MACON: 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.
MACON
Largest movements
- Cash +€2.0m
up €2.0m (+268.6%), from €742,564 to €2.7m
mainly Receivables after one year (+€1.9m) and Net result for the year (+€761,238)
- Receivables after one year -€1.9m
down €1.9m (-77.7%), from €2.5m to €553,598
- Receivables within one year +€654,235
up €654,235 (+228.6%), from €286,218 to €940,454
of which Trade receivables: +€564,283
- Reserves +€761,238
up €761,238 (+22.5%), from €3.4m to €4.1m
of which Distributable reserves: +€761,238
- Financial income -€973,896
down €973,896 (-55.9%), from €1.7m to €769,133
- Taxes -€82,207
down €82,207 (-43.3%), from €189,950 to €107,743
- Gross operating margin +€5,164
up €5,164 (+5.3%), from €96,585 to €101,749
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 | €3,532,449 | €4,264,092 | +€731,643 | +20.7% |
| Fixed assets | 21/28 | €9,320 | €9,320 | = | 0.0% |
| Financial fixed assets | 28 | €9,320 | €9,320 | = | 0.0% |
| Current assets | 29/58 | €3,523,129 | €4,254,772 | +€731,643 | +20.8% |
| Amounts receivable after more than one year | 29 | €2,478,598 | €553,598 | -€1.9m | -77.7% |
| Other amounts receivable | 291 | €2,478,598 | €553,598 | -€1.9m | -77.7% |
| Amounts receivable within one year | 40/41 | €286,218 | €940,454 | +€654,235 | +228.6% |
| Trade receivables | 40 | €258,005 | €822,287 | +€564,283 | +218.7% |
| Other amounts receivable | 41 | €28,214 | €118,167 | +€89,953 | +318.8% |
| Cash at bank and in hand | 54/58 | €742,564 | €2,737,067 | +€2.0m | +268.6% |
| Deferred charges and accrued income | 490/1 | €15,749 | €23,654 | +€7,905 | +50.2% |
| Total equity and liabilities | 10/49 | €3,532,449 | €4,264,092 | +€731,643 | +20.7% |
| Equity | 10/15 | €3,451,867 | €4,213,104 | +€761,238 | +22.1% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €3,386,867 | €4,148,104 | +€761,238 | +22.5% |
| Non-distributable reserves | 130/1 | €10,838 | €10,838 | = | 0.0% |
| Legal reserve | 130 | €10,838 | €10,838 | = | 0.0% |
| Distributable reserves | 133 | €3,376,029 | €4,137,267 | +€761,238 | +22.5% |
| Amounts payable | 17/49 | €80,583 | €50,988 | -€29,595 | -36.7% |
| Amounts payable within one year | 42/48 | €80,583 | €50,988 | -€29,595 | -36.7% |
| Trade debts | 44 | €6,253 | €2,062 | -€4,191 | -67.0% |
| Suppliers | 440/4 | €6,253 | €2,062 | -€4,191 | -67.0% |
| Taxes, remuneration and social security | 45 | €30,729 | €5,325 | -€25,404 | -82.7% |
| Taxes | 450/3 | €30,729 | €5,325 | -€25,404 | -82.7% |
| Other amounts payable | 47/48 | €43,600 | €43,600 | = | 0.0% |
| Other operating charges | 640/8 | €1,543 | €1,532 | -€11 | -0.7% |
| Gross operating margin | 9900 | €96,585 | €101,749 | +€5,164 | +5.3% |
| Operating profit (loss) | 9901 | €95,042 | €100,217 | +€5,175 | +5.4% |
| Financial income | 75/76B | €1,743,030 | €769,133 | -€973,896 | -55.9% |
| Recurring financial income | 75 | €1,743,030 | €769,133 | -€973,896 | -55.9% |
| Financial charges | 65/66B | €295 | €369 | +€74 | +25.0% |
| Recurring financial charges | 65 | €295 | €369 | +€74 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €1,837,776 | €868,981 | -€968,795 | -52.7% |
| Income taxes | 67/77 | €189,950 | €107,743 | -€82,207 | -43.3% |
| Profit (loss) for the period | 9904 | €1,647,826 | €761,238 | -€886,588 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,647,826 | €761,238 | -€886,588 | -53.8% |
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 2 October 2026 via checked.be.