MACKA INVEST: 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.
MACKA INVEST
Largest movements
- Receivables within one year -€23,116
down €23,116 (-71.1%), from €32,517 to €9,401
of which Trade receivables: -€23,396
- Cash +€16,021
up €16,021 (+121%), from €13,250 to €29,271
mainly Receivables within one year (+€23,116) and Net result for the year (+€4,943)
- Deferred charges and accrued income +€7,607
up €7,607 (+546%), from €1,393 to €9,000
- Tangible fixed assets -€1,889
down €1,889 (-59.0%), from €3,204 to €1,315
of which Land and buildings: -€1,526
- Trade debts -€9,246
down €9,246 (-68.2%), from €13,549 to €4,303
- Profit (loss) carried forward +€4,943
up €4,943 (+20.8%), from €23,770 to €28,713
- Tax, wage and social debts +€4,519
up €4,519 (+136%), from €3,320 to €7,839
- Current portion of long-term debt -€2,165
no longer reported in 2025 (was €2,165)
- Accrued charges and deferred income +€571
new in 2025: €571
- Gross operating margin -€6,635
down €6,635 (-37.0%), from €17,914 to €11,279
- Depreciation -€4,414
down €4,414 (-70.0%), from €6,303 to €1,889
- Taxes +€3,000
new in 2025: €3,000
- Financial charges +€694
up €694 (+230%), from €302 to €996
- Other operating charges -€543
down €543 (-54.0%), from €1,005 to €462
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 | €50,864 | €49,487 | -€1,377 | -2.7% |
| Fixed assets | 21/28 | €3,704 | €1,815 | -€1,889 | -51.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,204 | €1,315 | -€1,889 | -59.0% |
| Land and buildings | 22 | €2,268 | €742 | -€1,526 | -67.3% |
| Plant, machinery and equipment | 23 | €936 | €573 | -€363 | -38.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €47,160 | €47,672 | +€512 | +1.1% |
| Amounts receivable within one year | 40/41 | €32,517 | €9,401 | -€23,116 | -71.1% |
| Trade receivables | 40 | €30,953 | €7,557 | -€23,396 | -75.6% |
| Other amounts receivable | 41 | €1,564 | €1,843 | +€279 | +17.9% |
| Cash at bank and in hand | 54/58 | €13,250 | €29,271 | +€16,021 | +121% |
| Deferred charges and accrued income | 490/1 | €1,393 | €9,000 | +€7,607 | +546% |
| Total equity and liabilities | 10/49 | €50,864 | €49,487 | -€1,377 | -2.7% |
| Equity | 10/15 | €31,830 | €36,773 | +€4,943 | +15.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,770 | €28,713 | +€4,943 | +20.8% |
| Amounts payable | 17/49 | €19,034 | €12,714 | -€6,320 | -33.2% |
| Amounts payable within one year | 42/48 | €19,034 | €12,143 | -€6,892 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €2,165 | - | -€2,165 | |
| Trade debts | 44 | €13,549 | €4,303 | -€9,246 | -68.2% |
| Suppliers | 440/4 | €13,549 | €4,303 | -€9,246 | -68.2% |
| Taxes, remuneration and social security | 45 | €3,320 | €7,839 | +€4,519 | +136% |
| Taxes | 450/3 | €3,320 | €7,839 | +€4,519 | +136% |
| Accrued charges and deferred income | 492/3 | - | €571 | +€571 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,303 | €1,889 | -€4,414 | -70.0% |
| Other operating charges | 640/8 | €1,005 | €462 | -€543 | -54.0% |
| Gross operating margin | 9900 | €17,914 | €11,279 | -€6,635 | -37.0% |
| Operating profit (loss) | 9901 | €10,606 | €8,928 | -€1,678 | -15.8% |
| Financial income | 75/76B | €72 | €10 | -€62 | -85.7% |
| Recurring financial income | 75 | €72 | €10 | -€62 | -85.7% |
| Financial charges | 65/66B | €302 | €996 | +€694 | +230% |
| Recurring financial charges | 65 | €302 | €996 | +€694 | +230% |
| Profit (loss) for the period before taxes | 9903 | €10,376 | €7,943 | -€2,433 | -23.5% |
| Income taxes | 67/77 | - | €3,000 | +€3,000 | |
| Profit (loss) for the period | 9904 | €10,376 | €4,943 | -€5,433 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,376 | €4,943 | -€5,433 | -52.4% |
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 28 October 2026 via checked.be.