MaChaPa: 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.
MaChaPa
Largest movements
- Tangible fixed assets +€287,708
up €287,708 (+30.2%), from €952,909 to €1.2m
- Other debts +€400,000
up €400,000 (+58.6%), from €682,324 to €1.1m
- Profit (loss) carried forward -€65,636
down €65,636 (-15.3%), from -€430,296 to -€495,932
- Debts after one year -€40,854
down €40,854 (-12.9%), from €316,475 to €275,622
- Depreciation +€15,725
up €15,725 (+71.0%), from €22,155 to €37,880
- Financial charges -€2,909
down €2,909 (-23.0%), from €12,624 to €9,715
- Gross operating margin -€1,390
down €1,390 (-8.4%), from -€16,531 to -€17,922
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 | €956,672 | €1,243,224 | +€286,552 | +30.0% |
| Fixed assets | 21/28 | €952,909 | €1,240,617 | +€287,708 | +30.2% |
| Tangible fixed assets | 22/27 | €952,909 | €1,240,617 | +€287,708 | +30.2% |
| Land and buildings | 22 | €952,909 | €1,240,617 | +€287,708 | +30.2% |
| Current assets | 29/58 | €3,762 | €2,607 | -€1,156 | -30.7% |
| Cash at bank and in hand | 54/58 | €3,762 | €2,607 | -€1,156 | -30.7% |
| Total equity and liabilities | 10/49 | €956,672 | €1,243,224 | +€286,552 | +30.0% |
| Equity | 10/15 | -€429,296 | -€494,932 | -€65,636 | -15.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€430,296 | -€495,932 | -€65,636 | -15.3% |
| Amounts payable | 17/49 | €1,385,967 | €1,738,156 | +€352,189 | +25.4% |
| Amounts payable after more than one year | 17 | €316,475 | €275,622 | -€40,854 | -12.9% |
| Financial debts | 170/4 | €316,475 | €275,622 | -€40,854 | -12.9% |
| Amounts payable within one year | 42/48 | €1,069,492 | €1,462,534 | +€393,042 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | €42,698 | €40,854 | -€1,844 | -4.3% |
| Trade debts | 44 | €344,470 | €339,356 | -€5,114 | -1.5% |
| Suppliers | 440/4 | €344,470 | €339,356 | -€5,114 | -1.5% |
| Other amounts payable | 47/48 | €682,324 | €1,082,324 | +€400,000 | +58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,155 | €37,880 | +€15,725 | +71.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | -€16,531 | -€17,922 | -€1,390 | -8.4% |
| Operating profit (loss) | 9901 | -€38,804 | -€55,921 | -€17,117 | -44.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €12,624 | €9,715 | -€2,909 | -23.0% |
| Recurring financial charges | 65 | €12,624 | €9,715 | -€2,909 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | -€51,428 | -€65,636 | -€14,208 | -27.6% |
| Profit (loss) for the period | 9904 | -€51,428 | -€65,636 | -€14,208 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,428 | -€65,636 | -€14,208 | -27.6% |
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.