MACRIPACK: 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.
MACRIPACK
Largest movements
- Tangible fixed assets -€15,517
down €15,517 (-10.1%), from €152,887 to €137,370
- Stocks and contracts +€11,860
up €11,860 (+29.4%), from €40,381 to €52,240
- Cash -€6,716
down €6,716 (-11.1%), from €60,518 to €53,802
mainly Debts after one year (-€17,703) and Stocks and contracts (-€11,860)
- Trade debts +€26,286
up €26,286 (+17.4%), from €151,435 to €177,721
- Debts after one year -€17,703
down €17,703 (-78.1%), from €22,660 to €4,958
- Tax, wage and social debts -€7,036
down €7,036 (-28.6%), from €24,591 to €17,556
- Other debts -€5,484
down €5,484 (-11.9%), from €45,895 to €40,411
- Gross operating margin -€33,829
down €33,829 (-56.5%), from €59,844 to €26,015
- Taxes -€7,346
down €7,346 (-78.6%), from €9,346 to €2,000
- Financial charges -€3,624
down €3,624 (-64.1%), from €5,654 to €2,030
- Other operating charges -€1,962
down €1,962 (-44.3%), from €4,425 to €2,463
- Depreciation -€815
down €815 (-5.0%), from €16,332 to €15,517
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 | €452,850 | €446,740 | -€6,110 | -1.3% |
| Fixed assets | 21/28 | €154,837 | €137,370 | -€17,467 | -11.3% |
| Tangible fixed assets | 22/27 | €152,887 | €137,370 | -€15,517 | -10.1% |
| Land and buildings | 22 | €131,442 | €127,036 | -€4,406 | -3.4% |
| Plant, machinery and equipment | 23 | €12,768 | €7,609 | -€5,160 | -40.4% |
| Furniture and vehicles | 24 | €8,677 | €2,726 | -€5,952 | -68.6% |
| Financial fixed assets | 28 | €1,950 | - | -€1,950 | |
| Current assets | 29/58 | €298,013 | €309,369 | +€11,357 | +3.8% |
| Amounts receivable after more than one year | 29 | - | €1,950 | +€1,950 | |
| Other amounts receivable | 291 | - | €1,950 | +€1,950 | |
| Stocks and contracts in progress | 3 | €40,381 | €52,240 | +€11,860 | +29.4% |
| Stocks | 30/36 | €40,381 | €52,240 | +€11,860 | +29.4% |
| Amounts receivable within one year | 40/41 | €197,114 | €201,377 | +€4,263 | +2.2% |
| Trade receivables | 40 | €197,114 | €200,907 | +€3,793 | +1.9% |
| Other amounts receivable | 41 | - | €470 | +€470 | |
| Cash at bank and in hand | 54/58 | €60,518 | €53,802 | -€6,716 | -11.1% |
| Total equity and liabilities | 10/49 | €452,850 | €446,740 | -€6,110 | -1.3% |
| Equity | 10/15 | €187,374 | €187,897 | +€523 | +0.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Contributions outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Share premium | 1100/10 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €157,374 | €157,897 | +€523 | +0.3% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €154,374 | €154,897 | +€523 | +0.3% |
| Amounts payable | 17/49 | €265,476 | €258,843 | -€6,633 | -2.5% |
| Amounts payable after more than one year | 17 | €22,660 | €4,958 | -€17,703 | -78.1% |
| Financial debts | 170/4 | €22,660 | €4,958 | -€17,703 | -78.1% |
| Amounts payable within one year | 42/48 | €242,816 | €253,885 | +€11,070 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €20,894 | €18,197 | -€2,697 | -12.9% |
| Trade debts | 44 | €151,435 | €177,721 | +€26,286 | +17.4% |
| Suppliers | 440/4 | €151,435 | €177,721 | +€26,286 | +17.4% |
| Taxes, remuneration and social security | 45 | €24,591 | €17,556 | -€7,036 | -28.6% |
| Taxes | 450/3 | €24,591 | €17,556 | -€7,036 | -28.6% |
| Other amounts payable | 47/48 | €45,895 | €40,411 | -€5,484 | -11.9% |
| Non-recurring operating income | 76A | €1,799 | €1,904 | +€105 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,332 | €15,517 | -€815 | -5.0% |
| Other operating charges | 640/8 | €4,425 | €2,463 | -€1,962 | -44.3% |
| Gross operating margin | 9900 | €59,844 | €26,015 | -€33,829 | -56.5% |
| Operating profit (loss) | 9901 | €39,087 | €8,035 | -€31,052 | -79.4% |
| Financial income | 75/76B | €1 | €18 | +€16 | +1,099% |
| Recurring financial income | 75 | €1 | €18 | +€16 | +1,099% |
| Financial charges | 65/66B | €5,654 | €2,030 | -€3,624 | -64.1% |
| Recurring financial charges | 65 | €5,654 | €2,030 | -€3,624 | -64.1% |
| Profit (loss) for the period before taxes | 9903 | €33,434 | €6,023 | -€27,411 | -82.0% |
| Income taxes | 67/77 | €9,346 | €2,000 | -€7,346 | -78.6% |
| Profit (loss) for the period | 9904 | €24,088 | €4,023 | -€20,065 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,088 | €4,023 | -€20,065 | -83.3% |
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 15 October 2026 via checked.be.