MACHA & CO: 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.
MACHA & CO
Largest movements
- Receivables within one year +€40,022
up €40,022 (+63.8%), from €62,701 to €102,723
of which Trade receivables: +€39,687
- Stocks and contracts +€14,504
up €14,504 (+15.0%), from €96,991 to €111,495
- Other debts +€77,137
up €77,137 (+8795.4%), from €877 to €78,014
- Reserves -€63,446
no longer reported in 2025 (was €63,446)
- Profit (loss) carried forward +€28,405
up €28,405 (+191.8%), from €14,810 to €43,215
- Trade debts +€15,270
up €15,270 (+47.7%), from €31,994 to €47,264
- Debts after one year -€4,208
down €4,208 (-4.9%), from €85,056 to €80,849
- Gross operating margin +€53,689
up €53,689, from -€18,367 to €35,322
- Other operating charges -€9,614
down €9,614 (-86.1%), from €11,163 to €1,549
- Financial charges +€2,104
up €2,104 (+52.4%), from €4,014 to €6,119
- Financial income -€895
down €895 (-35.7%), from €2,504 to €1,609
- Taxes +€580
no longer reported in 2025 (was -€580)
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 | €231,284 | €286,264 | +€54,981 | +23.8% |
| Fixed assets | 21/28 | €4,702 | €3,843 | -€859 | -18.3% |
| Tangible fixed assets | 22/27 | €4,702 | €3,843 | -€859 | -18.3% |
| Furniture and vehicles | 24 | €2,202 | €1,343 | -€859 | -39.0% |
| Other tangible fixed assets | 26 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €226,582 | €282,421 | +€55,839 | +24.6% |
| Amounts receivable after more than one year | 29 | €66,890 | €66,890 | = | 0.0% |
| Trade receivables | 290 | €61,890 | €61,890 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €96,991 | €111,495 | +€14,504 | +15.0% |
| Stocks | 30/36 | €96,991 | €111,495 | +€14,504 | +15.0% |
| Amounts receivable within one year | 40/41 | €62,701 | €102,723 | +€40,022 | +63.8% |
| Trade receivables | 40 | €60,997 | €100,684 | +€39,687 | +65.1% |
| Other amounts receivable | 41 | €1,704 | €2,039 | +€335 | +19.7% |
| Cash at bank and in hand | 54/58 | - | €1,314 | +€1,314 | |
| Total equity and liabilities | 10/49 | €231,284 | €286,264 | +€54,981 | +23.8% |
| Equity | 10/15 | €90,656 | €55,615 | -€35,041 | -38.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €63,446 | - | -€63,446 | |
| Distributable reserves | 133 | €63,446 | - | -€63,446 | |
| Profit (loss) carried forward | 14 | €14,810 | €43,215 | +€28,405 | +191.8% |
| Amounts payable | 17/49 | €140,628 | €230,650 | +€90,021 | +64.0% |
| Amounts payable after more than one year | 17 | €85,056 | €80,849 | -€4,208 | -4.9% |
| Financial debts | 170/4 | €85,056 | €80,849 | -€4,208 | -4.9% |
| Amounts payable within one year | 42/48 | €55,572 | €149,801 | +€94,229 | +169.6% |
| Current portion of amounts payable after more than one year | 42 | €2,694 | €4,208 | +€1,514 | +56.2% |
| Financial debts | 43 | €72 | - | -€72 | |
| Credit institutions | 430/8 | €72 | - | -€72 | |
| Trade debts | 44 | €31,994 | €47,264 | +€15,270 | +47.7% |
| Suppliers | 440/4 | €31,994 | €47,264 | +€15,270 | +47.7% |
| Taxes, remuneration and social security | 45 | €19,935 | €20,316 | +€380 | +1.9% |
| Taxes | 450/3 | €19,935 | €20,316 | +€380 | +1.9% |
| Other amounts payable | 47/48 | €877 | €78,014 | +€77,137 | +8795.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €811 | €859 | +€48 | +5.9% |
| Other operating charges | 640/8 | €11,163 | €1,549 | -€9,614 | -86.1% |
| Gross operating margin | 9900 | -€18,367 | €35,322 | +€53,689 | |
| Operating profit (loss) | 9901 | -€30,340 | €32,914 | +€63,255 | |
| Financial income | 75/76B | €2,504 | €1,609 | -€895 | -35.7% |
| Recurring financial income | 75 | €2,504 | €1,609 | -€895 | -35.7% |
| Financial charges | 65/66B | €4,014 | €6,119 | +€2,104 | +52.4% |
| Recurring financial charges | 65 | €4,014 | €6,119 | +€2,104 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | -€31,851 | €28,405 | +€60,256 | |
| Income taxes | 67/77 | -€580 | - | +€580 | |
| Profit (loss) for the period | 9904 | -€31,271 | €28,405 | +€59,676 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,271 | €28,405 | +€59,676 |
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 8 October 2026 via checked.be.