MACOLINES: 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.
MACOLINES
Largest movements
- Receivables within one year -€41,356
down €41,356 (-24.3%), from €169,964 to €128,608
of which Other amounts receivable: -€47,498
- Trade debts -€22,669
down €22,669 (-42.5%), from €53,321 to €30,653
- Profit (loss) carried forward -€21,018
down €21,018 (-962%), from -€2,184 to -€23,202
- Short-term financial debts +€3,173
up €3,173 (+3.2%), from €100,000 to €103,173
- Write-downs +€21,333
new in 2025: €21,333
- Gross operating margin +€7,124
up €7,124, from -€28 to €7,096
- Financial charges +€638
up €638 (+11.2%), from €5,681 to €6,319
- Taxes +€159
up €159, from -€159 to €0
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 | €170,399 | €129,425 | -€40,974 | -24.0% |
| Current assets | 29/58 | €170,399 | €129,425 | -€40,974 | -24.0% |
| Amounts receivable within one year | 40/41 | €169,964 | €128,608 | -€41,356 | -24.3% |
| Trade receivables | 40 | €23,858 | €30,000 | +€6,142 | +25.7% |
| Other amounts receivable | 41 | €146,106 | €98,608 | -€47,498 | -32.5% |
| Cash at bank and in hand | 54/58 | €26 | €23 | -€3 | -11.3% |
| Deferred charges and accrued income | 490/1 | €410 | €794 | +€384 | +93.7% |
| Total equity and liabilities | 10/49 | €170,399 | €129,425 | -€40,974 | -24.0% |
| Equity | 10/15 | €16,617 | -€4,401 | -€21,018 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €0 | -€200 | -100% |
| Other | 1319 | - | €200 | +€200 | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€2,184 | -€23,202 | -€21,018 | -962% |
| Amounts payable | 17/49 | €153,782 | €133,826 | -€19,957 | -13.0% |
| Amounts payable within one year | 42/48 | €153,782 | €133,826 | -€19,957 | -13.0% |
| Financial debts | 43 | €100,000 | €103,173 | +€3,173 | +3.2% |
| Credit institutions | 430/8 | €100,000 | €103,173 | +€3,173 | +3.2% |
| Trade debts | 44 | €53,321 | €30,653 | -€22,669 | -42.5% |
| Suppliers | 440/4 | €53,321 | €30,653 | -€22,669 | -42.5% |
| Taxes, remuneration and social security | 45 | €461 | €0 | -€461 | -100% |
| Taxes | 450/3 | €461 | €0 | -€461 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,333 | +€21,333 | |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | -€28 | €7,096 | +€7,124 | |
| Operating profit (loss) | 9901 | -€478 | -€14,699 | -€14,221 | -2,978% |
| Financial charges | 65/66B | €5,681 | €6,319 | +€638 | +11.2% |
| Recurring financial charges | 65 | €5,681 | €6,319 | +€638 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,159 | -€21,018 | -€14,859 | -241% |
| Income taxes | 67/77 | -€159 | €0 | +€159 | |
| Profit (loss) for the period | 9904 | -€6,000 | -€21,018 | -€15,018 | -250% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,000 | -€21,018 | -€15,018 | -250% |
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 14 October 2026 via checked.be.