 | €145,283 | €906 | -€144,377 | -99.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €25,580 | €282,895 | +€257,315 | +1,006% |
| Amounts payable after more than one year | 17 | €4,276 | €42,714 | +€38,437 | +899% |
| Financial debts | 170/4 | €4,276 | €42,714 | +€38,437 | +899% |
| Amounts payable within one year | 42/48 | €21,304 | €240,181 | +€218,878 | +1,027% |
| Current portion of amounts payable after more than one year | 42 | €10,158 | €12,705 | +€2,547 | +25.1% |
| Financial debts | 43 | €5,000 | €0 | -€5,000 | -100% |
| Credit institutions | 430/8 | €5,000 | €0 | -€5,000 | -100% |
| Trade debts | 44 | €795 | €716 | -€80 | -10.0% |
| Suppliers | 440/4 | €795 | €716 | -€80 | -10.0% |
| Taxes, remuneration and social security | 45 | - | €8,973 | +€8,973 | |
| Taxes | 450/3 | - | €8,973 | +€8,973 | |
| Other amounts payable | 47/48 | €5,351 | €217,788 | +€212,438 | +3,970% |
| Non-recurring operating income | 76A | - | €2,805 | +€2,805 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,915 | €16,474 | +€6,559 | +66.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,280 | €0 | -€25,280 | -100% |
| Other operating charges | 640/8 | €529 | €529 | -€0 | 0.0% |
| Gross operating margin | 9900 | €94,958 | €120,630 | +€25,672 | +27.0% |
| Operating profit (loss) | 9901 | €59,234 | €103,627 | +€44,393 | +74.9% |
| Financial income | 75/76B | €2,060 | €3,274 | +€1,214 | +59.0% |
| Recurring financial income | 75 | €2,060 | €3,274 | +€1,214 | +59.0% |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €836 | €2,805 | +€1,969 | +236% |
| Recurring financial charges | 65 | €836 | €2,805 | +€1,969 | +236% |
| Non-recurring financial charges | 66B | -€0 | - | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €60,458 | €104,096 | +€43,638 | +72.2% |
| Income taxes | 67/77 | €13,404 | €26,473 | +€13,068 | +97.5% |
| Profit (loss) for the period | 9904 | €47,053 | €77,623 | +€30,570 | +65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,053 | €77,623 | +€30,570 | +65.0% |
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.