PC-MACLOG: 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.
PC-MACLOG
Largest movements
- Cash +€61,675
up €61,675 (+45.2%), from €136,408 to €198,083
mainly Net result for the year (+€24,382) and Trade debts (+€18,508)
- Receivables within one year -€16,671
down €16,671 (-13.5%), from €123,655 to €106,984
- Tangible fixed assets -€5,784
down €5,784 (-32.1%), from €18,032 to €12,248
of which Furniture and vehicles: -€4,977
- Reserves +€22,141
up €22,141 (+545.4%), from €4,059 to €26,200
of which Non-distributable reserves: +€22,141
- Trade debts +€18,508
up €18,508 (+78.1%), from €23,703 to €42,211
- Accrued charges and deferred income -€15,000
no longer reported in 2025 (was €15,000)
- Tax, wage and social debts +€8,711
up €8,711 (+197.6%), from €4,408 to €13,119
- Gross operating margin +€28,814
up €28,814 (+163.1%), from €17,671 to €46,485
- Taxes +€9,138
up €9,138 (+152.2%), from €6,004 to €15,141
- Depreciation -€882
down €882 (-13.2%), from €6,665 to €5,784
- Other operating charges +€714
up €714 (+153.3%), from €466 to €1,179
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 | €280,942 | €320,565 | +€39,623 | +14.1% |
| Fixed assets | 21/28 | €18,032 | €12,248 | -€5,784 | -32.1% |
| Tangible fixed assets | 22/27 | €18,032 | €12,248 | -€5,784 | -32.1% |
| Plant, machinery and equipment | 23 | €2,010 | €1,203 | -€807 | -40.1% |
| Furniture and vehicles | 24 | €16,022 | €11,045 | -€4,977 | -31.1% |
| Current assets | 29/58 | €262,910 | €308,317 | +€45,407 | +17.3% |
| Stocks and contracts in progress | 3 | €2,847 | €3,250 | +€403 | +14.1% |
| Stocks | 30/36 | €2,847 | €3,250 | +€403 | +14.1% |
| Amounts receivable within one year | 40/41 | €123,655 | €106,984 | -€16,671 | -13.5% |
| Trade receivables | 40 | €123,655 | €106,984 | -€16,671 | -13.5% |
| Cash at bank and in hand | 54/58 | €136,408 | €198,083 | +€61,675 | +45.2% |
| Total equity and liabilities | 10/49 | €280,942 | €320,565 | +€39,623 | +14.1% |
| Equity | 10/15 | €220,283 | €244,665 | +€24,382 | +11.1% |
| Contributions | 10/11 | €6,197 | €8,056 | +€1,859 | +30.0% |
| Capital | 10 | €6,197 | - | -€6,197 | |
| Issued capital | 100 | €18,750 | - | -€18,750 | |
| Uncalled capital | 101 | €12,553 | - | -€12,553 | |
| Reserves | 13 | €4,059 | €26,200 | +€22,141 | +545.4% |
| Non-distributable reserves | 130/1 | €1,859 | €24,000 | +€22,141 | +1190.9% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Other | 1319 | - | €24,000 | +€24,000 | |
| Tax-exempt reserves | 132 | €2,200 | €2,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €210,027 | €210,409 | +€382 | +0.2% |
| Amounts payable | 17/49 | €60,659 | €75,901 | +€15,242 | +25.1% |
| Amounts payable within one year | 42/48 | €45,659 | €75,901 | +€30,242 | +66.2% |
| Trade debts | 44 | €23,703 | €42,211 | +€18,508 | +78.1% |
| Suppliers | 440/4 | €23,703 | €42,211 | +€18,508 | +78.1% |
| Taxes, remuneration and social security | 45 | €4,408 | €13,119 | +€8,711 | +197.6% |
| Taxes | 450/3 | €4,408 | €13,119 | +€8,711 | +197.6% |
| Other amounts payable | 47/48 | €17,548 | €20,571 | +€3,023 | +17.2% |
| Accrued charges and deferred income | 492/3 | €15,000 | - | -€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,665 | €5,784 | -€882 | -13.2% |
| Other operating charges | 640/8 | €466 | €1,179 | +€714 | +153.3% |
| Gross operating margin | 9900 | €17,671 | €46,485 | +€28,814 | +163.1% |
| Operating profit (loss) | 9901 | €10,540 | €39,522 | +€28,982 | +275.0% |
| Financial income | 75/76B | - | €132 | +€132 | |
| Recurring financial income | 75 | - | €132 | +€132 | |
| Financial charges | 65/66B | €168 | €130 | -€37 | -22.3% |
| Recurring financial charges | 65 | €168 | €130 | -€37 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €10,372 | €39,523 | +€29,151 | +281.1% |
| Income taxes | 67/77 | €6,004 | €15,141 | +€9,138 | +152.2% |
| Profit (loss) for the period | 9904 | €4,368 | €24,382 | +€20,014 | +458.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,368 | €24,382 | +€20,014 | +458.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.