MACS Management: 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.
MACS Management
Largest movements
- Receivables within one year +€7,694
up €7,694 (+21.3%), from €36,088 to €43,782
of which Trade receivables: +€4,090
- Cash +€5,639
new in 2025: €5,639
mainly Net result for the year (+€14,399) and Tax, wage and social debts (+€4,631)
- Deferred charges and accrued income -€513
down €513 (-88.6%), from €578 to €66
- Reserves +€14,399
up €14,399 (+134.8%), from €10,678 to €25,076
- Tax, wage and social debts +€4,631
up €4,631 (+27.8%), from €16,646 to €21,278
of which Taxes: +€9,431
- Short-term financial debts -€4,045
down €4,045 (-100.0%), from €4,045 to €0
- Trade debts -€2,628
down €2,628 (-58.3%), from €4,510 to €1,882
- Gross operating margin +€8,765
up €8,765 (+47.7%), from €18,380 to €27,145
- Financial charges +€2,606
up €2,606 (+91.0%), from €2,864 to €5,470
- Taxes +€2,546
up €2,546 (+60.4%), from €4,211 to €6,757
- Financial income +€673
up €673 (+95.4%), from €705 to €1,378
- Depreciation +€286
up €286 (+160.7%), from €178 to €464
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 | €37,879 | €50,236 | +€12,357 | +32.6% |
| Fixed assets | 21/28 | €1,213 | €749 | -€464 | -38.2% |
| Tangible fixed assets | 22/27 | €1,213 | €749 | -€464 | -38.2% |
| Plant, machinery and equipment | 23 | €1,213 | €749 | -€464 | -38.2% |
| Current assets | 29/58 | €36,666 | €49,487 | +€12,821 | +35.0% |
| Amounts receivable within one year | 40/41 | €36,088 | €43,782 | +€7,694 | +21.3% |
| Trade receivables | 40 | €10,938 | €15,028 | +€4,090 | +37.4% |
| Other amounts receivable | 41 | €25,149 | €28,754 | +€3,604 | +14.3% |
| Cash at bank and in hand | 54/58 | - | €5,639 | +€5,639 | |
| Deferred charges and accrued income | 490/1 | €578 | €66 | -€513 | -88.6% |
| Total equity and liabilities | 10/49 | €37,879 | €50,236 | +€12,357 | +32.6% |
| Equity | 10/15 | €12,678 | €27,076 | +€14,399 | +113.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,678 | €25,076 | +€14,399 | +134.8% |
| Distributable reserves | 133 | €10,678 | €25,076 | +€14,399 | +134.8% |
| Amounts payable | 17/49 | €25,201 | €23,160 | -€2,042 | -8.1% |
| Amounts payable within one year | 42/48 | €25,201 | €23,160 | -€2,042 | -8.1% |
| Financial debts | 43 | €4,045 | €0 | -€4,045 | -100.0% |
| Credit institutions | 430/8 | €4,045 | €0 | -€4,045 | -100.0% |
| Trade debts | 44 | €4,510 | €1,882 | -€2,628 | -58.3% |
| Suppliers | 440/4 | €4,510 | €1,882 | -€2,628 | -58.3% |
| Taxes, remuneration and social security | 45 | €16,646 | €21,278 | +€4,631 | +27.8% |
| Taxes | 450/3 | €11,846 | €21,278 | +€9,431 | +79.6% |
| Remuneration and social security | 454/9 | €4,800 | €0 | -€4,800 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178 | €464 | +€286 | +160.7% |
| Other operating charges | 640/8 | €1,155 | €1,434 | +€279 | +24.2% |
| Gross operating margin | 9900 | €18,380 | €27,145 | +€8,765 | +47.7% |
| Operating profit (loss) | 9901 | €17,047 | €25,247 | +€8,200 | +48.1% |
| Financial income | 75/76B | €705 | €1,378 | +€673 | +95.4% |
| Recurring financial income | 75 | €705 | €1,378 | +€673 | +95.4% |
| Financial charges | 65/66B | €2,864 | €5,470 | +€2,606 | +91.0% |
| Recurring financial charges | 65 | €2,864 | €5,470 | +€2,606 | +91.0% |
| Profit (loss) for the period before taxes | 9903 | €14,889 | €21,156 | +€6,267 | +42.1% |
| Income taxes | 67/77 | €4,211 | €6,757 | +€2,546 | +60.4% |
| Profit (loss) for the period | 9904 | €10,678 | €14,399 | +€3,721 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,678 | €14,399 | +€3,721 | +34.8% |
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 12 October 2026 via checked.be.