MACKY NITU: 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.
MACKY NITU
Largest movements
- Receivables after one year +€57,136
up €57,136 (+333%), from €17,151 to €74,287
- Receivables within one year -€55,568
down €55,568 (-71.6%), from €77,619 to €22,051
of which Trade receivables: -€54,101
- Tangible fixed assets -€8,066
down €8,066 (-28.5%), from €28,256 to €20,191
of which Furniture and vehicles: -€8,871
- Cash -€2,399
down €2,399 (-79.2%), from €3,030 to €631
mainly Receivables after one year (-€57,136) and Tax, wage and social debts (-€5,627)
- Tax, wage and social debts -€5,627
down €5,627 (-56.5%), from €9,958 to €4,331
of which Taxes: -€6,131
- Other debts -€3,200
down €3,200 (-99.8%), from €3,205 to €5
- Current portion of long-term debt -€2,769
down €2,769 (-51.5%), from €5,375 to €2,606
- Debts after one year +€1,936
up €1,936 (+68.8%), from €2,814 to €4,750
of which Other amounts payable: +€4,669
- Contributions +€1,860
up €1,860 (+10.0%), from €18,600 to €20,460
- Gross operating margin -€49,308
down €49,308 (-56.6%), from €87,088 to €37,780
- Provisions -€17,000
no longer reported in 2023 (was €17,000)
- Other operating charges -€7,433
down €7,433 (-61.8%), from €12,034 to €4,601
- Staff costs +€3,757
up €3,757 (+28.8%), from €13,029 to €16,786
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,168 | €174,030 | -€8,138 | -4.5% |
| Fixed assets | 21/28 | €48,256 | €40,191 | -€8,066 | -16.7% |
| Intangible fixed assets | 21 | €20,000 | €20,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €28,256 | €20,191 | -€8,066 | -28.5% |
| Plant, machinery and equipment | 23 | €1,032 | €1,838 | +€806 | +78.0% |
| Furniture and vehicles | 24 | €27,224 | €18,353 | -€8,871 | -32.6% |
| Current assets | 29/58 | €133,911 | €133,839 | -€72 | -0.1% |
| Amounts receivable after more than one year | 29 | €17,151 | €74,287 | +€57,136 | +333% |
| Other amounts receivable | 291 | €17,151 | €74,287 | +€57,136 | +333% |
| Stocks and contracts in progress | 3 | €36,091 | €36,869 | +€778 | +2.2% |
| Stocks | 30/36 | €36,091 | €36,869 | +€778 | +2.2% |
| Amounts receivable within one year | 40/41 | €77,619 | €22,051 | -€55,568 | -71.6% |
| Trade receivables | 40 | €76,151 | €22,050 | -€54,101 | -71.0% |
| Other amounts receivable | 41 | €1,468 | €2 | -€1,466 | -99.9% |
| Cash at bank and in hand | 54/58 | €3,030 | €631 | -€2,399 | -79.2% |
| Deferred charges and accrued income | 490/1 | €20 | - | -€20 | |
| Total equity and liabilities | 10/49 | €182,168 | €174,030 | -€8,138 | -4.5% |
| Equity | 10/15 | €143,816 | €145,338 | +€1,522 | +1.1% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €123,356 | €124,878 | +€1,522 | +1.2% |
| Provisions and deferred taxes | 16 | €17,000 | €17,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €17,000 | €17,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €17,000 | €17,000 | = | 0.0% |
| Amounts payable | 17/49 | €21,352 | €11,692 | -€9,660 | -45.2% |
| Amounts payable after more than one year | 17 | €2,814 | €4,750 | +€1,936 | +68.8% |
| Financial debts | 170/4 | €2,733 | - | -€2,733 | |
| Other amounts payable | 178/9 | €81 | €4,750 | +€4,669 | +5,750% |
| Amounts payable within one year | 42/48 | €18,538 | €6,942 | -€11,596 | -62.6% |
| Current portion of amounts payable after more than one year | 42 | €5,375 | €2,606 | -€2,769 | -51.5% |
| Taxes, remuneration and social security | 45 | €9,958 | €4,331 | -€5,627 | -56.5% |
| Taxes | 450/3 | €9,958 | €3,826 | -€6,131 | -61.6% |
| Remuneration and social security | 454/9 | - | €504 | +€504 | |
| Other amounts payable | 47/48 | €3,205 | €5 | -€3,200 | -99.8% |
| Remuneration, social security and pensions | 62 | €13,029 | €16,786 | +€3,757 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,612 | €10,054 | +€442 | +4.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €17,000 | - | -€17,000 | |
| Other operating charges | 640/8 | €12,034 | €4,601 | -€7,433 | -61.8% |
| Non-recurring operating charges | 66A | - | €53 | +€53 | |
| Gross operating margin | 9900 | €87,088 | €37,780 | -€49,308 | -56.6% |
| Operating profit (loss) | 9901 | €35,413 | €6,286 | -€29,127 | -82.2% |
| Financial income | 75/76B | €2 | €8 | +€6 | +299% |
| Recurring financial income | 75 | €2 | €8 | +€6 | +299% |
| Financial charges | 65/66B | €452 | €272 | -€180 | -39.9% |
| Recurring financial charges | 65 | €452 | €272 | -€180 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €34,963 | €6,022 | -€28,941 | -82.8% |
| Income taxes | 67/77 | €4,445 | €4,500 | +€55 | +1.2% |
| Profit (loss) for the period | 9904 | €30,518 | €1,522 | -€28,996 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,518 | €1,522 | -€28,996 | -95.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.