MACKS: 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.
What changed
MACKS
NACE 86.910, Medical imaging and medical laboratories
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€308,286
2024 · €418,432-€110,146
Equity
€2.2m
2024 · €1.9m+€308,286
Cash
€10,261
2024 · €9,007+€1,255
Balance sheet total
€2.7m
2024 · €2.4m+€311,587
Largest movements
Assets
- Current investments +€345,540
up €345,540 (+15.6%), from €2.2m to €2.6m
- Deferred charges and accrued income -€35,132
down €35,132 (-31.9%), from €110,039 to €74,907
Equity and liabilities
- Reserves +€317,428
up €317,428 (+17.1%), from €1.9m to €2.2m
Income statement
- Gross operating margin -€181,731
down €181,731 (-31.4%), from €577,944 to €396,213
- Taxes -€50,176
down €50,176 (-26.7%), from €188,265 to €138,089
- Financial income +€14,493
up €14,493 (+25.5%), from €56,795 to €71,287
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.
Result 2024
€418,432
Gross operating margin
-€181,731
Depreciation
+€1,314
Other operating charges
+€325
Financial income
+€14,493
Financial charges
+€5,278
Taxes
+€50,176
Result 2025
€308,286
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.
From operations
+€321,980
Investment
-€345,540
Financing
+€24,814
Cash 2024
€9,007
From operations (derived)
+€321,980
Net result for the year
+€308,286
Depreciation
+€472
Smaller working-capital items
+€380
Deferred charges and accrued income
+€35,132
Other debts
-€22,290
Investment (derived)
-€345,540
Current investments
-€345,540
Financing
+€24,814
Debts after one year
+€25,000
Short-term financial debts
-€186
Cash 2025
€10,261
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,369,898 | €2,681,485 | +€311,587 | +13.1% |
| Fixed assets | 21/28 | €472 | €0 | -€472 | -100.0% |
| Tangible fixed assets | 22/27 | €472 | €0 | -€472 | -100.0% |
| Furniture and vehicles | 24 | €472 | €0 | -€472 | -100.0% |
| Current assets | 29/58 | €2,369,426 | €2,681,485 | +€312,059 | +13.2% |
| Amounts receivable within one year | 40/41 | €42,098 | €42,495 | +€396 | +0.9% |
| Other amounts receivable | 41 | €42,098 | €42,495 | +€396 | +0.9% |
| Current investments | 50/53 | €2,208,282 | €2,553,822 | +€345,540 | +15.6% |
| Cash at bank and in hand | 54/58 | €9,007 | €10,261 | +€1,255 | +13.9% |
| Deferred charges and accrued income | 490/1 | €110,039 | €74,907 | -€35,132 | -31.9% |
| Total equity and liabilities | 10/49 | €2,369,898 | €2,681,485 | +€311,587 | +13.1% |
| Equity | 10/15 | €1,919,371 | €2,227,658 | +€308,286 | +16.1% |
| Contributions | 10/11 | €54,480 | €54,480 | = | 0.0% |
| Reserves | 13 | €1,855,750 | €2,173,178 | +€317,428 | +17.1% |
| Distributable reserves | 133 | €1,855,750 | €2,173,178 | +€317,428 | +17.1% |
| Profit (loss) carried forward | 14 | €9,141 | €0 | -€9,141 | -100.0% |
| Amounts payable | 17/49 | €450,527 | €453,828 | +€3,301 | +0.7% |
| Amounts payable after more than one year | 17 | €385,000 | €410,000 | +€25,000 | +6.5% |
| Financial debts | 170/4 | €385,000 | €410,000 | +€25,000 | +6.5% |
| Amounts payable within one year | 42/48 | €26,292 | €4,328 | -€21,964 | -83.5% |
| Financial debts | 43 | €186 | €0 | -€186 | -100.0% |
| Credit institutions | 430/8 | €186 | €0 | -€186 | -100.0% |
| Trade debts | 44 | €808 | €1,319 | +€511 | +63.2% |
| Suppliers | 440/4 | €808 | €1,319 | +€511 | +63.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €25,298 | €3,008 | -€22,290 | -88.1% |
| Accrued charges and deferred income | 492/3 | €39,235 | €39,500 | +€265 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,786 | €472 | -€1,314 | -73.6% |
| Other operating charges | 640/8 | €2,243 | €1,918 | -€325 | -14.5% |
| Gross operating margin | 9900 | €577,944 | €396,213 | -€181,731 | -31.4% |
| Operating profit (loss) | 9901 | €573,915 | €393,823 | -€180,093 | -31.4% |
| Financial income | 75/76B | €56,795 | €71,287 | +€14,493 | +25.5% |
| Recurring financial income | 75 | €56,795 | €71,287 | +€14,493 | +25.5% |
| Financial charges | 65/66B | €24,013 | €18,735 | -€5,278 | -22.0% |
| Recurring financial charges | 65 | €24,013 | €18,735 | -€5,278 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €606,697 | €446,375 | -€160,322 | -26.4% |
| Income taxes | 67/77 | €188,265 | €138,089 | -€50,176 | -26.7% |
| Profit (loss) for the period | 9904 | €418,432 | €308,286 | -€110,146 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €418,432 | €308,286 | -€110,146 | -26.3% |
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 3 October 2026 via checked.be.