MACRAIL.CO: what changed
MACRAIL.CO
Largest movements
- Current investments +€25,000
up €25,000 (+33.3%), from €75,000 to €100,000
- Receivables within one year +€20,325
up €20,325 (+144%), from €14,072 to €34,397
of which Trade receivables: +€12,536
- Cash -€3,007
down €3,007 (-4.9%), from €61,827 to €58,820
mainly Contributions, distributions and other (-€198,634) and Current investments (-€25,000)
- Other debts +€154,561
up €154,561 (+808%), from €19,140 to €173,701
- Profit (loss) carried forward -€109,255
down €109,255 (-100%), from €109,255 to €0
- Gross operating margin -€6,417
down €6,417 (-5.2%), from €122,850 to €116,433
- Taxes -€5,336
down €5,336 (-16.2%), from €32,898 to €27,562
- Financial income -€1,970
down €1,970 (-60.4%), from €3,261 to €1,291
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €155,274 | €197,169 | +€41,895 | +27.0% |
| Fixed assets | 21/28 | €4,375 | €3,952 | -€423 | -9.7% |
| Tangible fixed assets | 22/27 | €4,375 | €3,952 | -€423 | -9.7% |
| Furniture and vehicles | 24 | €4,375 | €3,952 | -€423 | -9.7% |
| Current assets | 29/58 | €150,899 | €193,217 | +€42,319 | +28.0% |
| Amounts receivable within one year | 40/41 | €14,072 | €34,397 | +€20,325 | +144% |
| Trade receivables | 40 | €14,036 | €26,572 | +€12,536 | +89.3% |
| Other amounts receivable | 41 | €36 | €7,826 | +€7,790 | +21,572% |
| Current investments | 50/53 | €75,000 | €100,000 | +€25,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €61,827 | €58,820 | -€3,007 | -4.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €155,274 | €197,169 | +€41,895 | +27.0% |
| Equity | 10/15 | €129,715 | €18,600 | -€111,115 | -85.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €1,860 | €0 | -€1,860 | -100% |
| Profit (loss) carried forward | 14 | €109,255 | €0 | -€109,255 | -100% |
| Amounts payable | 17/49 | €25,559 | €178,569 | +€153,010 | +599% |
| Amounts payable within one year | 42/48 | €25,559 | €178,569 | +€153,010 | +599% |
| Trade debts | 44 | €0 | €280 | +€280 | |
| Suppliers | 440/4 | €0 | €280 | +€280 | |
| Taxes, remuneration and social security | 45 | €6,420 | €4,589 | -€1,831 | -28.5% |
| Taxes | 450/3 | €6,420 | €4,589 | -€1,831 | -28.5% |
| Other amounts payable | 47/48 | €19,140 | €173,701 | +€154,561 | +808% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €721 | €1,332 | +€612 | +84.9% |
| Other operating charges | 640/8 | €511 | €916 | +€405 | +79.1% |
| Non-recurring operating charges | 66A | €90 | €0 | -€90 | -100% |
| Gross operating margin | 9900 | €122,850 | €116,433 | -€6,417 | -5.2% |
| Operating profit (loss) | 9901 | €121,528 | €114,186 | -€7,343 | -6.0% |
| Financial income | 75/76B | €3,261 | €1,291 | -€1,970 | -60.4% |
| Recurring financial income | 75 | €3,261 | €1,291 | -€1,970 | -60.4% |
| Financial charges | 65/66B | €420 | €396 | -€24 | -5.8% |
| Recurring financial charges | 65 | €420 | €396 | -€24 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €124,369 | €115,080 | -€9,289 | -7.5% |
| Income taxes | 67/77 | €32,898 | €27,562 | -€5,336 | -16.2% |
| Profit (loss) for the period | 9904 | €91,471 | €87,519 | -€3,952 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €91,471 | €87,519 | -€3,952 | -4.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.