MACLEASE: 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.
What changed
MACLEASE
NACE 43.120, Site preparation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€88,824
2024 · €2,119+€86,704
Equity
€2.0m
2024 · €1.9m+€88,824
Cash
€2,435
2024 · €2,407+€27
Balance sheet total
€2.3m
2024 · €2.4m-€114,450
Largest movements
Assets
- Tangible fixed assets -€162,432
down €162,432 (-10.5%), from €1.5m to €1.4m
of which Land and buildings: -€110,125
- Receivables within one year +€48,401
up €48,401 (+5.9%), from €825,061 to €873,462
of which Other amounts receivable: +€110,619
Equity and liabilities
- Current portion of long-term debt -€160,000
down €160,000 (-100%), from €160,000 to €0
- Reserves +€88,824
up €88,824 (+8.2%), from €1.1m to €1.2m
of which Distributable reserves: +€143,461
- Trade debts -€43,182
down €43,182 (-67.6%), from €63,860 to €20,678
Income statement
- Services and other goods -€116,699
down €116,699 (-34.3%), from €339,895 to €223,196
- Taxes +€29,991
up €29,991 (+132%), from €22,703 to €52,694
- Other operating income -€28,401
down €28,401 (-30.2%), from €94,139 to €65,738
- Other operating charges -€21,484
down €21,484 (-25.2%), from €85,242 to €63,758
- Turnover +€13,397
up €13,397 (+2.8%), from €479,923 to €493,320
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
€2,119
Turnover
+€13,397
Other operating income
-€28,401
Services and other goods
+€116,699
Depreciation
+€20
Other operating charges
+€21,484
Financial income
-€12,422
Financial charges
+€5,919
Taxes
-€29,991
Result 2025
€88,824
raises the resultlowers the result
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.
From operations
+€160,027
Investment
€0
Financing
-€160,000
Cash 2024
€2,407
From operations (derived)
+€160,027
Net result for the year
+€88,824
Depreciation
+€162,432
Receivables within one year
-€48,401
Deferred charges and accrued income
+€447
Provisions
-€18,212
Trade debts
-€43,182
Tax, wage and social debts
+€18,470
Accrued charges and deferred income
-€350
Financing
-€160,000
Current portion of long-term debt
-€160,000
Cash 2025
€2,435
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,376,149 | €2,261,698 | -€114,450 | -4.8% |
| Fixed assets | 21/28 | €1,547,022 | €1,384,589 | -€162,432 | -10.5% |
| Tangible fixed assets | 22/27 | €1,547,022 | €1,384,589 | -€162,432 | -10.5% |
| Land and buildings | 22 | €1,427,884 | €1,317,758 | -€110,125 | -7.7% |
| Plant, machinery and equipment | 23 | €39,156 | €30,809 | -€8,347 | -21.3% |
| Furniture and vehicles | 24 | €79,982 | €36,022 | -€43,960 | -55.0% |
| Current assets | 29/58 | €829,127 | €877,109 | +€47,982 | +5.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €825,061 | €873,462 | +€48,401 | +5.9% |
| Trade receivables | 40 | €62,218 | €0 | -€62,218 | -100% |
| Other amounts receivable | 41 | €762,843 | €873,462 | +€110,619 | +14.5% |
| Cash at bank and in hand | 54/58 | €2,407 | €2,435 | +€27 | +1.1% |
| Deferred charges and accrued income | 490/1 | €1,659 | €1,213 | -€447 | -26.9% |
| Total equity and liabilities | 10/49 | €2,376,149 | €2,261,698 | -€114,450 | -4.8% |
| Equity | 10/15 | €1,929,416 | €2,018,240 | +€88,824 | +4.6% |
| Contributions | 10/11 | €850,000 | €850,000 | = | 0.0% |
| Capital | 10 | €850,000 | €850,000 | = | 0.0% |
| Issued capital | 100 | €850,000 | €850,000 | = | 0.0% |
| Reserves | 13 | €1,079,416 | €1,168,240 | +€88,824 | +8.2% |
| Non-distributable reserves | 130/1 | €85,000 | €85,000 | = | 0.0% |
| Legal reserve | 130 | €85,000 | €85,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €564,894 | €510,257 | -€54,637 | -9.7% |
| Distributable reserves | 133 | €429,523 | €572,983 | +€143,461 | +33.4% |
| Provisions and deferred taxes | 16 | €188,298 | €170,086 | -€18,212 | -9.7% |
| Deferred taxes | 168 | €188,298 | €170,086 | -€18,212 | -9.7% |
| Amounts payable | 17/49 | €258,434 | €73,372 | -€185,062 | -71.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €258,084 | €73,372 | -€184,712 | -71.6% |
| Current portion of amounts payable after more than one year | 42 | €160,000 | €0 | -€160,000 | -100% |
| Trade debts | 44 | €63,860 | €20,678 | -€43,182 | -67.6% |
| Suppliers | 440/4 | €63,860 | €20,678 | -€43,182 | -67.6% |
| Taxes, remuneration and social security | 45 | €34,224 | €52,694 | +€18,470 | +54.0% |
| Taxes | 450/3 | €34,224 | €52,694 | +€18,470 | +54.0% |
| Accrued charges and deferred income | 492/3 | €350 | €0 | -€350 | -100% |
| Operating income | 70/76A | €574,062 | €559,058 | -€15,004 | -2.6% |
| Turnover | 70 | €479,923 | €493,320 | +€13,397 | +2.8% |
| Other operating income | 74 | €94,139 | €65,738 | -€28,401 | -30.2% |
| Operating charges | 60/66A | €587,589 | €449,386 | -€138,202 | -23.5% |
| Services and other goods | 61 | €339,895 | €223,196 | -€116,699 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,452 | €162,432 | -€20 | 0.0% |
| Other operating charges | 640/8 | €85,242 | €63,758 | -€21,484 | -25.2% |
| Operating profit (loss) | 9901 | -€13,527 | €109,672 | +€123,199 | |
| Financial income | 75/76B | €27,614 | €15,192 | -€12,422 | -45.0% |
| Recurring financial income | 75 | €27,614 | €15,192 | -€12,422 | -45.0% |
| Income from financial fixed assets | 750 | €27,614 | €15,192 | -€12,422 | -45.0% |
| Other financial income | 752/9 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €7,477 | €1,558 | -€5,919 | -79.2% |
| Recurring financial charges | 65 | €7,477 | €1,558 | -€5,919 | -79.2% |
| Debt charges | 650 | €6,782 | €956 | -€5,826 | -85.9% |
| Other financial charges | 652/9 | €695 | €602 | -€93 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €6,611 | €123,306 | +€116,695 | +1,765% |
| Transfer from deferred taxes | 780 | €18,212 | €18,212 | = | 0.0% |
| Income taxes | 67/77 | €22,703 | €52,694 | +€29,991 | +132% |
| Taxes | 670/3 | €22,703 | €52,694 | +€29,991 | +132% |
| Profit (loss) for the period | 9904 | €2,119 | €88,824 | +€86,704 | +4,091% |
| Transfer from tax-exempt reserves | 789 | €54,637 | €54,637 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,756 | €143,461 | +€86,704 | +153% |
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.