MACH&CIE: 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&CIE
Largest movements
- Receivables within one year -€16,291
down €16,291 (-43.9%), from €37,120 to €20,829
of which Other amounts receivable: -€14,903
- Deferred charges and accrued income -€3,885
no longer reported in 2025 (was €3,885)
- Tangible fixed assets +€3,614
up €3,614 (+10.8%), from €33,407 to €37,021
of which Other tangible fixed assets: +€4,825
- Other debts -€22,044
down €22,044 (-88.3%), from €24,964 to €2,920
- Reserves +€20,000
up €20,000 (+40.4%), from €49,505 to €69,505
- Current portion of long-term debt -€12,436
down €12,436 (-73.9%), from €16,832 to €4,396
- Profit (loss) carried forward +€5,032
up €5,032 (+23.1%), from €21,819 to €26,852
- Tax, wage and social debts +€4,656
up €4,656 (+83.4%), from €5,584 to €10,240
- Gross operating margin +€29,736
up €29,736 (+152%), from €19,534 to €49,271
- Taxes +€12,962
up €12,962 (+1,440%), from €900 to €13,862
- Other operating charges +€2,046
up €2,046 (+313%), from €654 to €2,700
- Financial charges -€1,571
down €1,571 (-61.8%), from €2,542 to €971
- Depreciation +€494
up €494 (+7.9%), from €6,223 to €6,717
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 | €145,474 | €129,799 | -€15,675 | -10.8% |
| Formation expenses | 20 | €2,487 | €2,261 | -€226 | -9.1% |
| Fixed assets | 21/28 | €33,430 | €37,045 | +€3,614 | +10.8% |
| Tangible fixed assets | 22/27 | €33,407 | €37,021 | +€3,614 | +10.8% |
| Land and buildings | 22 | €15,343 | €12,864 | -€2,479 | -16.2% |
| Furniture and vehicles | 24 | €2,356 | €3,625 | +€1,268 | +53.8% |
| Other tangible fixed assets | 26 | €15,708 | €20,533 | +€4,825 | +30.7% |
| Financial fixed assets | 28 | €24 | €24 | = | 0.0% |
| Current assets | 29/58 | €109,556 | €90,493 | -€19,064 | -17.4% |
| Amounts receivable after more than one year | 29 | €68,500 | €68,500 | = | 0.0% |
| Other amounts receivable | 291 | €68,500 | €68,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,120 | €20,829 | -€16,291 | -43.9% |
| Trade receivables | 40 | €20,020 | €18,631 | -€1,388 | -6.9% |
| Other amounts receivable | 41 | €17,100 | €2,197 | -€14,903 | -87.2% |
| Cash at bank and in hand | 54/58 | €51 | €1,164 | +€1,113 | +2,177% |
| Deferred charges and accrued income | 490/1 | €3,885 | - | -€3,885 | |
| Total equity and liabilities | 10/49 | €145,474 | €129,799 | -€15,675 | -10.8% |
| Equity | 10/15 | €77,524 | €102,556 | +€25,032 | +32.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,505 | €69,505 | +€20,000 | +40.4% |
| Distributable reserves | 133 | €49,505 | €69,505 | +€20,000 | +40.4% |
| Profit (loss) carried forward | 14 | €21,819 | €26,852 | +€5,032 | +23.1% |
| Amounts payable | 17/49 | €67,950 | €27,243 | -€40,708 | -59.9% |
| Amounts payable after more than one year | 17 | €4,985 | €500 | -€4,485 | -90.0% |
| Financial debts | 170/4 | €4,485 | - | -€4,485 | |
| Other amounts payable | 178/9 | €500 | €500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €62,966 | €26,743 | -€36,223 | -57.5% |
| Current portion of amounts payable after more than one year | 42 | €16,832 | €4,396 | -€12,436 | -73.9% |
| Financial debts | 43 | €7,580 | €4,081 | -€3,499 | -46.2% |
| Credit institutions | 430/8 | €7,580 | €4,081 | -€3,499 | -46.2% |
| Trade debts | 44 | €8,006 | €5,105 | -€2,901 | -36.2% |
| Suppliers | 440/4 | €8,006 | €5,105 | -€2,901 | -36.2% |
| Taxes, remuneration and social security | 45 | €5,584 | €10,240 | +€4,656 | +83.4% |
| Taxes | 450/3 | €5,584 | €10,240 | +€4,656 | +83.4% |
| Other amounts payable | 47/48 | €24,964 | €2,920 | -€22,044 | -88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,223 | €6,717 | +€494 | +7.9% |
| Other operating charges | 640/8 | €654 | €2,700 | +€2,046 | +313% |
| Gross operating margin | 9900 | €19,534 | €49,271 | +€29,736 | +152% |
| Operating profit (loss) | 9901 | €12,657 | €39,853 | +€27,196 | +215% |
| Financial income | 75/76B | €29 | €12 | -€17 | -58.1% |
| Recurring financial income | 75 | €29 | €12 | -€17 | -58.1% |
| Financial charges | 65/66B | €2,542 | €971 | -€1,571 | -61.8% |
| Recurring financial charges | 65 | €2,542 | €971 | -€1,571 | -61.8% |
| Profit (loss) for the period before taxes | 9903 | €10,144 | €38,894 | +€28,750 | +283% |
| Income taxes | 67/77 | €900 | €13,862 | +€12,962 | +1,440% |
| Profit (loss) for the period | 9904 | €9,244 | €25,032 | +€15,788 | +171% |
| Profit (loss) for the period to be appropriated | 9905 | €9,244 | €25,032 | +€15,788 | +171% |
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 19 October 2026 via checked.be.