Maclen Management: 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.
Maclen Management
Largest movements
- Receivables within one year +€98,280
up €98,280 (+121%), from €81,464 to €179,744
of which Trade receivables: +€76,317
- Tangible fixed assets -€24,903
down €24,903 (-27.4%), from €90,821 to €65,918
of which Furniture and vehicles: -€22,406
- Cash -€12,505
down €12,505 (-18.0%), from €69,305 to €56,800
mainly Receivables within one year (-€98,280) and Debts after one year (-€17,216)
- Profit (loss) carried forward +€38,881
no longer reported in 2025 (was -€38,881)
- Reserves +€32,267
up €32,267 (+17.8%), from €181,606 to €213,872
of which Distributable reserves: +€32,267
- Debts after one year -€17,216
down €17,216 (-33.1%), from €52,054 to €34,838
- Tax, wage and social debts +€6,049
up €6,049 (+23.7%), from €25,500 to €31,549
of which Taxes: +€13,602
- Trade debts +€3,879
up €3,879 (+2,508%), from €155 to €4,034
- Provisions +€101,438
no longer reported in 2025 (was -€101,438)
- Financial charges -€98,762
down €98,762 (-95.4%), from €103,573 to €4,811
- Taxes +€16,997
up €16,997 (+3,248%), from €523 to €17,520
- Depreciation +€16,793
up €16,793 (+207%), from €8,110 to €24,903
- Staff costs -€4,301
down €4,301 (-6.8%), from €63,229 to €58,928
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 | €248,067 | €308,875 | +€60,808 | +24.5% |
| Fixed assets | 21/28 | €90,821 | €65,918 | -€24,903 | -27.4% |
| Tangible fixed assets | 22/27 | €90,821 | €65,918 | -€24,903 | -27.4% |
| Furniture and vehicles | 24 | €80,831 | €58,426 | -€22,406 | -27.7% |
| Other tangible fixed assets | 26 | €9,990 | €7,492 | -€2,497 | -25.0% |
| Current assets | 29/58 | €157,245 | €242,957 | +€85,712 | +54.5% |
| Amounts receivable within one year | 40/41 | €81,464 | €179,744 | +€98,280 | +121% |
| Trade receivables | 40 | €34,575 | €110,892 | +€76,317 | +221% |
| Other amounts receivable | 41 | €46,889 | €68,852 | +€21,963 | +46.8% |
| Cash at bank and in hand | 54/58 | €69,305 | €56,800 | -€12,505 | -18.0% |
| Deferred charges and accrued income | 490/1 | €6,477 | €6,413 | -€63 | -1.0% |
| Total equity and liabilities | 10/49 | €248,067 | €308,875 | +€60,808 | +24.5% |
| Equity | 10/15 | €148,925 | €220,072 | +€71,147 | +47.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €181,606 | €213,872 | +€32,267 | +17.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €179,746 | €212,012 | +€32,267 | +18.0% |
| Profit (loss) carried forward | 14 | -€38,881 | - | +€38,881 | |
| Amounts payable | 17/49 | €99,141 | €88,803 | -€10,339 | -10.4% |
| Amounts payable after more than one year | 17 | €52,054 | €34,838 | -€17,216 | -33.1% |
| Financial debts | 170/4 | €52,054 | €34,838 | -€17,216 | -33.1% |
| Amounts payable within one year | 42/48 | €45,962 | €52,799 | +€6,837 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €16,588 | €17,216 | +€628 | +3.8% |
| Financial debts | 43 | €3,719 | - | -€3,719 | |
| Credit institutions | 430/8 | €3,719 | - | -€3,719 | |
| Trade debts | 44 | €155 | €4,034 | +€3,879 | +2,508% |
| Suppliers | 440/4 | €155 | €4,034 | +€3,879 | +2,508% |
| Taxes, remuneration and social security | 45 | €25,500 | €31,549 | +€6,049 | +23.7% |
| Taxes | 450/3 | €17,947 | €31,549 | +€13,602 | +75.8% |
| Remuneration and social security | 454/9 | €7,553 | - | -€7,553 | |
| Accrued charges and deferred income | 492/3 | €1,126 | €1,166 | +€40 | +3.5% |
| Remuneration, social security and pensions | 62 | €63,229 | €58,928 | -€4,301 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,110 | €24,903 | +€16,793 | +207% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€101,438 | - | +€101,438 | |
| Other operating charges | 640/8 | €961 | €587 | -€374 | -38.9% |
| Gross operating margin | 9900 | €177,769 | €175,587 | -€2,181 | -1.2% |
| Operating profit (loss) | 9901 | €206,907 | €91,169 | -€115,738 | -55.9% |
| Financial income | 75/76B | €5,552 | €2,310 | -€3,243 | -58.4% |
| Recurring financial income | 75 | €5,552 | €2,310 | -€3,243 | -58.4% |
| Financial charges | 65/66B | €103,573 | €4,811 | -€98,762 | -95.4% |
| Recurring financial charges | 65 | €103,573 | €4,811 | -€98,762 | -95.4% |
| Profit (loss) for the period before taxes | 9903 | €108,886 | €88,667 | -€20,219 | -18.6% |
| Income taxes | 67/77 | €523 | €17,520 | +€16,997 | +3,248% |
| Profit (loss) for the period | 9904 | €108,363 | €71,147 | -€37,215 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €108,363 | €71,147 | -€37,215 | -34.3% |
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 17 October 2026 via checked.be.