Macrus: 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.
Macrus
Largest movements
- Cash +€43,504
up €43,504 (+44.5%), from €97,870 to €141,374
mainly Other debts (+€397,475) and Net result for the year (+€49,858)
- Tangible fixed assets -€36,439
down €36,439 (-24.0%), from €151,867 to €115,428
of which Furniture and vehicles: -€30,391
- Current investments +€25,000
up €25,000 (+14.3%), from €175,000 to €200,000
- Receivables within one year -€7,662
down €7,662 (-22.3%), from €34,282 to €26,620
- Other debts +€397,475
up €397,475 (+11454.0%), from €3,470 to €400,945
- Profit (loss) carried forward -€350,142
down €350,142 (-83.1%), from €421,174 to €71,032
- Tax, wage and social debts -€20,239
down €20,239 (-67.0%), from €30,187 to €9,948
- Gross operating margin -€33,673
down €33,673 (-25.0%), from €134,952 to €101,279
- Depreciation +€6,028
up €6,028 (+19.8%), from €30,411 to €36,439
- Taxes -€5,585
down €5,585 (-23.8%), from €23,442 to €17,857
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 | €459,240 | €485,266 | +€26,025 | +5.7% |
| Fixed assets | 21/28 | €151,867 | €115,428 | -€36,439 | -24.0% |
| Tangible fixed assets | 22/27 | €151,867 | €115,428 | -€36,439 | -24.0% |
| Plant, machinery and equipment | 23 | €6,066 | €4,834 | -€1,232 | -20.3% |
| Furniture and vehicles | 24 | €111,327 | €80,935 | -€30,391 | -27.3% |
| Other tangible fixed assets | 26 | €34,475 | €29,659 | -€4,816 | -14.0% |
| Current assets | 29/58 | €307,373 | €369,837 | +€62,464 | +20.3% |
| Amounts receivable within one year | 40/41 | €34,282 | €26,620 | -€7,662 | -22.3% |
| Trade receivables | 40 | €34,282 | €26,620 | -€7,662 | -22.3% |
| Current investments | 50/53 | €175,000 | €200,000 | +€25,000 | +14.3% |
| Cash at bank and in hand | 54/58 | €97,870 | €141,374 | +€43,504 | +44.5% |
| Deferred charges and accrued income | 490/1 | €221 | €1,843 | +€1,622 | +732.8% |
| Total equity and liabilities | 10/49 | €459,240 | €485,266 | +€26,025 | +5.7% |
| Equity | 10/15 | €423,674 | €73,532 | -€350,142 | -82.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €421,174 | €71,032 | -€350,142 | -83.1% |
| Amounts payable | 17/49 | €35,567 | €411,734 | +€376,167 | +1057.6% |
| Amounts payable within one year | 42/48 | €35,567 | €411,734 | +€376,167 | +1057.6% |
| Trade debts | 44 | €1,909 | €841 | -€1,068 | -56.0% |
| Suppliers | 440/4 | €1,909 | €841 | -€1,068 | -56.0% |
| Taxes, remuneration and social security | 45 | €30,187 | €9,948 | -€20,239 | -67.0% |
| Taxes | 450/3 | €30,187 | €9,948 | -€20,239 | -67.0% |
| Other amounts payable | 47/48 | €3,470 | €400,945 | +€397,475 | +11454.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,411 | €36,439 | +€6,028 | +19.8% |
| Other operating charges | 640/8 | €547 | €1,393 | +€846 | +154.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €134,952 | €101,279 | -€33,673 | -25.0% |
| Operating profit (loss) | 9901 | €103,993 | €63,446 | -€40,547 | -39.0% |
| Financial income | 75/76B | €5,389 | €4,467 | -€922 | -17.1% |
| Recurring financial income | 75 | €5,389 | €4,467 | -€922 | -17.1% |
| Financial charges | 65/66B | €135 | €198 | +€63 | +46.5% |
| Recurring financial charges | 65 | €135 | €198 | +€63 | +46.5% |
| Profit (loss) for the period before taxes | 9903 | €109,247 | €67,715 | -€41,531 | -38.0% |
| Income taxes | 67/77 | €23,442 | €17,857 | -€5,585 | -23.8% |
| Profit (loss) for the period | 9904 | €85,804 | €49,858 | -€35,946 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €85,804 | €49,858 | -€35,946 | -41.9% |
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 11 October 2026 via checked.be.