Macors: what changed
What changed
Macors
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€975,151
2024 · €1.4m-€392,975
Equity
€4.1m
2024 · €4.0m+€144,308
Cash
€826,859
2024 · €1.5m-€643,929
Balance sheet total
€10.0m
2024 · €10.2m-€153,105
Largest movements
Assets
- Cash -€643,929
down €643,929 (-43.8%), from €1.5m to €826,859
mainly Investment in fixed assets (net) (-€840,753) and Contributions, distributions and other (-€830,843)
- Tangible fixed assets +€471,058
up €471,058 (+22.9%), from €2.1m to €2.5m
of which Land and buildings: +€290,208
Equity and liabilities
- Other debts -€700,928
down €700,928 (-25.2%), from €2.8m to €2.1m
- Short-term financial debts -€383,220
down €383,220 (-56.8%), from €675,143 to €291,923
- Debts after one year +€354,629
up €354,629 (+64.3%), from €551,698 to €906,328
- Trade debts +€302,755
up €302,755 (+20.6%), from €1.5m to €1.8m
- Profit (loss) carried forward +€149,726
up €149,726 (+5.8%), from €2.6m to €2.7m
Income statement
- Goods and materials -€1.2m
down €1.2m (-9.1%), from €13.1m to €11.9m
of which Purchases: -€1.0m
- Write-downs +€376,648
no longer reported in 2025 (was -€376,648)
- Turnover -€360,981
down €360,981 (-1.8%), from €20.2m to €19.8m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.4m
Turnover
-€360,981
Other operating income
+€40,215
Goods and materials
+€1.2m
Services and other goods
-€201,633
Staff costs
-€125,410
Depreciation
-€51,267
Write-downs
-€376,648
Provisions
+€9,519
Other operating charges
-€188
Other operating items
-€618,110
Financial income
-€3,014
Financial charges
-€26,957
Taxes
+€133,473
Result 2025
€975,151
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€984,727
Investment
-€840,753
Financing
-€787,902
Cash 2024
€1.5m
From operations (derived)
+€984,727
Net result for the year
+€975,151
Depreciation
+€367,164
Stocks and contracts
+€18,865
Receivables within one year
-€23,358
Deferred charges and accrued income
-€12,741
Provisions
-€900
Trade debts
+€302,755
Tax, wage and social debts
+€65,199
Other debts
-€700,928
Accrued charges and deferred income
-€6,481
Investment (derived)
-€840,753
Investment in fixed assets (net)
-€840,753
Financing
-€787,902
Debts after one year
+€354,629
Current portion of long-term debt
+€71,532
Short-term financial debts
-€383,220
Contributions, distributions and other
-€830,843
Cash 2025
€826,859
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,170,393 | €10,017,287 | -€153,105 | -1.5% |
| Fixed assets | 21/28 | €2,214,622 | €2,688,212 | +€473,589 | +21.4% |
| Intangible fixed assets | 21 | €7,388 | €9,420 | +€2,032 | +27.5% |
| Tangible fixed assets | 22/27 | €2,057,271 | €2,528,329 | +€471,058 | +22.9% |
| Land and buildings | 22 | €1,429,535 | €1,719,743 | +€290,208 | +20.3% |
| Plant, machinery and equipment | 23 | €259,917 | €358,791 | +€98,874 | +38.0% |
| Furniture and vehicles | 24 | €347,104 | €430,831 | +€83,727 | +24.1% |
| Other tangible fixed assets | 26 | €20,715 | €18,964 | -€1,752 | -8.5% |
| Financial fixed assets | 28 | €149,963 | €150,463 | +€500 | +0.3% |
| Other financial fixed assets | 284/8 | €149,963 | €150,463 | +€500 | +0.3% |
| Shares | 284 | €744 | €744 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €149,219 | €149,719 | +€500 | +0.3% |
| Current assets | 29/58 | €7,955,770 | €7,329,076 | -€626,695 | -7.9% |
| Stocks and contracts in progress | 3 | €3,636,120 | €3,617,255 | -€18,865 | -0.5% |
| Stocks | 30/36 | €3,323,319 | €3,053,182 | -€270,136 | -8.1% |
| Raw materials and consumables | 30/31 | - | €33,908 | +€33,908 | |
| Goods purchased for resale | 34 | €92,866 | €220,182 | +€127,316 | +137% |
| Property held for sale | 35 | €3,230,453 | €2,799,093 | -€431,360 | -13.4% |
| Contracts in progress | 37 | €312,801 | €564,073 | +€251,272 | +80.3% |
| Amounts receivable within one year | 40/41 | €2,843,415 | €2,866,773 | +€23,358 | +0.8% |
| Trade receivables | 40 | €2,473,543 | €2,470,274 | -€3,269 | -0.1% |
| Other amounts receivable | 41 | €369,872 | €396,499 | +€26,627 | +7.2% |
| Cash at bank and in hand | 54/58 | €1,470,788 | €826,859 | -€643,929 | -43.8% |
| Deferred charges and accrued income | 490/1 | €5,447 | €18,188 | +€12,741 | +234% |
| Total equity and liabilities | 10/49 | €10,170,393 | €10,017,287 | -€153,105 | -1.5% |
