MACODO: what changed
MACODO
Largest movements
- Receivables within one year +€33,939
up €33,939 (+417%), from €8,143 to €42,082
of which Trade receivables: +€35,000
- Financial fixed assets -€1,492
down €1,492 (-4.5%), from €32,897 to €31,405
- Other debts +€28,382
up €28,382 (+202%), from €14,039 to €42,421
- Advances received +€2,000
new in 2026: €2,000
- Profit (loss) carried forward +€1,856
up €1,856 (+5.1%), from -€36,467 to -€34,611
- Trade debts -€750
down €750 (-3.1%), from €24,030 to €23,280
- Gross operating margin +€17,591
up €17,591, from -€10,237 to €7,354
- Other operating charges +€3,804
up €3,804 (+372%), from €1,023 to €4,827
- Financial charges +€333
up €333 (+203%), from €164 to €497
- Taxes -€301
down €301 (-63.4%), from €475 to €174
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,837 | €74,500 | +€31,663 | +73.9% |
| Fixed assets | 21/28 | €32,897 | €31,405 | -€1,492 | -4.5% |
| Financial fixed assets | 28 | €32,897 | €31,405 | -€1,492 | -4.5% |
| Current assets | 29/58 | €9,940 | €43,095 | +€33,155 | +334% |
| Amounts receivable within one year | 40/41 | €8,143 | €42,082 | +€33,939 | +417% |
| Trade receivables | 40 | - | €35,000 | +€35,000 | |
| Other amounts receivable | 41 | €8,143 | €7,082 | -€1,061 | -13.0% |
| Cash at bank and in hand | 54/58 | €115 | €8 | -€107 | -93.0% |
| Deferred charges and accrued income | 490/1 | €1,682 | €1,005 | -€677 | -40.2% |
| Total equity and liabilities | 10/49 | €42,837 | €74,500 | +€31,663 | +73.9% |
| Equity | 10/15 | -€1,007 | €849 | +€1,856 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,860 | €16,860 | = | 0.0% |
| 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 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,467 | -€34,611 | +€1,856 | +5.1% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €38,844 | €68,651 | +€29,807 | +76.7% |
| Amounts payable within one year | 42/48 | €38,844 | €68,651 | +€29,807 | +76.7% |
| Trade debts | 44 | €24,030 | €23,280 | -€750 | -3.1% |
| Suppliers | 440/4 | €24,030 | €23,280 | -€750 | -3.1% |
| Advances received on contracts in progress | 46 | - | €2,000 | +€2,000 | |
| Taxes, remuneration and social security | 45 | €775 | €950 | +€175 | +22.6% |
| Taxes | 450/3 | €775 | €950 | +€175 | +22.6% |
| Other amounts payable | 47/48 | €14,039 | €42,421 | +€28,382 | +202% |
| Other operating charges | 640/8 | €1,023 | €4,827 | +€3,804 | +372% |
| Gross operating margin | 9900 | -€10,237 | €7,354 | +€17,591 | |
| Operating profit (loss) | 9901 | -€11,260 | €2,527 | +€13,787 | |
| Financial charges | 65/66B | €164 | €497 | +€333 | +203% |
| Recurring financial charges | 65 | €164 | €497 | +€333 | +203% |
| Profit (loss) for the period before taxes | 9903 | -€11,424 | €2,030 | +€13,454 | |
| Income taxes | 67/77 | €475 | €174 | -€301 | -63.4% |
| Profit (loss) for the period | 9904 | -€11,899 | €1,856 | +€13,755 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,899 | €1,856 | +€13,755 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.