MACHIELS: 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.
MACHIELS
Largest movements
- Current investments +€36,000
up €36,000 (+138%), from €26,000 to €62,000
- Tangible fixed assets -€35,230
down €35,230 (-50.4%), from €69,837 to €34,606
of which Furniture and vehicles: -€32,487
- Deferred charges and accrued income +€9,216
new in 2025: €9,216
- Receivables within one year -€5,483
down €5,483 (-14.5%), from €37,731 to €32,248
of which Trade receivables: -€4,943
- Cash +€3,508
up €3,508 (+4.6%), from €76,060 to €79,568
mainly Depreciation (+€35,230) and Net result for the year (+€29,704)
- Reserves +€18,885
up €18,885 (+11.7%), from €160,846 to €179,731
of which Distributable reserves: +€18,885
- Trade debts -€11,588
down €11,588 (-54.5%), from €21,244 to €9,657
- Short-term financial debts +€2,722
new in 2025: €2,722
- Gross operating margin +€14,895
up €14,895 (+23.7%), from €62,749 to €77,644
- Taxes +€3,843
up €3,843 (+55.6%), from €6,911 to €10,754
- Financial charges -€1,265
down €1,265 (-52.0%), from €2,433 to €1,168
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 | €213,648 | €221,020 | +€7,372 | +3.5% |
| Fixed assets | 21/28 | €69,837 | €34,606 | -€35,230 | -50.4% |
| Tangible fixed assets | 22/27 | €69,837 | €34,606 | -€35,230 | -50.4% |
| Plant, machinery and equipment | 23 | €55 | €0 | -€55 | -100% |
| Furniture and vehicles | 24 | €53,671 | €21,185 | -€32,487 | -60.5% |
| Other tangible fixed assets | 26 | €16,111 | €13,422 | -€2,689 | -16.7% |
| Current assets | 29/58 | €143,811 | €186,413 | +€42,602 | +29.6% |
| Stocks and contracts in progress | 3 | €4,019 | €3,380 | -€639 | -15.9% |
| Stocks | 30/36 | €4,019 | €3,380 | -€639 | -15.9% |
| Amounts receivable within one year | 40/41 | €37,731 | €32,248 | -€5,483 | -14.5% |
| Trade receivables | 40 | €33,634 | €28,691 | -€4,943 | -14.7% |
| Other amounts receivable | 41 | €4,097 | €3,557 | -€540 | -13.2% |
| Current investments | 50/53 | €26,000 | €62,000 | +€36,000 | +138% |
| Cash at bank and in hand | 54/58 | €76,060 | €79,568 | +€3,508 | +4.6% |
| Deferred charges and accrued income | 490/1 | - | €9,216 | +€9,216 | |
| Total equity and liabilities | 10/49 | €213,648 | €221,020 | +€7,372 | +3.5% |
| Equity | 10/15 | €167,051 | €185,936 | +€18,885 | +11.3% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €160,846 | €179,731 | +€18,885 | +11.7% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €145,846 | €164,731 | +€18,885 | +12.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €46,597 | €35,083 | -€11,513 | -24.7% |
| Amounts payable within one year | 42/48 | €44,483 | €34,247 | -€10,237 | -23.0% |
| Financial debts | 43 | - | €2,722 | +€2,722 | |
| Credit institutions | 430/8 | - | €2,722 | +€2,722 | |
| Trade debts | 44 | €21,244 | €9,657 | -€11,588 | -54.5% |
| Suppliers | 440/4 | €21,244 | €9,657 | -€11,588 | -54.5% |
| Taxes, remuneration and social security | 45 | €3,182 | €2,645 | -€537 | -16.9% |
| Taxes | 450/3 | €3,182 | €2,645 | -€537 | -16.9% |
| Other amounts payable | 47/48 | €20,057 | €19,223 | -€834 | -4.2% |
| Accrued charges and deferred income | 492/3 | €2,113 | €836 | -€1,277 | -60.4% |
| Non-recurring operating income | 76A | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,280 | €35,230 | -€50 | -0.1% |
| Other operating charges | 640/8 | €2,055 | €1,444 | -€611 | -29.7% |
| Gross operating margin | 9900 | €62,749 | €77,644 | +€14,895 | +23.7% |
| Operating profit (loss) | 9901 | €25,414 | €40,969 | +€15,555 | +61.2% |
| Financial income | 75/76B | €196 | €657 | +€462 | +236% |
| Recurring financial income | 75 | €196 | €657 | +€462 | +236% |
| Financial charges | 65/66B | €2,433 | €1,168 | -€1,265 | -52.0% |
| Recurring financial charges | 65 | €2,433 | €1,168 | -€1,265 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | €23,177 | €40,458 | +€17,282 | +74.6% |
| Income taxes | 67/77 | €6,911 | €10,754 | +€3,843 | +55.6% |
| Profit (loss) for the period | 9904 | €16,266 | €29,704 | +€13,438 | +82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,266 | €29,704 | +€13,438 | +82.6% |
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.