MACORS MANAGEMENT SPRL: 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 MANAGEMENT SPRL
Largest movements
- Tangible fixed assets -€40,124
down €40,124 (-9.0%), from €446,591 to €406,468
- Receivables within one year -€26,406
down €26,406 (-12.7%), from €208,242 to €181,836
of which Other amounts receivable: -€22,906
- Cash +€13,396
up €13,396 (+269%), from €4,974 to €18,370
mainly Net result for the year (+€43,868) and Depreciation (+€40,124)
- Debts after one year -€52,145
down €52,145 (-25.7%), from €202,635 to €150,491
- Reserves +€33,500
up €33,500 (+12.2%), from €274,860 to €308,360
- Other debts -€30,163
down €30,163 (-16.0%), from €188,110 to €157,946
- Financial income -€19,775
down €19,775 (-28.1%), from €70,489 to €50,714
- Financial charges +€3,154
up €3,154 (+59.0%), from €5,347 to €8,501
- Taxes -€2,150
down €2,150 (-33.1%), from €6,500 to €4,350
- Other operating charges +€1,039
up €1,039 (+27.6%), from €3,765 to €4,804
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 | €779,807 | €727,797 | -€52,010 | -6.7% |
| Fixed assets | 21/28 | €566,591 | €526,468 | -€40,124 | -7.1% |
| Tangible fixed assets | 22/27 | €446,591 | €406,468 | -€40,124 | -9.0% |
| Land and buildings | 22 | €446,591 | €406,468 | -€40,124 | -9.0% |
| Financial fixed assets | 28 | €120,000 | €120,000 | = | 0.0% |
| Current assets | 29/58 | €213,216 | €201,329 | -€11,887 | -5.6% |
| Amounts receivable within one year | 40/41 | €208,242 | €181,836 | -€26,406 | -12.7% |
| Trade receivables | 40 | €18,000 | €14,500 | -€3,500 | -19.4% |
| Other amounts receivable | 41 | €190,242 | €167,336 | -€22,906 | -12.0% |
| Cash at bank and in hand | 54/58 | €4,974 | €18,370 | +€13,396 | +269% |
| Deferred charges and accrued income | 490/1 | - | €1,124 | +€1,124 | |
| Total equity and liabilities | 10/49 | €779,807 | €727,797 | -€52,010 | -6.7% |
| Equity | 10/15 | €324,348 | €355,517 | +€31,168 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €274,860 | €308,360 | +€33,500 | +12.2% |
| Distributable reserves | 133 | €274,860 | €308,360 | +€33,500 | +12.2% |
| Profit (loss) carried forward | 14 | €2,422 | €2,790 | +€368 | +15.2% |
| Investment grants | 15 | €28,466 | €25,767 | -€2,700 | -9.5% |
| Amounts payable | 17/49 | €455,459 | €372,280 | -€83,179 | -18.3% |
| Amounts payable after more than one year | 17 | €202,635 | €150,491 | -€52,145 | -25.7% |
| Financial debts | 170/4 | €202,635 | €150,491 | -€52,145 | -25.7% |
| Amounts payable within one year | 42/48 | €250,352 | €217,861 | -€32,492 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €51,647 | €53,063 | +€1,417 | +2.7% |
| Trade debts | 44 | €2,894 | €1,252 | -€1,642 | -56.7% |
| Suppliers | 440/4 | €2,894 | €1,252 | -€1,642 | -56.7% |
| Taxes, remuneration and social security | 45 | €7,702 | €5,599 | -€2,103 | -27.3% |
| Taxes | 450/3 | €7,702 | €5,599 | -€2,103 | -27.3% |
| Other amounts payable | 47/48 | €188,110 | €157,946 | -€30,163 | -16.0% |
| Accrued charges and deferred income | 492/3 | €2,471 | €3,929 | +€1,458 | +59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,124 | €40,124 | = | 0.0% |
| Other operating charges | 640/8 | €3,765 | €4,804 | +€1,039 | +27.6% |
| Gross operating margin | 9900 | €50,952 | €50,932 | -€20 | 0.0% |
| Operating profit (loss) | 9901 | €7,063 | €6,004 | -€1,059 | -15.0% |
| Financial income | 75/76B | €70,489 | €50,714 | -€19,775 | -28.1% |
| Recurring financial income | 75 | €70,489 | €50,714 | -€19,775 | -28.1% |
| Financial charges | 65/66B | €5,347 | €8,501 | +€3,154 | +59.0% |
| Recurring financial charges | 65 | €5,347 | €8,501 | +€3,154 | +59.0% |
| Profit (loss) for the period before taxes | 9903 | €72,206 | €48,218 | -€23,988 | -33.2% |
| Income taxes | 67/77 | €6,500 | €4,350 | -€2,150 | -33.1% |
| Profit (loss) for the period | 9904 | €65,706 | €43,868 | -€21,838 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,706 | €43,868 | -€21,838 | -33.2% |
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.