MACIA: 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.
MACIA
Largest movements
- Tangible fixed assets -€5,545
down €5,545 (-81.0%), from €6,841 to €1,297
of which Furniture and vehicles: -€5,154
- Receivables within one year -€3,455
down €3,455 (-48.4%), from €7,135 to €3,680
of which Other amounts receivable: -€3,424
- Deferred charges and accrued income +€2,578
up €2,578 (+110%), from €2,336 to €4,914
- Tax, wage and social debts -€8,019
down €8,019 (-29.9%), from €26,808 to €18,790
of which Taxes: -€8,527
- Trade debts +€5,307
up €5,307 (+54.9%), from €9,673 to €14,980
- Other debts -€3,801
down €3,801 (-45.0%), from €8,444 to €4,642
- Staff costs +€6,053
up €6,053 (+14.7%), from €41,304 to €47,357
- Gross operating margin -€5,218
down €5,218 (-8.2%), from €63,820 to €58,602
- Taxes -€2,318
down €2,318 (-52.6%), from €4,411 to €2,093
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 | €194,833 | €187,044 | -€7,789 | -4.0% |
| Fixed assets | 21/28 | €11,883 | €6,338 | -€5,545 | -46.7% |
| Tangible fixed assets | 22/27 | €6,841 | €1,297 | -€5,545 | -81.0% |
| Furniture and vehicles | 24 | €6,128 | €974 | -€5,154 | -84.1% |
| Other tangible fixed assets | 26 | €713 | €322 | -€391 | -54.8% |
| Financial fixed assets | 28 | €5,041 | €5,041 | = | 0.0% |
| Current assets | 29/58 | €182,950 | €180,706 | -€2,244 | -1.2% |
| Stocks and contracts in progress | 3 | €22,985 | €22,226 | -€759 | -3.3% |
| Stocks | 30/36 | €22,985 | €22,226 | -€759 | -3.3% |
| Amounts receivable within one year | 40/41 | €7,135 | €3,680 | -€3,455 | -48.4% |
| Trade receivables | 40 | €711 | €680 | -€31 | -4.4% |
| Other amounts receivable | 41 | €6,424 | €3,000 | -€3,424 | -53.3% |
| Cash at bank and in hand | 54/58 | €150,495 | €149,886 | -€608 | -0.4% |
| Deferred charges and accrued income | 490/1 | €2,336 | €4,914 | +€2,578 | +110% |
| Total equity and liabilities | 10/49 | €194,833 | €187,044 | -€7,789 | -4.0% |
| Equity | 10/15 | €149,908 | €148,632 | -€1,276 | -0.9% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Capital | 10 | €24,789 | €24,789 | = | 0.0% |
| Issued capital | 100 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €122,941 | €122,941 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,941 | €2,941 | = | 0.0% |
| Legal reserve | 130 | €2,941 | €2,941 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,178 | €902 | -€1,276 | -58.6% |
| Amounts payable | 17/49 | €44,925 | €38,412 | -€6,513 | -14.5% |
| Amounts payable within one year | 42/48 | €44,925 | €38,412 | -€6,513 | -14.5% |
| Trade debts | 44 | €9,673 | €14,980 | +€5,307 | +54.9% |
| Suppliers | 440/4 | €9,673 | €14,980 | +€5,307 | +54.9% |
| Taxes, remuneration and social security | 45 | €26,808 | €18,790 | -€8,019 | -29.9% |
| Taxes | 450/3 | €21,148 | €12,621 | -€8,527 | -40.3% |
| Remuneration and social security | 454/9 | €5,660 | €6,168 | +€508 | +9.0% |
| Other amounts payable | 47/48 | €8,444 | €4,642 | -€3,801 | -45.0% |
| Remuneration, social security and pensions | 62 | €41,304 | €47,357 | +€6,053 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,545 | €5,545 | = | 0.0% |
| Other operating charges | 640/8 | €2,959 | €2,740 | -€219 | -7.4% |
| Gross operating margin | 9900 | €63,820 | €58,602 | -€5,218 | -8.2% |
| Operating profit (loss) | 9901 | €14,013 | €2,961 | -€11,052 | -78.9% |
| Financial income | 75/76B | €3,866 | €4,269 | +€403 | +10.4% |
| Recurring financial income | 75 | €3,866 | €4,124 | +€258 | +6.7% |
| Non-recurring financial income | 76B | - | €145 | +€145 | |
| Financial charges | 65/66B | €1,841 | €1,413 | -€429 | -23.3% |
| Recurring financial charges | 65 | €1,316 | €1,161 | -€155 | -11.8% |
| Non-recurring financial charges | 66B | €525 | €252 | -€273 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | €16,038 | €5,817 | -€10,221 | -63.7% |
| Income taxes | 67/77 | €4,411 | €2,093 | -€2,318 | -52.6% |
| Profit (loss) for the period | 9904 | €11,627 | €3,724 | -€7,903 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,627 | €3,724 | -€7,903 | -68.0% |
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.