MACOR: 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.
MACOR
Largest movements
- Deferred charges and accrued income +€392
new in 2025: €392
- Receivables within one year +€120
up €120 (+3.0%), from €3,970 to €4,090
of which Trade receivables: +€1,134
- Profit (loss) carried forward +€7,757
up €7,757 (+26.7%), from -€29,058 to -€21,301
- Debts after one year -€4,929
down €4,929 (-47.0%), from €10,484 to €5,554
- Trade debts -€2,537
down €2,537 (-25.1%), from €10,109 to €7,572
- Tax, wage and social debts +€222
up €222 (+35.7%), from €622 to €844
- Gross operating margin +€639
up €639 (+7.6%), from €8,405 to €9,044
- Other operating charges +€280
up €280 (+61.1%), from €458 to €738
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 | €10,757 | €11,269 | +€513 | +4.8% |
| Current assets | 29/58 | €10,757 | €11,269 | +€513 | +4.8% |
| Stocks and contracts in progress | 3 | €6,769 | €6,769 | = | 0.0% |
| Stocks | 30/36 | €6,769 | €6,769 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,970 | €4,090 | +€120 | +3.0% |
| Trade receivables | 40 | €2,356 | €3,490 | +€1,134 | +48.1% |
| Other amounts receivable | 41 | €1,614 | €600 | -€1,014 | -62.8% |
| Cash at bank and in hand | 54/58 | €17 | €17 | +€0 | +0.9% |
| Deferred charges and accrued income | 490/1 | - | €392 | +€392 | |
| Total equity and liabilities | 10/49 | €10,757 | €11,269 | +€513 | +4.8% |
| Equity | 10/15 | -€10,458 | -€2,701 | +€7,757 | +74.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,058 | -€21,301 | +€7,757 | +26.7% |
| Amounts payable | 17/49 | €21,214 | €13,970 | -€7,244 | -34.1% |
| Amounts payable after more than one year | 17 | €10,484 | €5,554 | -€4,929 | -47.0% |
| Other amounts payable | 178/9 | €10,484 | €5,554 | -€4,929 | -47.0% |
| Amounts payable within one year | 42/48 | €10,731 | €8,416 | -€2,315 | -21.6% |
| Trade debts | 44 | €10,109 | €7,572 | -€2,537 | -25.1% |
| Suppliers | 440/4 | €10,109 | €7,572 | -€2,537 | -25.1% |
| Taxes, remuneration and social security | 45 | €622 | €844 | +€222 | +35.7% |
| Taxes | 450/3 | €622 | €844 | +€222 | +35.7% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €458 | €738 | +€280 | +61.1% |
| Gross operating margin | 9900 | €8,405 | €9,044 | +€639 | +7.6% |
| Operating profit (loss) | 9901 | €7,947 | €8,306 | +€359 | +4.5% |
| Financial charges | 65/66B | €254 | €327 | +€74 | +29.0% |
| Recurring financial charges | 65 | €254 | €327 | +€74 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | €7,693 | €7,979 | +€285 | +3.7% |
| Income taxes | 67/77 | €215 | €222 | +€8 | +3.6% |
| Profit (loss) for the period | 9904 | €7,479 | €7,757 | +€278 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,479 | €7,757 | +€278 | +3.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.