Macsave: 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.
Macsave
Largest movements
- Tangible fixed assets +€30,470
up €30,470 (+13,918%), from €219 to €30,689
- Receivables within one year -€5,564
down €5,564 (-100.0%), from €5,565 to €2
of which Other amounts receivable: -€5,062
- Cash -€2,182
down €2,182 (-4.5%), from €48,815 to €46,633
mainly Investment in fixed assets (net) (-€31,908) and Deferred charges and accrued income (-€552)
- Reserves +€18,635
up €18,635 (+45.4%), from €41,071 to €59,706
- Tax, wage and social debts +€3,248
up €3,248 (+18.3%), from €17,702 to €20,949
- Other debts +€1,923
new in 2025: €1,923
- Gross operating margin -€26,449
down €26,449 (-48.1%), from €54,942 to €28,492
- Taxes -€5,458
down €5,458 (-49.8%), from €10,963 to €5,504
- Depreciation +€1,328
up €1,328 (+1,198%), from €111 to €1,439
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 | €64,565 | €88,179 | +€23,614 | +36.6% |
| Fixed assets | 21/28 | €219 | €30,689 | +€30,470 | +13,918% |
| Tangible fixed assets | 22/27 | €219 | €30,689 | +€30,470 | +13,918% |
| Furniture and vehicles | 24 | €219 | €30,689 | +€30,470 | +13,918% |
| Current assets | 29/58 | €64,346 | €57,490 | -€6,855 | -10.7% |
| Stocks and contracts in progress | 3 | €9,787 | €10,126 | +€339 | +3.5% |
| Stocks | 30/36 | €9,787 | €10,126 | +€339 | +3.5% |
| Amounts receivable within one year | 40/41 | €5,565 | €2 | -€5,564 | -100.0% |
| Trade receivables | 40 | €501 | - | -€501 | |
| Other amounts receivable | 41 | €5,064 | €2 | -€5,062 | -100.0% |
| Cash at bank and in hand | 54/58 | €48,815 | €46,633 | -€2,182 | -4.5% |
| Deferred charges and accrued income | 490/1 | €178 | €730 | +€552 | +310% |
| Total equity and liabilities | 10/49 | €64,565 | €88,179 | +€23,614 | +36.6% |
| Equity | 10/15 | €46,071 | €64,706 | +€18,635 | +40.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €41,071 | €59,706 | +€18,635 | +45.4% |
| Distributable reserves | 133 | €41,071 | €59,706 | +€18,635 | +45.4% |
| Amounts payable | 17/49 | €18,493 | €23,473 | +€4,980 | +26.9% |
| Amounts payable within one year | 42/48 | €18,493 | €23,473 | +€4,980 | +26.9% |
| Trade debts | 44 | €792 | €601 | -€191 | -24.1% |
| Suppliers | 440/4 | €792 | €601 | -€191 | -24.1% |
| Taxes, remuneration and social security | 45 | €17,702 | €20,949 | +€3,248 | +18.3% |
| Taxes | 450/3 | €17,702 | €20,949 | +€3,248 | +18.3% |
| Other amounts payable | 47/48 | - | €1,923 | +€1,923 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111 | €1,439 | +€1,328 | +1,198% |
| Other operating charges | 640/8 | €2,649 | €2,640 | -€10 | -0.4% |
| Gross operating margin | 9900 | €54,942 | €28,492 | -€26,449 | -48.1% |
| Operating profit (loss) | 9901 | €52,181 | €24,414 | -€27,768 | -53.2% |
| Financial charges | 65/66B | €147 | €275 | +€127 | +86.2% |
| Recurring financial charges | 65 | €147 | €275 | +€127 | +86.2% |
| Profit (loss) for the period before taxes | 9903 | €52,034 | €24,139 | -€27,895 | -53.6% |
| Income taxes | 67/77 | €10,963 | €5,504 | -€5,458 | -49.8% |
| Profit (loss) for the period | 9904 | €41,071 | €18,635 | -€22,436 | -54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,071 | €18,635 | -€22,436 | -54.6% |
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 14 October 2026 via checked.be.