MACOMA: 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
MACOMA
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€182,188
2024 · €235,873-€53,685
Equity
€1.7m
2024 · €1.7m+€32,188
Cash
€507,340
2024 · €615,158-€107,818
Balance sheet total
€2.5m
2024 · €2.0m+€439,788
Largest movements
Assets
- Receivables within one year +€588,232
up €588,232 (+505%), from €116,482 to €704,714
of which Other amounts receivable: +€606,232
- Cash -€107,818
down €107,818 (-17.5%), from €615,158 to €507,340
mainly Receivables within one year (-€588,232) and Contributions, distributions and other (-€150,000)
- Tangible fixed assets -€28,380
down €28,380 (-6.5%), from €434,648 to €406,268
of which Land and buildings: -€21,648
Equity and liabilities
- Short-term financial debts +€500,000
new in 2025: €500,000
- Debts after one year -€33,125
down €33,125 (-100%), from €33,125 to €0
- Current portion of long-term debt -€32,830
down €32,830 (-32.9%), from €99,640 to €66,811
- Reserves +€32,188
up €32,188 (+1.9%), from €1.7m to €1.7m
of which Distributable reserves: +€32,188
Income statement
- Purchases and services +€323,107
up €323,107 (+9.5%), from €3.4m to €3.7m
- Turnover +€310,595
up €310,595 (+7.9%), from €3.9m to €4.2m
- Staff costs +€51,771
up €51,771 (+26.9%), from €192,125 to €243,896
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
€235,873
Gross operating margin
-€8,018
Staff costs
-€51,771
Depreciation
-€2,169
Write-downs
-€832
Other operating charges
-€1,400
Financial income
+€6,255
Financial charges
-€13,761
Taxes
+€18,012
Result 2025
€182,188
raises the resultlowers the result
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
-€371,142
Investment
-€20,721
Financing
+€284,045
Cash 2024
€615,158
From operations (derived)
-€371,142
Net result for the year
+€182,188
Depreciation
+€49,101
Stocks and contracts
+€12,488
Receivables within one year
-€588,232
Smaller working-capital items
+€307
Trade debts
-€23,579
Tax, wage and social debts
+€4,904
Advances received
+€2,181
Accrued charges and deferred income
-€10,500
Investment (derived)
-€20,721
Investment in fixed assets (net)
-€20,721
Financing
+€284,045
Debts after one year
-€33,125
Current portion of long-term debt
-€32,830
Short-term financial debts
+€500,000
Contributions, distributions and other
-€150,000
Cash 2025
€507,340
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,045,185 | €2,484,973 | +€439,788 | +21.5% |
| Fixed assets | 21/28 | €434,648 | €406,268 | -€28,380 | -6.5% |
| Tangible fixed assets | 22/27 | €434,648 | €406,268 | -€28,380 | -6.5% |
| Land and buildings | 22 | €366,309 | €344,661 | -€21,648 | -5.9% |
| Plant, machinery and equipment | 23 | €27,369 | €26,603 | -€766 | -2.8% |
| Furniture and vehicles | 24 | €13,853 | €11,613 | -€2,240 | -16.2% |
| Other tangible fixed assets | 26 | €27,117 | €23,391 | -€3,726 | -13.7% |
| Current assets | 29/58 | €1,610,537 | €2,078,706 | +€468,169 | +29.1% |
| Stocks and contracts in progress | 3 | €878,550 | €866,062 | -€12,488 | -1.4% |
| Stocks | 30/36 | €878,550 | €866,062 | -€12,488 | -1.4% |
| Amounts receivable within one year | 40/41 | €116,482 | €704,714 | +€588,232 | +505% |
| Trade receivables | 40 | €77,692 | €59,692 | -€18,000 | -23.2% |
| Other amounts receivable | 41 | €38,790 | €645,022 | +€606,232 | +1,563% |
| Cash at bank and in hand | 54/58 | €615,158 | €507,340 | -€107,818 | -17.5% |
| Deferred charges and accrued income | 490/1 | €347 | €590 | +€243 | +69.9% |
| Total equity and liabilities | 10/49 | €2,045,185 | €2,484,973 | +€439,788 | +21.5% |
| Equity | 10/15 | €1,687,005 | €1,719,193 | +€32,188 | +1.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,668,413 | €1,700,601 | +€32,188 | +1.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €1,668,413 | €1,700,601 | +€32,188 | +1.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €358,180 | €765,780 | +€407,600 | +114% |
| Amounts payable after more than one year | 17 | €33,125 | €0 | -€33,125 | -100% |
| Financial debts | 170/4 | €33,125 | €0 | -€33,125 | -100% |
| Amounts payable within one year | 42/48 | €311,055 | €762,280 | +€451,225 | +145% |
| Current portion of amounts payable after more than one year | 42 | €99,640 | €66,811 | -€32,830 | -32.9% |
| Financial debts | 43 | - | €500,000 | +€500,000 | |
| Credit institutions | 430/8 | - | €500,000 | +€500,000 | |
| Trade debts | 44 | €171,239 | €147,660 | -€23,579 | -13.8% |
| Suppliers | 440/4 | €171,239 | €147,660 | -€23,579 | -13.8% |
| Advances received on contracts in progress | 46 | €5,699 | €7,880 | +€2,181 | +38.3% |
| Taxes, remuneration and social security | 45 | €34,477 | €39,380 | +€4,904 | +14.2% |
| Taxes | 450/3 | €13,590 | €13,740 | +€150 | +1.1% |
| Remuneration and social security | 454/9 | €20,887 | €25,640 | +€4,754 | +22.8% |
| Other amounts payable | 47/48 | €0 | €549 | +€549 | |
| Accrued charges and deferred income | 492/3 | €14,000 | €3,500 | -€10,500 | -75.0% |
| Turnover | 70 | €3,924,925 | €4,235,520 | +€310,595 | +7.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,386,615 | €3,709,721 | +€323,107 | +9.5% |
| Remuneration, social security and pensions | 62 | €192,125 | €243,896 | +€51,771 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,932 | €49,101 | +€2,169 | +4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €832 | +€832 | |
| Other operating charges | 640/8 | €9,246 | €10,646 | +€1,400 | +15.1% |
| Gross operating margin | 9900 | €546,982 | €538,964 | -€8,018 | -1.5% |
| Operating profit (loss) | 9901 | €298,679 | €234,488 | -€64,191 | -21.5% |
| Financial income | 75/76B | €28,147 | €34,402 | +€6,255 | +22.2% |
| Recurring financial income | 75 | €28,147 | €34,402 | +€6,255 | +22.2% |
| Financial charges | 65/66B | €7,389 | €21,150 | +€13,761 | +186% |
| Recurring financial charges | 65 | €7,389 | €21,150 | +€13,761 | +186% |
| Profit (loss) for the period before taxes | 9903 | €319,437 | €247,741 | -€71,697 | -22.4% |
| Income taxes | 67/77 | €83,564 | €65,552 | -€18,012 | -21.6% |
| Profit (loss) for the period | 9904 | €235,873 | €182,188 | -€53,685 | -22.8% |
| Transfer from tax-exempt reserves | 789 | €189,450 | €0 | -€189,450 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €425,323 | €182,188 | -€243,135 | -57.2% |
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 24 October 2026 via checked.be.