MACHELART: 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.
MACHELART
Largest movements
- Receivables within one year +€13,297
up €13,297 (+49.8%), from €26,728 to €40,026
of which Trade receivables: +€14,218
- Tangible fixed assets -€7,605
down €7,605 (-43.3%), from €17,576 to €9,971
of which Furniture and vehicles: -€6,860
- Cash +€1,682
up €1,682 (+18.1%), from €9,289 to €10,970
mainly Trade debts (+€9,157) and Depreciation (+€7,605)
- Trade debts +€9,157
up €9,157, from €0 to €9,157
- Tax, wage and social debts -€1,896
no longer reported in 2025 (was €1,896)
- Other debts +€830
up €830 (+3.9%), from €21,205 to €22,036
- Profit (loss) carried forward -€704
down €704 (-3.1%), from €22,884 to €22,181
- Gross operating margin -€1,186
down €1,186 (-14.0%), from €8,488 to €7,303
- Other operating charges -€128
down €128 (-31.6%), from €404 to €276
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 | €54,045 | €61,434 | +€7,389 | +13.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €17,576 | €9,971 | -€7,605 | -43.3% |
| Tangible fixed assets | 22/27 | €17,576 | €9,971 | -€7,605 | -43.3% |
| Land and buildings | 22 | €1,546 | €800 | -€746 | -48.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €16,031 | €9,171 | -€6,860 | -42.8% |
| Current assets | 29/58 | €36,469 | €51,463 | +€14,994 | +41.1% |
| Amounts receivable within one year | 40/41 | €26,728 | €40,026 | +€13,297 | +49.8% |
| Trade receivables | 40 | €24,492 | €38,710 | +€14,218 | +58.1% |
| Other amounts receivable | 41 | €2,236 | €1,315 | -€921 | -41.2% |
| Cash at bank and in hand | 54/58 | €9,289 | €10,970 | +€1,682 | +18.1% |
| Deferred charges and accrued income | 490/1 | €452 | €467 | +€15 | +3.3% |
| Total equity and liabilities | 10/49 | €54,045 | €61,434 | +€7,389 | +13.7% |
| Equity | 10/15 | €30,944 | €30,241 | -€704 | -2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,884 | €22,181 | -€704 | -3.1% |
| Amounts payable | 17/49 | €23,101 | €31,193 | +€8,092 | +35.0% |
| Amounts payable within one year | 42/48 | €23,101 | €31,193 | +€8,092 | +35.0% |
| Trade debts | 44 | €0 | €9,157 | +€9,157 | |
| Suppliers | 440/4 | - | €9,157 | +€9,157 | |
| Taxes, remuneration and social security | 45 | €1,896 | - | -€1,896 | |
| Taxes | 450/3 | €1,896 | - | -€1,896 | |
| Other amounts payable | 47/48 | €21,205 | €22,036 | +€830 | +3.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,605 | €7,605 | = | 0.0% |
| Other operating charges | 640/8 | €404 | €276 | -€128 | -31.6% |
| Gross operating margin | 9900 | €8,488 | €7,303 | -€1,186 | -14.0% |
| Operating profit (loss) | 9901 | €479 | -€579 | -€1,058 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €110 | €126 | +€16 | +14.4% |
| Recurring financial charges | 65 | €110 | €126 | +€16 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €369 | -€704 | -€1,073 | |
| Profit (loss) for the period | 9904 | €369 | -€704 | -€1,073 | |
| Profit (loss) for the period to be appropriated | 9905 | €369 | -€704 | -€1,073 |
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 24 October 2026 via checked.be.