MACROSOFT: 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.
MACROSOFT
Largest movements
- Cash +€23,415
up €23,415 (+22.8%), from €102,905 to €126,320
mainly Net result for the year (+€35,554) and Depreciation (+€17,099)
- Tangible fixed assets -€16,350
down €16,350 (-5.8%), from €282,659 to €266,309
of which Land and buildings: -€15,770
- Current investments +€12,035
up €12,035 (+88.6%), from €13,578 to €25,613
- Reserves +€20,983
up €20,983 (+18.6%), from €112,885 to €133,867
- Debts after one year -€18,955
down €18,955 (-8.5%), from €222,080 to €203,126
- Profit (loss) carried forward +€14,571
no longer reported in 2025 (was -€14,571)
- Other debts +€7,746
up €7,746 (+19.8%), from €39,090 to €46,836
- Gross operating margin +€29,511
up €29,511 (+97.2%), from €30,353 to €59,864
- Financial charges -€12,031
down €12,031 (-85.1%), from €14,131 to €2,100
- Taxes +€5,565
up €5,565 (+10,945%), from €51 to €5,616
- Depreciation +€2,206
up €2,206 (+14.8%), from €14,892 to €17,099
- Financial income +€1,588
up €1,588 (+180%), from €884 to €2,472
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 | €413,779 | €432,933 | +€19,153 | +4.6% |
| Fixed assets | 21/28 | €282,659 | €266,309 | -€16,350 | -5.8% |
| Tangible fixed assets | 22/27 | €282,659 | €266,309 | -€16,350 | -5.8% |
| Land and buildings | 22 | €280,255 | €264,485 | -€15,770 | -5.6% |
| Furniture and vehicles | 24 | €2,403 | €1,824 | -€579 | -24.1% |
| Current assets | 29/58 | €131,121 | €166,624 | +€35,503 | +27.1% |
| Amounts receivable within one year | 40/41 | €13,300 | €11,991 | -€1,308 | -9.8% |
| Trade receivables | 40 | €9,287 | €11,991 | +€2,705 | +29.1% |
| Other amounts receivable | 41 | €4,013 | - | -€4,013 | |
| Current investments | 50/53 | €13,578 | €25,613 | +€12,035 | +88.6% |
| Cash at bank and in hand | 54/58 | €102,905 | €126,320 | +€23,415 | +22.8% |
| Deferred charges and accrued income | 490/1 | €1,338 | €2,699 | +€1,361 | +102% |
| Total equity and liabilities | 10/49 | €413,779 | €432,933 | +€19,153 | +4.6% |
| Equity | 10/15 | €116,914 | €152,467 | +€35,554 | +30.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,885 | €133,867 | +€20,983 | +18.6% |
| Distributable reserves | 133 | €112,885 | €133,867 | +€20,983 | +18.6% |
| Profit (loss) carried forward | 14 | -€14,571 | - | +€14,571 | |
| Amounts payable | 17/49 | €296,866 | €280,465 | -€16,400 | -5.5% |
| Amounts payable after more than one year | 17 | €222,080 | €203,126 | -€18,955 | -8.5% |
| Financial debts | 170/4 | €222,080 | €203,126 | -€18,955 | -8.5% |
| Amounts payable within one year | 42/48 | €65,378 | €68,942 | +€3,564 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €18,246 | €18,955 | +€708 | +3.9% |
| Financial debts | 43 | - | €857 | +€857 | |
| Credit institutions | 430/8 | - | €857 | +€857 | |
| Trade debts | 44 | €2,680 | €708 | -€1,971 | -73.6% |
| Suppliers | 440/4 | €2,680 | €708 | -€1,971 | -73.6% |
| Taxes, remuneration and social security | 45 | €5,362 | €1,586 | -€3,776 | -70.4% |
| Taxes | 450/3 | €5,362 | €1,586 | -€3,776 | -70.4% |
| Other amounts payable | 47/48 | €39,090 | €46,836 | +€7,746 | +19.8% |
| Accrued charges and deferred income | 492/3 | €9,408 | €8,398 | -€1,010 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,892 | €17,099 | +€2,206 | +14.8% |
| Other operating charges | 640/8 | €1,999 | €1,967 | -€32 | -1.6% |
| Gross operating margin | 9900 | €30,353 | €59,864 | +€29,511 | +97.2% |
| Operating profit (loss) | 9901 | €13,462 | €40,798 | +€27,336 | +203% |
| Financial income | 75/76B | €884 | €2,472 | +€1,588 | +180% |
| Recurring financial income | 75 | €884 | €2,472 | +€1,588 | +180% |
| Financial charges | 65/66B | €14,131 | €2,100 | -€12,031 | -85.1% |
| Recurring financial charges | 65 | €14,131 | €2,100 | -€12,031 | -85.1% |
| Profit (loss) for the period before taxes | 9903 | €215 | €41,170 | +€40,955 | +19,077% |
| Income taxes | 67/77 | €51 | €5,616 | +€5,565 | +10,945% |
| Profit (loss) for the period | 9904 | €164 | €35,554 | +€35,390 | +21,602% |
| Profit (loss) for the period to be appropriated | 9905 | €164 | €35,554 | +€35,390 | +21,602% |
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 17 October 2026 via checked.be.