Macopar: 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.
Macopar
Largest movements
- Tangible fixed assets -€15,974
down €15,974 (-4.9%), from €327,993 to €312,019
of which Furniture and vehicles: -€11,733
- Receivables within one year +€15,551
up €15,551 (+4.6%), from €341,341 to €356,892
of which Other amounts receivable: +€40,836
- Cash -€14,725
down €14,725 (-10.6%), from €138,520 to €123,795
mainly Short-term financial debts (-€211,455) and Debts after one year (-€50,000)
- Other debts +€212,289
up €212,289 (+2418.2%), from €8,779 to €221,068
- Short-term financial debts -€211,455
down €211,455 (-100.0%), from €211,455 to €0
- Reserves +€55,291
up €55,291 (+77.4%), from €71,399 to €126,690
- Debts after one year -€50,000
down €50,000 (-8.8%), from €570,000 to €520,000
of which Financial debts: -€50,000
- Accrued charges and deferred income -€26,071
down €26,071 (-100.0%), from €26,071 to €0
- Gross operating margin -€61,352
down €61,352 (-39.9%), from €153,924 to €92,572
- Other operating charges -€31,730
down €31,730 (-95.1%), from €33,350 to €1,620
- Financial charges -€25,873
down €25,873 (-97.7%), from €26,473 to €601
- Depreciation +€17,298
up €17,298 (+350.9%), from €4,930 to €22,229
- Taxes -€3,601
down €3,601 (-19.3%), from €18,674 to €15,073
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 | €910,573 | €892,627 | -€17,946 | -2.0% |
| Fixed assets | 21/28 | €328,243 | €312,269 | -€15,974 | -4.9% |
| Tangible fixed assets | 22/27 | €327,993 | €312,019 | -€15,974 | -4.9% |
| Land and buildings | 22 | €246,214 | €241,972 | -€4,241 | -1.7% |
| Furniture and vehicles | 24 | €81,779 | €70,047 | -€11,733 | -14.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €582,330 | €580,358 | -€1,972 | -0.3% |
| Amounts receivable within one year | 40/41 | €341,341 | €356,892 | +€15,551 | +4.6% |
| Trade receivables | 40 | €38,570 | €13,285 | -€25,285 | -65.6% |
| Other amounts receivable | 41 | €302,771 | €343,607 | +€40,836 | +13.5% |
| Current investments | 50/53 | €100,000 | €99,671 | -€329 | -0.3% |
| Cash at bank and in hand | 54/58 | €138,520 | €123,795 | -€14,725 | -10.6% |
| Deferred charges and accrued income | 490/1 | €2,469 | €0 | -€2,469 | -100.0% |
| Total equity and liabilities | 10/49 | €910,573 | €892,627 | -€17,946 | -2.0% |
| Equity | 10/15 | €89,949 | €145,240 | +€55,291 | +61.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €71,399 | €126,690 | +€55,291 | +77.4% |
| Distributable reserves | 133 | €71,399 | €126,690 | +€55,291 | +77.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €820,624 | €747,387 | -€73,237 | -8.9% |
| Amounts payable after more than one year | 17 | €570,000 | €520,000 | -€50,000 | -8.8% |
| Financial debts | 170/4 | €50,000 | €0 | -€50,000 | -100.0% |
| Other amounts payable | 178/9 | €520,000 | €520,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €224,553 | €227,387 | +€2,835 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €211,455 | €0 | -€211,455 | -100.0% |
| Other loans | 439 | €211,455 | €0 | -€211,455 | -100.0% |
| Trade debts | 44 | €4,221 | €3,635 | -€587 | -13.9% |
| Suppliers | 440/4 | €4,221 | €3,635 | -€587 | -13.9% |
| Taxes, remuneration and social security | 45 | €98 | €2,685 | +€2,587 | +2645.1% |
| Taxes | 450/3 | €98 | €2,685 | +€2,587 | +2645.1% |
| Other amounts payable | 47/48 | €8,779 | €221,068 | +€212,289 | +2418.2% |
| Accrued charges and deferred income | 492/3 | €26,071 | €0 | -€26,071 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,930 | €22,229 | +€17,298 | +350.9% |
| Other operating charges | 640/8 | €33,350 | €1,620 | -€31,730 | -95.1% |
| Gross operating margin | 9900 | €153,924 | €92,572 | -€61,352 | -39.9% |
| Operating profit (loss) | 9901 | €115,644 | €68,723 | -€46,921 | -40.6% |
| Financial income | 75/76B | €0 | €2,241 | +€2,241 | +5602975.0% |
| Recurring financial income | 75 | €0 | €2,241 | +€2,241 | +5602975.0% |
| Financial charges | 65/66B | €26,473 | €601 | -€25,873 | -97.7% |
| Recurring financial charges | 65 | €26,473 | €601 | -€25,873 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | €89,171 | €70,364 | -€18,807 | -21.1% |
| Income taxes | 67/77 | €18,674 | €15,073 | -€3,601 | -19.3% |
| Profit (loss) for the period | 9904 | €70,497 | €55,291 | -€15,206 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,497 | €55,291 | -€15,206 | -21.6% |
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 4 October 2026 via checked.be.