machete: 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.
machete
Largest movements
- Cash -€31,292
down €31,292 (-80.1%), from €39,071 to €7,780
mainly Trade debts (-€31,251) and Investment in fixed assets (net) (-€14,602)
- Receivables within one year -€22,740
down €22,740 (-36.2%), from €62,807 to €40,067
of which Trade receivables: -€21,063
- Tangible fixed assets +€11,132
up €11,132 (+2,490%), from €447 to €11,579
of which Furniture and vehicles: +€9,846
- Stocks and contracts -€1,601
down €1,601 (-74.3%), from €2,155 to €554
- Trade debts -€31,251
down €31,251 (-44.1%), from €70,829 to €39,578
- Other debts -€10,679
no longer reported in 2025 (was €10,679)
- Profit (loss) carried forward -€4,394
new in 2025: -€4,394
- Tax, wage and social debts +€2,207
up €2,207 (+13.2%), from €16,660 to €18,866
of which Taxes: +€4,045
- Staff costs +€49,060
up €49,060 (+95.0%), from €51,647 to €100,707
- Gross operating margin +€45,279
up €45,279 (+75.8%), from €59,765 to €105,045
- Financial charges +€4,942
up €4,942 (+13,728%), from €36 to €4,978
- Depreciation +€2,328
up €2,328 (+204%), from €1,142 to €3,470
- Taxes -€1,533
no longer reported in 2025 (was €1,533)
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 | €105,267 | €61,150 | -€44,117 | -41.9% |
| Fixed assets | 21/28 | €447 | €11,579 | +€11,132 | +2,490% |
| Tangible fixed assets | 22/27 | €447 | €11,579 | +€11,132 | +2,490% |
| Plant, machinery and equipment | 23 | €447 | €1,733 | +€1,286 | +288% |
| Furniture and vehicles | 24 | - | €9,846 | +€9,846 | |
| Current assets | 29/58 | €104,820 | €49,571 | -€55,249 | -52.7% |
| Stocks and contracts in progress | 3 | €2,155 | €554 | -€1,601 | -74.3% |
| Stocks | 30/36 | €2,155 | €554 | -€1,601 | -74.3% |
| Amounts receivable within one year | 40/41 | €62,807 | €40,067 | -€22,740 | -36.2% |
| Trade receivables | 40 | €60,712 | €39,650 | -€21,063 | -34.7% |
| Other amounts receivable | 41 | €2,095 | €418 | -€1,677 | -80.1% |
| Cash at bank and in hand | 54/58 | €39,071 | €7,780 | -€31,292 | -80.1% |
| Deferred charges and accrued income | 490/1 | €786 | €1,170 | +€384 | +48.8% |
| Total equity and liabilities | 10/49 | €105,267 | €61,150 | -€44,117 | -41.9% |
| Equity | 10/15 | €7,100 | €2,706 | -€4,394 | -61.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €5,100 | €5,100 | = | 0.0% |
| Distributable reserves | 133 | €5,100 | €5,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,394 | -€4,394 | |
| Amounts payable | 17/49 | €98,167 | €58,444 | -€39,722 | -40.5% |
| Amounts payable within one year | 42/48 | €98,167 | €58,444 | -€39,722 | -40.5% |
| Trade debts | 44 | €70,829 | €39,578 | -€31,251 | -44.1% |
| Suppliers | 440/4 | €70,829 | €39,578 | -€31,251 | -44.1% |
| Taxes, remuneration and social security | 45 | €16,660 | €18,866 | +€2,207 | +13.2% |
| Taxes | 450/3 | €2,016 | €6,062 | +€4,045 | +201% |
| Remuneration and social security | 454/9 | €14,643 | €12,805 | -€1,839 | -12.6% |
| Other amounts payable | 47/48 | €10,679 | - | -€10,679 | |
| Remuneration, social security and pensions | 62 | €51,647 | €100,707 | +€49,060 | +95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,142 | €3,470 | +€2,328 | +204% |
| Other operating charges | 640/8 | €322 | €283 | -€39 | -12.1% |
| Gross operating margin | 9900 | €59,765 | €105,045 | +€45,279 | +75.8% |
| Operating profit (loss) | 9901 | €6,654 | €584 | -€6,071 | -91.2% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €36 | €4,978 | +€4,942 | +13,728% |
| Recurring financial charges | 65 | €36 | €4,978 | +€4,942 | +13,728% |
| Profit (loss) for the period before taxes | 9903 | €6,633 | -€4,394 | -€11,027 | |
| Income taxes | 67/77 | €1,533 | - | -€1,533 | |
| Profit (loss) for the period | 9904 | €5,100 | -€4,394 | -€9,494 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,100 | -€4,394 | -€9,494 |
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.