Macam: 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.
Macam
Largest movements
- Cash -€52,879
down €52,879 (-98.4%), from €53,737 to €858
mainly Receivables within one year (-€33,135) and Contributions, distributions and other (-€24,000)
- Receivables within one year +€33,135
up €33,135 (+263%), from €12,594 to €45,729
of which Trade receivables: +€32,585
- Receivables after one year +€20,500
up €20,500 (+586%), from €3,500 to €24,000
of which Trade receivables: +€24,000
- Tangible fixed assets -€874
down €874 (-40.1%), from €2,179 to €1,305
of which Furniture and vehicles: -€492
- Other debts +€23,997
up €23,997 (+718,463%), from €3 to €24,000
- Profit (loss) carried forward -€20,450
down €20,450 (-34.1%), from €59,937 to €39,487
- Tax, wage and social debts -€4,982
down €4,982 (-66.4%), from €7,507 to €2,524
- Trade debts +€1,574
up €1,574 (+92.7%), from €1,699 to €3,272
- Gross operating margin -€4,063
down €4,063 (-34.3%), from €11,833 to €7,770
- Taxes -€997
down €997 (-39.5%), from €2,524 to €1,527
- Financial charges -€488
down €488 (-25.9%), from €1,888 to €1,399
- Financial income -€147
down €147 (-100.0%), from €147 to €0
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 | €72,146 | €72,284 | +€138 | +0.2% |
| Fixed assets | 21/28 | €2,179 | €1,305 | -€874 | -40.1% |
| Tangible fixed assets | 22/27 | €2,179 | €1,305 | -€874 | -40.1% |
| Plant, machinery and equipment | 23 | €659 | €277 | -€383 | -58.0% |
| Furniture and vehicles | 24 | €1,520 | €1,028 | -€492 | -32.4% |
| Current assets | 29/58 | €69,966 | €70,979 | +€1,013 | +1.4% |
| Amounts receivable after more than one year | 29 | €3,500 | €24,000 | +€20,500 | +586% |
| Trade receivables | 290 | - | €24,000 | +€24,000 | |
| Other amounts receivable | 291 | €3,500 | - | -€3,500 | |
| Amounts receivable within one year | 40/41 | €12,594 | €45,729 | +€33,135 | +263% |
| Trade receivables | 40 | €10,975 | €43,560 | +€32,585 | +297% |
| Other amounts receivable | 41 | €1,619 | €2,169 | +€549 | +33.9% |
| Cash at bank and in hand | 54/58 | €53,737 | €858 | -€52,879 | -98.4% |
| Deferred charges and accrued income | 490/1 | €135 | €392 | +€257 | +191% |
| Total equity and liabilities | 10/49 | €72,146 | €72,284 | +€138 | +0.2% |
| Equity | 10/15 | €62,937 | €42,487 | -€20,450 | -32.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,937 | €39,487 | -€20,450 | -34.1% |
| Amounts payable | 17/49 | €9,209 | €29,797 | +€20,588 | +224% |
| Amounts payable within one year | 42/48 | €9,209 | €29,797 | +€20,588 | +224% |
| Trade debts | 44 | €1,699 | €3,272 | +€1,574 | +92.7% |
| Suppliers | 440/4 | €1,699 | €3,272 | +€1,574 | +92.7% |
| Taxes, remuneration and social security | 45 | €7,507 | €2,524 | -€4,982 | -66.4% |
| Taxes | 450/3 | €7,507 | €2,524 | -€4,982 | -66.4% |
| Other amounts payable | 47/48 | €3 | €24,000 | +€23,997 | +718,463% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €874 | €874 | +€0 | 0.0% |
| Other operating charges | 640/8 | €395 | €419 | +€24 | +6.1% |
| Gross operating margin | 9900 | €11,833 | €7,770 | -€4,063 | -34.3% |
| Operating profit (loss) | 9901 | €10,564 | €6,477 | -€4,087 | -38.7% |
| Financial income | 75/76B | €147 | €0 | -€147 | -100.0% |
| Recurring financial income | 75 | €147 | €0 | -€147 | -100.0% |
| Financial charges | 65/66B | €1,888 | €1,399 | -€488 | -25.9% |
| Recurring financial charges | 65 | €1,888 | €1,399 | -€488 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €8,823 | €5,077 | -€3,746 | -42.5% |
| Income taxes | 67/77 | €2,524 | €1,527 | -€997 | -39.5% |
| Profit (loss) for the period | 9904 | €6,299 | €3,550 | -€2,749 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,299 | €3,550 | -€2,749 | -43.6% |
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 16 October 2026 via checked.be.