MACY'S: 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.
MACY'S
Largest movements
- Receivables within one year +€9,855
up €9,855 (+9.5%), from €103,763 to €113,618
of which Trade receivables: +€10,817
- Cash -€4,505
down €4,505 (-17.0%), from €26,543 to €22,038
mainly Trade debts (-€13,214) and Receivables within one year (-€9,855)
- Trade debts -€13,214
down €13,214 (-17.4%), from €75,727 to €62,513
- Reserves +€10,386
up €10,386 (+49.7%), from €20,878 to €31,265
of which Distributable reserves: +€10,386
- Accrued charges and deferred income +€5,656
up €5,656 (+143%), from €3,949 to €9,604
- Tax, wage and social debts +€3,479
up €3,479 (+15.0%), from €23,214 to €26,693
of which Taxes: +€12,553
- Staff costs -€26,225
down €26,225 (-31.2%), from €84,029 to €57,804
- Gross operating margin +€15,930
up €15,930 (+28.4%), from €56,129 to €72,059
- Other operating charges +€1,791
up €1,791 (+154%), from €1,165 to €2,957
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 | €136,168 | €142,475 | +€6,307 | +4.6% |
| Fixed assets | 21/28 | €2,217 | €1,622 | -€595 | -26.8% |
| Tangible fixed assets | 22/27 | €2,167 | €1,572 | -€595 | -27.4% |
| Plant, machinery and equipment | 23 | €1,704 | €1,259 | -€445 | -26.1% |
| Furniture and vehicles | 24 | €463 | €313 | -€150 | -32.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €133,951 | €140,852 | +€6,901 | +5.2% |
| Stocks and contracts in progress | 3 | €3,645 | €4,157 | +€513 | +14.1% |
| Stocks | 30/36 | €3,645 | €4,157 | +€513 | +14.1% |
| Amounts receivable within one year | 40/41 | €103,763 | €113,618 | +€9,855 | +9.5% |
| Trade receivables | 40 | €71,598 | €82,415 | +€10,817 | +15.1% |
| Other amounts receivable | 41 | €32,165 | €31,203 | -€962 | -3.0% |
| Cash at bank and in hand | 54/58 | €26,543 | €22,038 | -€4,505 | -17.0% |
| Deferred charges and accrued income | 490/1 | - | €1,039 | +€1,039 | |
| Total equity and liabilities | 10/49 | €136,168 | €142,475 | +€6,307 | +4.6% |
| Equity | 10/15 | €33,278 | €43,665 | +€10,386 | +31.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €20,878 | €31,265 | +€10,386 | +49.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,018 | €29,405 | +€10,386 | +54.6% |
| Amounts payable | 17/49 | €102,890 | €98,810 | -€4,080 | -4.0% |
| Amounts payable within one year | 42/48 | €98,941 | €89,205 | -€9,736 | -9.8% |
| Trade debts | 44 | €75,727 | €62,513 | -€13,214 | -17.4% |
| Suppliers | 440/4 | €75,727 | €62,513 | -€13,214 | -17.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €23,214 | €26,693 | +€3,479 | +15.0% |
| Taxes | 450/3 | €10,236 | €22,789 | +€12,553 | +123% |
| Remuneration and social security | 454/9 | €12,978 | €3,904 | -€9,074 | -69.9% |
| Accrued charges and deferred income | 492/3 | €3,949 | €9,604 | +€5,656 | +143% |
| Remuneration, social security and pensions | 62 | €84,029 | €57,804 | -€26,225 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €863 | €595 | -€268 | -31.1% |
| Other operating charges | 640/8 | €1,165 | €2,957 | +€1,791 | +154% |
| Gross operating margin | 9900 | €56,129 | €72,059 | +€15,930 | +28.4% |
| Operating profit (loss) | 9901 | -€29,929 | €10,704 | +€40,633 | |
| Financial income | 75/76B | €2,440 | €1,871 | -€568 | -23.3% |
| Recurring financial income | 75 | €2,440 | €1,871 | -€568 | -23.3% |
| Financial charges | 65/66B | €2,103 | €2,189 | +€86 | +4.1% |
| Recurring financial charges | 65 | €2,103 | €2,189 | +€86 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€29,592 | €10,386 | +€39,978 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€29,592 | €10,386 | +€39,978 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,592 | €10,386 | +€39,978 |
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 16 October 2026 via checked.be.