MACPER: what changed
Two fiscal 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.
MACPER
Largest movements
- Tangible fixed assets -€20,260
down €20,260 (-5.2%), from €386,157 to €365,897
of which Land and buildings: -€13,315
- Cash -€17,244
down €17,244 (-25.8%), from €66,941 to €49,698
mainly Contributions, distributions and other (-€40,725) and Other debts (-€31,667)
- Other debts -€31,667
down €31,667 (-21.3%), from €148,463 to €116,796
- Reserves -€9,462
down €9,462 (-3.6%), from €265,273 to €255,811
of which Distributable reserves: -€9,462
- Accrued charges and deferred income +€7,701
up €7,701 (+75.0%), from €10,271 to €17,972
- Gross operating margin -€15,124
down €15,124 (-15.4%), from €98,452 to €83,329
- Taxes -€3,546
down €3,546 (-20.4%), from €17,397 to €13,851
- Depreciation +€1,861
up €1,861 (+7.3%), from €25,445 to €27,307
- Financial charges -€1,612
down €1,612 (-16.9%), from €9,542 to €7,930
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.
Cash bridge derived
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 | €599,374 | €562,882 | -€36,493 | -6.1% |
| Fixed assets | 21/28 | €386,157 | €365,897 | -€20,260 | -5.2% |
| Tangible fixed assets | 22/27 | €386,157 | €365,897 | -€20,260 | -5.2% |
| Land and buildings | 22 | €362,784 | €349,469 | -€13,315 | -3.7% |
| Furniture and vehicles | 24 | €23,373 | €16,427 | -€6,945 | -29.7% |
| Current assets | 29/58 | €213,217 | €196,985 | -€16,232 | -7.6% |
| Amounts receivable within one year | 40/41 | €14,375 | €14,986 | +€611 | +4.2% |
| Trade receivables | 40 | €14,375 | €14,986 | +€611 | +4.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €129,589 | €129,589 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €66,941 | €49,698 | -€17,244 | -25.8% |
| Deferred charges and accrued income | 490/1 | €2,312 | €2,713 | +€401 | +17.3% |
| Total equity and liabilities | 10/49 | €599,374 | €562,882 | -€36,493 | -6.1% |
| Equity | 10/15 | €405,273 | €395,811 | -€9,462 | -2.3% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €265,273 | €255,811 | -€9,462 | -3.6% |
| Non-distributable reserves | 130/1 | €14,000 | €14,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €251,273 | €241,811 | -€9,462 | -3.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €194,102 | €167,071 | -€27,031 | -13.9% |
| Amounts payable after more than one year | 17 | €9,650 | €4,863 | -€4,787 | -49.6% |
| Financial debts | 170/4 | €9,650 | €4,863 | -€4,787 | -49.6% |
| Amounts payable within one year | 42/48 | €174,181 | €144,236 | -€29,945 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €4,711 | €4,787 | +€75 | +1.6% |
| Trade debts | 44 | €4,008 | €210 | -€3,798 | -94.8% |
| Suppliers | 440/4 | €4,008 | €210 | -€3,798 | -94.8% |
| Taxes, remuneration and social security | 45 | €16,998 | €22,443 | +€5,444 | +32.0% |
| Taxes | 450/3 | €16,998 | €22,443 | +€5,444 | +32.0% |
| Other amounts payable | 47/48 | €148,463 | €116,796 | -€31,667 | -21.3% |
| Accrued charges and deferred income | 492/3 | €10,271 | €17,972 | +€7,701 | +75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,445 | €27,307 | +€1,861 | +7.3% |
| Other operating charges | 640/8 | €3,231 | €3,911 | +€680 | +21.1% |
| Gross operating margin | 9900 | €98,452 | €83,329 | -€15,124 | -15.4% |
| Operating profit (loss) | 9901 | €69,776 | €52,111 | -€17,665 | -25.3% |
| Financial income | 75/76B | €343 | €933 | +€590 | +172.0% |
| Recurring financial income | 75 | €343 | €933 | +€590 | +172.0% |
| Financial charges | 65/66B | €9,542 | €7,930 | -€1,612 | -16.9% |
| Recurring financial charges | 65 | €9,542 | €7,930 | -€1,612 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €60,578 | €45,114 | -€15,464 | -25.5% |
| Income taxes | 67/77 | €17,397 | €13,851 | -€3,546 | -20.4% |
| Profit (loss) for the period | 9904 | €43,181 | €31,263 | -€11,918 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,181 | €31,263 | -€11,918 | -27.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.