MACHINE DYNAMICS: 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.
MACHINE DYNAMICS
Largest movements
- Receivables within one year +€49,748
up €49,748 (+118%), from €42,023 to €91,771
of which Trade receivables: +€65,664
- Cash +€27,590
up €27,590 (+220%), from €12,547 to €40,137
mainly Debts after one year (+€46,470) and Net result for the year (+€42,163)
- Tangible fixed assets +€27,051
up €27,051 (+108%), from €25,108 to €52,159
of which Plant, machinery and equipment: +€27,698
- Reserves +€89,094
new in 2025: €89,094
- Profit (loss) carried forward -€48,136
down €48,136 (-100%), from €48,136 to €0
- Debts after one year +€46,470
new in 2025: €46,470
- Tax, wage and social debts +€16,319
up €16,319 (+70.6%), from €23,103 to €39,422
of which Remuneration and social security: +€11,169
- Current portion of long-term debt +€8,285
new in 2025: €8,285
- Gross operating margin +€53,491
up €53,491 (+60.7%), from €88,174 to €141,665
- Depreciation +€12,436
up €12,436 (+282%), from €4,403 to €16,839
- Taxes +€7,918
up €7,918 (+113%), from €7,007 to €14,925
- Staff costs +€3,994
up €3,994 (+6.5%), from €61,680 to €65,674
- Financial charges +€1,733
up €1,733 (+238%), from €727 to €2,460
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 | €101,673 | €205,937 | +€104,264 | +103% |
| Fixed assets | 21/28 | €25,108 | €52,159 | +€27,051 | +108% |
| Tangible fixed assets | 22/27 | €25,108 | €52,159 | +€27,051 | +108% |
| Plant, machinery and equipment | 23 | €22,796 | €50,494 | +€27,698 | +122% |
| Furniture and vehicles | 24 | €2,312 | €1,665 | -€647 | -28.0% |
| Current assets | 29/58 | €76,565 | €153,778 | +€77,213 | +101% |
| Amounts receivable after more than one year | 29 | €20,715 | €21,869 | +€1,154 | +5.6% |
| Trade receivables | 290 | - | €21,869 | +€21,869 | |
| Other amounts receivable | 291 | €20,715 | - | -€20,715 | |
| Amounts receivable within one year | 40/41 | €42,023 | €91,771 | +€49,748 | +118% |
| Trade receivables | 40 | €24,836 | €90,500 | +€65,664 | +264% |
| Other amounts receivable | 41 | €17,187 | €1,272 | -€15,915 | -92.6% |
| Cash at bank and in hand | 54/58 | €12,547 | €40,137 | +€27,590 | +220% |
| Deferred charges and accrued income | 490/1 | €1,280 | €0 | -€1,280 | -100% |
| Total equity and liabilities | 10/49 | €101,673 | €205,937 | +€104,264 | +103% |
| Equity | 10/15 | €48,136 | €89,094 | +€40,958 | +85.1% |
| Reserves | 13 | - | €89,094 | +€89,094 | |
| Distributable reserves | 133 | - | €89,094 | +€89,094 | |
| Profit (loss) carried forward | 14 | €48,136 | €0 | -€48,136 | -100% |
| Amounts payable | 17/49 | €53,537 | €116,843 | +€63,306 | +118% |
| Amounts payable after more than one year | 17 | - | €46,470 | +€46,470 | |
| Financial debts | 170/4 | - | €46,470 | +€46,470 | |
| Amounts payable within one year | 42/48 | €53,537 | €70,373 | +€16,836 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | - | €8,285 | +€8,285 | |
| Trade debts | 44 | €29,362 | €21,574 | -€7,788 | -26.5% |
| Suppliers | 440/4 | €29,362 | €21,574 | -€7,788 | -26.5% |
| Taxes, remuneration and social security | 45 | €23,103 | €39,422 | +€16,319 | +70.6% |
| Taxes | 450/3 | €23,103 | €28,253 | +€5,150 | +22.3% |
| Remuneration and social security | 454/9 | - | €11,169 | +€11,169 | |
| Other amounts payable | 47/48 | €1,072 | €1,092 | +€20 | +1.9% |
| Non-recurring operating income | 76A | €621 | €0 | -€621 | -100% |
| Remuneration, social security and pensions | 62 | €61,680 | €65,674 | +€3,994 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,403 | €16,839 | +€12,436 | +282% |
| Other operating charges | 640/8 | €1,100 | €758 | -€342 | -31.1% |
| Gross operating margin | 9900 | €88,174 | €141,665 | +€53,491 | +60.7% |
| Operating profit (loss) | 9901 | €20,991 | €58,394 | +€37,403 | +178% |
| Financial income | 75/76B | €2 | €1,154 | +€1,152 | +57,592% |
| Recurring financial income | 75 | €2 | €1,154 | +€1,152 | +57,592% |
| Financial charges | 65/66B | €727 | €2,460 | +€1,733 | +238% |
| Recurring financial charges | 65 | €727 | €2,460 | +€1,733 | +238% |
| Profit (loss) for the period before taxes | 9903 | €20,266 | €57,088 | +€36,822 | +182% |
| Income taxes | 67/77 | €7,007 | €14,925 | +€7,918 | +113% |
| Profit (loss) for the period | 9904 | €13,259 | €42,163 | +€28,904 | +218% |
| Profit (loss) for the period to be appropriated | 9905 | €13,259 | €42,163 | +€28,904 | +218% |
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 26 October 2026 via checked.be.