MACLAN: 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.
MACLAN
Largest movements
- Tangible fixed assets -€64,793
down €64,793 (-4.4%), from €1.5m to €1.4m
- Cash +€52,719
up €52,719 (+50.0%), from €105,446 to €158,164
mainly Net result for the year (+€84,114) and Depreciation (+€64,793)
- Debts after one year -€96,107
down €96,107 (-10.3%), from €932,483 to €836,376
of which Financial debts: -€96,107
- Profit (loss) carried forward +€84,114
up €84,114 (+17.9%), from €470,313 to €554,427
- Gross operating margin +€5,404
up €5,404 (+2.5%), from €212,097 to €217,501
- Financial charges -€3,870
down €3,870 (-16.7%), from €23,190 to €19,320
- Taxes +€2,342
up €2,342 (+9.1%), from €25,689 to €28,031
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 | €1,571,462 | €1,559,388 | -€12,075 | -0.8% |
| Fixed assets | 21/28 | €1,466,017 | €1,401,223 | -€64,793 | -4.4% |
| Tangible fixed assets | 22/27 | €1,466,017 | €1,401,223 | -€64,793 | -4.4% |
| Land and buildings | 22 | €1,466,017 | €1,401,223 | -€64,793 | -4.4% |
| Current assets | 29/58 | €105,446 | €158,164 | +€52,719 | +50.0% |
| Cash at bank and in hand | 54/58 | €105,446 | €158,164 | +€52,719 | +50.0% |
| Total equity and liabilities | 10/49 | €1,571,462 | €1,559,388 | -€12,075 | -0.8% |
| Equity | 10/15 | €492,313 | €576,427 | +€84,114 | +17.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €470,313 | €554,427 | +€84,114 | +17.9% |
| Amounts payable | 17/49 | €1,079,149 | €982,960 | -€96,189 | -8.9% |
| Amounts payable after more than one year | 17 | €932,483 | €836,376 | -€96,107 | -10.3% |
| Financial debts | 170/4 | €432,483 | €336,376 | -€96,107 | -22.2% |
| Other amounts payable | 178/9 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €146,666 | €146,584 | -€82 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €96,107 | €96,107 | = | 0.0% |
| Trade debts | 44 | €979 | €328 | -€651 | -66.5% |
| Suppliers | 440/4 | €979 | €328 | -€651 | -66.5% |
| Taxes, remuneration and social security | 45 | €4,665 | €5,234 | +€569 | +12.2% |
| Taxes | 450/3 | €3,415 | €3,984 | +€569 | +16.7% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 47/48 | €44,915 | €44,915 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,793 | €64,793 | = | 0.0% |
| Other operating charges | 640/8 | €22,883 | €22,486 | -€397 | -1.7% |
| Gross operating margin | 9900 | €212,097 | €217,501 | +€5,404 | +2.5% |
| Operating profit (loss) | 9901 | €124,420 | €130,221 | +€5,801 | +4.7% |
| Financial income | 75/76B | €1,524 | €1,244 | -€280 | -18.4% |
| Recurring financial income | 75 | €1,524 | €1,244 | -€280 | -18.4% |
| Financial charges | 65/66B | €23,190 | €19,320 | -€3,870 | -16.7% |
| Recurring financial charges | 65 | €23,190 | €19,320 | -€3,870 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €102,755 | €112,145 | +€9,391 | +9.1% |
| Income taxes | 67/77 | €25,689 | €28,031 | +€2,342 | +9.1% |
| Profit (loss) for the period | 9904 | €77,066 | €84,114 | +€7,048 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,066 | €84,114 | +€7,048 | +9.1% |
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 19 October 2026 via checked.be.