Macomax: 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.
Macomax
Largest movements
- Receivables after one year -€44,000
down €44,000 (-100%), from €44,000 to €0
- Cash -€24,585
down €24,585 (-36.3%), from €67,805 to €43,220
mainly Contributions, distributions and other (-€129,753) and Tax, wage and social debts (-€8,156)
- Receivables within one year -€21,617
down €21,617 (-56.6%), from €38,169 to €16,552
of which Other amounts receivable: -€21,617
- Reserves -€93,738
down €93,738 (-72.2%), from €129,753 to €36,015
- Other debts +€13,064
up €13,064, from €0 to €13,064
- Tax, wage and social debts -€8,156
down €8,156 (-38.7%), from €21,098 to €12,943
- Financial income -€1,264
down €1,264 (-69.1%), from €1,829 to €565
- Other operating charges +€1,025
up €1,025 (+87.1%), from €1,177 to €2,202
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.
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 | €152,617 | €63,638 | -€88,979 | -58.3% |
| Fixed assets | 21/28 | €2,643 | €3,866 | +€1,223 | +46.3% |
| Tangible fixed assets | 22/27 | €2,493 | €3,716 | +€1,223 | +49.1% |
| Furniture and vehicles | 24 | €2,493 | €3,716 | +€1,223 | +49.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €149,974 | €59,772 | -€90,202 | -60.1% |
| Amounts receivable after more than one year | 29 | €44,000 | €0 | -€44,000 | -100% |
| Other amounts receivable | 291 | €44,000 | €0 | -€44,000 | -100% |
| Amounts receivable within one year | 40/41 | €38,169 | €16,552 | -€21,617 | -56.6% |
| Trade receivables | 40 | €15,125 | €15,125 | = | 0.0% |
| Other amounts receivable | 41 | €23,044 | €1,427 | -€21,617 | -93.8% |
| Cash at bank and in hand | 54/58 | €67,805 | €43,220 | -€24,585 | -36.3% |
| Total equity and liabilities | 10/49 | €152,617 | €63,638 | -€88,979 | -58.3% |
| Equity | 10/15 | €129,853 | €36,115 | -€93,738 | -72.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €129,753 | €36,015 | -€93,738 | -72.2% |
| Distributable reserves | 133 | €129,753 | €36,015 | -€93,738 | -72.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €22,764 | €27,523 | +€4,759 | +20.9% |
| Amounts payable within one year | 42/48 | €22,764 | €27,523 | +€4,759 | +20.9% |
| Trade debts | 44 | €1,665 | €1,517 | -€149 | -8.9% |
| Suppliers | 440/4 | €1,665 | €1,517 | -€149 | -8.9% |
| Taxes, remuneration and social security | 45 | €21,098 | €12,943 | -€8,156 | -38.7% |
| Taxes | 450/3 | €21,098 | €12,943 | -€8,156 | -38.7% |
| Other amounts payable | 47/48 | €0 | €13,064 | +€13,064 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290 | €777 | +€487 | +168% |
| Other operating charges | 640/8 | €1,177 | €2,202 | +€1,025 | +87.1% |
| Gross operating margin | 9900 | €50,337 | €50,232 | -€104 | -0.2% |
| Operating profit (loss) | 9901 | €48,870 | €47,253 | -€1,617 | -3.3% |
| Financial income | 75/76B | €1,829 | €565 | -€1,264 | -69.1% |
| Recurring financial income | 75 | €1,829 | €565 | -€1,264 | -69.1% |
| Financial charges | 65/66B | €1,500 | €1,230 | -€270 | -18.0% |
| Recurring financial charges | 65 | €1,500 | €1,230 | -€270 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €49,199 | €46,588 | -€2,611 | -5.3% |
| Income taxes | 67/77 | €10,937 | €10,573 | -€364 | -3.3% |
| Profit (loss) for the period | 9904 | €38,262 | €36,015 | -€2,247 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,262 | €36,015 | -€2,247 | -5.9% |
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 15 October 2026 via checked.be.