MACH: what changed
Two fiscal 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.
MACH
Largest movements
- Tangible fixed assets -€726
down €726 (-52.4%), from €1,385 to €659
of which Plant, machinery and equipment: -€479
- Cash +€361
up €361 (+50.9%), from €710 to €1,071
mainly Tax, wage and social debts (+€6,298) and Depreciation (+€726)
- Stocks and contracts +€169
up €169 (+3.8%), from €4,491 to €4,661
- Tax, wage and social debts +€6,298
up €6,298 (+13.7%), from €45,976 to €52,274
of which Remuneration and social security: +€9,268
- Profit (loss) carried forward -€4,957
down €4,957 (-7.0%), from -€70,858 to -€75,815
- Trade debts -€976
down €976 (-35.4%), from €2,757 to €1,780
- Other debts -€560
down €560 (-2.5%), from €22,511 to €21,952
- Gross operating margin +€5,746
up €5,746 (+88.3%), from -€6,511 to -€765
- Other operating charges -€556
down €556 (-19.8%), from €2,806 to €2,251
- Financial charges +€474
up €474 (+63.9%), from €742 to €1,216
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.
Cash bridge derived
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 | €6,586 | €6,391 | -€195 | -3.0% |
| Fixed assets | 21/28 | €1,385 | €659 | -€726 | -52.4% |
| Tangible fixed assets | 22/27 | €1,385 | €659 | -€726 | -52.4% |
| Plant, machinery and equipment | 23 | €916 | €437 | -€479 | -52.3% |
| Furniture and vehicles | 24 | €469 | €222 | -€247 | -52.6% |
| Current assets | 29/58 | €5,201 | €5,732 | +€531 | +10.2% |
| Stocks and contracts in progress | 3 | €4,491 | €4,661 | +€169 | +3.8% |
| Stocks | 30/36 | €4,491 | €4,661 | +€169 | +3.8% |
| Cash at bank and in hand | 54/58 | €710 | €1,071 | +€361 | +50.9% |
| Total equity and liabilities | 10/49 | €6,586 | €6,391 | -€195 | -3.0% |
| Equity | 10/15 | -€64,658 | -€69,615 | -€4,957 | -7.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,858 | -€75,815 | -€4,957 | -7.0% |
| Amounts payable | 17/49 | €71,244 | €76,006 | +€4,762 | +6.7% |
| Amounts payable within one year | 42/48 | €71,244 | €76,006 | +€4,762 | +6.7% |
| Trade debts | 44 | €2,757 | €1,780 | -€976 | -35.4% |
| Suppliers | 440/4 | €2,757 | €1,780 | -€976 | -35.4% |
| Taxes, remuneration and social security | 45 | €45,976 | €52,274 | +€6,298 | +13.7% |
| Taxes | 450/3 | €5,814 | €2,844 | -€2,970 | -51.1% |
| Remuneration and social security | 454/9 | €40,162 | €49,431 | +€9,268 | +23.1% |
| Other amounts payable | 47/48 | €22,511 | €21,952 | -€560 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €726 | €726 | = | 0.0% |
| Other operating charges | 640/8 | €2,806 | €2,251 | -€556 | -19.8% |
| Gross operating margin | 9900 | -€6,511 | -€765 | +€5,746 | +88.3% |
| Operating profit (loss) | 9901 | -€10,042 | -€3,741 | +€6,301 | +62.7% |
| Financial charges | 65/66B | €742 | €1,216 | +€474 | +63.9% |
| Recurring financial charges | 65 | €742 | €1,216 | +€474 | +63.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,784 | -€4,957 | +€5,827 | +54.0% |
| Profit (loss) for the period | 9904 | -€10,784 | -€4,957 | +€5,827 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,784 | -€4,957 | +€5,827 | +54.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.