MACO DESIGN: 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.
MACO DESIGN
Largest movements
- Cash +€32,083
up €32,083 (+377.5%), from €8,499 to €40,582
mainly Other debts (+€57,080) and Net result for the year (+€21,183)
- Tangible fixed assets +€3,758
up €3,758 (+4142.3%), from €91 to €3,849
- Receivables within one year -€1,631
down €1,631 (-54.2%), from €3,007 to €1,377
of which Trade receivables: -€1,210
- Other debts +€57,080
up €57,080 (+264.4%), from €21,589 to €78,669
- Profit (loss) carried forward -€23,817
down €23,817 (-94.2%), from €25,283 to €1,466
- Trade debts +€1,215
new in 2025: €1,215
- Gross operating margin +€35,616
up €35,616, from -€13,798 to €21,818
- Depreciation -€1,240
down €1,240 (-89.5%), from €1,386 to €146
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,872 | €91,350 | +€34,478 | +60.6% |
| Fixed assets | 21/28 | €45,091 | €48,849 | +€3,758 | +8.3% |
| Tangible fixed assets | 22/27 | €91 | €3,849 | +€3,758 | +4142.3% |
| Furniture and vehicles | 24 | €91 | €3,849 | +€3,758 | +4142.3% |
| Financial fixed assets | 28 | €45,000 | €45,000 | = | 0.0% |
| Current assets | 29/58 | €11,781 | €42,501 | +€30,720 | +260.8% |
| Amounts receivable within one year | 40/41 | €3,007 | €1,377 | -€1,631 | -54.2% |
| Trade receivables | 40 | €1,210 | - | -€1,210 | |
| Other amounts receivable | 41 | €1,797 | €1,377 | -€421 | -23.4% |
| Cash at bank and in hand | 54/58 | €8,499 | €40,582 | +€32,083 | +377.5% |
| Deferred charges and accrued income | 490/1 | €274 | €542 | +€268 | +97.6% |
| Total equity and liabilities | 10/49 | €56,872 | €91,350 | +€34,478 | +60.6% |
| Equity | 10/15 | €35,283 | €11,466 | -€23,817 | -67.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,283 | €1,466 | -€23,817 | -94.2% |
| Amounts payable | 17/49 | €21,589 | €79,884 | +€58,295 | +270.0% |
| Amounts payable within one year | 42/48 | €21,589 | €79,884 | +€58,295 | +270.0% |
| Trade debts | 44 | - | €1,215 | +€1,215 | |
| Suppliers | 440/4 | - | €1,215 | +€1,215 | |
| Other amounts payable | 47/48 | €21,589 | €78,669 | +€57,080 | +264.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,386 | €146 | -€1,240 | -89.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€13,798 | €21,818 | +€35,616 | |
| Operating profit (loss) | 9901 | -€15,571 | €21,273 | +€36,844 | |
| Financial charges | 65/66B | €148 | €90 | -€58 | -39.2% |
| Recurring financial charges | 65 | €148 | €90 | -€58 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,719 | €21,183 | +€36,902 | |
| Profit (loss) for the period | 9904 | -€15,719 | €21,183 | +€36,902 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,719 | €21,183 | +€36,902 |
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 30 September 2026 via checked.be.