Macovei Brothers Construct: 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.
Macovei Brothers Construct
Largest movements
- Receivables within one year +€50,323
new in 2025: €50,323
of which Trade receivables: +€44,728
- Receivables after one year -€29,697
no longer reported in 2025 (was €29,697)
of which Other amounts receivable: -€17,475
- Cash +€19,097
up €19,097 (+174%), from €10,969 to €30,066
mainly Net result for the year (+€38,894) and Receivables after one year (+€29,697)
- Tangible fixed assets +€10,783
up €10,783 (+1,440%), from €749 to €11,531
of which Plant, machinery and equipment: +€5,880
- Profit (loss) carried forward +€38,894
up €38,894 (+263%), from €14,786 to €53,680
- Tax, wage and social debts +€8,718
up €8,718 (+122%), from €7,152 to €15,870
of which Remuneration and social security: +€5,365
- Trade debts +€6,376
up €6,376 (+73.4%), from €8,684 to €15,059
- Other debts -€2,879
down €2,879 (-93.7%), from €3,072 to €194
- Gross operating margin +€34,121
up €34,121 (+153%), from €22,311 to €56,432
- Staff costs +€7,312
new in 2025: €7,312
- Financial income +€4,572
new in 2025: €4,572
- Taxes +€4,289
up €4,289 (+75.2%), from €5,700 to €9,989
- Financial charges +€3,322
up €3,322 (+706,794%), from €0 to €3,322
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 | €41,695 | €92,803 | +€51,108 | +123% |
| Fixed assets | 21/28 | €1,029 | €11,811 | +€10,783 | +1,048% |
| Tangible fixed assets | 22/27 | €749 | €11,531 | +€10,783 | +1,440% |
| Plant, machinery and equipment | 23 | - | €5,880 | +€5,880 | |
| Furniture and vehicles | 24 | €749 | €5,652 | +€4,903 | +655% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €40,666 | €80,991 | +€40,325 | +99.2% |
| Amounts receivable after more than one year | 29 | €29,697 | - | -€29,697 | |
| Trade receivables | 290 | €12,222 | - | -€12,222 | |
| Other amounts receivable | 291 | €17,475 | - | -€17,475 | |
| Amounts receivable within one year | 40/41 | - | €50,323 | +€50,323 | |
| Trade receivables | 40 | - | €44,728 | +€44,728 | |
| Other amounts receivable | 41 | - | €5,595 | +€5,595 | |
| Cash at bank and in hand | 54/58 | €10,969 | €30,066 | +€19,097 | +174% |
| Deferred charges and accrued income | 490/1 | - | €603 | +€603 | |
| Total equity and liabilities | 10/49 | €41,695 | €92,803 | +€51,108 | +123% |
| Equity | 10/15 | €22,786 | €61,680 | +€38,894 | +171% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Capital | 10 | €8,000 | - | -€8,000 | |
| Issued capital | 100 | €8,000 | - | -€8,000 | |
| Profit (loss) carried forward | 14 | €14,786 | €53,680 | +€38,894 | +263% |
| Amounts payable | 17/49 | €18,908 | €31,123 | +€12,214 | +64.6% |
| Amounts payable within one year | 42/48 | €18,908 | €31,123 | +€12,214 | +64.6% |
| Trade debts | 44 | €8,684 | €15,059 | +€6,376 | +73.4% |
| Suppliers | 440/4 | €8,684 | €15,059 | +€6,376 | +73.4% |
| Taxes, remuneration and social security | 45 | €7,152 | €15,870 | +€8,718 | +122% |
| Taxes | 450/3 | €7,152 | €10,505 | +€3,353 | +46.9% |
| Remuneration and social security | 454/9 | - | €5,365 | +€5,365 | |
| Other amounts payable | 47/48 | €3,072 | €194 | -€2,879 | -93.7% |
| Non-recurring operating income | 76A | - | €41 | +€41 | |
| Remuneration, social security and pensions | 62 | - | €7,312 | +€7,312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €374 | €1,487 | +€1,113 | +297% |
| Other operating charges | 640/8 | €1,557 | - | -€1,557 | |
| Gross operating margin | 9900 | €22,311 | €56,432 | +€34,121 | +153% |
| Operating profit (loss) | 9901 | €20,380 | €47,633 | +€27,253 | +134% |
| Financial income | 75/76B | - | €4,572 | +€4,572 | |
| Recurring financial income | 75 | - | €4,572 | +€4,572 | |
| Financial charges | 65/66B | €0 | €3,322 | +€3,322 | +706,794% |
| Recurring financial charges | 65 | €0 | €3,322 | +€3,322 | +706,794% |
| Profit (loss) for the period before taxes | 9903 | €20,380 | €48,883 | +€28,503 | +140% |
| Income taxes | 67/77 | €5,700 | €9,989 | +€4,289 | +75.2% |
| Profit (loss) for the period | 9904 | €14,680 | €38,894 | +€24,214 | +165% |
| Profit (loss) for the period to be appropriated | 9905 | €14,680 | €38,894 | +€24,214 | +165% |
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 29 October 2026 via checked.be.