Machine Glass Solutions: 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 Glass Solutions
Largest movements
- Current investments -€100,000
down €100,000 (-40.0%), from €250,000 to €150,000
- Tangible fixed assets +€95,108
up €95,108 (+56.2%), from €169,276 to €264,384
of which Furniture and vehicles: +€99,883
- Receivables within one year -€94,118
down €94,118 (-55.7%), from €168,946 to €74,828
of which Trade receivables: -€88,911
- Cash +€66,468
up €66,468 (+26.3%), from €252,483 to €318,952
mainly Current investments (+€100,000) and Receivables within one year (+€94,118)
- Trade debts -€97,866
down €97,866 (-56.4%), from €173,410 to €75,544
- Other debts +€76,713
up €76,713 (+1,339%), from €5,728 to €82,441
- Gross operating margin +€13,443
up €13,443 (+10.2%), from €131,928 to €145,371
- Depreciation +€9,132
up €9,132 (+32.7%), from €27,942 to €37,074
- Financial income -€3,458
down €3,458 (-53.7%), from €6,436 to €2,978
- Other operating charges +€2,721
up €2,721 (+297%), from €918 to €3,639
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 | €904,860 | €883,249 | -€21,611 | -2.4% |
| Fixed assets | 21/28 | €169,276 | €265,092 | +€95,816 | +56.6% |
| Intangible fixed assets | 21 | - | €708 | +€708 | |
| Tangible fixed assets | 22/27 | €169,276 | €264,384 | +€95,108 | +56.2% |
| Land and buildings | 22 | €6,255 | €5,082 | -€1,173 | -18.7% |
| Plant, machinery and equipment | 23 | €17,767 | €22,715 | +€4,948 | +27.8% |
| Furniture and vehicles | 24 | €41,229 | €141,112 | +€99,883 | +242% |
| Other tangible fixed assets | 26 | €104,025 | €95,475 | -€8,550 | -8.2% |
| Current assets | 29/58 | €735,584 | €618,157 | -€117,427 | -16.0% |
| Stocks and contracts in progress | 3 | €62,740 | €64,280 | +€1,540 | +2.5% |
| Stocks | 30/36 | €62,740 | €64,280 | +€1,540 | +2.5% |
| Amounts receivable within one year | 40/41 | €168,946 | €74,828 | -€94,118 | -55.7% |
| Trade receivables | 40 | €157,074 | €68,163 | -€88,911 | -56.6% |
| Other amounts receivable | 41 | €11,872 | €6,665 | -€5,207 | -43.9% |
| Current investments | 50/53 | €250,000 | €150,000 | -€100,000 | -40.0% |
| Cash at bank and in hand | 54/58 | €252,483 | €318,952 | +€66,468 | +26.3% |
| Deferred charges and accrued income | 490/1 | €1,415 | €10,098 | +€8,682 | +613% |
| Total equity and liabilities | 10/49 | €904,860 | €883,249 | -€21,611 | -2.4% |
| Equity | 10/15 | €590,162 | €590,162 | = | 0.0% |
| Reserves | 13 | €590,162 | €590,162 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €571,412 | €571,412 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €314,698 | €293,087 | -€21,611 | -6.9% |
| Amounts payable after more than one year | 17 | €109,920 | €101,336 | -€8,584 | -7.8% |
| Financial debts | 170/4 | €109,920 | €101,336 | -€8,584 | -7.8% |
| Amounts payable within one year | 42/48 | €204,778 | €188,125 | -€16,653 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €8,438 | €8,584 | +€146 | +1.7% |
| Trade debts | 44 | €173,410 | €75,544 | -€97,866 | -56.4% |
| Suppliers | 440/4 | €173,410 | €75,544 | -€97,866 | -56.4% |
| Advances received on contracts in progress | 46 | - | €8,591 | +€8,591 | |
| Taxes, remuneration and social security | 45 | €17,202 | €12,964 | -€4,237 | -24.6% |
| Taxes | 450/3 | €9,357 | €5,068 | -€4,289 | -45.8% |
| Remuneration and social security | 454/9 | €7,845 | €7,897 | +€52 | +0.7% |
| Other amounts payable | 47/48 | €5,728 | €82,441 | +€76,713 | +1,339% |
| Accrued charges and deferred income | 492/3 | - | €3,626 | +€3,626 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,942 | €37,074 | +€9,132 | +32.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €241 | +€241 | |
| Other operating charges | 640/8 | €918 | €3,639 | +€2,721 | +297% |
| Gross operating margin | 9900 | €131,928 | €145,371 | +€13,443 | +10.2% |
| Operating profit (loss) | 9901 | €103,068 | €104,418 | +€1,350 | +1.3% |
| Financial income | 75/76B | €6,436 | €2,978 | -€3,458 | -53.7% |
| Recurring financial income | 75 | €6,436 | €2,978 | -€3,458 | -53.7% |
| Financial charges | 65/66B | €2,451 | €2,483 | +€33 | +1.3% |
| Recurring financial charges | 65 | €2,451 | €2,483 | +€33 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €107,053 | €104,913 | -€2,140 | -2.0% |
| Income taxes | 67/77 | €23,766 | €23,940 | +€174 | +0.7% |
| Profit (loss) for the period | 9904 | €83,287 | €80,972 | -€2,315 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €83,287 | €80,972 | -€2,315 | -2.8% |
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 17 October 2026 via checked.be.