MACOGAS: 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
MACOGAS
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€907,754
2024 · €724,982+€182,772
Equity
€3.9m
2024 · €3.9m+€43,502
Cash
€4.0m
2024 · €3.5m+€449,134
Balance sheet total
€5.6m
2024 · €5.2m+€454,503
Largest movements
Assets
- Cash +€449,134
up €449,134 (+12.7%), from €3.5m to €4.0m
mainly Net result for the year (+€907,754) and Other debts (+€626,297)
Equity and liabilities
- Other debts +€626,297
up €626,297 (+112%), from €558,456 to €1.2m
- Accrued charges and deferred income -€227,541
down €227,541 (-96.5%), from €235,870 to €8,329
Income statement
- Gross operating margin +€246,593
up €246,593 (+14.3%), from €1.7m to €2.0m
- Taxes +€93,090
up €93,090 (+26.5%), from €350,837 to €443,928
- Financial income +€27,912
up €27,912 (+60.4%), from €46,214 to €74,127
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
€724,982
Gross operating margin
+€246,593
Staff costs
-€13,824
Depreciation
+€12,029
Write-downs
+€11,133
Other operating charges
-€2,584
Financial income
+€27,912
Financial charges
-€5,390
Taxes
-€93,090
Deferred taxes and other
-€7
Result 2025
€907,754
raises the resultlowers the resultnot broken down further in the accounts
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
+€1.6m
Investment
-€255,639
Financing
-€864,251
Cash 2024
€3.5m
From operations (derived)
+€1.6m
Net result for the year
+€907,754
Depreciation
+€218,232
Stocks and contracts
+€10,817
Receivables within one year
+€21,195
Smaller working-capital items
+€1,751
Tax, wage and social debts
+€10,520
Other debts
+€626,297
Accrued charges and deferred income
-€227,541
Investment (derived)
-€255,639
Investment in fixed assets (net)
-€255,639
Financing
-€864,251
Contributions, distributions and other
-€864,251
Cash 2025
€4.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,180,573 | €5,635,077 | +€454,503 | +8.8% |
| Fixed assets | 21/28 | €647,681 | €685,088 | +€37,407 | +5.8% |
| Tangible fixed assets | 22/27 | €647,681 | €685,088 | +€37,407 | +5.8% |
| Land and buildings | 22 | €121,275 | €172,346 | +€51,071 | +42.1% |
| Plant, machinery and equipment | 23 | €432,348 | €314,478 | -€117,870 | -27.3% |
| Furniture and vehicles | 24 | €94,058 | €198,263 | +€104,206 | +111% |
| Current assets | 29/58 | €4,532,893 | €4,949,989 | +€417,096 | +9.2% |
| Stocks and contracts in progress | 3 | €59,696 | €48,879 | -€10,817 | -18.1% |
| Stocks | 30/36 | €59,696 | €48,879 | -€10,817 | -18.1% |
| Amounts receivable within one year | 40/41 | €921,492 | €900,297 | -€21,195 | -2.3% |
| Trade receivables | 40 | €917,166 | €892,192 | -€24,974 | -2.7% |
| Other amounts receivable | 41 | €4,326 | €8,105 | +€3,779 | +87.4% |
| Cash at bank and in hand | 54/58 | €3,549,683 | €3,998,817 | +€449,134 | +12.7% |
| Deferred charges and accrued income | 490/1 | €2,022 | €1,996 | -€26 | -1.3% |
| Total equity and liabilities | 10/49 | €5,180,573 | €5,635,077 | +€454,503 | +8.8% |
| Equity | 10/15 | €3,863,151 | €3,906,654 | +€43,502 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,838,899 | €3,882,741 | +€43,842 | +1.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €599,000 | €378,900 | -€220,100 | -36.7% |
| Distributable reserves | 133 | €3,239,899 | €3,503,841 | +€263,942 | +8.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €5,652 | €5,313 | -€339 | -6.0% |
| Provisions and deferred taxes | 16 | €1,884 | €1,771 | -€113 | -6.0% |
| Deferred taxes | 168 | €1,884 | €1,771 | -€113 | -6.0% |
| Amounts payable | 17/49 | €1,315,538 | €1,726,652 | +€411,114 | +31.3% |
| Amounts payable within one year | 42/48 | €1,079,668 | €1,718,322 | +€638,655 | +59.2% |
| Trade debts | 44 | €342,262 | €344,100 | +€1,838 | +0.5% |
| Suppliers | 440/4 | €342,262 | €344,100 | +€1,838 | +0.5% |
| Taxes, remuneration and social security | 45 | €178,949 | €189,470 | +€10,520 | +5.9% |
| Taxes | 450/3 | €154,386 | €164,067 | +€9,681 | +6.3% |
| Remuneration and social security | 454/9 | €24,564 | €25,403 | +€840 | +3.4% |
| Other amounts payable | 47/48 | €558,456 | €1,184,752 | +€626,297 | +112% |
| Accrued charges and deferred income | 492/3 | €235,870 | €8,329 | -€227,541 | -96.5% |
| Non-recurring operating income | 76A | - | €2,066 | +€2,066 | |
| Remuneration, social security and pensions | 62 | €408,709 | €422,533 | +€13,824 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230,261 | €218,232 | -€12,029 | -5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,133 | €0 | -€11,133 | -100% |
| Other operating charges | 640/8 | €9,302 | €11,886 | +€2,584 | +27.8% |
| Gross operating margin | 9900 | €1,724,444 | €1,971,038 | +€246,593 | +14.3% |
| Operating profit (loss) | 9901 | €1,065,038 | €1,318,386 | +€253,347 | +23.8% |
| Financial income | 75/76B | €46,214 | €74,127 | +€27,912 | +60.4% |
| Recurring financial income | 75 | €46,214 | €74,127 | +€27,912 | +60.4% |
| Financial charges | 65/66B | €35,554 | €40,944 | +€5,390 | +15.2% |
| Recurring financial charges | 65 | €35,554 | €40,944 | +€5,390 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €1,075,699 | €1,351,568 | +€275,869 | +25.6% |
| Transfer from deferred taxes | 780 | €120 | €113 | -€7 | -6.0% |
| Income taxes | 67/77 | €350,837 | €443,928 | +€93,090 | +26.5% |
| Profit (loss) for the period | 9904 | €724,982 | €907,754 | +€182,772 | +25.2% |
| Transfer from tax-exempt reserves | 789 | €151,560 | €220,100 | +€68,540 | +45.2% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €876,542 | €1,127,854 | +€251,312 | +28.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.