Dr. Machiels - Proper: 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.
Dr. Machiels - Proper
Largest movements
- Receivables within one year +€510,961
up €510,961 (+720%), from €70,943 to €581,904
- Cash -€25,766
down €25,766 (-18.9%), from €136,014 to €110,248
mainly Contributions, distributions and other (-€811,528) and Receivables within one year (-€510,961)
- Other debts +€811,528
new in 2025: €811,528
- Reserves -€362,826
no longer reported in 2025 (was €362,826)
- Current portion of long-term debt +€31,134
up €31,134 (+1,243%), from €2,505 to €33,640
- Gross operating margin +€101,143
up €101,143 (+20.5%), from €492,982 to €594,125
- Taxes +€28,274
up €28,274 (+24.3%), from €116,592 to €144,866
- Financial income +€15,539
up €15,539 (+723%), from €2,150 to €17,689
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 | €397,012 | €882,474 | +€485,463 | +122% |
| Fixed assets | 21/28 | €26,676 | €20,105 | -€6,572 | -24.6% |
| Tangible fixed assets | 22/27 | €26,676 | €20,105 | -€6,572 | -24.6% |
| Furniture and vehicles | 24 | €26,676 | €20,105 | -€6,572 | -24.6% |
| Current assets | 29/58 | €370,336 | €862,370 | +€492,034 | +133% |
| Amounts receivable within one year | 40/41 | €70,943 | €581,904 | +€510,961 | +720% |
| Other amounts receivable | 41 | €70,943 | €581,904 | +€510,961 | +720% |
| Cash at bank and in hand | 54/58 | €136,014 | €110,248 | -€25,766 | -18.9% |
| Deferred charges and accrued income | 490/1 | €163,379 | €170,218 | +€6,839 | +4.2% |
| Total equity and liabilities | 10/49 | €397,012 | €882,474 | +€485,463 | +122% |
| Equity | 10/15 | €365,826 | €3,000 | -€362,826 | -99.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €362,826 | - | -€362,826 | |
| Distributable reserves | 133 | €362,826 | - | -€362,826 | |
| Amounts payable | 17/49 | €31,185 | €879,474 | +€848,289 | +2,720% |
| Amounts payable within one year | 42/48 | €28,505 | €879,474 | +€850,969 | +2,985% |
| Current portion of amounts payable after more than one year | 42 | €2,505 | €33,640 | +€31,134 | +1,243% |
| Trade debts | 44 | €6,558 | €9,441 | +€2,883 | +44.0% |
| Suppliers | 440/4 | €6,558 | €9,441 | +€2,883 | +44.0% |
| Taxes, remuneration and social security | 45 | €19,442 | €24,866 | +€5,424 | +27.9% |
| Taxes | 450/3 | €19,442 | €24,866 | +€5,424 | +27.9% |
| Other amounts payable | 47/48 | - | €811,528 | +€811,528 | |
| Accrued charges and deferred income | 492/3 | €2,680 | - | -€2,680 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,313 | €15,867 | +€1,554 | +10.9% |
| Other operating charges | 640/8 | €1,134 | €857 | -€277 | -24.4% |
| Gross operating margin | 9900 | €492,982 | €594,125 | +€101,143 | +20.5% |
| Operating profit (loss) | 9901 | €477,535 | €577,401 | +€99,866 | +20.9% |
| Financial income | 75/76B | €2,150 | €17,689 | +€15,539 | +723% |
| Recurring financial income | 75 | €2,150 | €17,689 | +€15,539 | +723% |
| Financial charges | 65/66B | €267 | €1,523 | +€1,256 | +471% |
| Recurring financial charges | 65 | €267 | €1,523 | +€1,256 | +471% |
| Profit (loss) for the period before taxes | 9903 | €479,418 | €593,567 | +€114,149 | +23.8% |
| Income taxes | 67/77 | €116,592 | €144,866 | +€28,274 | +24.3% |
| Profit (loss) for the period | 9904 | €362,826 | €448,701 | +€85,875 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €362,826 | €448,701 | +€85,875 | +23.7% |
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 17 October 2026 via checked.be.