MACGYVER: 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.
MACGYVER
Largest movements
- Current investments -€86,701
down €86,701 (-100%), from €86,701 to €0
- Cash +€44,997
up €44,997 (+85.7%), from €52,476 to €97,473
mainly Current investments (+€86,701) and Other debts (+€40,000)
- Receivables within one year +€10,814
up €10,814 (+15.6%), from €69,362 to €80,176
of which Trade receivables: +€6,674
- Reserves -€42,781
down €42,781 (-20.2%), from €211,692 to €168,912
- Other debts +€40,000
new in 2025: €40,000
- Profit (loss) carried forward -€23,064
new in 2025: -€23,064
- Debts after one year -€6,288
down €6,288 (-100%), from €6,288 to €0
- Current portion of long-term debt -€2,878
down €2,878 (-31.4%), from €9,165 to €6,287
- Gross operating margin -€55,660
down €55,660, from €38,082 to -€17,578
- Financial income +€10,150
up €10,150 (+203,001%), from €5 to €10,155
- Taxes -€9,140
down €9,140 (-100%), from €9,140 to €0
- Financial charges +€981
up €981 (+27.3%), from -€3,592 to -€2,611
- Depreciation +€687
up €687 (+4.1%), from €16,851 to €17,538
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 | €260,751 | €227,218 | -€33,533 | -12.9% |
| Fixed assets | 21/28 | €51,977 | €49,475 | -€2,502 | -4.8% |
| Tangible fixed assets | 22/27 | €51,977 | €49,475 | -€2,502 | -4.8% |
| Plant, machinery and equipment | 23 | €28,002 | €31,353 | +€3,351 | +12.0% |
| Furniture and vehicles | 24 | €4,558 | €5,835 | +€1,277 | +28.0% |
| Leasing and similar rights | 25 | €19,417 | €12,287 | -€7,130 | -36.7% |
| Current assets | 29/58 | €208,774 | €177,743 | -€31,031 | -14.9% |
| Amounts receivable within one year | 40/41 | €69,362 | €80,176 | +€10,814 | +15.6% |
| Trade receivables | 40 | €68,502 | €75,176 | +€6,674 | +9.7% |
| Other amounts receivable | 41 | €860 | €5,000 | +€4,140 | +481% |
| Current investments | 50/53 | €86,701 | €0 | -€86,701 | -100% |
| Cash at bank and in hand | 54/58 | €52,476 | €97,473 | +€44,997 | +85.7% |
| Deferred charges and accrued income | 490/1 | €235 | €94 | -€141 | -60.0% |
| Total equity and liabilities | 10/49 | €260,751 | €227,218 | -€33,533 | -12.9% |
| Equity | 10/15 | €230,592 | €164,747 | -€65,845 | -28.6% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Reserves | 13 | €211,692 | €168,912 | -€42,781 | -20.2% |
| Distributable reserves | 133 | €211,692 | €168,912 | -€42,781 | -20.2% |
| Profit (loss) carried forward | 14 | - | -€23,064 | -€23,064 | |
| Amounts payable | 17/49 | €30,159 | €62,471 | +€32,312 | +107% |
| Amounts payable after more than one year | 17 | €6,288 | €0 | -€6,288 | -100% |
| Financial debts | 170/4 | €6,288 | €0 | -€6,288 | -100% |
| Amounts payable within one year | 42/48 | €23,871 | €62,471 | +€38,600 | +162% |
| Current portion of amounts payable after more than one year | 42 | €9,165 | €6,287 | -€2,878 | -31.4% |
| Trade debts | 44 | €12,648 | €11,515 | -€1,133 | -9.0% |
| Suppliers | 440/4 | €12,648 | €11,515 | -€1,133 | -9.0% |
| Taxes, remuneration and social security | 45 | €2,058 | €4,669 | +€2,611 | +127% |
| Taxes | 450/3 | €2,058 | €4,669 | +€2,611 | +127% |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Non-recurring operating income | 76A | - | €42 | +€42 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,851 | €17,538 | +€687 | +4.1% |
| Other operating charges | 640/8 | €694 | €715 | +€21 | +3.0% |
| Gross operating margin | 9900 | €38,082 | -€17,578 | -€55,660 | |
| Operating profit (loss) | 9901 | €20,537 | -€35,831 | -€56,368 | |
| Financial income | 75/76B | €5 | €10,155 | +€10,150 | +203,001% |
| Recurring financial income | 75 | €5 | €10,155 | +€10,150 | +203,001% |
| Financial charges | 65/66B | -€3,592 | -€2,611 | +€981 | +27.3% |
| Recurring financial charges | 65 | -€3,592 | -€2,611 | +€981 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €24,134 | -€23,064 | -€47,198 | |
| Income taxes | 67/77 | €9,140 | €0 | -€9,140 | -100% |
| Profit (loss) for the period | 9904 | €14,994 | -€23,064 | -€38,058 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,994 | -€23,064 | -€38,058 |
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 27 October 2026 via checked.be.