MACOMAR: 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.
MACOMAR
Largest movements
- Tangible fixed assets -€39,961
down €39,961 (-8.7%), from €457,977 to €418,016
- Current investments +€21,044
up €21,044 (+53.9%), from €39,022 to €60,066
- Receivables within one year -€13,774
down €13,774 (-64.1%), from €21,500 to €7,725
of which Trade receivables: -€12,271
- Cash +€6,889
up €6,889 (+373%), from €1,846 to €8,734
mainly Depreciation (+€39,961) and Receivables within one year (+€13,774)
- Debts after one year -€29,189
down €29,189 (-15.3%), from €190,697 to €161,508
- Trade debts -€16,199
down €16,199 (-61.6%), from €26,292 to €10,093
- Accrued charges and deferred income +€8,344
up €8,344, from €0 to €8,344
- Staff costs +€38,737
up €38,737 (+21.6%), from €179,318 to €218,056
- Gross operating margin +€9,859
up €9,859 (+3.8%), from €258,157 to €268,016
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €528,856 | €499,611 | -€29,245 | -5.5% |
| Fixed assets | 21/28 | €457,977 | €418,016 | -€39,961 | -8.7% |
| Tangible fixed assets | 22/27 | €457,977 | €418,016 | -€39,961 | -8.7% |
| Land and buildings | 22 | €388,266 | €371,231 | -€17,035 | -4.4% |
| Plant, machinery and equipment | 23 | €45,010 | €33,718 | -€11,293 | -25.1% |
| Furniture and vehicles | 24 | €14,441 | €7,808 | -€6,633 | -45.9% |
| Other tangible fixed assets | 26 | €10,260 | €5,260 | -€5,000 | -48.7% |
| Current assets | 29/58 | €70,879 | €81,594 | +€10,716 | +15.1% |
| Stocks and contracts in progress | 3 | €3,022 | €3,022 | = | 0.0% |
| Stocks | 30/36 | €3,022 | €3,022 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,500 | €7,725 | -€13,774 | -64.1% |
| Trade receivables | 40 | €17,242 | €4,971 | -€12,271 | -71.2% |
| Other amounts receivable | 41 | €4,258 | €2,755 | -€1,503 | -35.3% |
| Current investments | 50/53 | €39,022 | €60,066 | +€21,044 | +53.9% |
| Cash at bank and in hand | 54/58 | €1,846 | €8,734 | +€6,889 | +373% |
| Deferred charges and accrued income | 490/1 | €5,489 | €2,046 | -€3,443 | -62.7% |
| Total equity and liabilities | 10/49 | €528,856 | €499,611 | -€29,245 | -5.5% |
| Equity | 10/15 | €98,523 | €95,966 | -€2,557 | -2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,923 | €77,366 | -€2,557 | -3.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €78,063 | €77,366 | -€697 | -0.9% |
| Amounts payable | 17/49 | €430,333 | €403,645 | -€26,688 | -6.2% |
| Amounts payable after more than one year | 17 | €190,697 | €161,508 | -€29,189 | -15.3% |
| Financial debts | 170/4 | €190,697 | €161,508 | -€29,189 | -15.3% |
| Amounts payable within one year | 42/48 | €239,636 | €233,792 | -€5,843 | -2.4% |
| Financial debts | 43 | €28,985 | €29,443 | +€458 | +1.6% |
| Credit institutions | 430/8 | €28,985 | €29,443 | +€458 | +1.6% |
| Trade debts | 44 | €26,292 | €10,093 | -€16,199 | -61.6% |
| Suppliers | 440/4 | €26,292 | €10,093 | -€16,199 | -61.6% |
| Taxes, remuneration and social security | 45 | €17,228 | €21,958 | +€4,731 | +27.5% |
| Taxes | 450/3 | €2,016 | €3,542 | +€1,526 | +75.7% |
| Remuneration and social security | 454/9 | €15,211 | €18,416 | +€3,205 | +21.1% |
| Other amounts payable | 47/48 | €167,130 | €172,297 | +€5,167 | +3.1% |
| Accrued charges and deferred income | 492/3 | €0 | €8,344 | +€8,344 | |
| Remuneration, social security and pensions | 62 | €179,318 | €218,056 | +€38,737 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,734 | €39,961 | +€227 | +0.6% |
| Other operating charges | 640/8 | €3,766 | €3,505 | -€261 | -6.9% |
| Gross operating margin | 9900 | €258,157 | €268,016 | +€9,859 | +3.8% |
| Operating profit (loss) | 9901 | €35,339 | €6,494 | -€28,845 | -81.6% |
| Financial income | 75/76B | €514 | €148 | -€366 | -71.2% |
| Recurring financial income | 75 | €514 | €148 | -€366 | -71.2% |
| Financial charges | 65/66B | €9,293 | €9,060 | -€234 | -2.5% |
| Recurring financial charges | 65 | €9,293 | €9,060 | -€234 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €26,560 | -€2,418 | -€28,977 | |
| Income taxes | 67/77 | €0 | €140 | +€140 | |
| Profit (loss) for the period | 9904 | €26,560 | -€2,557 | -€29,117 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,560 | -€2,557 | -€29,117 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.