Maconne: 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.
Maconne
Largest movements
- Financial fixed assets -€2.8m
down €2.8m (-87.1%), from €3.3m to €420,460
- Receivables within one year -€250,000
down €250,000 (-93.3%), from €268,064 to €18,064
of which Other amounts receivable: -€250,000
- Reserves -€2.2m
down €2.2m (-100%), from €2.2m to €0
- Profit (loss) carried forward -€637,009
new in 2025: -€637,009
- Debts after one year -€238,602
down €238,602 (-30.6%), from €780,018 to €541,415
- Financial charges +€2.8m
up €2.8m (+20,946%), from €13,517 to €2.8m
of which Non-recurring financial charges: +€2.8m
- Financial income -€135,000
down €135,000 (-100%), from €135,000 to €0
- Gross operating margin -€124
down €124 (-2.8%), from €4,416 to €4,292
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 | €3,537,947 | €454,485 | -€3.1m | -87.2% |
| Fixed assets | 21/28 | €3,253,227 | €420,460 | -€2.8m | -87.1% |
| Financial fixed assets | 28 | €3,253,227 | €420,460 | -€2.8m | -87.1% |
| Current assets | 29/58 | €284,721 | €34,025 | -€250,696 | -88.0% |
| Amounts receivable within one year | 40/41 | €268,064 | €18,064 | -€250,000 | -93.3% |
| Trade receivables | 40 | €7,260 | €7,260 | = | 0.0% |
| Other amounts receivable | 41 | €260,804 | €10,804 | -€250,000 | -95.9% |
| Cash at bank and in hand | 54/58 | €16,656 | €15,961 | -€696 | -4.2% |
| Total equity and liabilities | 10/49 | €3,537,947 | €454,485 | -€3.1m | -87.2% |
| Equity | 10/15 | €2,504,656 | -€337,009 | -€2.8m | |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €2,204,656 | €0 | -€2.2m | -100% |
| Distributable reserves | 133 | €2,204,656 | €0 | -€2.2m | -100% |
| Profit (loss) carried forward | 14 | - | -€637,009 | -€637,009 | |
| Amounts payable | 17/49 | €1,033,292 | €791,494 | -€241,797 | -23.4% |
| Amounts payable after more than one year | 17 | €780,018 | €541,415 | -€238,602 | -30.6% |
| Financial debts | 170/4 | €780,018 | €541,415 | -€238,602 | -30.6% |
| Amounts payable within one year | 42/48 | €251,724 | €248,863 | -€2,861 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €241,667 | €241,667 | +€0 | 0.0% |
| Trade debts | 44 | €6,990 | €6,987 | -€4 | -0.1% |
| Suppliers | 440/4 | €6,990 | €6,987 | -€4 | -0.1% |
| Taxes, remuneration and social security | 45 | €3,067 | €210 | -€2,857 | -93.2% |
| Taxes | 450/3 | €3,067 | €210 | -€2,857 | -93.2% |
| Accrued charges and deferred income | 492/3 | €1,550 | €1,216 | -€334 | -21.6% |
| Other operating charges | 640/8 | €1,171 | €1,206 | +€36 | +3.0% |
| Gross operating margin | 9900 | €4,416 | €4,292 | -€124 | -2.8% |
| Operating profit (loss) | 9901 | €3,245 | €3,086 | -€159 | -4.9% |
| Financial income | 75/76B | €135,000 | €0 | -€135,000 | -100% |
| Recurring financial income | 75 | €135,000 | €0 | -€135,000 | -100% |
| Financial charges | 65/66B | €13,517 | €2,844,751 | +€2.8m | +20,946% |
| Recurring financial charges | 65 | €13,517 | €11,984 | -€1,533 | -11.3% |
| Non-recurring financial charges | 66B | - | €2,832,766 | +€2.8m | |
| Profit (loss) for the period before taxes | 9903 | €124,728 | -€2,841,665 | -€3.0m | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €124,728 | -€2,841,665 | -€3.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €124,728 | -€2,841,665 | -€3.0m |
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.