JOHAN MACHIEN: 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.
JOHAN MACHIEN
Largest movements
- Stocks and contracts +€49,305
up €49,305 (+129%), from €38,200 to €87,505
- Tangible fixed assets -€24,451
down €24,451 (-23.2%), from €105,357 to €80,906
- Cash +€9,734
up €9,734 (+8.4%), from €115,468 to €125,202
mainly Net result for the year (+€68,951) and Depreciation (+€28,916)
- Receivables within one year -€3,534
down €3,534 (-8.8%), from €40,144 to €36,611
of which Trade receivables: -€23,159
- Reserves +€51,351
up €51,351 (+79.7%), from €64,468 to €115,819
- Trade debts -€11,552
down €11,552 (-58.1%), from €19,874 to €8,322
- Debts after one year -€6,025
down €6,025 (-10.5%), from €57,237 to €51,212
- Other debts -€4,624
down €4,624 (-3.6%), from €130,062 to €125,438
- Gross operating margin +€111,577
up €111,577 (+171%), from €65,157 to €176,734
- Staff costs +€35,744
up €35,744 (+1,413%), from €2,530 to €38,274
- Taxes +€16,117
up €16,117 (+223%), from €7,236 to €23,353
- Other operating charges +€15,205
up €15,205 (+2,693%), from €565 to €15,770
- Depreciation +€2,366
up €2,366 (+8.9%), from €26,550 to €28,916
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 | €300,189 | €331,037 | +€30,848 | +10.3% |
| Fixed assets | 21/28 | €106,377 | €81,720 | -€24,657 | -23.2% |
| Intangible fixed assets | 21 | €1,020 | €814 | -€206 | -20.2% |
| Tangible fixed assets | 22/27 | €105,357 | €80,906 | -€24,451 | -23.2% |
| Plant, machinery and equipment | 23 | €54,277 | €42,251 | -€12,026 | -22.2% |
| Furniture and vehicles | 24 | €37,188 | €27,285 | -€9,904 | -26.6% |
| Other tangible fixed assets | 26 | €13,892 | €11,371 | -€2,521 | -18.2% |
| Current assets | 29/58 | €193,812 | €249,317 | +€55,506 | +28.6% |
| Stocks and contracts in progress | 3 | €38,200 | €87,505 | +€49,305 | +129% |
| Stocks | 30/36 | €38,200 | €87,505 | +€49,305 | +129% |
| Amounts receivable within one year | 40/41 | €40,144 | €36,611 | -€3,534 | -8.8% |
| Trade receivables | 40 | €40,144 | €16,986 | -€23,159 | -57.7% |
| Other amounts receivable | 41 | - | €19,625 | +€19,625 | |
| Cash at bank and in hand | 54/58 | €115,468 | €125,202 | +€9,734 | +8.4% |
| Total equity and liabilities | 10/49 | €300,189 | €331,037 | +€30,848 | +10.3% |
| Equity | 10/15 | €83,068 | €134,419 | +€51,351 | +61.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,468 | €115,819 | +€51,351 | +79.7% |
| Distributable reserves | 133 | €64,468 | €115,819 | +€51,351 | +79.7% |
| Amounts payable | 17/49 | €217,121 | €196,618 | -€20,502 | -9.4% |
| Amounts payable after more than one year | 17 | €57,237 | €51,212 | -€6,025 | -10.5% |
| Financial debts | 170/4 | €57,237 | €51,212 | -€6,025 | -10.5% |
| Amounts payable within one year | 42/48 | €159,883 | €145,406 | -€14,477 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €6,311 | €6,025 | -€286 | -4.5% |
| Trade debts | 44 | €19,874 | €8,322 | -€11,552 | -58.1% |
| Suppliers | 440/4 | €19,874 | €8,322 | -€11,552 | -58.1% |
| Taxes, remuneration and social security | 45 | €3,636 | €5,621 | +€1,984 | +54.6% |
| Taxes | 450/3 | €2,789 | €306 | -€2,483 | -89.0% |
| Remuneration and social security | 454/9 | €847 | €5,314 | +€4,468 | +528% |
| Other amounts payable | 47/48 | €130,062 | €125,438 | -€4,624 | -3.6% |
| Remuneration, social security and pensions | 62 | €2,530 | €38,274 | +€35,744 | +1,413% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,550 | €28,916 | +€2,366 | +8.9% |
| Other operating charges | 640/8 | €565 | €15,770 | +€15,205 | +2,693% |
| Gross operating margin | 9900 | €65,157 | €176,734 | +€111,577 | +171% |
| Operating profit (loss) | 9901 | €35,512 | €93,773 | +€58,262 | +164% |
| Financial income | 75/76B | €141 | €182 | +€41 | +29.1% |
| Recurring financial income | 75 | €141 | €182 | +€41 | +29.1% |
| Financial charges | 65/66B | €1,947 | €1,652 | -€295 | -15.2% |
| Recurring financial charges | 65 | €1,947 | €1,652 | -€295 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €33,706 | €92,304 | +€58,598 | +174% |
| Income taxes | 67/77 | €7,236 | €23,353 | +€16,117 | +223% |
| Profit (loss) for the period | 9904 | €26,471 | €68,951 | +€42,480 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €26,471 | €68,951 | +€42,480 | +160% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.