MACHIELSEN: 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.
MACHIELSEN
Largest movements
- Cash +€178,047
up €178,047 (+297%), from €60,008 to €238,054
mainly Investment in fixed assets (net) (+€101,712) and Net result for the year (+€58,231)
- Tangible fixed assets -€101,712
no longer reported in 2025 (was €101,712)
- Receivables within one year +€19,637
up €19,637 (+59.0%), from €33,301 to €52,937
- Deferred charges and accrued income -€6,698
no longer reported in 2025 (was €6,698)
- Reserves +€58,231
up €58,231 (+21.2%), from €275,135 to €333,367
of which Distributable reserves: +€58,231
- Tax, wage and social debts +€30,024
up €30,024 (+2,532%), from €1,186 to €31,210
- Gross operating margin +€77,988
up €77,988 (+1,489%), from €5,237 to €83,225
- Taxes +€27,901
up €27,901 (+1,313%), from €2,124 to €30,025
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 | €283,441 | €372,714 | +€89,274 | +31.5% |
| Fixed assets | 21/28 | €101,712 | - | -€101,712 | |
| Tangible fixed assets | 22/27 | €101,712 | - | -€101,712 | |
| Land and buildings | 22 | €101,712 | - | -€101,712 | |
| Current assets | 29/58 | €181,729 | €372,714 | +€190,985 | +105% |
| Amounts receivable after more than one year | 29 | €81,722 | €81,722 | = | 0.0% |
| Other amounts receivable | 291 | €81,722 | €81,722 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,301 | €52,937 | +€19,637 | +59.0% |
| Other amounts receivable | 41 | €33,301 | €52,937 | +€19,637 | +59.0% |
| Cash at bank and in hand | 54/58 | €60,008 | €238,054 | +€178,047 | +297% |
| Deferred charges and accrued income | 490/1 | €6,698 | - | -€6,698 | |
| Total equity and liabilities | 10/49 | €283,441 | €372,714 | +€89,274 | +31.5% |
| Equity | 10/15 | €282,135 | €340,367 | +€58,231 | +20.6% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €275,135 | €333,367 | +€58,231 | +21.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €273,135 | €331,367 | +€58,231 | +21.3% |
| Amounts payable | 17/49 | €1,305 | €32,348 | +€31,042 | +2,378% |
| Amounts payable within one year | 42/48 | €1,305 | €32,238 | +€30,932 | +2,370% |
| Trade debts | 44 | €119 | €1,028 | +€909 | +761% |
| Suppliers | 440/4 | €119 | €1,028 | +€909 | +761% |
| Taxes, remuneration and social security | 45 | €1,186 | €31,210 | +€30,024 | +2,532% |
| Taxes | 450/3 | €1,186 | €31,210 | +€30,024 | +2,532% |
| Accrued charges and deferred income | 492/3 | - | €110 | +€110 | |
| Other operating charges | 640/8 | €1,731 | €1,494 | -€237 | -13.7% |
| Gross operating margin | 9900 | €5,237 | €83,225 | +€77,988 | +1,489% |
| Operating profit (loss) | 9901 | €3,506 | €81,731 | +€78,225 | +2,231% |
| Financial income | 75/76B | €6,700 | €6,878 | +€177 | +2.6% |
| Recurring financial income | 75 | €6,700 | €6,878 | +€177 | +2.6% |
| Financial charges | 65/66B | €363 | €352 | -€10 | -2.8% |
| Recurring financial charges | 65 | €363 | €352 | -€10 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €9,844 | €88,256 | +€78,412 | +797% |
| Income taxes | 67/77 | €2,124 | €30,025 | +€27,901 | +1,313% |
| Profit (loss) for the period | 9904 | €7,720 | €58,231 | +€50,512 | +654% |
| Profit (loss) for the period to be appropriated | 9905 | €7,720 | €58,231 | +€50,512 | +654% |
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 27 October 2026 via checked.be.