MACIOTTO BELGIUM: 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.
MACIOTTO BELGIUM
Largest movements
- Stocks and contracts +€25,584
up €25,584 (+22.1%), from €115,532 to €141,116
- Cash +€17,965
up €17,965 (+117%), from €15,381 to €33,346
mainly Trade debts (+€18,698) and Receivables within one year (+€13,006)
- Receivables within one year -€13,006
down €13,006 (-5.6%), from €232,613 to €219,607
of which Trade receivables: -€13,008
- Deferred charges and accrued income -€12,347
down €12,347 (-75.5%), from €16,347 to €4,000
- Tangible fixed assets -€5,954
down €5,954 (-9.7%), from €61,307 to €55,353
of which Plant, machinery and equipment: -€3,589
- Trade debts +€18,698
up €18,698 (+10.4%), from €179,109 to €197,807
- Debts after one year -€5,857
down €5,857 (-21.1%), from €27,821 to €21,964
- Staff costs +€22,273
up €22,273 (+9.2%), from €241,118 to €263,391
- Gross operating margin +€14,650
up €14,650 (+5.5%), from €265,022 to €279,672
- Financial income -€4,989
down €4,989 (-99.6%), from €5,006 to €18
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 | €445,308 | €457,590 | +€12,283 | +2.8% |
| Fixed assets | 21/28 | €61,643 | €55,721 | -€5,922 | -9.6% |
| Tangible fixed assets | 22/27 | €61,307 | €55,353 | -€5,954 | -9.7% |
| Plant, machinery and equipment | 23 | €4,631 | €1,042 | -€3,589 | -77.5% |
| Furniture and vehicles | 24 | €17,036 | €15,140 | -€1,896 | -11.1% |
| Other tangible fixed assets | 26 | €39,641 | €39,171 | -€470 | -1.2% |
| Financial fixed assets | 28 | €335 | €368 | +€32 | +9.6% |
| Current assets | 29/58 | €383,665 | €401,869 | +€18,204 | +4.7% |
| Stocks and contracts in progress | 3 | €115,532 | €141,116 | +€25,584 | +22.1% |
| Stocks | 30/36 | €115,532 | €141,116 | +€25,584 | +22.1% |
| Amounts receivable within one year | 40/41 | €232,613 | €219,607 | -€13,006 | -5.6% |
| Trade receivables | 40 | €229,713 | €216,705 | -€13,008 | -5.7% |
| Other amounts receivable | 41 | €2,900 | €2,902 | +€2 | +0.1% |
| Current investments | 50/53 | €3,792 | €3,800 | +€8 | +0.2% |
| Cash at bank and in hand | 54/58 | €15,381 | €33,346 | +€17,965 | +117% |
| Deferred charges and accrued income | 490/1 | €16,347 | €4,000 | -€12,347 | -75.5% |
| Total equity and liabilities | 10/49 | €445,308 | €457,590 | +€12,283 | +2.8% |
| Equity | 10/15 | €210,417 | €211,620 | +€1,203 | +0.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €148,417 | €149,620 | +€1,203 | +0.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €142,217 | €143,420 | +€1,203 | +0.8% |
| Amounts payable | 17/49 | €234,891 | €245,971 | +€11,080 | +4.7% |
| Amounts payable after more than one year | 17 | €27,821 | €21,964 | -€5,857 | -21.1% |
| Financial debts | 170/4 | €27,821 | €21,964 | -€5,857 | -21.1% |
| Amounts payable within one year | 42/48 | €205,309 | €222,295 | +€16,986 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €6,533 | €6,531 | -€3 | 0.0% |
| Trade debts | 44 | €179,109 | €197,807 | +€18,698 | +10.4% |
| Suppliers | 440/4 | €179,109 | €197,807 | +€18,698 | +10.4% |
| Taxes, remuneration and social security | 45 | €16,190 | €14,808 | -€1,382 | -8.5% |
| Taxes | 450/3 | €16,190 | €14,808 | -€1,382 | -8.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,476 | €3,150 | -€327 | -9.4% |
| Accrued charges and deferred income | 492/3 | €1,761 | €1,711 | -€49 | -2.8% |
| Remuneration, social security and pensions | 62 | €241,118 | €263,391 | +€22,273 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,461 | €10,299 | -€2,162 | -17.3% |
| Other operating charges | 640/8 | €1,478 | €1,501 | +€23 | +1.6% |
| Gross operating margin | 9900 | €265,022 | €279,672 | +€14,650 | +5.5% |
| Operating profit (loss) | 9901 | €9,966 | €4,481 | -€5,485 | -55.0% |
| Financial income | 75/76B | €5,006 | €18 | -€4,989 | -99.6% |
| Recurring financial income | 75 | €5,006 | €18 | -€4,989 | -99.6% |
| Financial charges | 65/66B | €3,763 | €2,523 | -€1,240 | -33.0% |
| Recurring financial charges | 65 | €3,763 | €2,523 | -€1,240 | -33.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €11,209 | €1,976 | -€9,233 | -82.4% |
| Income taxes | 67/77 | €2,823 | €774 | -€2,049 | -72.6% |
| Profit (loss) for the period | 9904 | €8,387 | €1,203 | -€7,184 | -85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,387 | €1,203 | -€7,184 | -85.7% |
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 29 October 2026 via checked.be.