MACH ONE EUPEN: 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 ONE EUPEN
Largest movements
- Tangible fixed assets -€136,967
down €136,967 (-21.5%), from €637,480 to €500,513
of which Plant, machinery and equipment: -€76,504
- Deferred charges and accrued income -€17,220
down €17,220 (-30.4%), from €56,682 to €39,463
- Trade debts -€109,460
down €109,460 (-24.2%), from €452,496 to €343,036
- Debts after one year -€77,613
down €77,613 (-70.4%), from €110,259 to €32,647
- Profit (loss) carried forward +€67,824
up €67,824 (+9.2%), from €737,779 to €805,603
- Current portion of long-term debt -€34,427
down €34,427 (-30.7%), from €112,040 to €77,613
- Staff costs -€324,207
down €324,207 (-36.4%), from €889,770 to €565,562
- Gross operating margin -€169,025
down €169,025 (-17.1%), from €986,964 to €817,940
- Depreciation -€20,690
down €20,690 (-12.6%), from €164,294 to €143,604
- Other operating charges -€13,165
down €13,165 (-38.5%), from €34,155 to €20,991
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 | €1,519,515 | €1,352,192 | -€167,324 | -11.0% |
| Fixed assets | 21/28 | €638,075 | €501,108 | -€136,967 | -21.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €637,480 | €500,513 | -€136,967 | -21.5% |
| Plant, machinery and equipment | 23 | €570,441 | €493,937 | -€76,504 | -13.4% |
| Furniture and vehicles | 24 | €67,039 | €6,576 | -€60,463 | -90.2% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €881,440 | €851,084 | -€30,357 | -3.4% |
| Stocks and contracts in progress | 3 | €57,881 | €70,407 | +€12,526 | +21.6% |
| Stocks | 30/36 | €57,881 | €70,407 | +€12,526 | +21.6% |
| Amounts receivable within one year | 40/41 | €594,781 | €584,023 | -€10,758 | -1.8% |
| Trade receivables | 40 | €20,210 | €517 | -€19,693 | -97.4% |
| Other amounts receivable | 41 | €574,571 | €583,505 | +€8,934 | +1.6% |
| Cash at bank and in hand | 54/58 | €172,096 | €157,191 | -€14,905 | -8.7% |
| Deferred charges and accrued income | 490/1 | €56,682 | €39,463 | -€17,220 | -30.4% |
| Total equity and liabilities | 10/49 | €1,519,515 | €1,352,192 | -€167,324 | -11.0% |
| Equity | 10/15 | €772,322 | €840,146 | +€67,824 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,943 | €15,943 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,083 | €14,083 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €737,779 | €805,603 | +€67,824 | +9.2% |
| Amounts payable | 17/49 | €747,193 | €512,046 | -€235,147 | -31.5% |
| Amounts payable after more than one year | 17 | €110,259 | €32,647 | -€77,613 | -70.4% |
| Financial debts | 170/4 | €110,259 | €32,647 | -€77,613 | -70.4% |
| Amounts payable within one year | 42/48 | €636,920 | €479,370 | -€157,550 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €112,040 | €77,613 | -€34,427 | -30.7% |
| Trade debts | 44 | €452,496 | €343,036 | -€109,460 | -24.2% |
| Suppliers | 440/4 | €452,496 | €343,036 | -€109,460 | -24.2% |
| Taxes, remuneration and social security | 45 | €72,012 | €58,369 | -€13,643 | -18.9% |
| Taxes | 450/3 | €2,848 | €962 | -€1,886 | -66.2% |
| Remuneration and social security | 454/9 | €69,164 | €57,407 | -€11,757 | -17.0% |
| Other amounts payable | 47/48 | €373 | €353 | -€20 | -5.4% |
| Accrued charges and deferred income | 492/3 | €14 | €30 | +€15 | +108% |
| Remuneration, social security and pensions | 62 | €889,770 | €565,562 | -€324,207 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,294 | €143,604 | -€20,690 | -12.6% |
| Other operating charges | 640/8 | €34,155 | €20,991 | -€13,165 | -38.5% |
| Gross operating margin | 9900 | €986,964 | €817,940 | -€169,025 | -17.1% |
| Operating profit (loss) | 9901 | -€101,254 | €87,783 | +€189,037 | |
| Financial charges | 65/66B | €22,239 | €19,657 | -€2,582 | -11.6% |
| Recurring financial charges | 65 | €22,239 | €19,657 | -€2,582 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€123,493 | €68,126 | +€191,619 | |
| Income taxes | 67/77 | €1,164 | €303 | -€861 | -74.0% |
| Profit (loss) for the period | 9904 | -€124,657 | €67,824 | +€192,480 | |
| Profit (loss) for the period to be appropriated | 9905 | -€124,657 | €67,824 | +€192,480 |
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 13 October 2026 via checked.be.