MACORS FINANCES: 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.
MACORS FINANCES
Largest movements
- Tangible fixed assets -€80,288
down €80,288 (-9.3%), from €859,733 to €779,445
of which Furniture and vehicles: -€50,063
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Debts after one year -€80,968
down €80,968 (-17.3%), from €467,255 to €386,287
- Profit (loss) carried forward -€30,035
down €30,035 (-9.6%), from €314,062 to €284,027
- Tax, wage and social debts +€13,394
up €13,394 (+30.0%), from €44,678 to €58,072
of which Remuneration and social security: +€12,094
- Short-term financial debts -€12,194
down €12,194 (-63.1%), from €19,336 to €7,142
- Gross operating margin -€38,665
down €38,665 (-10.7%), from €360,961 to €322,296
- Staff costs +€23,512
up €23,512 (+18.0%), from €130,600 to €154,112
- Taxes -€10,802
down €10,802 (-49.6%), from €21,791 to €10,989
- Depreciation +€8,288
up €8,288 (+8.0%), from €103,710 to €111,998
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 | €1,101,309 | €975,027 | -€126,282 | -11.5% |
| Fixed assets | 21/28 | €860,843 | €780,555 | -€80,288 | -9.3% |
| Tangible fixed assets | 22/27 | €859,733 | €779,445 | -€80,288 | -9.3% |
| Land and buildings | 22 | €716,697 | €684,335 | -€32,362 | -4.5% |
| Plant, machinery and equipment | 23 | €6,981 | €5,118 | -€1,863 | -26.7% |
| Furniture and vehicles | 24 | €136,055 | €85,992 | -€50,063 | -36.8% |
| Other tangible fixed assets | 26 | - | €4,000 | +€4,000 | |
| Financial fixed assets | 28 | €1,110 | €1,110 | = | 0.0% |
| Current assets | 29/58 | €240,466 | €194,472 | -€45,994 | -19.1% |
| Amounts receivable within one year | 40/41 | €32,018 | €33,359 | +€1,341 | +4.2% |
| Trade receivables | 40 | €27,103 | €708 | -€26,395 | -97.4% |
| Other amounts receivable | 41 | €4,915 | €32,651 | +€27,736 | +564% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €108,962 | €118,826 | +€9,864 | +9.1% |
| Deferred charges and accrued income | 490/1 | €49,486 | €42,287 | -€7,199 | -14.5% |
| Total equity and liabilities | 10/49 | €1,101,309 | €975,027 | -€126,282 | -11.5% |
| Equity | 10/15 | €437,050 | €407,015 | -€30,035 | -6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €104,388 | €104,388 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,528 | €27,528 | = | 0.0% |
| Distributable reserves | 133 | €76,860 | €76,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €314,062 | €284,027 | -€30,035 | -9.6% |
| Amounts payable | 17/49 | €664,259 | €568,012 | -€96,247 | -14.5% |
| Amounts payable after more than one year | 17 | €467,255 | €386,287 | -€80,968 | -17.3% |
| Financial debts | 170/4 | €467,255 | €386,287 | -€80,968 | -17.3% |
| Amounts payable within one year | 42/48 | €185,865 | €181,421 | -€4,444 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €82,979 | €80,968 | -€2,011 | -2.4% |
| Financial debts | 43 | €19,336 | €7,142 | -€12,194 | -63.1% |
| Credit institutions | 430/8 | €19,336 | €7,142 | -€12,194 | -63.1% |
| Trade debts | 44 | €239 | €239 | = | 0.0% |
| Suppliers | 440/4 | €239 | €239 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €44,678 | €58,072 | +€13,394 | +30.0% |
| Taxes | 450/3 | €30,143 | €31,443 | +€1,300 | +4.3% |
| Remuneration and social security | 454/9 | €14,535 | €26,629 | +€12,094 | +83.2% |
| Other amounts payable | 47/48 | €38,633 | €35,000 | -€3,633 | -9.4% |
| Accrued charges and deferred income | 492/3 | €11,139 | €304 | -€10,835 | -97.3% |
| Remuneration, social security and pensions | 62 | €130,600 | €154,112 | +€23,512 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,710 | €111,998 | +€8,288 | +8.0% |
| Other operating charges | 640/8 | €13,174 | €13,516 | +€342 | +2.6% |
| Gross operating margin | 9900 | €360,961 | €322,296 | -€38,665 | -10.7% |
| Operating profit (loss) | 9901 | €113,477 | €42,670 | -€70,807 | -62.4% |
| Financial income | 75/76B | €682 | €3,140 | +€2,458 | +360% |
| Recurring financial income | 75 | €682 | €3,140 | +€2,458 | +360% |
| Financial charges | 65/66B | €15,492 | €14,855 | -€637 | -4.1% |
| Recurring financial charges | 65 | €15,492 | €14,855 | -€637 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €98,667 | €30,955 | -€67,712 | -68.6% |
| Income taxes | 67/77 | €21,791 | €10,989 | -€10,802 | -49.6% |
| Profit (loss) for the period | 9904 | €76,876 | €19,966 | -€56,910 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €76,876 | €19,966 | -€56,910 | -74.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.