Macshold: 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.
Macshold
Largest movements
- Receivables within one year +€18,872
new in 2025: €18,872
of which Trade receivables: +€13,686
- Cash -€18,538
down €18,538 (-39.7%), from €46,664 to €28,126
mainly Other debts (-€40,418) and Receivables within one year (-€18,872)
- Deferred charges and accrued income -€847
no longer reported in 2025 (was €847)
- Tangible fixed assets -€561
down €561 (-28.0%), from €2,004 to €1,443
of which Furniture and vehicles: -€492
- Profit (loss) carried forward +€49,290
up €49,290 (+16.8%), from -€293,095 to -€243,805
- Other debts -€40,418
down €40,418 (-22.5%), from €179,368 to €138,949
- Accrued charges and deferred income -€15,157
down €15,157 (-66.3%), from €22,857 to €7,700
- Trade debts +€5,115
up €5,115 (+461%), from €1,110 to €6,225
- Gross operating margin +€57,266
up €57,266 (+960%), from €5,962 to €63,229
- Taxes +€9,629
up €9,629 (+4,881%), from €197 to €9,827
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 | €49,515 | €48,441 | -€1,074 | -2.2% |
| Fixed assets | 21/28 | €2,004 | €1,443 | -€561 | -28.0% |
| Tangible fixed assets | 22/27 | €2,004 | €1,443 | -€561 | -28.0% |
| Plant, machinery and equipment | 23 | €327 | €258 | -€69 | -21.2% |
| Furniture and vehicles | 24 | €1,677 | €1,185 | -€492 | -29.3% |
| Current assets | 29/58 | €47,511 | €46,998 | -€513 | -1.1% |
| Amounts receivable within one year | 40/41 | - | €18,872 | +€18,872 | |
| Trade receivables | 40 | - | €13,686 | +€13,686 | |
| Other amounts receivable | 41 | - | €5,187 | +€5,187 | |
| Cash at bank and in hand | 54/58 | €46,664 | €28,126 | -€18,538 | -39.7% |
| Deferred charges and accrued income | 490/1 | €847 | - | -€847 | |
| Total equity and liabilities | 10/49 | €49,515 | €48,441 | -€1,074 | -2.2% |
| Equity | 10/15 | -€161,095 | -€111,805 | +€49,290 | +30.6% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€293,095 | -€243,805 | +€49,290 | +16.8% |
| Amounts payable | 17/49 | €210,610 | €160,246 | -€50,364 | -23.9% |
| Amounts payable within one year | 42/48 | €187,753 | €152,546 | -€35,207 | -18.8% |
| Trade debts | 44 | €1,110 | €6,225 | +€5,115 | +461% |
| Suppliers | 440/4 | €1,110 | €6,225 | +€5,115 | +461% |
| Taxes, remuneration and social security | 45 | €7,275 | €7,371 | +€96 | +1.3% |
| Taxes | 450/3 | €7,275 | €7,371 | +€96 | +1.3% |
| Other amounts payable | 47/48 | €179,368 | €138,949 | -€40,418 | -22.5% |
| Accrued charges and deferred income | 492/3 | €22,857 | €7,700 | -€15,157 | -66.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €277 | €561 | +€284 | +102% |
| Other operating charges | 640/8 | €1,037 | €638 | -€399 | -38.5% |
| Non-recurring operating charges | 66A | €53 | €179 | +€126 | +238% |
| Gross operating margin | 9900 | €5,962 | €63,229 | +€57,266 | +960% |
| Operating profit (loss) | 9901 | €4,594 | €61,850 | +€57,256 | +1,246% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,180 | €2,733 | -€447 | -14.0% |
| Recurring financial charges | 65 | €3,180 | €2,733 | -€447 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €1,415 | €59,117 | +€57,702 | +4,078% |
| Income taxes | 67/77 | €197 | €9,827 | +€9,629 | +4,881% |
| Profit (loss) for the period | 9904 | €1,218 | €49,290 | +€48,073 | +3,948% |
| Profit (loss) for the period to be appropriated | 9905 | €1,218 | €49,290 | +€48,073 | +3,948% |
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 17 October 2026 via checked.be.