MACOM: 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.
MACOM
Largest movements
- Receivables within one year -€14,739
down €14,739 (-69.7%), from €21,134 to €6,395
of which Other amounts receivable: -€19,761
- Tangible fixed assets -€10,163
down €10,163 (-2.5%), from €402,606 to €392,443
of which Land and buildings: -€6,029
- Profit (loss) carried forward -€23,088
down €23,088 (-68.2%), from -€33,845 to -€56,932
- Debts after one year +€10,306
new in 2025: €10,306
- Other debts -€9,407
down €9,407 (-5.6%), from €166,759 to €157,352
- Trade debts +€6,579
up €6,579 (+24.8%), from €26,516 to €33,095
- Tax, wage and social debts -€6,185
down €6,185 (-46.0%), from €13,448 to €7,264
- Gross operating margin -€35,522
down €35,522 (-84.9%), from €41,834 to €6,312
- Depreciation +€5,400
up €5,400 (+34.6%), from €15,601 to €21,001
- Taxes -€3,873
no longer reported in 2025 (was €3,873)
- Financial charges -€2,491
down €2,491 (-37.2%), from €6,688 to €4,197
- Other operating charges +€768
up €768 (+22.4%), from €3,435 to €4,202
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 | €465,152 | €440,414 | -€24,738 | -5.3% |
| Fixed assets | 21/28 | €442,606 | €432,443 | -€10,163 | -2.3% |
| Tangible fixed assets | 22/27 | €402,606 | €392,443 | -€10,163 | -2.5% |
| Land and buildings | 22 | €332,430 | €326,401 | -€6,029 | -1.8% |
| Plant, machinery and equipment | 23 | €68,292 | €64,397 | -€3,895 | -5.7% |
| Furniture and vehicles | 24 | €1,883 | €1,645 | -€239 | -12.7% |
| Financial fixed assets | 28 | €40,000 | €40,000 | = | 0.0% |
| Current assets | 29/58 | €22,546 | €7,972 | -€14,575 | -64.6% |
| Amounts receivable within one year | 40/41 | €21,134 | €6,395 | -€14,739 | -69.7% |
| Trade receivables | 40 | €1,027 | €6,050 | +€5,023 | +488.9% |
| Other amounts receivable | 41 | €20,107 | €345 | -€19,761 | -98.3% |
| Cash at bank and in hand | 54/58 | €348 | €348 | -€0 | -0.1% |
| Deferred charges and accrued income | 490/1 | €1,064 | €1,229 | +€164 | +15.4% |
| Total equity and liabilities | 10/49 | €465,152 | €440,414 | -€24,738 | -5.3% |
| Equity | 10/15 | €241,103 | €218,016 | -€23,088 | -9.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €213,448 | €213,448 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,845 | -€56,932 | -€23,088 | -68.2% |
| Amounts payable | 17/49 | €224,049 | €222,399 | -€1,650 | -0.7% |
| Amounts payable after more than one year | 17 | - | €10,306 | +€10,306 | |
| Financial debts | 170/4 | - | €10,306 | +€10,306 | |
| Amounts payable within one year | 42/48 | €218,002 | €209,969 | -€8,033 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | - | €2,852 | +€2,852 | |
| Financial debts | 43 | €11,279 | €9,406 | -€1,873 | -16.6% |
| Credit institutions | 430/8 | €11,279 | €9,406 | -€1,873 | -16.6% |
| Trade debts | 44 | €26,516 | €33,095 | +€6,579 | +24.8% |
| Suppliers | 440/4 | €26,516 | €33,095 | +€6,579 | +24.8% |
| Taxes, remuneration and social security | 45 | €13,448 | €7,264 | -€6,185 | -46.0% |
| Taxes | 450/3 | €13,448 | €7,264 | -€6,185 | -46.0% |
| Other amounts payable | 47/48 | €166,759 | €157,352 | -€9,407 | -5.6% |
| Accrued charges and deferred income | 492/3 | €6,046 | €2,124 | -€3,922 | -64.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,601 | €21,001 | +€5,400 | +34.6% |
| Other operating charges | 640/8 | €3,435 | €4,202 | +€768 | +22.4% |
| Gross operating margin | 9900 | €41,834 | €6,312 | -€35,522 | -84.9% |
| Operating profit (loss) | 9901 | €22,799 | -€18,891 | -€41,690 | |
| Financial charges | 65/66B | €6,688 | €4,197 | -€2,491 | -37.2% |
| Recurring financial charges | 65 | €6,688 | €4,197 | -€2,491 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €16,111 | -€23,088 | -€39,199 | |
| Income taxes | 67/77 | €3,873 | - | -€3,873 | |
| Profit (loss) for the period | 9904 | €12,238 | -€23,088 | -€35,326 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,238 | -€23,088 | -€35,326 |
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.