STAN MACAE CONSULT: 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.
STAN MACAE CONSULT
Largest movements
- Cash -€35,425
down €35,425 (-33.6%), from €105,467 to €70,042
mainly Contributions, distributions and other (-€50,000) and Other debts (-€38,919)
- Receivables within one year -€16,770
down €16,770 (-47.4%), from €35,345 to €18,575
of which Trade receivables: -€15,187
- Tangible fixed assets -€1,692
down €1,692 (-37.5%), from €4,506 to €2,814
of which Furniture and vehicles: -€1,639
- Other debts -€38,919
down €38,919 (-43.2%), from €90,000 to €51,081
- Reserves -€17,028
down €17,028 (-54.4%), from €31,295 to €14,266
- Trade debts +€1,593
up €1,593 (+147.6%), from €1,079 to €2,672
- Gross operating margin -€8,870
down €8,870 (-16.1%), from €55,133 to €46,263
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 | €145,738 | €91,536 | -€54,202 | -37.2% |
| Fixed assets | 21/28 | €4,506 | €2,814 | -€1,692 | -37.5% |
| Tangible fixed assets | 22/27 | €4,506 | €2,814 | -€1,692 | -37.5% |
| Plant, machinery and equipment | 23 | €53 | - | -€53 | |
| Furniture and vehicles | 24 | €4,453 | €2,814 | -€1,639 | -36.8% |
| Current assets | 29/58 | €141,232 | €88,722 | -€52,510 | -37.2% |
| Amounts receivable within one year | 40/41 | €35,345 | €18,575 | -€16,770 | -47.4% |
| Trade receivables | 40 | €32,981 | €17,794 | -€15,187 | -46.0% |
| Other amounts receivable | 41 | €2,364 | €781 | -€1,583 | -67.0% |
| Cash at bank and in hand | 54/58 | €105,467 | €70,042 | -€35,425 | -33.6% |
| Deferred charges and accrued income | 490/1 | €420 | €105 | -€315 | -75.0% |
| Total equity and liabilities | 10/49 | €145,738 | €91,536 | -€54,202 | -37.2% |
| Equity | 10/15 | €36,295 | €19,266 | -€17,028 | -46.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,295 | €14,266 | -€17,028 | -54.4% |
| Distributable reserves | 133 | €31,295 | €14,266 | -€17,028 | -54.4% |
| Amounts payable | 17/49 | €109,443 | €72,270 | -€37,173 | -34.0% |
| Amounts payable within one year | 42/48 | €108,782 | €72,270 | -€36,512 | -33.6% |
| Trade debts | 44 | €1,079 | €2,672 | +€1,593 | +147.6% |
| Suppliers | 440/4 | €1,079 | €2,672 | +€1,593 | +147.6% |
| Taxes, remuneration and social security | 45 | €17,704 | €18,517 | +€814 | +4.6% |
| Taxes | 450/3 | €15,774 | €15,617 | -€157 | -1.0% |
| Remuneration and social security | 454/9 | €1,929 | €2,900 | +€971 | +50.3% |
| Other amounts payable | 47/48 | €90,000 | €51,081 | -€38,919 | -43.2% |
| Accrued charges and deferred income | 492/3 | €661 | - | -€661 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,712 | €1,692 | -€20 | -1.2% |
| Other operating charges | 640/8 | €778 | €588 | -€189 | -24.3% |
| Gross operating margin | 9900 | €55,133 | €46,263 | -€8,870 | -16.1% |
| Operating profit (loss) | 9901 | €52,644 | €43,982 | -€8,661 | -16.5% |
| Financial income | 75/76B | €14 | €256 | +€242 | +1728.5% |
| Recurring financial income | 75 | €14 | €256 | +€242 | +1728.5% |
| Financial charges | 65/66B | €9 | €48 | +€39 | +431.6% |
| Recurring financial charges | 65 | €9 | €48 | +€39 | +431.6% |
| Profit (loss) for the period before taxes | 9903 | €52,649 | €44,191 | -€8,458 | -16.1% |
| Income taxes | 67/77 | €11,628 | €11,219 | -€409 | -3.5% |
| Profit (loss) for the period | 9904 | €41,020 | €32,972 | -€8,049 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,020 | €32,972 | -€8,049 | -19.6% |
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 7 October 2026 via checked.be.