MACHIELS RAF: 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 RAF
Largest movements
- Receivables within one year +€19,321
up €19,321 (+26.8%), from €72,047 to €91,368
of which Other amounts receivable: +€13,485
- Cash -€2,056
down €2,056 (-27.0%), from €7,617 to €5,561
mainly Receivables within one year (-€19,321) and Trade debts (-€2,819)
- Reserves +€14,573
up €14,573 (+24.4%), from €59,717 to €74,290
- Tax, wage and social debts +€5,378
up €5,378 (+57.6%), from €9,334 to €14,712
- Trade debts -€2,819
down €2,819 (-69.7%), from €4,047 to €1,228
- Gross operating margin +€8,110
up €8,110 (+71.7%), from €11,304 to €19,414
- Taxes +€2,035
up €2,035 (+48.3%), from €4,217 to €6,252
- Financial charges +€609
up €609 (+207%), from €294 to €903
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 | €83,249 | €100,113 | +€16,864 | +20.3% |
| Fixed assets | 21/28 | €2,758 | €2,428 | -€330 | -12.0% |
| Tangible fixed assets | 22/27 | €2,758 | €2,428 | -€330 | -12.0% |
| Plant, machinery and equipment | 23 | €2,758 | €1,866 | -€892 | -32.3% |
| Furniture and vehicles | 24 | €0 | €562 | +€562 | |
| Current assets | 29/58 | €80,491 | €97,685 | +€17,194 | +21.4% |
| Amounts receivable within one year | 40/41 | €72,047 | €91,368 | +€19,321 | +26.8% |
| Trade receivables | 40 | €4,547 | €10,383 | +€5,836 | +128% |
| Other amounts receivable | 41 | €67,500 | €80,985 | +€13,485 | +20.0% |
| Cash at bank and in hand | 54/58 | €7,617 | €5,561 | -€2,056 | -27.0% |
| Deferred charges and accrued income | 490/1 | €828 | €757 | -€71 | -8.6% |
| Total equity and liabilities | 10/49 | €83,249 | €100,113 | +€16,864 | +20.3% |
| Equity | 10/15 | €69,600 | €84,173 | +€14,573 | +20.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €59,717 | €74,290 | +€14,573 | +24.4% |
| Distributable reserves | 133 | €59,717 | €74,290 | +€14,573 | +24.4% |
| Profit (loss) carried forward | 14 | -€2,517 | -€2,517 | = | 0.0% |
| Amounts payable | 17/49 | €13,649 | €15,940 | +€2,291 | +16.8% |
| Amounts payable within one year | 42/48 | €13,649 | €15,940 | +€2,291 | +16.8% |
| Trade debts | 44 | €4,047 | €1,228 | -€2,819 | -69.7% |
| Suppliers | 440/4 | €4,047 | €1,228 | -€2,819 | -69.7% |
| Taxes, remuneration and social security | 45 | €9,334 | €14,712 | +€5,378 | +57.6% |
| Taxes | 450/3 | €9,334 | €14,712 | +€5,378 | +57.6% |
| Other amounts payable | 47/48 | €268 | €0 | -€268 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,131 | €1,029 | -€102 | -9.0% |
| Other operating charges | 640/8 | €630 | €647 | +€18 | +2.8% |
| Gross operating margin | 9900 | €11,304 | €19,414 | +€8,110 | +71.7% |
| Operating profit (loss) | 9901 | €9,544 | €17,738 | +€8,194 | +85.9% |
| Financial income | 75/76B | €3,803 | €3,991 | +€187 | +4.9% |
| Recurring financial income | 75 | €3,803 | €3,991 | +€187 | +4.9% |
| Financial charges | 65/66B | €294 | €903 | +€609 | +207% |
| Recurring financial charges | 65 | €294 | €903 | +€609 | +207% |
| Profit (loss) for the period before taxes | 9903 | €13,053 | €20,825 | +€7,772 | +59.5% |
| Income taxes | 67/77 | €4,217 | €6,252 | +€2,035 | +48.3% |
| Profit (loss) for the period | 9904 | €8,836 | €14,573 | +€5,737 | +64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,836 | €14,573 | +€5,737 | +64.9% |
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 30 October 2026 via checked.be.