Macstream: 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.
Macstream
Largest movements
- Tangible fixed assets -€3,931
down €3,931 (-19.1%), from €20,632 to €16,701
of which Furniture and vehicles: -€2,466
- Receivables within one year +€2,189
up €2,189 (+2.2%), from €100,133 to €102,322
of which Other amounts receivable: +€6,156
- Reserves +€23,358
up €23,358 (+35.3%), from €66,237 to €89,595
of which Distributable reserves: +€23,358
- Current portion of long-term debt -€14,167
down €14,167 (-100%), from €14,167 to €0
- Trade debts -€7,942
down €7,942 (-64.6%), from €12,301 to €4,359
- Short-term financial debts -€2,342
down €2,342 (-47.0%), from €4,987 to €2,645
- Tax, wage and social debts -€1,607
down €1,607 (-13.0%), from €12,366 to €10,759
of which Taxes: -€1,220
- Gross operating margin +€6,498
up €6,498 (+16.8%), from €38,783 to €45,281
- Taxes +€5,006
up €5,006 (+110%), from €4,540 to €9,546
- Depreciation +€4,091
up €4,091 (+89.1%), from €4,591 to €8,682
- Financial charges -€3,633
down €3,633 (-61.2%), from €5,937 to €2,304
- Other operating charges -€988
down €988 (-41.5%), from €2,380 to €1,392
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,559 | €119,858 | -€2,700 | -2.2% |
| Fixed assets | 21/28 | €20,632 | €16,701 | -€3,931 | -19.1% |
| Tangible fixed assets | 22/27 | €20,632 | €16,701 | -€3,931 | -19.1% |
| Plant, machinery and equipment | 23 | €4,288 | €2,823 | -€1,465 | -34.2% |
| Furniture and vehicles | 24 | €16,344 | €13,878 | -€2,466 | -15.1% |
| Current assets | 29/58 | €101,927 | €103,157 | +€1,230 | +1.2% |
| Amounts receivable within one year | 40/41 | €100,133 | €102,322 | +€2,189 | +2.2% |
| Trade receivables | 40 | €10,978 | €7,011 | -€3,967 | -36.1% |
| Other amounts receivable | 41 | €89,154 | €95,311 | +€6,156 | +6.9% |
| Deferred charges and accrued income | 490/1 | €1,794 | €835 | -€959 | -53.4% |
| Total equity and liabilities | 10/49 | €122,559 | €119,858 | -€2,700 | -2.2% |
| Equity | 10/15 | €78,737 | €102,095 | +€23,358 | +29.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €66,237 | €89,595 | +€23,358 | +35.3% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €61,237 | €84,595 | +€23,358 | +38.1% |
| Amounts payable | 17/49 | €43,821 | €17,763 | -€26,058 | -59.5% |
| Amounts payable within one year | 42/48 | €43,821 | €17,763 | -€26,058 | -59.5% |
| Current portion of amounts payable after more than one year | 42 | €14,167 | €0 | -€14,167 | -100% |
| Financial debts | 43 | €4,987 | €2,645 | -€2,342 | -47.0% |
| Credit institutions | 430/8 | €4,987 | €2,645 | -€2,342 | -47.0% |
| Trade debts | 44 | €12,301 | €4,359 | -€7,942 | -64.6% |
| Suppliers | 440/4 | €12,301 | €4,359 | -€7,942 | -64.6% |
| Taxes, remuneration and social security | 45 | €12,366 | €10,759 | -€1,607 | -13.0% |
| Taxes | 450/3 | €9,766 | €8,546 | -€1,220 | -12.5% |
| Remuneration and social security | 454/9 | €2,600 | €2,213 | -€387 | -14.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €12,543 | €0 | -€12,543 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,591 | €8,682 | +€4,091 | +89.1% |
| Other operating charges | 640/8 | €2,380 | €1,392 | -€988 | -41.5% |
| Non-recurring operating charges | 66A | €5,404 | €0 | -€5,404 | -100% |
| Gross operating margin | 9900 | €38,783 | €45,281 | +€6,498 | +16.8% |
| Operating profit (loss) | 9901 | €26,409 | €35,208 | +€8,799 | +33.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €5,937 | €2,304 | -€3,633 | -61.2% |
| Recurring financial charges | 65 | €5,937 | €2,304 | -€3,633 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | €20,472 | €32,904 | +€12,432 | +60.7% |
| Income taxes | 67/77 | €4,540 | €9,546 | +€5,006 | +110% |
| Profit (loss) for the period | 9904 | €15,932 | €23,358 | +€7,426 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,932 | €23,358 | +€7,426 | +46.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.