MACONAL: 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.
What changed
MACONAL
NACE 46.389, Wholesale of other food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €792,514+€308,100
Equity
€1.8m
2024 · €1.5m+€300,614
Cash
€701,925
2024 · €1.5m-€759,558
Balance sheet total
€5.4m
2024 · €5.2m+€170,060
Largest movements
Assets
- Cash -€759,558
down €759,558 (-52.0%), from €1.5m to €701,925
mainly Contributions, distributions and other (-€800,000) and Receivables within one year (-€727,753)
- Receivables within one year +€727,753
up €727,753 (+100.1%), from €726,760 to €1.5m
of which Other amounts receivable: +€515,479
- Current investments +€150,000
up €150,000 (+303.3%), from €49,462 to €199,462
of which Own shares: +€150,000
- Stocks and contracts +€108,047
up €108,047 (+4.3%), from €2.5m to €2.6m
Equity and liabilities
- Trade debts -€453,422
down €453,422 (-15.1%), from €3.0m to €2.5m
- Other debts +€336,138
up €336,138 (+54.8%), from €613,862 to €950,000
- Reserves +€300,614
up €300,614 (+21.0%), from €1.4m to €1.7m
of which Distributable reserves: +€150,614
Income statement
- Turnover +€5.3m
up €5.3m (+9.7%), from €54.6m to €59.9m
- Goods and materials +€5.0m
up €5.0m (+9.6%), from €51.5m to €56.4m
of which Purchases: +€4.7m
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
€792,514
Turnover
+€5.3m
Other operating income
-€15,260
Goods and materials
-€5.0m
Services and other goods
+€59,330
Staff costs
+€4,723
Depreciation
-€11,719
Write-downs
-€50,495
Other operating charges
+€15,042
Other operating items
+€8,203
Financial income
+€17,517
Financial charges
+€1,951
Taxes
-€50,745
Result 2025
€1.1m
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.
From operations
+€238,480
Investment
-€198,038
Financing
-€800,000
Cash 2024
€1.5m
From operations (derived)
+€238,480
Net result for the year
+€1.1m
Depreciation
+€93,953
Stocks and contracts
-€108,047
Receivables within one year
-€727,753
Deferred charges and accrued income
+€10,266
Trade debts
-€453,422
Tax, wage and social debts
-€13,269
Other debts
+€336,138
Investment (derived)
-€198,038
Investment in fixed assets (net)
-€48,038
Current investments
-€150,000
Financing
-€800,000
Contributions, distributions and other
-€800,000
Cash 2025
€701,925
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,246,118 | €5,416,178 | +€170,060 | +3.2% |
| Fixed assets | 21/28 | €486,902 | €440,987 | -€45,916 | -9.4% |
| Tangible fixed assets | 22/27 | €395,077 | €364,301 | -€30,776 | -7.8% |
| Plant, machinery and equipment | 23 | €120,372 | €94,775 | -€25,597 | -21.3% |
| Furniture and vehicles | 24 | €54,706 | €80,743 | +€26,037 | +47.6% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €219,999 | €188,782 | -€31,216 | -14.2% |
| Financial fixed assets | 28 | €91,825 | €76,686 | -€15,139 | -16.5% |
| Affiliated companies | 280/1 | €33,294 | €17,744 | -€15,550 | -46.7% |
| Participating interests | 280 | €33,294 | €17,744 | -€15,550 | -46.7% |
| Other financial fixed assets | 284/8 | €58,531 | €58,942 | +€411 | +0.7% |
| Shares | 284 | €6,200 | €6,200 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €52,331 | €52,742 | +€411 | +0.8% |
| Current assets | 29/58 | €4,759,216 | €4,975,192 | +€215,976 | +4.5% |
| Stocks and contracts in progress | 3 | €2,496,011 | €2,604,058 | +€108,047 | +4.3% |
| Stocks | 30/36 | €2,496,011 | €2,604,058 | +€108,047 | +4.3% |
| Goods purchased for resale | 34 | €2,496,011 | €2,604,058 | +€108,047 | +4.3% |
| Amounts receivable within one year | 40/41 | €726,760 | €1,454,513 | +€727,753 | +100.1% |
| Trade receivables | 40 | €708,703 | €920,977 | +€212,274 | +30.0% |
| Other amounts receivable | 41 | €18,057 | €533,536 | +€515,479 | +2854.7% |
| Current investments | 50/53 | €49,462 | €199,462 | +€150,000 | +303.3% |
