MACSYS: 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
MACSYS
NACE 62.100, Computer programming
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€36.5m
2024 · €13.6m+€22.9m
Equity
€11.8m
2024 · €10.3m+€1.5m
Cash
€8.1m
2024 · €12.3m-€4.2m
Balance sheet total
€62.1m
2024 · €31.6m+€30.4m
Largest movements
Assets
- Receivables within one year +€27.9m
up €27.9m (+350.4%), from €8.0m to €35.9m
of which Trade receivables: +€28.9m
- Current investments +€6.5m
new in 2025: €6.5m
- Cash -€4.2m
down €4.2m (-34.5%), from €12.3m to €8.1m
mainly Contributions, distributions and other (-€35.0m) and Receivables within one year (-€27.9m)
Equity and liabilities
- Other debts +€20.4m
up €20.4m (+139.7%), from €14.6m to €35.0m
- Trade debts +€4.4m
up €4.4m (+121.5%), from €3.7m to €8.1m
- Tax, wage and social debts +€4.1m
up €4.1m (+182.6%), from €2.3m to €6.4m
of which Taxes: +€4.0m
- Reserves +€2.0m
up €2.0m (+23.3%), from €8.6m to €10.6m
of which Distributable reserves: +€2.0m
Income statement
- Turnover +€30.7m
up €30.7m (+52.8%), from €58.1m to €88.8m
- Taxes +€4.3m
up €4.3m (+194.9%), from €2.2m to €6.5m
of which Taxes: +€4.3m
- Goods and materials +€1.8m
up €1.8m (+5.8%), from €31.5m to €33.4m
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
€13.6m
Turnover
+€30.7m
Other operating income
+€8,654
Goods and materials
-€1.8m
Services and other goods
-€488,014
Staff costs
-€852,663
Depreciation
-€411,890
Other operating charges
+€466
Other operating items
+€67,890
Financial income
+€44,623
Financial charges
+€5,551
Taxes
-€4.3m
Result 2025
€36.5m
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.
From operations
+€41.4m
Investment
-€10.6m
Financing
-€35.0m
Cash 2024
€12.3m
From operations (derived)
+€41.4m
Net result for the year
+€36.5m
Depreciation
+€3.9m
Receivables within one year
-€27.9m
Smaller working-capital items
-€8,133
Trade debts
+€4.4m
Tax, wage and social debts
+€4.1m
Other debts
+€20.4m
Investment (derived)
-€10.6m
Investment in fixed assets (net)
-€4.1m
Current investments
-€6.5m
Financing
-€35.0m
Contributions, distributions and other
-€35.0m
Cash 2025
€8.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,648,959 | €62,081,790 | +€30.4m | +96.2% |
| Fixed assets | 21/28 | €10,482,911 | €10,714,544 | +€231,633 | +2.2% |
| Intangible fixed assets | 21 | €580,153 | €978,457 | +€398,303 | +68.7% |
| Tangible fixed assets | 22/27 | €9,697,257 | €9,530,587 | -€166,670 | -1.7% |
| Plant, machinery and equipment | 23 | €4,474,756 | €4,334,583 | -€140,174 | -3.1% |
| Furniture and vehicles | 24 | €4,125,707 | €4,531,492 | +€405,785 | +9.8% |
| Other tangible fixed assets | 26 | €897,996 | €664,512 | -€233,484 | -26.0% |
| Assets under construction and advance payments | 27 | €198,798 | - | -€198,798 | |
| Financial fixed assets | 28 | €205,500 | €205,500 | = | 0.0% |
| Affiliated companies | 280/1 | €199,970 | €199,970 | = | 0.0% |
| Participating interests | 280 | €199,970 | €199,970 | = | 0.0% |
| Other financial fixed assets | 284/8 | €5,530 | €5,530 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €5,530 | €5,530 | = | 0.0% |
| Current assets | 29/58 | €21,166,049 | €51,367,246 | +€30.2m | +142.7% |
| Amounts receivable within one year | 40/41 | €7,971,229 | €35,902,004 | +€27.9m | +350.4% |
| Trade receivables | 40 | €6,871,329 | €35,821,019 | +€28.9m | +421.3% |
| Other amounts receivable | 41 | €1,099,900 | €80,985 | -€1.0m | -92.6% |
| Current investments | 50/53 | - | €6,500,000 | +€6.5m | |
| Other investments | 51/53 | - | €6,500,000 | +€6.5m | |
| Cash at bank and in hand | 54/58 | €12,305,839 | €8,058,862 | -€4.2m | -34.5% |
| Deferred charges and accrued income | 490/1 | €888,981 | €906,380 | +€17,399 | +2.0% |
