Maco Services: 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.
Maco Services
Largest movements
- Cash -€7,479
down €7,479 (-16.1%), from €46,438 to €38,959
mainly Investment in fixed assets (net) (-€7,264) and Receivables within one year (-€3,646)
- Tangible fixed assets +€5,192
up €5,192 (+180%), from €2,884 to €8,076
- Receivables within one year +€3,646
up €3,646 (+369%), from €989 to €4,636
of which Trade receivables: +€4,636
- Profit (loss) carried forward +€3,135
up €3,135 (+18.1%), from €17,329 to €20,464
- Debts after one year -€2,483
down €2,483 (-18.4%), from €13,493 to €11,010
- Other debts +€1,851
new in 2025: €1,851
- Trade debts -€1,143
no longer reported in 2025 (was €1,143)
- Gross operating margin -€38,131
down €38,131 (-87.1%), from €43,762 to €5,631
- Depreciation +€455
up €455 (+28.1%), from €1,617 to €2,072
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 | €50,515 | €51,874 | +€1,359 | +2.7% |
| Fixed assets | 21/28 | €2,884 | €8,076 | +€5,192 | +180% |
| Tangible fixed assets | 22/27 | €2,884 | €8,076 | +€5,192 | +180% |
| Plant, machinery and equipment | 23 | €2,884 | €8,076 | +€5,192 | +180% |
| Current assets | 29/58 | €47,631 | €43,798 | -€3,833 | -8.0% |
| Amounts receivable within one year | 40/41 | €989 | €4,636 | +€3,646 | +369% |
| Trade receivables | 40 | - | €4,636 | +€4,636 | |
| Other amounts receivable | 41 | €989 | - | -€989 | |
| Cash at bank and in hand | 54/58 | €46,438 | €38,959 | -€7,479 | -16.1% |
| Deferred charges and accrued income | 490/1 | €204 | €204 | = | 0.0% |
| Total equity and liabilities | 10/49 | €50,515 | €51,874 | +€1,359 | +2.7% |
| Equity | 10/15 | €35,879 | €39,014 | +€3,135 | +8.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,329 | €20,464 | +€3,135 | +18.1% |
| Amounts payable | 17/49 | €14,636 | €12,861 | -€1,776 | -12.1% |
| Amounts payable after more than one year | 17 | €13,493 | €11,010 | -€2,483 | -18.4% |
| Financial debts | 170/4 | €13,493 | €11,010 | -€2,483 | -18.4% |
| Amounts payable within one year | 42/48 | €1,143 | €1,851 | +€707 | +61.9% |
| Trade debts | 44 | €1,143 | - | -€1,143 | |
| Suppliers | 440/4 | €1,143 | - | -€1,143 | |
| Other amounts payable | 47/48 | - | €1,851 | +€1,851 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,617 | €2,072 | +€455 | +28.1% |
| Other operating charges | 640/8 | €654 | €673 | +€19 | +2.9% |
| Gross operating margin | 9900 | €43,762 | €5,631 | -€38,131 | -87.1% |
| Operating profit (loss) | 9901 | €41,490 | €2,886 | -€38,605 | -93.0% |
| Financial income | 75/76B | - | €294 | +€294 | |
| Recurring financial income | 75 | - | €294 | +€294 | |
| Financial charges | 65/66B | €34 | €45 | +€11 | +33.3% |
| Recurring financial charges | 65 | €34 | €45 | +€11 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €41,457 | €3,135 | -€38,322 | -92.4% |
| Profit (loss) for the period | 9904 | €41,457 | €3,135 | -€38,322 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,457 | €3,135 | -€38,322 | -92.4% |
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 16 October 2026 via checked.be.