MACSONS: 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.
What changed
MACSONS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€857,729
2024 · -€189,926+€1.0m
Equity
€75.3m
2024 · €74.5m+€857,729
Cash
€471,845
2024 · €132,714+€339,131
Balance sheet total
€80.4m
2024 · €79.4m+€1.0m
Largest movements
Assets
- Receivables within one year +€1.2m
up €1.2m (+431%), from €272,801 to €1.4m
of which Other amounts receivable: +€1.2m
Equity and liabilities
- Profit (loss) carried forward +€857,729
up €857,729 (+33.9%), from -€2.5m to -€1.7m
Income statement
- Financial income +€1.2m
up €1.2m (+572,859%), from €204 to €1.2m
- Gross operating margin -€137,631
down €137,631 (-91.6%), from €150,211 to €12,580
- Other operating charges -€24,028
down €24,028 (-46.3%), from €51,866 to €27,838
- Depreciation +€6,061
up €6,061 (+2.6%), from €230,097 to €236,157
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.
Result 2024
-€189,926
Gross operating margin
-€137,631
Depreciation
-€6,061
Other operating charges
+€24,028
Financial income
+€1.2m
Financial charges
-€887
Taxes
-€256
Result 2025
€857,729
raises the resultlowers the result
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.
From operations
+€29,949
Investment
+€268,007
Financing
+€41,176
Cash 2024
€132,714
From operations (derived)
+€29,949
Net result for the year
+€857,729
Depreciation
+€236,157
Receivables within one year
-€1.2m
Smaller working-capital items
+€2,487
Trade debts
-€11,468
Other debts
+€99,417
Accrued charges and deferred income
+€21,647
Investment (derived)
+€268,007
Investment in fixed assets (net)
+€18,007
Current investments
+€250,000
Financing
+€41,176
Debts after one year
+€41,176
Cash 2025
€471,845
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,354,674 | €80,365,893 | +€1.0m | +1.3% |
| Fixed assets | 21/28 | €78,692,612 | €78,438,448 | -€254,164 | -0.3% |
| Tangible fixed assets | 22/27 | €4,054,192 | €3,800,028 | -€254,164 | -6.3% |
| Land and buildings | 22 | €3,632,208 | €3,456,320 | -€175,888 | -4.8% |
| Plant, machinery and equipment | 23 | €300,688 | €251,872 | -€48,817 | -16.2% |
| Furniture and vehicles | 24 | €121,296 | €91,836 | -€29,460 | -24.3% |
| Financial fixed assets | 28 | €74,638,420 | €74,638,420 | = | 0.0% |
| Current assets | 29/58 | €662,062 | €1,927,446 | +€1.3m | +191% |
| Amounts receivable within one year | 40/41 | €272,801 | €1,448,822 | +€1.2m | +431% |
| Trade receivables | 40 | €16,298 | €3,193 | -€13,105 | -80.4% |
| Other amounts receivable | 41 | €256,503 | €1,445,628 | +€1.2m | +464% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €132,714 | €471,845 | +€339,131 | +256% |
| Deferred charges and accrued income | 490/1 | €6,546 | €6,779 | +€233 | +3.6% |
| Total equity and liabilities | 10/49 | €79,354,674 | €80,365,893 | +€1.0m | +1.3% |
| Equity | 10/15 | €74,478,129 | €75,335,858 | +€857,729 | +1.2% |
| Contributions | 10/11 | €75,482,105 | €75,482,105 | = | 0.0% |
| Capital | 10 | €75,482,105 | €75,482,105 | = | 0.0% |
| Issued capital | 100 | €75,482,105 | €75,482,105 | = | 0.0% |
| Revaluation surpluses | 12 | €1,231,955 | €1,200,985 | -€30,970 | -2.5% |
| Reserves | 13 | €294,634 | €325,604 | +€30,970 | +10.5% |
| Non-distributable reserves | 130/1 | €34,400 | €34,400 | = | 0.0% |
| Legal reserve | 130 | €34,400 | €34,400 | = | 0.0% |
| Distributable reserves | 133 | €260,234 | €291,204 | +€30,970 | +11.9% |
| Profit (loss) carried forward | 14 | -€2,530,565 | -€1,672,836 | +€857,729 | +33.9% |
| Amounts payable | 17/49 | €4,876,544 | €5,030,035 | +€153,491 | +3.1% |
| Amounts payable after more than one year | 17 | €4,206,718 | €4,247,893 | +€41,176 | +1.0% |
| Financial debts | 170/4 | €4,206,718 | €4,247,893 | +€41,176 | +1.0% |
| Amounts payable within one year | 42/48 | €669,826 | €760,495 | +€90,669 | +13.5% |
| Trade debts | 44 | €19,766 | €8,298 | -€11,468 | -58.0% |
| Suppliers | 440/4 | €19,766 | €8,298 | -€11,468 | -58.0% |
| Taxes, remuneration and social security | 45 | €3,593 | €6,312 | +€2,720 | +75.7% |
| Taxes | 450/3 | €603 | €3,323 | +€2,720 | +451% |
| Remuneration and social security | 454/9 | €2,990 | €2,990 | = | 0.0% |
| Other amounts payable | 47/48 | €646,468 | €745,885 | +€99,417 | +15.4% |
| Accrued charges and deferred income | 492/3 | - | €21,647 | +€21,647 | |
| Non-recurring operating income | 76A | €149,326 | - | -€149,326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230,097 | €236,157 | +€6,061 | +2.6% |
| Other operating charges | 640/8 | €51,866 | €27,838 | -€24,028 | -46.3% |
| Gross operating margin | 9900 | €150,211 | €12,580 | -€137,631 | -91.6% |
| Operating profit (loss) | 9901 | -€131,752 | -€251,415 | -€119,663 | -90.8% |
| Financial income | 75/76B | €204 | €1,168,665 | +€1.2m | +572,859% |
| Recurring financial income | 75 | €204 | €1,168,665 | +€1.2m | +572,859% |
| Financial charges | 65/66B | €58,067 | €58,953 | +€887 | +1.5% |
| Recurring financial charges | 65 | €58,067 | €58,953 | +€887 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€189,615 | €858,296 | +€1.0m | |
| Income taxes | 67/77 | €312 | €567 | +€256 | +82.0% |
| Profit (loss) for the period | 9904 | -€189,926 | €857,729 | +€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€189,926 | €857,729 | +€1.0m |
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 19 October 2026 via checked.be.