MACKELS HOLZ: 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.
MACKELS HOLZ
Largest movements
- Tangible fixed assets +€28,235
up €28,235 (+19.8%), from €142,818 to €171,053
of which Plant, machinery and equipment: +€22,427
- Receivables within one year +€26,312
up €26,312 (+51.8%), from €50,817 to €77,130
of which Trade receivables: +€23,943
- Stocks and contracts +€11,000
up €11,000 (+4.2%), from €263,000 to €274,000
- Trade debts +€44,313
up €44,313 (+31.1%), from €142,659 to €186,972
- Other debts -€23,013
down €23,013 (-10.1%), from €228,562 to €205,549
- Tax, wage and social debts +€18,399
up €18,399 (+1,092%), from €1,686 to €20,084
of which Remuneration and social security: +€18,897
- Profit (loss) carried forward +€10,480
up €10,480 (+2.0%), from -€522,190 to -€511,710
- Current portion of long-term debt +€6,359
up €6,359 (+15.3%), from €41,650 to €48,009
- Depreciation +€7,324
up €7,324 (+30.9%), from €23,703 to €31,027
- Other operating charges +€3,684
up €3,684 (+258%), from €1,426 to €5,110
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 | €462,501 | €523,284 | +€60,782 | +13.1% |
| Fixed assets | 21/28 | €142,818 | €171,053 | +€28,235 | +19.8% |
| Tangible fixed assets | 22/27 | €142,818 | €171,053 | +€28,235 | +19.8% |
| Land and buildings | 22 | €87,027 | €79,931 | -€7,096 | -8.2% |
| Plant, machinery and equipment | 23 | €7,382 | €29,810 | +€22,427 | +304% |
| Furniture and vehicles | 24 | €7,817 | €9,264 | +€1,447 | +18.5% |
| Leasing and similar rights | 25 | €37,690 | €49,147 | +€11,457 | +30.4% |
| Other tangible fixed assets | 26 | €2,902 | €2,902 | = | 0.0% |
| Current assets | 29/58 | €319,684 | €352,231 | +€32,547 | +10.2% |
| Stocks and contracts in progress | 3 | €263,000 | €274,000 | +€11,000 | +4.2% |
| Stocks | 30/36 | €263,000 | €274,000 | +€11,000 | +4.2% |
| Amounts receivable within one year | 40/41 | €50,817 | €77,130 | +€26,312 | +51.8% |
| Trade receivables | 40 | €44,567 | €68,510 | +€23,943 | +53.7% |
| Other amounts receivable | 41 | €6,250 | €8,620 | +€2,370 | +37.9% |
| Cash at bank and in hand | 54/58 | €2,642 | €424 | -€2,218 | -84.0% |
| Deferred charges and accrued income | 490/1 | €3,225 | €678 | -€2,547 | -79.0% |
| Total equity and liabilities | 10/49 | €462,501 | €523,284 | +€60,782 | +13.1% |
| Equity | 10/15 | -€122,190 | -€111,710 | +€10,480 | +8.6% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€522,190 | -€511,710 | +€10,480 | +2.0% |
| Amounts payable | 17/49 | €584,691 | €634,994 | +€50,303 | +8.6% |
| Amounts payable after more than one year | 17 | €170,071 | €173,980 | +€3,908 | +2.3% |
| Financial debts | 170/4 | €170,071 | €173,980 | +€3,908 | +2.3% |
| Amounts payable within one year | 42/48 | €414,556 | €460,615 | +€46,058 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €41,650 | €48,009 | +€6,359 | +15.3% |
| Trade debts | 44 | €142,659 | €186,972 | +€44,313 | +31.1% |
| Suppliers | 440/4 | €142,659 | €186,972 | +€44,313 | +31.1% |
| Taxes, remuneration and social security | 45 | €1,686 | €20,084 | +€18,399 | +1,092% |
| Taxes | 450/3 | €542 | €44 | -€498 | -91.9% |
| Remuneration and social security | 454/9 | €1,144 | €20,040 | +€18,897 | +1,652% |
| Other amounts payable | 47/48 | €228,562 | €205,549 | -€23,013 | -10.1% |
| Accrued charges and deferred income | 492/3 | €64 | €400 | +€336 | +529% |
| Remuneration, social security and pensions | 62 | €38,839 | €37,907 | -€932 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,703 | €31,027 | +€7,324 | +30.9% |
| Other operating charges | 640/8 | €1,426 | €5,110 | +€3,684 | +258% |
| Non-recurring operating charges | 66A | - | €3,211 | +€3,211 | |
| Gross operating margin | 9900 | €98,675 | €98,500 | -€175 | -0.2% |
| Operating profit (loss) | 9901 | €34,708 | €21,244 | -€13,463 | -38.8% |
| Financial income | 75/76B | €15 | €209 | +€194 | +1,309% |
| Recurring financial income | 75 | €15 | €209 | +€194 | +1,309% |
| Financial charges | 65/66B | €9,982 | €10,872 | +€890 | +8.9% |
| Recurring financial charges | 65 | €9,982 | €10,872 | +€890 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €24,740 | €10,581 | -€14,159 | -57.2% |
| Income taxes | 67/77 | - | €102 | +€102 | |
| Profit (loss) for the period | 9904 | €24,740 | €10,480 | -€14,261 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,740 | €10,480 | -€14,261 | -57.6% |
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 15 October 2026 via checked.be.