Macibo: 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.
Macibo
Largest movements
- Current investments +€18,507
up €18,507 (+5.7%), from €327,212 to €345,719
- Receivables within one year -€11,145
down €11,145 (-91.9%), from €12,131 to €985
of which Trade receivables: -€8,197
- Cash -€11,068
down €11,068 (-80.8%), from €13,704 to €2,636
mainly Contributions, distributions and other (-€50,230) and Current investments (-€18,507)
- Reserves -€18,728
down €18,728 (-5.5%), from €339,413 to €320,685
of which Distributable reserves: -€16,868
- Tax, wage and social debts +€7,916
up €7,916, from €0 to €7,916
- Advances received +€5,130
new in 2025: €5,130
- Gross operating margin +€33,474
up €33,474 (+330.6%), from €10,125 to €43,599
- Taxes +€11,349
up €11,349 (+339.6%), from €3,342 to €14,690
- Financial income -€2,838
down €2,838 (-36.2%), from €7,842 to €5,004
of which Non-recurring financial income: -€6,352
- Financial charges -€841
down €841 (-89.4%), from €941 to €100
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 | €359,121 | €353,666 | -€5,455 | -1.5% |
| Fixed assets | 21/28 | €5,614 | €3,932 | -€1,682 | -30.0% |
| Tangible fixed assets | 22/27 | €5,614 | €3,932 | -€1,682 | -30.0% |
| Plant, machinery and equipment | 23 | €4,918 | €3,511 | -€1,407 | -28.6% |
| Furniture and vehicles | 24 | €696 | €420 | -€275 | -39.6% |
| Current assets | 29/58 | €353,507 | €349,734 | -€3,773 | -1.1% |
| Amounts receivable within one year | 40/41 | €12,131 | €985 | -€11,145 | -91.9% |
| Trade receivables | 40 | €8,197 | €0 | -€8,197 | -100.0% |
| Other amounts receivable | 41 | €3,934 | €985 | -€2,948 | -75.0% |
| Current investments | 50/53 | €327,212 | €345,719 | +€18,507 | +5.7% |
| Cash at bank and in hand | 54/58 | €13,704 | €2,636 | -€11,068 | -80.8% |
| Deferred charges and accrued income | 490/1 | €461 | €394 | -€67 | -14.5% |
| Total equity and liabilities | 10/49 | €359,121 | €353,666 | -€5,455 | -1.5% |
| Equity | 10/15 | €358,013 | €339,285 | -€18,728 | -5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €339,413 | €320,685 | -€18,728 | -5.5% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €337,553 | €320,685 | -€16,868 | -5.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,108 | €14,381 | +€13,272 | +1197.6% |
| Amounts payable within one year | 42/48 | €1,108 | €14,381 | +€13,272 | +1197.6% |
| Trade debts | 44 | €1,108 | €703 | -€406 | -36.6% |
| Suppliers | 440/4 | €1,108 | €703 | -€406 | -36.6% |
| Advances received on contracts in progress | 46 | - | €5,130 | +€5,130 | |
| Taxes, remuneration and social security | 45 | €0 | €7,916 | +€7,916 | |
| Taxes | 450/3 | €0 | €7,916 | +€7,916 | |
| Other amounts payable | 47/48 | €0 | €632 | +€632 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,537 | €1,682 | +€145 | +9.4% |
| Other operating charges | 640/8 | €740 | €628 | -€113 | -15.2% |
| Gross operating margin | 9900 | €10,125 | €43,599 | +€33,474 | +330.6% |
| Operating profit (loss) | 9901 | €7,848 | €41,289 | +€33,441 | +426.1% |
| Financial income | 75/76B | €7,842 | €5,004 | -€2,838 | -36.2% |
| Recurring financial income | 75 | €1,490 | €5,004 | +€3,514 | +235.9% |
| Non-recurring financial income | 76B | €6,352 | €0 | -€6,352 | -100.0% |
| Financial charges | 65/66B | €941 | €100 | -€841 | -89.4% |
| Recurring financial charges | 65 | €941 | €100 | -€841 | -89.4% |
| Profit (loss) for the period before taxes | 9903 | €14,749 | €46,193 | +€31,444 | +213.2% |
| Income taxes | 67/77 | €3,342 | €14,690 | +€11,349 | +339.6% |
| Profit (loss) for the period | 9904 | €11,408 | €31,502 | +€20,095 | +176.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,408 | €31,502 | +€20,095 | +176.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.