MACPASE SRL: 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.
MACPASE SRL
Largest movements
- Receivables within one year -€37,093
down €37,093 (-19.5%), from €190,350 to €153,257
- Tangible fixed assets -€14,320
down €14,320 (-23.7%), from €60,447 to €46,127
of which Furniture and vehicles: -€12,850
- Cash +€7,280
up €7,280 (+38.9%), from €18,734 to €26,014
mainly Receivables within one year (+€37,093) and Contributions, distributions and other (+€24,635)
- Deferred charges and accrued income -€5,013
no longer reported in 2024 (was €5,013)
- Tax, wage and social debts -€51,779
down €51,779 (-86.5%), from €59,882 to €8,103
of which Taxes: -€51,203
- Debts after one year -€25,492
down €25,492 (-41.2%), from €61,867 to €36,375
of which Financial debts: -€57,781
- Investment grants +€24,635
up €24,635 (+31.8%), from €77,578 to €102,213
- Reserves +€12,134
up €12,134 (+54.6%), from €22,236 to €34,370
- Trade debts -€7,946
down €7,946 (-57.8%), from €13,746 to €5,800
- Financial income -€19,050
down €19,050 (-71.5%), from €26,636 to €7,586
of which Financial income: -€26,629
- Gross operating margin +€18,336
up €18,336 (+11.4%), from €160,493 to €178,829
- Staff costs -€5,856
down €5,856 (-4.1%), from €143,463 to €137,607
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €285,872 | €237,075 | -€48,797 | -17.1% |
| Fixed assets | 21/28 | €60,447 | €46,127 | -€14,320 | -23.7% |
| Tangible fixed assets | 22/27 | €60,447 | €46,127 | -€14,320 | -23.7% |
| Plant, machinery and equipment | 23 | €8,506 | €9,957 | +€1,451 | +17.1% |
| Furniture and vehicles | 24 | €44,852 | €32,002 | -€12,850 | -28.6% |
| Other tangible fixed assets | 26 | €7,089 | €4,168 | -€2,921 | -41.2% |
| Current assets | 29/58 | €225,425 | €190,948 | -€34,477 | -15.3% |
| Stocks and contracts in progress | 3 | €11,328 | €11,677 | +€349 | +3.1% |
| Stocks | 30/36 | €11,328 | €11,677 | +€349 | +3.1% |
| Amounts receivable within one year | 40/41 | €190,350 | €153,257 | -€37,093 | -19.5% |
| Other amounts receivable | 41 | €190,350 | €153,257 | -€37,093 | -19.5% |
| Cash at bank and in hand | 54/58 | €18,734 | €26,014 | +€7,280 | +38.9% |
| Deferred charges and accrued income | 490/1 | €5,013 | - | -€5,013 | |
| Total equity and liabilities | 10/49 | €285,872 | €237,075 | -€48,797 | -17.1% |
| Equity | 10/15 | €145,217 | €181,986 | +€36,769 | +25.3% |
| Contributions | 10/11 | €18,833 | €18,833 | = | 0.0% |
| Contributions outside capital | 11 | €18,833 | €18,833 | = | 0.0% |
| Other | 1109/19 | €18,833 | €18,833 | = | 0.0% |
| Reserves | 13 | €22,236 | €34,370 | +€12,134 | +54.6% |
| Distributable reserves | 133 | €22,236 | €34,370 | +€12,134 | +54.6% |
| Profit (loss) carried forward | 14 | €26,570 | €26,570 | = | 0.0% |
| Investment grants | 15 | €77,578 | €102,213 | +€24,635 | +31.8% |
| Amounts payable | 17/49 | €140,655 | €55,089 | -€85,566 | -60.8% |
| Amounts payable after more than one year | 17 | €61,867 | €36,375 | -€25,492 | -41.2% |
| Financial debts | 170/4 | €61,867 | €4,086 | -€57,781 | -93.4% |
| Trade debts | 175 | - | €32,289 | +€32,289 | |
| Amounts payable within one year | 42/48 | €74,642 | €15,912 | -€58,730 | -78.7% |
| Financial debts | 43 | €1,014 | €2,009 | +€995 | +98.1% |
| Credit institutions | 430/8 | - | €995 | +€995 | |
| Other loans | 439 | €1,014 | €1,014 | = | 0.0% |
| Trade debts | 44 | €13,746 | €5,800 | -€7,946 | -57.8% |
| Suppliers | 440/4 | €13,746 | €5,800 | -€7,946 | -57.8% |
| Taxes, remuneration and social security | 45 | €59,882 | €8,103 | -€51,779 | -86.5% |
| Taxes | 450/3 | €55,711 | €4,508 | -€51,203 | -91.9% |
| Remuneration and social security | 454/9 | €4,171 | €3,595 | -€576 | -13.8% |
| Accrued charges and deferred income | 492/3 | €4,146 | €2,802 | -€1,344 | -32.4% |
| Remuneration, social security and pensions | 62 | €143,463 | €137,607 | -€5,856 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,963 | €17,623 | +€660 | +3.9% |
| Other operating charges | 640/8 | €4,167 | €5,398 | +€1,231 | +29.5% |
| Gross operating margin | 9900 | €160,493 | €178,829 | +€18,336 | +11.4% |
| Operating profit (loss) | 9901 | -€4,100 | €18,201 | +€22,301 | |
| Financial income | 75/76B | €26,636 | €7,586 | -€19,050 | -71.5% |
| Recurring financial income | 75 | €26,636 | €7 | -€26,629 | -100.0% |
| Non-recurring financial income | 76B | €26,636 | €7,579 | -€19,057 | -71.5% |
| Financial charges | 65/66B | €7,374 | €8,653 | +€1,279 | +17.3% |
| Recurring financial charges | 65 | €7,374 | €8,653 | +€1,279 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €15,162 | €17,134 | +€1,972 | +13.0% |
| Income taxes | 67/77 | €3,250 | €5,000 | +€1,750 | +53.8% |
| Profit (loss) for the period | 9904 | €11,912 | €12,134 | +€222 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,912 | €12,134 | +€222 | +1.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.