"MACH 2 Management": 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.
"MACH 2 Management"
Largest movements
- Current investments -€100,000
down €100,000 (-97.3%), from €102,750 to €2,750
- Receivables within one year -€90,948
down €90,948 (-78.2%), from €116,288 to €25,340
of which Other amounts receivable: -€105,369
- Cash +€36,571
up €36,571 (+74.4%), from €49,129 to €85,699
mainly Current investments (+€100,000) and Receivables within one year (+€90,948)
- Profit (loss) carried forward -€188,171
down €188,171 (-84.1%), from €223,724 to €35,553
- Other debts +€47,086
new in 2025: €47,086
- Tax, wage and social debts -€13,559
down €13,559 (-31.3%), from €43,345 to €29,786
- Gross operating margin -€58,743
down €58,743 (-53.1%), from €110,643 to €51,900
- Taxes -€12,233
down €12,233 (-54.5%), from €22,458 to €10,225
- Other operating charges -€2,379
down €2,379 (-63.1%), from €3,772 to €1,393
- Financial charges +€2,028
up €2,028 (+122%), from €1,663 to €3,692
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 | €275,291 | €118,222 | -€157,069 | -57.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €7,027 | €4,301 | -€2,725 | -38.8% |
| Tangible fixed assets | 22/27 | €7,027 | €4,301 | -€2,725 | -38.8% |
| Furniture and vehicles | 24 | €6,400 | €4,006 | -€2,394 | -37.4% |
| Other tangible fixed assets | 26 | €627 | €296 | -€331 | -52.8% |
| Current assets | 29/58 | €268,265 | €113,920 | -€154,344 | -57.5% |
| Amounts receivable within one year | 40/41 | €116,288 | €25,340 | -€90,948 | -78.2% |
| Trade receivables | 40 | €1,137 | €15,558 | +€14,421 | +1,269% |
| Other amounts receivable | 41 | €115,152 | €9,782 | -€105,369 | -91.5% |
| Current investments | 50/53 | €102,750 | €2,750 | -€100,000 | -97.3% |
| Cash at bank and in hand | 54/58 | €49,129 | €85,699 | +€36,571 | +74.4% |
| Deferred charges and accrued income | 490/1 | €97 | €131 | +€34 | +34.5% |
| Total equity and liabilities | 10/49 | €275,291 | €118,222 | -€157,069 | -57.1% |
| Equity | 10/15 | €226,724 | €38,553 | -€188,171 | -83.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €223,724 | €35,553 | -€188,171 | -84.1% |
| Amounts payable | 17/49 | €48,567 | €79,668 | +€31,101 | +64.0% |
| Amounts payable within one year | 42/48 | €48,567 | €79,668 | +€31,101 | +64.0% |
| Financial debts | 43 | €1,918 | €803 | -€1,115 | -58.1% |
| Credit institutions | 430/8 | €1,918 | €803 | -€1,115 | -58.1% |
| Trade debts | 44 | €2,225 | €913 | -€1,312 | -58.9% |
| Suppliers | 440/4 | €2,225 | €913 | -€1,312 | -58.9% |
| Advances received on contracts in progress | 46 | €1,080 | €1,080 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €43,345 | €29,786 | -€13,559 | -31.3% |
| Taxes | 450/3 | €43,345 | €29,786 | -€13,559 | -31.3% |
| Other amounts payable | 47/48 | - | €47,086 | +€47,086 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,558 | €2,725 | -€833 | -23.4% |
| Other operating charges | 640/8 | €3,772 | €1,393 | -€2,379 | -63.1% |
| Gross operating margin | 9900 | €110,643 | €51,900 | -€58,743 | -53.1% |
| Operating profit (loss) | 9901 | €103,313 | €47,782 | -€55,530 | -53.7% |
| Financial income | 75/76B | €1,004 | €1,688 | +€684 | +68.1% |
| Recurring financial income | 75 | €1,004 | €1,688 | +€684 | +68.1% |
| Financial charges | 65/66B | €1,663 | €3,692 | +€2,028 | +122% |
| Recurring financial charges | 65 | €1,663 | €3,692 | +€2,028 | +122% |
| Profit (loss) for the period before taxes | 9903 | €102,653 | €45,779 | -€56,875 | -55.4% |
| Income taxes | 67/77 | €22,458 | €10,225 | -€12,233 | -54.5% |
| Profit (loss) for the period | 9904 | €80,195 | €35,553 | -€44,642 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €80,195 | €35,553 | -€44,642 | -55.7% |
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 21 October 2026 via checked.be.