MACORITA: 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.
MACORITA
Largest movements
- Tangible fixed assets +€45,658
up €45,658 (+202%), from €22,578 to €68,236
of which Plant, machinery and equipment: +€63,109
- Cash -€6,383
down €6,383 (-72.8%), from €8,764 to €2,381
mainly Investment in fixed assets (net) (-€67,998) and Current portion of long-term debt (-€6,947)
- Stocks and contracts +€982
up €982 (+47.7%), from €2,060 to €3,042
- Other debts +€18,148
new in 2025: €18,148
- Trade debts +€16,280
up €16,280 (+305%), from €5,336 to €21,616
- Profit (loss) carried forward +€8,485
up €8,485, from -€217 to €8,268
- Current portion of long-term debt -€6,947
no longer reported in 2025 (was €6,947)
- Tax, wage and social debts +€4,008
up €4,008 (+47.2%), from €8,483 to €12,491
of which Taxes: +€2,964
- Staff costs -€25,601
down €25,601 (-64.1%), from €39,954 to €14,353
- Depreciation +€18,985
up €18,985 (+566%), from €3,355 to €22,340
- Other operating charges +€11,069
up €11,069 (+723%), from €1,532 to €12,601
- Gross operating margin +€6,615
up €6,615 (+10.5%), from €62,811 to €69,426
- Taxes +€772
up €772 (+22.9%), from €3,368 to €4,140
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 | €34,149 | €74,123 | +€39,974 | +117% |
| Fixed assets | 21/28 | €22,818 | €68,476 | +€45,658 | +200% |
| Tangible fixed assets | 22/27 | €22,578 | €68,236 | +€45,658 | +202% |
| Plant, machinery and equipment | 23 | €5,127 | €68,236 | +€63,109 | +1,231% |
| Furniture and vehicles | 24 | €7,234 | - | -€7,234 | |
| Leasing and similar rights | 25 | €10,217 | - | -€10,217 | |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €11,331 | €5,647 | -€5,684 | -50.2% |
| Stocks and contracts in progress | 3 | €2,060 | €3,042 | +€982 | +47.7% |
| Stocks | 30/36 | €2,060 | €3,042 | +€982 | +47.7% |
| Amounts receivable within one year | 40/41 | €507 | €224 | -€283 | -55.8% |
| Trade receivables | 40 | €193 | - | -€193 | |
| Other amounts receivable | 41 | €314 | €224 | -€90 | -28.7% |
| Cash at bank and in hand | 54/58 | €8,764 | €2,381 | -€6,383 | -72.8% |
| Total equity and liabilities | 10/49 | €34,149 | €74,123 | +€39,974 | +117% |
| Equity | 10/15 | €13,383 | €21,868 | +€8,485 | +63.4% |
| Contributions | 10/11 | €13,600 | €13,600 | = | 0.0% |
| Capital | 10 | €13,600 | €13,600 | = | 0.0% |
| Issued capital | 100 | €13,600 | €13,600 | = | 0.0% |
| Uncalled capital | 101 | - | €0 | = | |
| Profit (loss) carried forward | 14 | -€217 | €8,268 | +€8,485 | |
| Amounts payable | 17/49 | €20,766 | €52,255 | +€31,489 | +152% |
| Amounts payable within one year | 42/48 | €20,766 | €52,255 | +€31,489 | +152% |
| Current portion of amounts payable after more than one year | 42 | €6,947 | - | -€6,947 | |
| Trade debts | 44 | €5,336 | €21,616 | +€16,280 | +305% |
| Suppliers | 440/4 | €5,336 | €21,616 | +€16,280 | +305% |
| Taxes, remuneration and social security | 45 | €8,483 | €12,491 | +€4,008 | +47.2% |
| Taxes | 450/3 | €5,586 | €8,550 | +€2,964 | +53.1% |
| Remuneration and social security | 454/9 | €2,897 | €3,941 | +€1,044 | +36.0% |
| Other amounts payable | 47/48 | - | €18,148 | +€18,148 | |
| Remuneration, social security and pensions | 62 | €39,954 | €14,353 | -€25,601 | -64.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,355 | €22,340 | +€18,985 | +566% |
| Other operating charges | 640/8 | €1,532 | €12,601 | +€11,069 | +723% |
| Gross operating margin | 9900 | €62,811 | €69,426 | +€6,615 | +10.5% |
| Operating profit (loss) | 9901 | €17,970 | €20,132 | +€2,162 | +12.0% |
| Financial charges | 65/66B | €7,930 | €7,507 | -€423 | -5.3% |
| Recurring financial charges | 65 | €7,930 | €7,507 | -€423 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €10,040 | €12,625 | +€2,585 | +25.7% |
| Income taxes | 67/77 | €3,368 | €4,140 | +€772 | +22.9% |
| Profit (loss) for the period | 9904 | €6,672 | €8,485 | +€1,813 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,672 | €8,485 | +€1,813 | +27.2% |
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 17 October 2026 via checked.be.