| Total equity and liabilities | 10/49 | €31,648,959 | €62,081,790 | +€30.4m | +96.2% |
| Equity | 10/15 | €10,290,235 | €11,766,618 | +€1.5m | +14.3% |
| Contributions | 10/11 | €743,681 | €743,681 | = | 0.0% |
| Capital | 10 | €743,681 | €743,681 | = | 0.0% |
| Issued capital | 100 | €743,681 | €743,681 | = | 0.0% |
| Reserves | 13 | €8,571,467 | €10,571,467 | +€2.0m | +23.3% |
| Non-distributable reserves | 130/1 | €74,368 | €74,368 | = | 0.0% |
| Legal reserve | 130 | €74,368 | €74,368 | = | 0.0% |
| Distributable reserves | 133 | €8,497,099 | €10,497,099 | +€2.0m | +23.5% |
| Profit (loss) carried forward | 14 | €975,087 | €451,471 | -€523,616 | -53.7% |
| Amounts payable | 17/49 | €21,358,725 | €50,315,172 | +€29.0m | +135.6% |
| Amounts payable within one year | 42/48 | €20,501,608 | €49,448,789 | +€28.9m | +141.2% |
| Trade debts | 44 | €3,650,511 | €8,087,028 | +€4.4m | +121.5% |
| Suppliers | 440/4 | €3,650,511 | €8,087,028 | +€4.4m | +121.5% |
| Taxes, remuneration and social security | 45 | €2,251,098 | €6,361,645 | +€4.1m | +182.6% |
| Taxes | 450/3 | €735,407 | €4,707,380 | +€4.0m | +540.1% |
| Remuneration and social security | 454/9 | €1,515,691 | €1,654,264 | +€138,574 | +9.1% |
| Other amounts payable | 47/48 | €14,600,000 | €35,000,116 | +€20.4m | +139.7% |
| Accrued charges and deferred income | 492/3 | €857,116 | €866,383 | +€9,266 | +1.1% |
| Operating income | 70/76A | €58,475,617 | €89,241,379 | +€30.8m | +52.6% |
| Turnover | 70 | €58,120,615 | €88,817,400 | +€30.7m | +52.8% |
| Other operating income | 74 | €274,755 | €283,410 | +€8,654 | +3.1% |
| Non-recurring operating income | 76A | €80,247 | €140,569 | +€60,322 | +75.2% |
| Operating charges | 60/66A | €43,073,702 | €46,660,432 | +€3.6m | +8.3% |
| Goods for resale, raw materials and consumables | 60 | €31,545,411 | €33,387,609 | +€1.8m | +5.8% |
| Purchases | 600/8 | €31,545,411 | €33,387,609 | +€1.8m | +5.8% |
| Services and other goods | 61 | €943,013 | €1,431,026 | +€488,014 | +51.8% |
| Remuneration, social security and pensions | 62 | €7,010,734 | €7,863,398 | +€852,663 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,492,733 | €3,904,623 | +€411,890 | +11.8% |
| Other operating charges | 640/8 | €27,293 | €26,826 | -€466 | -1.7% |
| Non-recurring operating charges | 66A | €54,518 | €46,950 | -€7,568 | -13.9% |
| Operating profit (loss) | 9901 | €15,401,916 | €42,580,946 | +€27.2m | +176.5% |
| Financial income | 75/76B | €399,591 | €444,214 | +€44,623 | +11.2% |
| Recurring financial income | 75 | €389,981 | €444,214 | +€54,233 | +13.9% |
| Income from financial fixed assets | 750 | €17,800 | €13,300 | -€4,500 | -25.3% |
| Income from current assets | 751 | €120,477 | €229,265 | +€108,788 | +90.3% |
| Other financial income | 752/9 | €251,705 | €201,649 | -€50,056 | -19.9% |
| Non-recurring financial income | 76B | €9,610 | - | -€9,610 | |
| Financial charges | 65/66B | €8,403 | €2,851 | -€5,551 | -66.1% |
| Recurring financial charges | 65 | €689 | €2,851 | +€2,163 | +314.0% |
| Debt charges | 650 | - | €2,122 | +€2,122 | |
| Other financial charges | 652/9 | €689 | €729 | +€41 | +5.9% |
| Non-recurring financial charges | 66B | €7,714 | - | -€7,714 | |
| Profit (loss) for the period before taxes | 9903 | €15,793,104 | €43,022,309 | +€27.2m | +172.4% |
| Income taxes | 67/77 | €2,219,428 | €6,545,925 | +€4.3m | +194.9% |
| Taxes | 670/3 | €2,235,919 | €6,545,925 | +€4.3m | +192.8% |
| Tax adjustments and reversals of tax provisions | 77 | €16,491 | - | -€16,491 | |
| Profit (loss) for the period | 9904 | €13,573,676 | €36,476,384 | +€22.9m | +168.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,573,676 | €36,476,384 | +€22.9m | +168.7% |
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.