MACY: what changed
Two fiscal 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.
MACY
Largest movements
- Receivables within one year +€3,786
up €3,786 (+9.2%), from €41,072 to €44,859
of which Other amounts receivable: +€18,286
- Other debts +€34,785
up €34,785 (+167.2%), from €20,800 to €55,585
- Debts after one year -€27,326
down €27,326 (-18.8%), from €145,104 to €117,778
- Advances received -€13,310
down €13,310 (-100.0%), from €13,310 to €0
- Tax, wage and social debts +€6,116
up €6,116 (+23.1%), from €26,466 to €32,582
- Gross operating margin -€68,556
down €68,556 (-87.1%), from €78,739 to €10,183
- Taxes -€17,109
down €17,109 (-97.1%), from €17,619 to €510
- Financial charges -€1,086
down €1,086 (-11.7%), from €9,270 to €8,184
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 | €286,741 | €290,708 | +€3,966 | +1.4% |
| Fixed assets | 21/28 | €241,311 | €240,989 | -€322 | -0.1% |
| Tangible fixed assets | 22/27 | €1,311 | €989 | -€322 | -24.6% |
| Furniture and vehicles | 24 | €1,311 | €989 | -€322 | -24.6% |
| Financial fixed assets | 28 | €240,000 | €240,000 | = | 0.0% |
| Current assets | 29/58 | €45,431 | €49,719 | +€4,288 | +9.4% |
| Amounts receivable within one year | 40/41 | €41,072 | €44,859 | +€3,786 | +9.2% |
| Trade receivables | 40 | €14,500 | €0 | -€14,500 | -100.0% |
| Other amounts receivable | 41 | €26,572 | €44,859 | +€18,286 | +68.8% |
| Cash at bank and in hand | 54/58 | €4,358 | €3,970 | -€389 | -8.9% |
| Deferred charges and accrued income | 490/1 | - | €891 | +€891 | |
| Total equity and liabilities | 10/49 | €286,741 | €290,708 | +€3,966 | +1.4% |
| Equity | 10/15 | €54,988 | €55,530 | +€542 | +1.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €51,988 | €52,530 | +€542 | +1.0% |
| Distributable reserves | 133 | €51,988 | €52,530 | +€542 | +1.0% |
| Amounts payable | 17/49 | €231,753 | €235,177 | +€3,424 | +1.5% |
| Amounts payable after more than one year | 17 | €145,104 | €117,778 | -€27,326 | -18.8% |
| Financial debts | 170/4 | €145,104 | €117,778 | -€27,326 | -18.8% |
| Amounts payable within one year | 42/48 | €86,650 | €117,400 | +€30,750 | +35.5% |
| Current portion of amounts payable after more than one year | 42 | €26,046 | €27,326 | +€1,280 | +4.9% |
| Trade debts | 44 | €28 | €1,907 | +€1,879 | +6828.8% |
| Suppliers | 440/4 | €28 | €1,907 | +€1,879 | +6828.8% |
| Advances received on contracts in progress | 46 | €13,310 | €0 | -€13,310 | -100.0% |
| Taxes, remuneration and social security | 45 | €26,466 | €32,582 | +€6,116 | +23.1% |
| Taxes | 450/3 | €26,466 | €32,582 | +€6,116 | +23.1% |
| Other amounts payable | 47/48 | €20,800 | €55,585 | +€34,785 | +167.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €322 | +€22 | +7.4% |
| Other operating charges | 640/8 | - | €624 | +€624 | |
| Gross operating margin | 9900 | €78,739 | €10,183 | -€68,556 | -87.1% |
| Operating profit (loss) | 9901 | €78,439 | €9,236 | -€69,202 | -88.2% |
| Financial income | 75/76B | €30 | €0 | -€30 | -99.0% |
| Recurring financial income | 75 | €30 | €0 | -€30 | -99.0% |
| Financial charges | 65/66B | €9,270 | €8,184 | -€1,086 | -11.7% |
| Recurring financial charges | 65 | €9,270 | €8,184 | -€1,086 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €69,199 | €1,052 | -€68,147 | -98.5% |
| Income taxes | 67/77 | €17,619 | €510 | -€17,109 | -97.1% |
| Profit (loss) for the period | 9904 | €51,580 | €542 | -€51,038 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,580 | €542 | -€51,038 | -98.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.