| Equity | 10/15 | €3,971,127 | €4,115,434 | +€144,308 | +3.6% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Revaluation surpluses | 12 | €48,191 | €48,191 | = | 0.0% |
| Reserves | 13 | €877,500 | €877,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €840,000 | €840,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,589,343 | €2,739,069 | +€149,726 | +5.8% |
| Investment grants | 15 | €56,092 | €50,674 | -€5,418 | -9.7% |
| Provisions and deferred taxes | 16 | €77,365 | €76,466 | -€900 | -1.2% |
| Provisions for liabilities and charges | 160/5 | €77,365 | €76,466 | -€900 | -1.2% |
| Other liabilities and charges | 164/5 | €77,365 | €76,466 | -€900 | -1.2% |
| Amounts payable | 17/49 | €6,121,901 | €5,825,387 | -€296,513 | -4.8% |
| Amounts payable after more than one year | 17 | €551,698 | €906,328 | +€354,629 | +64.3% |
| Financial debts | 170/4 | €551,698 | €906,328 | +€354,629 | +64.3% |
| Credit institutions | 173 | €551,698 | €906,328 | +€354,629 | +64.3% |
| Amounts payable within one year | 42/48 | €5,563,235 | €4,918,573 | -€644,662 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €224,207 | €295,739 | +€71,532 | +31.9% |
| Financial debts | 43 | €675,143 | €291,923 | -€383,220 | -56.8% |
| Credit institutions | 430/8 | €675,143 | €291,923 | -€383,220 | -56.8% |
| Trade debts | 44 | €1,471,912 | €1,774,667 | +€302,755 | +20.6% |
| Suppliers | 440/4 | €1,471,912 | €1,774,667 | +€302,755 | +20.6% |
| Taxes, remuneration and social security | 45 | €415,620 | €480,819 | +€65,199 | +15.7% |
| Taxes | 450/3 | €50,211 | €66,120 | +€15,909 | +31.7% |
| Remuneration and social security | 454/9 | €365,409 | €414,699 | +€49,290 | +13.5% |
| Other amounts payable | 47/48 | €2,776,353 | €2,075,425 | -€700,928 | -25.2% |
| Accrued charges and deferred income | 492/3 | €6,968 | €486 | -€6,481 | -93.0% |
| Operating income | 70/76A | €21,228,460 | €20,289,899 | -€938,561 | -4.4% |
| Turnover | 70 | €20,209,330 | €19,848,350 | -€360,981 | -1.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €819,133 | -€180,088 | -€999,221 | |
| Own construction capitalised | 72 | €17,261 | €424,610 | +€407,349 | +2,360% |
| Other operating income | 74 | €143,494 | €183,709 | +€40,215 | +28.0% |
| Non-recurring operating income | 76A | €39,242 | €13,319 | -€25,922 | -66.1% |
| Operating charges | 60/66A | €19,452,212 | €19,010,129 | -€442,084 | -2.3% |
| Goods for resale, raw materials and consumables | 60 | €13,078,524 | €11,890,498 | -€1.2m | -9.1% |
| Purchases | 600/8 | €13,083,930 | €12,051,721 | -€1.0m | -7.9% |
| Change in stocks: decrease (increase) | 609 | -€5,405 | -€161,224 | -€155,818 | -2,883% |
| Services and other goods | 61 | €1,559,570 | €1,761,203 | +€201,633 | +12.9% |
| Remuneration, social security and pensions | 62 | €4,811,240 | €4,936,650 | +€125,410 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315,897 | €367,164 | +€51,267 | +16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€376,648 | - | +€376,648 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €8,619 | -€900 | -€9,519 | |
| Other operating charges | 640/8 | €55,010 | €55,198 | +€188 | +0.3% |
| Non-recurring operating charges | 66A | - | €316 | +€316 | |
| Operating profit (loss) | 9901 | €1,776,248 | €1,279,771 | -€496,477 | -28.0% |
| Financial income | 75/76B | €104,206 | €101,192 | -€3,014 | -2.9% |
| Recurring financial income | 75 | €104,206 | €101,192 | -€3,014 | -2.9% |
| Income from current assets | 751 | €2,292 | €561 | -€1,730 | -75.5% |
| Other financial income | 752/9 | €101,914 | €100,630 | -€1,284 | -1.3% |
| Financial charges | 65/66B | €40,692 | €67,648 | +€26,957 | +66.2% |
| Recurring financial charges | 65 | €40,692 | €67,648 | +€26,957 | +66.2% |
| Debt charges | 650 | €40,679 | €67,642 | +€26,963 | +66.3% |
| Other financial charges | 652/9 | €12 | €6 | -€7 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | €1,839,762 | €1,313,314 | -€526,448 | -28.6% |
| Income taxes | 67/77 | €471,636 | €338,163 | -€133,473 | -28.3% |
| Taxes | 670/3 | €473,689 | €345,326 | -€128,362 | -27.1% |
| Tax adjustments and reversals of tax provisions | 77 | €2,052 | €7,163 | +€5,111 | +249% |
| Profit (loss) for the period | 9904 | €1,368,126 | €975,151 | -€392,975 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,368,126 | €975,151 | -€392,975 | -28.7% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.