MACOMAS: 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.
MACOMAS
Largest movements
- Receivables within one year +€46,418
up €46,418 (+6477.7%), from €717 to €47,134
of which Trade receivables: +€45,990
- Tangible fixed assets -€22,314
down €22,314 (-3.1%), from €714,134 to €691,820
of which Land and buildings: -€12,492
- Other debts +€81,196
up €81,196 (+23.4%), from €346,966 to €428,162
- Debts after one year -€50,000
down €50,000 (-22.6%), from €220,834 to €170,833
- Profit (loss) carried forward -€11,443
down €11,443 (-7.1%), from -€161,120 to -€172,563
- Gross operating margin -€20,305
down €20,305 (-40.0%), from €50,709 to €30,403
- Financial charges -€17,449
down €17,449 (-64.0%), from €27,265 to €9,816
- Staff costs +€7,470
new in 2025: €7,470
- Other operating charges -€5,184
down €5,184 (-68.9%), from €7,528 to €2,344
- Taxes +€2,725
up €2,725, from -€2,725 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.
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 | €720,098 | €741,847 | +€21,749 | +3.0% |
| Fixed assets | 21/28 | €714,134 | €691,820 | -€22,314 | -3.1% |
| Tangible fixed assets | 22/27 | €714,134 | €691,820 | -€22,314 | -3.1% |
| Land and buildings | 22 | €360,105 | €347,614 | -€12,492 | -3.5% |
| Plant, machinery and equipment | 23 | €1,799 | €1,272 | -€526 | -29.3% |
| Other tangible fixed assets | 26 | €352,230 | €342,934 | -€9,296 | -2.6% |
| Current assets | 29/58 | €5,964 | €50,027 | +€44,062 | +738.8% |
| Stocks and contracts in progress | 3 | €600 | €600 | = | 0.0% |
| Stocks | 30/36 | €600 | €600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €717 | €47,134 | +€46,418 | +6477.7% |
| Trade receivables | 40 | €371 | €46,361 | +€45,990 | +12395.6% |
| Other amounts receivable | 41 | €346 | €773 | +€427 | +123.7% |
| Cash at bank and in hand | 54/58 | €4,648 | €543 | -€4,105 | -88.3% |
| Deferred charges and accrued income | 490/1 | €0 | €1,750 | +€1,750 | |
| Total equity and liabilities | 10/49 | €720,098 | €741,847 | +€21,749 | +3.0% |
| Equity | 10/15 | €98,880 | €87,437 | -€11,443 | -11.6% |
| Contributions | 10/11 | €260,000 | €260,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,120 | -€172,563 | -€11,443 | -7.1% |
| Amounts payable | 17/49 | €621,218 | €654,409 | +€33,192 | +5.3% |
| Amounts payable after more than one year | 17 | €220,834 | €170,833 | -€50,000 | -22.6% |
| Financial debts | 170/4 | €220,834 | €170,833 | -€50,000 | -22.6% |
| Amounts payable within one year | 42/48 | €400,384 | €480,956 | +€80,572 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,419 | €1,875 | -€1,544 | -45.2% |
| Suppliers | 440/4 | €3,419 | €1,875 | -€1,544 | -45.2% |
| Taxes, remuneration and social security | 45 | €0 | €919 | +€919 | |
| Taxes | 450/3 | €0 | €59 | +€59 | |
| Remuneration and social security | 454/9 | - | €860 | +€860 | |
| Other amounts payable | 47/48 | €346,966 | €428,162 | +€81,196 | +23.4% |
| Accrued charges and deferred income | 492/3 | €0 | €2,620 | +€2,620 | |
| Non-recurring operating income | 76A | €4,308 | €0 | -€4,308 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €7,470 | +€7,470 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,314 | €22,314 | = | 0.0% |
| Other operating charges | 640/8 | €7,528 | €2,344 | -€5,184 | -68.9% |
| Non-recurring operating charges | 66A | €34,397 | €0 | -€34,397 | -100.0% |
| Gross operating margin | 9900 | €50,709 | €30,403 | -€20,305 | -40.0% |
| Operating profit (loss) | 9901 | -€13,530 | -€1,725 | +€11,805 | +87.3% |
| Financial income | 75/76B | - | €98 | +€98 | |
| Recurring financial income | 75 | - | €98 | +€98 | |
| Financial charges | 65/66B | €27,265 | €9,816 | -€17,449 | -64.0% |
| Recurring financial charges | 65 | €27,265 | €9,816 | -€17,449 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | -€40,795 | -€11,443 | +€29,352 | +71.9% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | -€2,725 | €0 | +€2,725 | |
| Profit (loss) for the period | 9904 | -€38,070 | -€11,443 | +€26,627 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,070 | -€11,443 | +€26,627 | +69.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.