| Own shares | 50 | - | €150,000 | +€150,000 | |
| Other investments | 51/53 | €49,462 | €49,462 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,461,483 | €701,925 | -€759,558 | -52.0% |
| Deferred charges and accrued income | 490/1 | €25,500 | €15,234 | -€10,266 | -40.3% |
| Total equity and liabilities | 10/49 | €5,246,118 | €5,416,178 | +€170,060 | +3.2% |
| Equity | 10/15 | €1,453,986 | €1,754,599 | +€300,614 | +20.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,433,986 | €1,734,599 | +€300,614 | +21.0% |
| Non-distributable reserves | 130/1 | €0 | €150,000 | +€150,000 | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Own shares acquired | 1312 | - | €150,000 | +€150,000 | |
| Distributable reserves | 133 | €1,433,986 | €1,584,599 | +€150,614 | +10.5% |
| Amounts payable | 17/49 | €3,792,132 | €3,661,579 | -€130,553 | -3.4% |
| Amounts payable within one year | 42/48 | €3,792,132 | €3,661,579 | -€130,553 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,995,594 | €2,542,172 | -€453,422 | -15.1% |
| Suppliers | 440/4 | €2,995,594 | €2,542,172 | -€453,422 | -15.1% |
| Taxes, remuneration and social security | 45 | €182,676 | €169,408 | -€13,269 | -7.3% |
| Taxes | 450/3 | €77,474 | €60,417 | -€17,057 | -22.0% |
| Remuneration and social security | 454/9 | €105,202 | €108,991 | +€3,789 | +3.6% |
| Other amounts payable | 47/48 | €613,862 | €950,000 | +€336,138 | +54.8% |
| Operating income | 70/76A | €54,628,009 | €59,909,946 | +€5.3m | +9.7% |
| Turnover | 70 | €54,607,377 | €59,897,754 | +€5.3m | +9.7% |
| Other operating income | 74 | €20,633 | €5,373 | -€15,260 | -74.0% |
| Non-recurring operating income | 76A | - | €6,818 | +€6,818 | |
| Operating charges | 60/66A | €53,577,048 | €58,519,608 | +€4.9m | +9.2% |
| Goods for resale, raw materials and consumables | 60 | €51,477,702 | €56,438,527 | +€5.0m | +9.6% |
| Purchases | 600/8 | €51,850,208 | €56,546,574 | +€4.7m | +9.1% |
| Change in stocks: decrease (increase) | 609 | -€372,507 | -€108,047 | +€264,460 | +71.0% |
| Services and other goods | 61 | €1,197,053 | €1,137,723 | -€59,330 | -5.0% |
| Remuneration, social security and pensions | 62 | €744,636 | €739,913 | -€4,723 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,234 | €93,953 | +€11,719 | +14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €56,780 | €107,274 | +€50,495 | +88.9% |
| Other operating charges | 640/8 | €16,709 | €1,667 | -€15,042 | -90.0% |
| Non-recurring operating charges | 66A | €1,935 | €550 | -€1,385 | -71.6% |
| Operating profit (loss) | 9901 | €1,050,961 | €1,390,337 | +€339,376 | +32.3% |
| Financial income | 75/76B | €27,346 | €44,863 | +€17,517 | +64.1% |
| Recurring financial income | 75 | €27,346 | €44,863 | +€17,517 | +64.1% |
| Income from financial fixed assets | 750 | €2,974 | €3,409 | +€434 | +14.6% |
| Income from current assets | 751 | €156 | €5,440 | +€5,283 | +3376.8% |
| Other financial income | 752/9 | €24,215 | €36,015 | +€11,800 | +48.7% |
| Financial charges | 65/66B | €14,288 | €12,337 | -€1,951 | -13.7% |
| Recurring financial charges | 65 | €14,288 | €12,337 | -€1,951 | -13.7% |
| Debt charges | 650 | €124 | €0 | -€124 | -100.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €14,164 | €12,337 | -€1,827 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €1,064,019 | €1,422,864 | +€358,845 | +33.7% |
| Income taxes | 67/77 | €271,505 | €322,250 | +€50,745 | +18.7% |
| Taxes | 670/3 | €271,505 | €322,250 | +€50,745 | +18.7% |
| Profit (loss) for the period | 9904 | €792,514 | €1,100,614 | +€308,100 | +38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €792,514 | €1,100,614 | +€308,100 | +38.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.