Machinified: 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.
Machinified
Largest movements
- Cash -€197,196
down €197,196 (-47.3%), from €417,174 to €219,979
mainly Contributions, distributions and other (-€370,000) and Investment in fixed assets (net) (-€199,306)
- Receivables within one year +€194,373
up €194,373 (+58.6%), from €331,695 to €526,068
of which Trade receivables: +€169,293
- Stocks and contracts -€59,054
down €59,054 (-77.1%), from €76,554 to €17,500
- Intangible fixed assets +€20,388
up €20,388 (+2,362%), from €863 to €21,251
- Profit (loss) carried forward -€140,703
down €140,703 (-27.9%), from €504,879 to €364,176
- Trade debts +€98,796
up €98,796 (+37.1%), from €266,031 to €364,827
- Current portion of long-term debt +€34,921
up €34,921 (+43.7%), from €79,970 to €114,891
- Tax, wage and social debts -€19,917
down €19,917 (-12.2%), from €163,280 to €143,363
of which Taxes: -€35,446
- Gross operating margin +€224,092
up €224,092 (+39.0%), from €574,750 to €798,842
- Staff costs +€129,313
up €129,313 (+83.3%), from €155,331 to €284,644
- Depreciation +€70,377
up €70,377 (+67.1%), from €104,888 to €175,265
- Taxes +€12,315
up €12,315 (+18.4%), from €67,036 to €79,350
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 | €1,457,565 | €1,424,038 | -€33,527 | -2.3% |
| Fixed assets | 21/28 | €628,400 | €652,442 | +€24,042 | +3.8% |
| Intangible fixed assets | 21 | €863 | €21,251 | +€20,388 | +2,362% |
| Tangible fixed assets | 22/27 | €627,537 | €631,191 | +€3,654 | +0.6% |
| Plant, machinery and equipment | 23 | €39,458 | €172,692 | +€133,234 | +338% |
| Furniture and vehicles | 24 | €23,321 | €23,022 | -€299 | -1.3% |
| Leasing and similar rights | 25 | €519,284 | €395,884 | -€123,400 | -23.8% |
| Other tangible fixed assets | 26 | €45,474 | €39,593 | -€5,881 | -12.9% |
| Current assets | 29/58 | €829,164 | €771,596 | -€57,569 | -6.9% |
| Stocks and contracts in progress | 3 | €76,554 | €17,500 | -€59,054 | -77.1% |
| Stocks | 30/36 | €76,554 | €17,500 | -€59,054 | -77.1% |
| Amounts receivable within one year | 40/41 | €331,695 | €526,068 | +€194,373 | +58.6% |
| Trade receivables | 40 | €329,863 | €499,156 | +€169,293 | +51.3% |
| Other amounts receivable | 41 | €1,832 | €26,912 | +€25,080 | +1,369% |
| Cash at bank and in hand | 54/58 | €417,174 | €219,979 | -€197,196 | -47.3% |
| Deferred charges and accrued income | 490/1 | €3,741 | €8,048 | +€4,307 | +115% |
| Total equity and liabilities | 10/49 | €1,457,565 | €1,424,038 | -€33,527 | -2.3% |
| Equity | 10/15 | €509,879 | €369,176 | -€140,703 | -27.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €504,879 | €364,176 | -€140,703 | -27.9% |
| Amounts payable | 17/49 | €947,686 | €1,054,862 | +€107,176 | +11.3% |
| Amounts payable after more than one year | 17 | €430,360 | €419,988 | -€10,372 | -2.4% |
| Financial debts | 170/4 | €407,860 | €397,488 | -€10,372 | -2.5% |
| Other amounts payable | 178/9 | €22,500 | €22,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €517,326 | €631,374 | +€114,048 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €79,970 | €114,891 | +€34,921 | +43.7% |
| Trade debts | 44 | €266,031 | €364,827 | +€98,796 | +37.1% |
| Suppliers | 440/4 | €266,031 | €364,827 | +€98,796 | +37.1% |
| Taxes, remuneration and social security | 45 | €163,280 | €143,363 | -€19,917 | -12.2% |
| Taxes | 450/3 | €143,368 | €107,922 | -€35,446 | -24.7% |
| Remuneration and social security | 454/9 | €19,912 | €35,441 | +€15,529 | +78.0% |
| Other amounts payable | 47/48 | €8,046 | €8,294 | +€248 | +3.1% |
| Accrued charges and deferred income | 492/3 | - | €3,500 | +€3,500 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €155,331 | €284,644 | +€129,313 | +83.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,888 | €175,265 | +€70,377 | +67.1% |
| Other operating charges | 640/8 | €547 | €5,148 | +€4,602 | +842% |
| Gross operating margin | 9900 | €574,750 | €798,842 | +€224,092 | +39.0% |
| Operating profit (loss) | 9901 | €313,985 | €333,785 | +€19,800 | +6.3% |
| Financial income | 75/76B | €3 | €0 | -€3 | -90.8% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -90.8% |
| Financial charges | 65/66B | €21,056 | €25,138 | +€4,082 | +19.4% |
| Recurring financial charges | 65 | €21,056 | €25,138 | +€4,082 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €292,932 | €308,647 | +€15,715 | +5.4% |
| Income taxes | 67/77 | €67,036 | €79,350 | +€12,315 | +18.4% |
| Profit (loss) for the period | 9904 | €225,897 | €229,297 | +€3,400 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €225,897 | €229,297 | +€3,400 | +1.5% |
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 22 October 2026 via checked.be.