MACROPOL: 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.
MACROPOL
Largest movements
- Receivables within one year -€45,162
down €45,162 (-40.7%), from €110,971 to €65,809
of which Trade receivables: -€45,216
- Tangible fixed assets +€20,811
up €20,811 (+3.3%), from €635,788 to €656,600
of which Furniture and vehicles: +€57,370
- Cash +€11,349
up €11,349 (+9.6%), from €117,947 to €129,296
mainly Depreciation (+€92,222) and Net result for the year (+€83,822)
- Other debts +€42,593
up €42,593 (+73.1%), from €58,288 to €100,880
- Debts after one year -€23,957
down €23,957 (-54.9%), from €43,640 to €19,683
- Tax, wage and social debts -€22,389
down €22,389 (-55.9%), from €40,046 to €17,657
of which Taxes: -€18,140
- Current portion of long-term debt -€11,620
down €11,620 (-31.6%), from €36,802 to €25,182
- Staff costs -€44,683
down €44,683 (-34.6%), from €129,263 to €84,580
- Gross operating margin -€41,039
down €41,039 (-11.8%), from €349,035 to €307,996
- Write-downs -€8,480
down €8,480, from €4,240 to -€4,240
- Financial charges -€7,704
down €7,704 (-45.9%), from €16,784 to €9,080
- Taxes +€4,482
up €4,482 (+14.6%), from €30,596 to €35,078
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 | €876,284 | €866,060 | -€10,224 | -1.2% |
| Fixed assets | 21/28 | €636,041 | €656,713 | +€20,671 | +3.3% |
| Tangible fixed assets | 22/27 | €635,788 | €656,600 | +€20,811 | +3.3% |
| Land and buildings | 22 | €252,000 | €246,063 | -€5,937 | -2.4% |
| Plant, machinery and equipment | 23 | €86,403 | €65,731 | -€20,672 | -23.9% |
| Furniture and vehicles | 24 | €170,492 | €227,861 | +€57,370 | +33.6% |
| Other tangible fixed assets | 26 | €126,894 | €116,944 | -€9,949 | -7.8% |
| Financial fixed assets | 28 | €253 | €113 | -€140 | -55.3% |
| Current assets | 29/58 | €240,243 | €209,347 | -€30,896 | -12.9% |
| Stocks and contracts in progress | 3 | €6,581 | €8,669 | +€2,088 | +31.7% |
| Stocks | 30/36 | €6,581 | €8,669 | +€2,088 | +31.7% |
| Amounts receivable within one year | 40/41 | €110,971 | €65,809 | -€45,162 | -40.7% |
| Trade receivables | 40 | €106,580 | €61,364 | -€45,216 | -42.4% |
| Other amounts receivable | 41 | €4,392 | €4,445 | +€53 | +1.2% |
| Cash at bank and in hand | 54/58 | €117,947 | €129,296 | +€11,349 | +9.6% |
| Deferred charges and accrued income | 490/1 | €4,743 | €5,572 | +€829 | +17.5% |
| Total equity and liabilities | 10/49 | €876,284 | €866,060 | -€10,224 | -1.2% |
| Equity | 10/15 | €616,916 | €621,982 | +€5,066 | +0.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €598,144 | €603,390 | +€5,246 | +0.9% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €579,394 | €584,640 | +€5,246 | +0.9% |
| Profit (loss) carried forward | 14 | €180 | - | -€180 | |
| Amounts payable | 17/49 | €259,368 | €244,078 | -€15,290 | -5.9% |
| Amounts payable after more than one year | 17 | €43,640 | €19,683 | -€23,957 | -54.9% |
| Financial debts | 170/4 | €43,640 | €19,683 | -€23,957 | -54.9% |
| Amounts payable within one year | 42/48 | €208,894 | €217,668 | +€8,774 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €36,802 | €25,182 | -€11,620 | -31.6% |
| Trade debts | 44 | €59,358 | €67,663 | +€8,305 | +14.0% |
| Suppliers | 440/4 | €59,358 | €67,663 | +€8,305 | +14.0% |
| Advances received on contracts in progress | 46 | €14,400 | €6,285 | -€8,115 | -56.4% |
| Taxes, remuneration and social security | 45 | €40,046 | €17,657 | -€22,389 | -55.9% |
| Taxes | 450/3 | €29,570 | €11,429 | -€18,140 | -61.3% |
| Remuneration and social security | 454/9 | €10,476 | €6,228 | -€4,249 | -40.6% |
| Other amounts payable | 47/48 | €58,288 | €100,880 | +€42,593 | +73.1% |
| Accrued charges and deferred income | 492/3 | €6,833 | €6,727 | -€107 | -1.6% |
| Non-recurring operating income | 76A | €415 | €42,975 | +€42,560 | +10,248% |
| Remuneration, social security and pensions | 62 | €129,263 | €84,580 | -€44,683 | -34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,609 | €92,222 | -€387 | -0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,240 | -€4,240 | -€8,480 | |
| Other operating charges | 640/8 | €5,413 | €6,911 | +€1,498 | +27.7% |
| Non-recurring operating charges | 66A | €11 | €583 | +€572 | +5,174% |
| Gross operating margin | 9900 | €349,035 | €307,996 | -€41,039 | -11.8% |
| Operating profit (loss) | 9901 | €117,499 | €127,939 | +€10,440 | +8.9% |
| Financial income | 75/76B | €629 | €40 | -€589 | -93.6% |
| Recurring financial income | 75 | €629 | €40 | -€589 | -93.6% |
| Financial charges | 65/66B | €16,784 | €9,080 | -€7,704 | -45.9% |
| Recurring financial charges | 65 | €16,784 | €9,080 | -€7,704 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €101,344 | €118,900 | +€17,556 | +17.3% |
| Income taxes | 67/77 | €30,596 | €35,078 | +€4,482 | +14.6% |
| Profit (loss) for the period | 9904 | €70,749 | €83,822 | +€13,074 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,749 | €83,822 | +€13,074 | +18.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.