Deus Ex Machina: 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.
Deus Ex Machina
Largest movements
- Tangible fixed assets +€33,976
up €33,976 (+246%), from €13,799 to €47,775
of which Furniture and vehicles: +€30,875
- Receivables within one year -€8,026
down €8,026 (-29.2%), from €27,527 to €19,501
of which Other amounts receivable: -€15,866
- Current investments +€4,458
up €4,458 (+95.9%), from €4,650 to €9,108
- Cash +€1,602
up €1,602 (+52.3%), from €3,062 to €4,665
mainly Other debts (+€27,241) and Receivables within one year (+€8,026)
- Other debts +€27,241
new in 2025: €27,241
- Reserves +€6,044
up €6,044 (+84.7%), from €7,140 to €13,184
- Depreciation -€4,023
down €4,023 (-55.3%), from €7,281 to €3,258
- Gross operating margin -€2,864
down €2,864 (-17.7%), from €16,190 to €13,326
- Financial income -€257
down €257 (-67.5%), from €381 to €124
- Taxes +€164
up €164 (+5.7%), from €2,895 to €3,059
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 | €50,319 | €82,343 | +€32,025 | +63.6% |
| Fixed assets | 21/28 | €14,375 | €48,351 | +€33,976 | +236% |
| Tangible fixed assets | 22/27 | €13,799 | €47,775 | +€33,976 | +246% |
| Plant, machinery and equipment | 23 | €4,351 | €8,805 | +€4,455 | +102% |
| Furniture and vehicles | 24 | €4,217 | €35,092 | +€30,875 | +732% |
| Other tangible fixed assets | 26 | €5,231 | €3,878 | -€1,353 | -25.9% |
| Financial fixed assets | 28 | €576 | €576 | = | 0.0% |
| Current assets | 29/58 | €35,944 | €33,992 | -€1,952 | -5.4% |
| Amounts receivable within one year | 40/41 | €27,527 | €19,501 | -€8,026 | -29.2% |
| Trade receivables | 40 | €10,171 | €18,010 | +€7,839 | +77.1% |
| Other amounts receivable | 41 | €17,356 | €1,491 | -€15,866 | -91.4% |
| Current investments | 50/53 | €4,650 | €9,108 | +€4,458 | +95.9% |
| Cash at bank and in hand | 54/58 | €3,062 | €4,665 | +€1,602 | +52.3% |
| Deferred charges and accrued income | 490/1 | €704 | €718 | +€14 | +2.0% |
| Total equity and liabilities | 10/49 | €50,319 | €82,343 | +€32,025 | +63.6% |
| Equity | 10/15 | €18,770 | €24,814 | +€6,044 | +32.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €7,140 | €13,184 | +€6,044 | +84.7% |
| Distributable reserves | 133 | €7,140 | €13,184 | +€6,044 | +84.7% |
| Profit (loss) carried forward | 14 | -€6,962 | -€6,962 | = | 0.0% |
| Amounts payable | 17/49 | €31,548 | €57,529 | +€25,980 | +82.4% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,148 | €32,129 | +€25,980 | +423% |
| Current portion of amounts payable after more than one year | 42 | €384 | - | -€384 | |
| Trade debts | 44 | €2,298 | €1,650 | -€648 | -28.2% |
| Suppliers | 440/4 | €2,298 | €1,650 | -€648 | -28.2% |
| Taxes, remuneration and social security | 45 | €3,466 | €3,238 | -€229 | -6.6% |
| Taxes | 450/3 | €3,466 | €3,238 | -€229 | -6.6% |
| Other amounts payable | 47/48 | - | €27,241 | +€27,241 | |
| Accrued charges and deferred income | 492/3 | €400 | €400 | = | 0.0% |
| Non-recurring operating income | 76A | - | €3,894 | +€3,894 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,281 | €3,258 | -€4,023 | -55.3% |
| Other operating charges | 640/8 | €931 | €911 | -€20 | -2.1% |
| Gross operating margin | 9900 | €16,190 | €13,326 | -€2,864 | -17.7% |
| Operating profit (loss) | 9901 | €7,978 | €9,157 | +€1,179 | +14.8% |
| Financial income | 75/76B | €381 | €124 | -€257 | -67.5% |
| Recurring financial income | 75 | €381 | €124 | -€257 | -67.5% |
| Financial charges | 65/66B | €183 | €177 | -€6 | -3.2% |
| Recurring financial charges | 65 | €183 | €177 | -€6 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €8,176 | €9,103 | +€927 | +11.3% |
| Income taxes | 67/77 | €2,895 | €3,059 | +€164 | +5.7% |
| Profit (loss) for the period | 9904 | €5,281 | €6,044 | +€763 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,281 | €6,044 | +€763 | +14.5% |
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 24 October 2026 via checked.be.